Key Players: BASF SE, China National Petroleum Corporation, Eastman Chemical Company, JX Nippon Oil & Energy Corporation, Deepak Fertilizers And Petrochemicals Corporation Limited, Exxon Mobil Chemical Company, Carboclor S.A., ISU Chemical Co. Ltd.
(PRWEB) June 22, 2014
The report, “Propanol (Isopropanol & N-Propanol) Market By Applications (Solvents, Chemical Intermediates, Pharmaceuticals & Others) & Geography – Trends And Forecasts To 2018” define and segment the global isopropanol & n-propanol market with analysis and forecasting of the global consumption volume.
Browse 83 market data tables and 37 figures spread through 200 pages and in-depth TOC on “Propanol Market”.
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U.S. - Biggest Market of Isopropanol & N-Propanol
U.S. is the world’s largest consumer of isopropanol and n-propanol with the highest production capacity around the globe. The country is at the front to implement isopropanol as well as n-propanol in diverse applications. Isopropanol consumption in the country is projected to grow at a CAGR of around 2.1% to 2018, while the n-propanol demand is estimated to grow at a quiet higher CAGR during the same period.
The country has employed isopropanol for as a solvent in various industries and as a key raw material for manufacturing other industrial chemicals. The demand growth of isopropanol is majorly driven by its use in cosmetics, household products and pharmaceuticals while the demand growth of n-propanol in the country is line with the growth of its major applications including its use as a solvent and for manufacturing n-propyl acetate.
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“Solvents - The Biggest and Pharmaceuticals - The Fastest Growing” Isopropanol Markets while “Direct Solvents - The Biggest & Fastest Growing” N-Propanol Market
Isopropanol is the most widely used solvent mostly due to its excellent solvency properties. Currently more than half of the total global consumption is by solvents application but the demand growth is quiet moderate due to environment regulations on volatile organic compounds. Isopropanol demand by solvents segment is very high in U.S., followed by China, Germany, and Japan. Isopropanol is also used in pharmaceutical industry as a rubbing alcohol and for manufacturing various medicines.
India, China, U.S., and France are the biggest consumers of isopropanol for pharmaceutical applications and the global demand growth of pharmaceuticals application is estimated to be over 5.0% to 2018. n-Propanol is majorly used as a direct solvent in flexographic & other printing inks, coatings industry, and as a process solvent. The n-Propanol market is subjugated by direct solvents application, consuming more than 40.0% of n-propanol in 2012. It is also the fastest growing market of n-propanol which is in line with the demand growth in countries like U.S. and Germany, which are also the biggest consumers of n-propanol as a direct solvent.
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