Royal Dutch Shell Plc (Netherlands) and BASF SE (Germany) are the main players in the propanol market
“Browse through 97 Market Data Tables and 51 Figures spread across 139 Pages and In-Depth TOC on ‘Propanol Market'”
Propanol Market by Type (N-Propanol, Isopropanol), Application (Direct Solvent, Chemical Intermediate, Pharmaceutical, Household & Personal Care) & Region (North America, APAC, Europe, Middle East & Africa & South America)
The global propanol market size is estimated at USD 3.5 billion in 2018 and is projected to reach USD 4.2 billion by 2023, growing at a CAGR of 4.0% between 2018 and 2023. The propanol market is mainly driven by household and personal care and pharmaceutical applications. in Asia-Pacific, mainly from India, China, Japan, South Korea and Southeast Asian countries. Propanol is a type of colorless alcohol available in two isomeric formulations, namely isopropanol and n-propanol. Isopropanol, also known as isopropyl alcohol, is a colorless, flammable liquid used as a solvent in various applications such as paints and coatings, cosmetics, pharmaceuticals, food processing, resin and formulation of pesticides.
It is also used as a chemical reagent and chemical intermediate for chemical formulation processes. N-Propanol is primarily used as a direct solvent in applications such as coatings and flexographic inks. It is also used as a chemical intermediate for the formulation of derivatives such as n-propylamine, n-propyl ester and glycol ether. The derivatives formed using n-propanol are further used in pharmaceutical, food and cosmetic applications.
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The major players in the propanol market are Royal Dutch Shell Plc (Netherlands), Exxon Mobil Corporation (US), BASF SE (Germany), The Dow Chemical Company (US), LG Chem Ltd. (South Korea), Sasol Limited (South Korea). Africa), Eastman Chemical Company (USA), Tokuyama Corporation (Japan), LCY Chemical Corp. (Taiwan), JXTG Holdings, Inc. (Japan), Deepak Fertilizers and Petrochemicals Corporation Ltd. (India) and OXEA GmbH (Germany). The Propanol market report analyzes the key growth strategies adopted by major market players, between 2014 and 2019, which include expansion and new product launches.
Royal Dutch Shell (Netherlands) is a leading player in the propanol market, which supplies isopropanol. The Company operates through three business segments, namely Upstream, Integrated Gas and New Energy, and Downstream. It offers isopropanol products through its Chemicals sub-segment which falls under the Downstream business segment. This company is a major player operating in the isopropanol market, which caters to industries such as pharmaceuticals and household and personal care. The company is integrated upstream and therefore has a leverage effect on other market players. The company is present in more than 70 countries around the world.
BASF SE (Germany) is a major player in the propanol market and offers n-propanol products. The Company is actively engaged in research and development and expansion activities for its various business segments. It operates through five business segments, namely Functional Materials and Solutions, Chemicals, Performance Products, Agricultural Solutions and Oil and Gas. The Company provides propanol products through the petrochemical division of the chemicals business segment. The company caters to various end-use industries such as pharmaceuticals and personal care and hygiene. It has a strong geographical presence with six Verbund production sites and 355 additional production sites in over 90 countries around the world.
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