Ethoxypropanol Market Overview
Ethoxypropanol, also known as propylene glycol ether, is a precursor of a number of organic chemicals including isopropylamines, isopropyl esters, propyl acetate and others. A clear liquid having a characteristic ether-like odour, ethoxypropanol is hygroscopic in nature. It also provides good solvency for resins, inks, and adhesives. Ethoxypropanol is widely used as a solvent, and this segment is categorized as a coating solvent, process solvent, aerosol solvent, and cleaning agent. The rapid growth of the construction industry coupled with robust industrialization and urbanization is expected to magnify the growth opportunities in the paints & coatings industry, resulting in an increased demand for coating additives in the upcoming years, escalating the growth of global ethoxypropanol market.
Ethoxypropanol Market Dynamics
The key growth driving factors for the global Sodium ethoxypropanol market is the growing pharmaceutical and personal care & cosmetics industry. The pharmaceutical industry is witnessing a tremendous growth owing to the increase in population and changing lifestyle in developing countries. Demand for ethoxypropanol is expected to rise due to growing demand from various applications including solvent and manufacturing of n-propyl acetate. Ethoxypropanol and its derivatives are also widely used in the cosmetic industry as a solvent due to its ability to replace other solvents. Growing demand for cosmetics particularly in emerging economies, such as China, Brazil and India is expected to drive the demand for ethoxypropanol. Use of ethoxypropanol in surface coatings is predominant owing to its high consumption in the construction and automotive industry. Outpacing the demand for automobiles around the world has increased the research and development activities in the automotive sector. This has led to a surge in the market for automotive coatings across the globe.
Environmental regulations regarding handling and transportation of volatile organic compounds are expected to hamper the market growth. As ethoxypropanol and its raw materials are highly flammable and explosive compounds, transportation and storage conditions have to be stringent. Availability of natural materials, such as propylene and acetone, is affected by the supply of crude oil and price volatility and is expected to be a significant restraint. Advancing technologies are expanding the application area of ethoxypropanol-based products, which is expected to provide immense opportunities in the near future.
Ethoxypropanol Market Segmentation
Global ethoxypropanol market is segmented on the basis of solvent and end-use industry.
On the basis of solvent, ethoxypropanol market is segmented as:
- Coating Solvent
- Process Solvent
- Aerosol solvent
- Cleaning agent
On the basis of end-use industry, ethoxypropanol market is segmented as:
- Paper & Printing
Ethoxypropanol Market Regional Outlook
The growing demand from various applications from emerging economies in East Asia & South Asia region is expected to be a significant opportunity for ethoxypropanol market. The U.S. is the largest consumer of ethoxypropanol with high demand from solvent and pharmaceutical application. Pharmaceutical companies in the U.S. use ethoxypropanol as rubbing alcohol and in manufacturing of various tablets and capsules. East Asia & South Asia was the second largest consumer of ethoxypropanol owing to increasing the health awareness of consumers and rising use of pharmaceutical products. China and India are witnessing high demand for ethoxypropanol in cosmetics and coatings application. In Europe, France and Germany was the largest consumer of iso-ethoxypropanol owing to demand from pharmaceutical and solvents industry. Germany was contributing the highest to the demand of ethoxypropanol due to full application of insolvent enterprise. Major manufacturers of ethoxypropanol have manufacturing plants in North America and Europe, which makes them net exporters, but Chinese players are increasing their manufacturing capacities to meet the demand in East Asia & South Asia.
Ethoxypropanol Market Key Players
Established players and new investors are focusing on promotional activities to increase awareness and use of ethoxypropanol-based products. A few multinational companies dominate the ethoxypropanol market but growing demand from developing countries has changed the dynamics of the market. Key players in this market include:
- BASF SE
- Ineos Group
- China National Petroleum Corporation
- Eastman Chemical Company
- Carboclor SA LCY Chemical Corp
- Mitsui Chemicals Inc
- Oxea GMBH
- ISU Chemical Co Ltd.
- Dow Chemical Company
- Royal Dutch Shell Plc
- LG Chem Ltd.
- Zhejiang Xinhua Chemical Co Ltd.
The research report presents a comprehensive assessment of the Ethoxypropanol market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Ethoxypropanol market segments such as geographies, application and industry.
Ethoxypropanol market report covers exhaustive analysis on:
- Ethoxypropanol Market Segments
- Ethoxypropanol Market Dynamics
- Ethoxypropanol Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Ethoxypropanol market regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Russia)
- East Asia (China, Japan and South Korea)
- South Asia (India, Thailand, Indonesia, Malaysia)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The Ethoxypropanol 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 report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Ethoxypropanol market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Ethoxypropanol market segments and geographies.
Ethoxypropanol Market Report Highlights:
- Detailed overview of 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
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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