N-Propanol Market by Type (Ethylene Hydrogenation Method, Allyl Alcohol Hydrogenation Method, Other Compounds Byproduct Method), by Application (Coatings, Food Additive, Pharmaceutical, Cosmetics, Printing Inks, Chemical Intermediates, Others), by By Geography (North America), by Europe (Germany, France, UK, Russia, Italy, Rest of Europe), by Asia Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by The Middle East & Africa (Turkey, Egypt, Saudi Arabia, South Africa, Rest of the Middle East & Africa) Forecast 2024-2032
The global N-propanol market size was valued at 4,213 kilotons in 2021 and is projected to reach 5,860 kilotons by 2029, exhibiting a CAGR of 5.1% during the forecast period (2022-2029).N-Propanol, which is also referred to as 1-propanol or propan-1-ol, is a primary alcohol that has the chemical formula C3H8O. The liquid looks like a colourless fluid that has a mild, alcoholic smell, and it is miscible with water and several organic solvents. A significant advantage of N-Propanol is its effectiveness as a solvent in the production of pharmaceuticals, cosmetics, and personal care products. It is an intermediate in the synthesis of other chemicals, which are esters and amines. The most outstanding utilization of N-Propanol is in the preparation of cleaning agents, antifreeze, inks, paints, and coatings. Its ability to be used in various ways, along with its strong safety record, makes it a useful part of many kinds of industries.
N-propanol is gaining popularity due to its wide range of applications across industries. Increasing demand in the coatings and pharmaceutical sectors is driving market growth.
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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