Propargyl Alcohol Market Overview With Detailed Analysis 2022-2028

According to Precision Business Insights (PBI), the latest report, the propargyl alcohol market held a significant market share during the estimated period. The primary driver of the expansion of the global propargyl alcohol market is utility in oilfield solutions, furniture, paints and coatings, personal care and hygiene, and paper sectors.

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Paint and Coating Industry Segment to Dominate the Propargyl Alcohol Market:
The paint and coating Industry segment is held to account for a larger revenue share in the global propargyl alcohol market, with an optimum value share worldwide. This industry had flourished in developed regions which has given a chance to increase the demand rapidly in the market. With progressive time all the regions will expand the paint and coating industries which undoubtedly increases the demand during the forecasted period. Technological advancement, customization of products, and supply across the globe would expect a significant expansion of the propargyl market in upcoming years.

North America Propargyl Alcohol Market:
North America market is expected to increase in the global Propargyl Alcohol market over the forecast period. North America has the largest market for paint and coating industries which significantly drives the demand of the propargyl alcohol market. New and forthcoming shale gas reserves in North America are majorly anticipated to push the propargyl alcohol market for corrosion inhibitors. The demand for propargyl alcohol from the agriculture industry is also projected to show strong growth in the near future. Asia Pacific held considerable market share during estimated period. The growing population in the Asia Pacific and other regions is witnessed to drive the demand for agricultural products, and pesticides across the globe. Thus, increasing various end users will definitely dominate the propargyl market in the forecast year.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global propargyl alcohol market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In June 2020, MicroMultiCopter (Shenzhen) installed more than 100 drones in different Chinese cities to watch areas and efficiently detect crowds and traffic during the COVID-19 pandemic.

The Propargyl Alcohol market is segmented based on product type, end-user, and geography.
Based on the product type, the market is segmented into the following:
• Purity ≤90%
• Purity >90%

Based on the end user, the market is segmented into the following:
• Chemical Intermediate
• Rust Remover
• Oilfields
• Paints and Coatings Industry
• Personal Care and Hygiene
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the propargyl alcohol market report are Alfa Aesar, BASF, Ashland, Mitsubishi, ShanDong FengLe Chem, ShanXi Sanwei, Dezhou Tianyu Chemical and Henan Haiy.

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This release was published on openPR.