The Latin America, Middle East and Africa Propanol Market is expected to witness market growth of 8.3% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 307.52 kilo tonnes, showcasing a growth of 7.8% (2024-2031).
The Brazil market dominated the LAMEA Propanol Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD156.8 million by 2031. The Argentina market is capturing a CAGR of 8.9% during 2024-2031. Additionally, the UAE market would register CAGR of 7.5% during 2024-2031.
Innovations in propanol technology are driving advancements in formulations, processes, and applications, leading to improved performance, efficiency, and sustainability. For instance, continuous innovation in propanol formulations is expanding its application possibilities across various industries. Manufacturers are developing advanced formulations of propanol-based products, including coatings, adhesives, cleaning solutions, and personal care products, to improve performance, durability, and compatibility with specific substrates. Innovations in propanol-based coatings include low-VOC formulations, high-performance resins, and UV-curable systems that offer enhanced protection, aesthetics, and sustainability.
Furthermore, nanotechnology-enabled innovations are revolutionizing the properties and applications of propanol-based materials. Nanoparticles, nanostructured coatings, and functionalized surfaces incorporating propanol are being developed for advanced functionalities such as antimicrobial activity, self-cleaning surfaces, and corrosion resistance. These nano-enabled propanol materials find applications in healthcare, electronics, automotive, and packaging industries, offering superior performance, durability, and functionality compared to conventional materials.
Saudi Arabia’s growing oil industry enhances the country’s export potential, not only for crude oil but also for derived chemical products like propanol. Increased exports can elevate the global presence of Saudi propanol in international markets. The emphasis on producing value-added products from oil has resulted in a push for the development of higher-value chemicals. Propanol, being a crucial component in various formulations, stands to gain from this shift towards value addition in the chemical sector. Thus, the increasing chemical industry and rising petroleum sector in the region is driving the growth of the market.
The Brazil market dominated the LAMEA Propanol Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD156.8 million by 2031. The Argentina market is capturing a CAGR of 8.9% during 2024-2031. Additionally, the UAE market would register CAGR of 7.5% during 2024-2031.
Innovations in propanol technology are driving advancements in formulations, processes, and applications, leading to improved performance, efficiency, and sustainability. For instance, continuous innovation in propanol formulations is expanding its application possibilities across various industries. Manufacturers are developing advanced formulations of propanol-based products, including coatings, adhesives, cleaning solutions, and personal care products, to improve performance, durability, and compatibility with specific substrates. Innovations in propanol-based coatings include low-VOC formulations, high-performance resins, and UV-curable systems that offer enhanced protection, aesthetics, and sustainability.
Furthermore, nanotechnology-enabled innovations are revolutionizing the properties and applications of propanol-based materials. Nanoparticles, nanostructured coatings, and functionalized surfaces incorporating propanol are being developed for advanced functionalities such as antimicrobial activity, self-cleaning surfaces, and corrosion resistance. These nano-enabled propanol materials find applications in healthcare, electronics, automotive, and packaging industries, offering superior performance, durability, and functionality compared to conventional materials.
Saudi Arabia’s growing oil industry enhances the country’s export potential, not only for crude oil but also for derived chemical products like propanol. Increased exports can elevate the global presence of Saudi propanol in international markets. The emphasis on producing value-added products from oil has resulted in a push for the development of higher-value chemicals. Propanol, being a crucial component in various formulations, stands to gain from this shift towards value addition in the chemical sector. Thus, the increasing chemical industry and rising petroleum sector in the region is driving the growth of the market.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Propanol Market by Type
Chapter 5. LAMEA Propanol Market by Country
Chapter 6. Company Profiles
Companies Mentioned
Some of the key companies in the LAMEA 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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