Ethoxy Propanol Market: Introduction
Ethoxy Propanol, also known as propylene glycol ethers, is stable colorless liquid, with medium to high boiling point and mild odor. It has a chemical formula C5H12O2. Ethoxy Propanol is soluble in water as well as solvent and is also compatible with many oils, greases and waxes. Ethoxy Propanol has high solvent power, excellent compatibility with polar and non-polar solvents, medium-low volatility, and coalescence. Due to their unique features, they are extensively used in a solvent-based system and as a coupling agent in an aqueous organic system.
They have diverse industrial and consumer applications that include paints & coating, inks, dyes, cleaners, cosmetics, agriculture, textile, adhesives, and pharmaceutical. In the coating industry, due to its excellent solvency, it is used in a wide range of resins, including epoxies, acrylic, polyester, polyurethanes, and nitrocellulose. In cleaner, Ethoxy Propanol offers low toxicity, reduces surface tension, excellent wetting, coupling, & penetration, and high solvency for polar and non-polar products. They can also be used in combination with other glycol ethers due to their high solvency to meet customized formulation requirements.
Ethoxy Propanol Market: Market Dynamics
The key growth driving factor for the Ethoxy Propanol market is its increased demand as a solvent in the paints & coating industry. The global paints & coating industry is on the rise owing to the growing building & construction industry, rising urbanization, and increase per capita spending. This drives the demand for a number of Ethoxy-Propanol-based solvents. Ethoxy propanol is used in a variety of formulations in the paints & coatings industry. Moreover, ethoxy propanol application in pharmaceutical and industrial cleaning is also one of the growth driving factors for the global ethoxy propanol market.
In the pharmaceutical industry, ethoxy propanol is used in the formulation of high-purity pharmaceutical ingredients. In industrial cleaning applications, ethoxy propanol is used as a coupling agent due to its high solvency power and low toxicity. Ethoxy propanol is also used as a substitute for various solvents including ethylene-oxide-based-glycol ether due to its regulatory advantage. However, volatility in raw material prices will always remain a bearish factor to hamper the growth of the ethoxy propanol market globally. Besides, its application in the cosmetics and agriculture industry will bring new opportunities for the ethoxy propanol market to expand in the long term period.
Ethoxy Propanol Market: Regional Outlook
Europe is estimated to account for a majority share of the global ethoxy propanol market as a majority of the production facilities of ethoxy propanol are concentrated in this region. In the Asia Pacific region, the ethoxy propanol market is anticipated to witness steep growth in the coming future.
This is due to the growing paints and coating industry in developing regions such as China, India, Malaysia, and Indonesia, which is expected to result in increased use of ethoxy propanol solvents in the long-term period. In North America, the ethoxy propanol market is estimated to witness moderate growth. The growth driving factor in North America is mostly the paints & coating and pharmaceutical industry. Other regions, such as Latin America, and Middle East & Africa will witness a single-digit growth in the forecast period.
Ethoxy Propanol Market: Prominent market stakeholders
Key market stakeholders in the global ethoxy propanol market are Shell, INEOS, BASF SE, Wilmar BioEthanol, amongst others. The ethoxy propanol market consists of consolidated players with manufacturing facilities concentrated in the East Asia region. The market is consolidated with few manufacturers globally. Besides, with an increased focus on the expansion of production capacity, the global ethoxy propanol market is anticipated to witness a steep growth in the forecast period. For instance, Shell, an energy and petrochemical company, accounts for a majority of the share in the global ethoxy propanol market. Shell markets its product under the trade name ethyl proxitol.
The research report presents a comprehensive assessment of the ethoxy propanol market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The ethoxy propanol market report provides analysis and information, according to market segments such as geographies, application, and industry.
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The Ethoxy Propanol Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Ethoxy Propanol Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Russia, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia & New Zealand, Rest of South Asia & Oceania)
- Middle East & Africa (GCC Countries, North Africa, South Africa, Rest of MEA)
The Ethoxy Propanol report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Ethoxy Propanol report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Ethoxy Propanol report also maps the qualitative impact of various market factors on market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
The Ethoxy Propanol Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Ethoxy Propanol Market: Segmentation
The global ethoxy propanol market is segmented on the basis of end-use application and region.
Based on end-use application, the global ethoxy propanol market is segmented as:
- Paints & Coating
- Inks & Dyes
Paints & coating end-use application accounts for majority of the share in the global ethoxy propanol market. Whereas, end-use applications such as cosmetics and agrochemicals will remain as an emerging hotspot in the global ethoxy propanol market.
Based on the region, the global ethoxy propanol market is segmented as:
- North America
- Latin America
- East Asia
- South Asia