N-Propanol Market Forecast With Shares, Challenges & Drivers and Key Players 2028

n-propanol market size

The global n-propanol market size is expected to reach USD 2,008.1 million by 2028, exhibiting a CAGR of 4.3% during the forecast period. The increasing application in the cosmetic industry will have a tremendous impact on the market growth during the forecast period, states Fortune Business Insights, in a report, titled “N-Propanol Market, 2021-2028.” The market size stood at USD 1,453.1 million in 2020.

The incorporation of 1-Propanol in cosmetic products and food additives for flavoring will drive the global market. The high adoption of propanol-based hand sanitizers amid coronavirus can enhance the development of the global market. The increased demand for n-propanol in the pharmaceutical industry will spur new market opportunities in the forthcoming years. However, the environmental risks associated with this primary alcohol are expected to retard the market’s growth in the forthcoming years.

YOU MAY ALSO LIKE
Benefits Of Including Edible Seeds In Your Diet!
buy organic chia seeds online

Organic foods are foods that are prepared naturally without the usage of artificial or synthetic fertilisers. Natural and Read More

5 Cool Birthday Gift Ideas For Your SweetHeart
Die-Cut Gift Boxes

Finding a perfect gift for your sweetheart is always a difficult task. And it must be hard for Read More

Food Colors Market Business Overview 2026 |Fortune Business Insights
Food Colors Market Size

The global food colors market size is predicted to reach USD 4,772.58 million by 2026, exhibiting a CAGR Read More

Food Enzymes Market Trends, Demand, Share and Forecast Research Report 2027 by Fortune Business Insights™
food enzymes market size

The global food enzymes market size is expected to rise considerably owing to extensive adoption of clean-labeled and Read More

Oxea’s Increased Production of n-propanol in Europe to Bolster Growth

Oxea, the global leader in oxo intermediates and oxo derivatives, including alcohols, polyols, carboxylic acids, specialty esters, and amines, announced that it increased its delivery volumes in Europe due to heavy demand from hand sanitizer’s manufacturers. The surging demand from the printing industry has further urged the company to expand its manufacturing and production capacities. Oxea will increase its supply to the printing industry due to the need for printing inks and solvents in the packaging printing process. The robust growth is also attributed to the expanding disinfectant sector. Moreover, the knowledge about 1-Propanol’s effectiveness against viruses and bacteria will enable speedy expansion of the market during the global pandemic. In addition, the higher stability offered by n-propanol and n-propyl acetate against ethanol/ethyl acetate blend will boost its adoption in the printing operations, which, in turn, will uplift the n-propanol market share.

Inclination towards Green Alternatives to Dampen Growth

Environmental constraints regarding the use of n-propanol and high volatile organic compound (VOC) emissions are expected to hamper the growth of the market. It is highly flammable and can cause severe health effects, including nausea, cancer, or central nervous system damage, which, in turn, can inhibit market growth. The shift towards green or bio-based adhesives, paints & coatings, and cosmetics will further impede the market growth. The increasing emission regulations implemented by the government to reduce HAPs, ODCs, and VOCs will retard the development of the market. The growing adoption of green and bio-based alternatives for production by Dirk Rossmann GmbH, Revlon Inc., and Symrise AG will further restrict the global n-propanol market growth.

Information source: https://www.fortunebusinessinsights.com/n-propanol-market-105137

Leave a Reply

Your email address will not be published. Required fields are marked *