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SOURCE Research and Markets
DUBLIN, January 28, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/bkqlqg/propanol) has announced the addition of the "International Propanol (Isopropanol & N-Propanol) Market - Trends and Forecasts To 2018" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
The global propanol market, including isopropanol and n-propanol, has witnessed a significant growth in the past few years and this growth is estimated to continue in the coming years. Both isopropanol and n-propanol are among the most widely used solvents and are also employed for manufacturing various industrial chemicals, additionally isopropanol finds significant applications in pharmaceuticals. Isopropanol is considered as a viable substitute for other organic solvents and its volumetric consumption is far more than that of n-propanol.
Currently, Asia-Pacific is the largest consumer of isopropanol, consuming about 40.0% of the total global consumption, while North America is the largest consumer of n-propanol, consuming more than half of the total global consumption in 2012. Among all the countries, U.S. leads the isopropanol and n-propanol market, consuming maximum volume of both in 2012. The market volume of isopropanol & n-propanol is comparatively low in ROW region, but it is expected show the highest CAGR from 2013 to 2018, followed by Asia-Pacific.
A large volume of isopropanol and n-propanol are used as solvents in various industries. The demand growth of n-propanol as a direct solvent is quite high while isopropanol consumption as a solvent is growing at a lower CAGR, which is majorly due to stringent norms on volatile organic compound emissions. Isopropanol use in pharmaceutical industry is driving its demand significantly and is expected to show the highest CAGR from 2013 to 2018.
Major manufacturing plants of isopropanol & n-propanol are located in North America and Europe, making these regions net exporters of both the compounds. Major manufacturers of isopropanol include Royal Dutch Shell PLC (The Netherlands), The Dow Chemical Company (U.S.), ExxonMobil Chemical Company (U.S.), and Sasol Ltd. (South Africa), while key n-propanol manufacturers are OXEA GmbH (Germany), Sasol Ltd. (South Africa), The Dow Chemical Company (U.S.), Eastman Chemical Company (U.S.), and BASF SE (Germany).
This report covers the isopropanol & n-propanol market by key regions and major countries in each region. It also provides detailed segmentation of isopropanol & n-propanol market on the basis of its major applications, along with its projection till 2018.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Global Propanol Plant Capacities
6 Isopropanol Market
7 N-Propanol Market
8 Competitive Landscape
9 Company Profiles
For more information visit http://www.researchandmarkets.com/research/bkqlqg/propanol
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