The global chemical Propanol (Isopropanol & N-Propanol) market is growing at a rapid rate. The driving and restraining factors for this market is strategically dealt with in this analysis with emphasis is laid on its growth opportunities. The global market is analyzed using Porter’s Five Force Model, which assists stakeholders in understanding the bargaining power of buyers & suppliers, threat of new entrants and competitive rivalry. As the product is primarily used in industrial applications, such as pharmaceuticals, coating, painting and ink industries, the customer/buyer is highly educated and price sensitive. Therefore, the supplier has low bargaining power while the buyer enjoys high bargaining power. Due to difficulties in production and distribution in terms of stringent government/environmental regulations and volatility of raw material price, the threat of new entrants would be low. Additionally, since it is a rapidly growing industry, the intensity of rivalry would be minimal in the global propanol market. The study also includes a value chain analysis for optimum understanding of key players in the supply chain.
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Propanol is a colorlessvariety of alcohol primarily available in the form of its two major isomers: isopropanol and n-propanol or 1-propanol. Isopropanol and n-propanol are mainly used as a chemical solvent in various industrial applications. The aim of the report is to analyze the present and projected future trends of the global propanol market, as the demand for the product is expected to rise. The analysis provides an understanding of the market potential in various industry applications. The study focuses on the opportunities in emerging global economies so that companies can strategically make region specific plans and gain a competitive frame of reference.
Pharmaceutical and cosmetic industries are witnessing a magnificent growth worldwide due to rising global population and changing life style in developing countries. Since propanol is an important raw material for the aforementioned industries, the propanol market is expected to surge. However, since it is a highly flammable and volatile substance, propanol manufacturers and distributors are facing stringent government-imposed regulations regarding treatment and storage of the compound.
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MARKET BY END USER APPLICATION:
- N-Propyl Acetate
- Direct Solvents
- Glycol Ethers
MARKET BY GEOGRAPHY:
- North America
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