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Propanol Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2029

That is the principal issue as to why the worldwide propanol market is expected at us$ 3,099. 4 Mn in 2022 and is projected to enjoy a regular boom in the course of the forecast length of 2022-2029. East Asia will see the maximum possibilities for producers throughout the forecast, with pharma- and electronic-grade isopropanol experiencing growing sales.

Growing usage of propanol as a direct solvent in paints and coatings, household & industrial cleaners, and others is predicted to pave the manner for its sturdy sales at some point in the projected timeline.

East Asia set to end up Self-enough in Propanol

Within the year 2014, the capacity base of propanol in East Asia handed that of north the USA, ordinarily following the start of several new facilities in China and South Korea. For the duration of the period 2014-2021, large addition in capacity has made china a prominent manufacturer in Asia pacific.

In China, destiny import volumes are anticipated to say no because the country movements closer to self-sufficiency. Globally, the oversupply of propanol has constricted its increase and demand. At gift, the full international manufacturing capability of propanol stands at around 3,400 KT, with about a 60% utilization fee.

Key Companies Profiled

  • 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.
  • Oxea GmbH
  • ISU Chemical Co Ltd.
  • LCY Chemical Corp.
  • Deepak Fertilizers and Petroleum Corporation Limited

Looking for More Information?

A new market report on propanol posted via Future Market Insights brings to the fore a pinpoint evaluation of the propanol market, and offers complete facts with ancient demand facts for 2014-2021 and forecast facts for 2022-2029.

They have a look at offered insightful statistics on the global propanol market based totally on diverse categories – kind (n-propanol, isopropanol), utility (solvents, chemical intermediates, pharmaceuticals, family & non-public care merchandise, and others), across seven areas.

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