Increasing adoption of methoxy propanol for use in industrial applications such as cleaning agents, anti-freezing agents, specialty cleaning and sanitation products, and preservatives, among others is a key factor driving market revenue growth.
Market Size - USD 684.7 Million in 2020, Market Growth - CAGR of 5.4%, Market Trends - Rising investments in increasing production capacity to cater to ongoing demand for methoxy propanol.
The global methoxy propanol market size is expected to reach USD 1,043.8 Million in 2028, and register a CAGR of 5.4% during the forecast period. Methoxy Propanol is mostly used in the manufacture of propylene glycol methyl ether acetates and are also widely utilized as a direct or intermediate solvent chemical in the formulation of various chemical processing. Additionally, the chemical is widely used as a coating and lamination agent in the automotive and electronics industries respectively. These are some of the major factors expected to drive revenue growth of the global methoxy propanol market.
However, availability of alternatives and possible hazardous effects of using methoxy propanol are major factors that could hamper revenue growth of the global methoxy propanol market.
Market Size - USD 684.7 Million in 2020, Market Growth - CAGR of 5.4%, Market Trends - Rising investments in increasing production capacity to cater to ongoing demand for methoxy propanol.
The global methoxy propanol market size is expected to reach USD 1,043.8 Million in 2028, and register a CAGR of 5.4% during the forecast period. Methoxy Propanol is mostly used in the manufacture of propylene glycol methyl ether acetates and are also widely utilized as a direct or intermediate solvent chemical in the formulation of various chemical processing. Additionally, the chemical is widely used as a coating and lamination agent in the automotive and electronics industries respectively. These are some of the major factors expected to drive revenue growth of the global methoxy propanol market.
However, availability of alternatives and possible hazardous effects of using methoxy propanol are major factors that could hamper revenue growth of the global methoxy propanol market.
Some Key Findings From the Report:
- Among the sales channel segments, the offline retailing segment accounted for the largest revenue share of 77.9% in the global methoxy propanol market in 2020.
- The Asia Pacific methoxy propanol market size was USD 308.1 Million, due to rapidly growing sales of top selling products paint and coatings, dyes, varnishes, inks, stains, toners, acrylics, coolants, and anti-freezers that need methoxy propanol as an ingredient.
- North America market accounted for the second largest revenue share in 2020, followed by Europe market in terms of revenue share.
- Key players profiled in the report include The Dow Chemical Company, Royal Dutch Shell PLC, Exxon Mobil Corporation, BASF SE, Tokuyama Corporation, LCY Chemical Corp., OXEA GmbH, JXTG Holdings, Inc., LG Chem Ltd., Sasol Limited, and ISU Chemical. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global methoxy propanol market is segmented on the basis of application, end-use, sales channel, and region:
Application Outlook
- Industrial Use
- Paints and Coatings
- Electronics Industry
- Automotive Use
- Others
End Use Outlook
- Direct Solvent
- Chemical Intermediate
- Coalescing Agent
- Pesticides
- Chemical Reagents
- Others
Sales Channel Outlook
- Online Retailing
- Offline Retailing
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Methoxy Propanol Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Methoxy Propanol Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Methoxy Propanol Market Segmentation & Impact Analysis
Chapter 5. Methoxy Propanol Market By End-Use Insights & Trends
Chapter 6. Methoxy Propanol Market By Sales Channel Insights & Trends
Chapter 7. Methoxy Propanol Market By Applications Insights & Trends
Chapter 8. Methoxy Propanol Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- The Dow Chemical Company
- Royal Dutch Shell PLC
- Exxon Mobil Corporation
- BASF SE
- Tokuyama Corporation
- LCY Chemical Corp.
- OXEA GmbH
- JXTG Holdings Inc.
- LG Chem Ltd.
- Sasol Limited
- ISU Chemical.
