Market Research Reports

The global propanol market has a relatively fragmented competitive landscape as a vast number of small and large propanol vendors thrive across the globe. This has rendered the market highly competitive, states Transparency Market Research (TMR) in a recent report. Owing to the high intensity of competition, companies in the market are focusing on growth strategies such as increased funds diverted towards research and development of bio-based product varieties, mergers and acquisitions, and collaborations. Companies are also focusing on capacity expansion as a way to ramp up their potential of grabbing a larger consumer base across high growth potential regions. Oxea, one of the market’s leading vendors, has begun construction of a new propanol manufacturing unit in the U.S. The unit, located in Bay City, is expected to produce 100,000 mt of propanol on an annual basis and is projected to begin operations in 2018. Browse Market Research Report @  http://www.transparencyma...

Propanol is considered as one of the most effective and useful intermediate solvents for producing plenty of chemicals like methyl isobutyl ketone (MIBK), isopropyl esters, acetone, isopropyl amines which are manufactured by various chemical industry. Increasing applications of propnol in industries such as pharmaceuticals, cosmetics, personal care products, deicers, resins, adhesive and paints have bolstered the growth of the global market. Certainly progressing economies and continuous demand from ever-expanding chemical industries would aid the steady rise of the segment to expand more in the forecast period. This is anticipated that the market will remain as the same leading global propanol market in the forecast period due to its continuous steady approach towards the coatings and global paints industry. The reason behind the healthy growth of this market is majorly focused on the applications where the solvent reacts with halogen to produce propyl halide and acetic ...