The Europe Propanol Market is expected to witness market growth of 5.9% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 556.14 kilo tonnes, showcasing a growth of 18.3% (2020-2024).
The Germany market dominated the Europe Propanol Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD314.8 million by 2031. The UK market is experiencing a CAGR of 5.1% during 2024-2031. Additionally, the France market would exhibit a CAGR of 6.7% during 2024-2031.
Also, in the printing industry, propanol serves as a key component in the formulation of inks for various printing processes, including offset, flexographic, and gravure printing. Propanol-based inks offer advantages such as fast drying times, high color intensity, and excellent printability, making them suitable for high-speed printing applications. These inks are used to produce packaging materials, labels, newspapers, and magazines, among other printed materials.
The expansion of the solvents industry creates growth opportunities for propanol manufacturers and suppliers. With the increasing industrial activities, construction projects, and consumer demand in Europe, there is a corresponding need for solvents like propanol. This provides a chance for manufacturers of propanol to increase their market share and meet the increasing demand in the area. Also, the growth of the solvents industry fosters technological advancements and innovation in propanol production processes.
European manufacturers invest in research and development initiatives to improve production efficiency, reduce environmental impact, and enhance product quality. These advancements contribute to European propanol products’ competitiveness in domestic and international markets. Thus, the thriving solvents industry in Europe is driving the market’s growth.
The Germany market dominated the Europe Propanol Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD314.8 million by 2031. The UK market is experiencing a CAGR of 5.1% during 2024-2031. Additionally, the France market would exhibit a CAGR of 6.7% during 2024-2031.
Also, in the printing industry, propanol serves as a key component in the formulation of inks for various printing processes, including offset, flexographic, and gravure printing. Propanol-based inks offer advantages such as fast drying times, high color intensity, and excellent printability, making them suitable for high-speed printing applications. These inks are used to produce packaging materials, labels, newspapers, and magazines, among other printed materials.
The expansion of the solvents industry creates growth opportunities for propanol manufacturers and suppliers. With the increasing industrial activities, construction projects, and consumer demand in Europe, there is a corresponding need for solvents like propanol. This provides a chance for manufacturers of propanol to increase their market share and meet the increasing demand in the area. Also, the growth of the solvents industry fosters technological advancements and innovation in propanol production processes.
European manufacturers invest in research and development initiatives to improve production efficiency, reduce environmental impact, and enhance product quality. These advancements contribute to European propanol products’ competitiveness in domestic and international markets. Thus, the thriving solvents industry in Europe is driving the market’s growth.
List of Key Companies Profiled
- Exxon Mobil Corporation
- Solvay SA
- BASF SE
- The Dow Chemical Company
- Sasol Limited
- Eastman Chemical Company
- Tokuyama Corporation
- Mitsui Chemicals, Inc.
- Shell plc
- Huntsman Corporation
Market Report Segmentation
By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Isopropanol
- Direct Solvent
- Chemical Intermediate
- Pharmaceuticals
- Household & Personal Care
- Other Isopropanol Applications
- n-propanol
- Chemical Intermediate
- Direct Solvent
- Other n-propanol Applications
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Europe Propanol Market by Type
Chapter 5. Europe Propanol Market by Country
Chapter 6. Company Profiles
Companies Mentioned
Some of the key companies in the Europe Propanol Market include:- Exxon Mobil Corporation
- Solvay SA
- BASF SE
- The Dow Chemical Company
- Sasol Limited
- Eastman Chemical Company
- Tokuyama Corporation
- Mitsui Chemicals, Inc.
- Shell plc
- Huntsman Corporation
Methodology
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