Increasing demand for U.S. Methoxy Propanol in the online retailing business coupled with high investments in RD of U.S. Methoxy Propanol are fueling the market growth.
The global U.S. Methoxy Propanol Market is forecast to reach USD 1,043.8 Million by 2028, according to a new report by Reports and Data. U.S. Methoxy Propanol (or also known as propylene glycol methyl ether) is a colorless, highly flammable, water soluble industrial and commercial chemical and a methoxy alcohol derivative. U.S. Methoxy Propanol is mostly used in the manufacture of propylene glycol methyl ether acetate and is also widely utilized as a direct or intermediate solvent chemical in the formulation of various chemical processing. Paints, inks, synthetic resin, varnishes, and rubber adhesives are some of its chemical applications. The continuous expansion of the paint coatings, varnishes, dyes, inks, acrylics, stains, toners, anti-freezers and coolants are expected to drive the demand throughout the forecast period. Direct Intermediate solvent, chemical reagent, coalescing agent, and other processing aids are some of its widely used end-usages. Growing demand for consumer electronics products are harnessing the growth of this market substantially.
Get a sample of the report https://www.reportsanddata.com/sample-enquiry-form/2401
Top Leading Players: 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.
Further Key Finding from the Report Suggestion:
- S. Methoxy Propanol is one of the safest synthetic alcohol to be used in the direct solvent and are widely used in the chemical formulations. Eyeglasses cleaner, toner of the electronics appliances, anti-freezing agent in the diesel engine are some of its end-use applications. The direct solvent is forecasted to reach a market share of 34.5% by 2027 growing with a rate of 6.3% during the period 2019 – 2027.
- Chemical intermediate segment is measured to gain a market revenue of USD 186.9 Million by 2027 and the CAGR is forecasted to be 5.5% in the forecast period. U.S. Methoxy Propanol is utilized as the chemical intermediate in the processing of glycol ethers, cellulose, and acrylics.
- Growing penetration of the online retailing businesses for the chemicals and materials especially in the emerging nation in Asia Pacific, is helping the market grow; broadening its outreach in the areas where the offline vendors are unavailable. Also due to the non-involvement of the distributors in the supply chain model, the profit margin is way more than that of the offline retailing. The online retailing is expected to gain a market share of 34.1% by 2027.
- Europe would reach a market share of 20.5% by 2027 and would grow at a CAGR of 5.0% in the forecast period. Germany has the highest number of valuable players in this region, while France is the fastest-growing market in Europe.
Download Summary: https://www.reportsanddata.com/download-summary-form/2401
The global U.S. Methoxy Propanol market is segmented into:
End-Use Outlook (Revenue: USD Million; Unit: Kilo Tons 2018-2028)
- Direct Solvent
- Chemical Intermediate
- Coalescing Agent
- Pesticides
- Chemical Reagents
- Others
Sales Channel Outlook (Revenue: USD Million; Unit: Kilo Tons 2018-2028)
- Online Retailing
- Offline Retailing
Applications Outlook (Revenue: USD Million; Unit: Kilo Tons 2018-2028)
- Industrial Use
- Paints and Coatings
- Electronics Industry
- Automotive Use
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
Request a customization of the report https://www.reportsanddata.com/request-customization-form/2401
Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.
Browse More Reports:
Onshore Drilling Fluids Market https://www.reportsanddata.com/report-detail/onshore-drilling-fluids-market
Glutaraldehyde Market https://www.reportsanddata.com/report-detail/glutaraldehyde-market
Plant Growth Regulators Market https://www.reportsanddata.com/report-detail/plant-growth-regulators-market
Industrial Lubricants Market https://www.reportsanddata.com/report-detail/industrial-lubricants-market
Medical Ceramics Market https://www.reportsanddata.com/report-detail/medical-ceramics-market
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs | Insights
Read the innovative blog at https://www.reportsanddata.com/blogs
Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports
