Propanol Market Revenue, Major Players, Consumer Trends, Analysis & Forecast Till 2026
The global propanol market was valued at USD 3.06 Billion in 2018 and is expected to reach the value of USD 4.11 Billion by the end of the year 2026, at a CAGR of 3.9%. Propanol is a predominantly available colorless type of alcohol in the form of its two major isomers: isopropanol and n-propanol or 1-propanol. In various industrial applications, isopropanol and n-propanol are primarily used as a natural solvent. It is also used for producing chemicals such as acetone, isopropyl amines, isopropyl acetates, isopropyl esters, glycerol, and MIBK. Apart from this, n-propanol is used in the coating industry as medium-volatile alcohol to enhance the drying properties of electro-deposition paints, alkyd resins, and baking finishes. It is commonly used as one of the main raw materials in the cosmetics industry because of its ability to reduce the propensity of finished products to create foam and reduce liquid thickness. The propanol market is driven by the increasing deman...