Propanol Market to Exhibit a Remarkable CAGR of 4.0%, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

Data Bridge Market Research analyses that the propanol market will witness a CAGR of 4.0% for the forecast period of 2022-2029. Propanol market study analyses the growth caused by the increasing use of propanol in the chemical and cosmetic industries. As propanol is used as a solvent in the paint and coating industries, the market for propanol is growing.

Market Overview

Industrial propanol are cleaning agents that are commonly used to remove dirt, wax, tar, oil, grease, paints, abrasive dust, corrosive products, and other water-insoluble substances. Industrial propanol protects machines from corrosion, contamination, and damage, as well as extends machine life by removing stains from surfaces. Hydrocarbon solvents such as gasoline, kerosene, xylene, and white spirit are used to make more efficient propanol.

The presence of a large number of manufacturing facilities, combined with consistent growth in end-use industries, is assisting product consumption. The market is being driven primarily by rising demand for isopropyl alcohol, which is primarily used in pharmaceutical and chemical intermediate manufacturing. The chemical is primarily used in pharmaceutical formulations for its antiseptic properties and as a solvent. Because it is primarily used as a solvent and in the production of specialty chemicals, the n-propanol market is expected to grow steadily.

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Global Propanol Market Scope and Market Size

Propanol market is segmented on the basis of type, application and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

• On the basis of type, the propanol market is segmented into isopropanol and n-propanol

• On the basis of application, the propanol market is segmented into chemical intermediates, pharmaceuticals, industrial solvents and others.

• On the basis of end user industry, the propanol market is segmented into pharmaceuticals, chemicals, personal care, printing inks, paints and coatings, and other end-use.

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