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Propanol Market 2023 : Trends, Business Growth And Major Driving Factors | The Dow Chemical Company, BASF SE, Royal Dutch Shell Plc, Eastman Chemical Company, Mitsui Chemicals Inc
Propanol Market
Propanol Market Size, Growth Rate, And Forecast
The global propanol market size is expected to grow from $3.49 billion in 2022 to $3.67 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The propanol market size is expected to grow to $4.43 billion in 2027 at a CAGR of 4.8%.
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Propanol Market Drivers
The increase in demand for paint and coatings is expected to propel the growth of the propanol market going forward. Paint is described as a dispersion or mixture of opaque pigments or granules in a liquid or medium. Coatings refer to varnishes and inorganic binders, which are used similarly to paints.
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Propanol Market Segments
1) By Type: Iso-Propanol, N-Propanol
2) By Grade: Technical Grade, Pharmaceutical Grade, Cosmetic Grade, Electronic Grade
3) By End User: Pharmaceuticals, Chemicals, Personal Care, Printing Inks, Paints and Coatings, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Propanol market.
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Propanol Market Key Players
Major players in the propanol market are The Dow Chemical Company, BASF SE, Royal Dutch Shell Plc, Eastman Chemical Company, Mitsui Chemicals Inc., Oxea GMBH, Deepak Fertilizers and Petroleum Corporation Limited, Tokuyama Corporation, Sasol Limited, ExxonMobil Chemical Company, Nanjing Wujiang Chemical Company Limited, RX CHEMICALS, Honeywell International Inc., DuPont de Nemours Inc., and LyondellBasell Industries NV.
The Business Research Company's "Global Propanol Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Propanol Market Include:
1. Executive Summary
2. Propanol Market Characteristics
3. Propanol Market Trends And Strategies
4. Propanol Market - Macro Economic Scenario
5. Propanol Market Size And Growth
……
27. Propanol Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Propanol Market
29. Propanol Market Future Outlook and Potential Analysis
30. Appendix
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