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Propanol Market Industry Growth, Revenue, Opportunity and Industry Expansion Strategies to 2031
Global Propanol report from Global Insight Services is the single authoritative source of intelligence on Propanol market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.Read more about Propanol market here: https://www.globalinsightservices.com/reports/propanol-market/
Propanol is a clear, colorless liquid with a slightly bitter taste. It is a member of the propanol family of alcohols, which also includes isopropanol and butanol. Propanol is miscible with water and is commonly used as a solvent in a variety of industrial and household applications. It has a boiling point of 97.3 degrees Celsius and a melting point of -89.5 degrees Celsius.
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Market Segments
The Propanol Market is segmented by type, application, and region. By type, the market is divided into N-propanol and Iso-propanol. Based on application, it is bifurcated into solvent, chemical intermediate, pharmaceutical, household and personal care products, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Propanol Market includes players such as BASF SE, The Dow Chemical Company, ExxonMobil Corporation, Sasol Limited, Royal Dutch Shell Plc, Eastman Chemical Company, Mitsui Chemicals, Inc., LG Chemicals Limited, Zhejiang Xinhua Chemical Co. Ltd. and Oxea GmbH.
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Key Drivers
Propanol is a clear, colorless, slightly viscous liquid with a characteristic odor. It is miscible with water and most organic solvents. Propanol is produced commercially by the catalytic hydrogenation of propylene. It is also a by-product of the production of propylene oxide and acrylonitrile.
The key drivers of the propanol market are its low cost and wide range of applications. Propanol is used as a solvent in a variety of industries, including paints and coatings, inks, adhesives, and cleaning products. It is also used as a fuel additive and as a raw material in the production of propylene glycol, acetone, and isopropyl alcohol.
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