Propargyl Alcohols Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 - 2023
- Transparency Market Research
Propargyl alcohol is a colorless viscous liquid organic compound containing an alkyne functional group. Propargyl alcohol is miscible with several popular organic solvents as well as water. It is produced as a byproduct of industrial synthesis of 1, 4-Butynediol or by copper catalyzed addition of formaldehyde with acetone. Propargyl alcohol is flammable and highly toxic liquid. Propargyl alcohol is usually used as an intermediate in the processing of various industrial chemicals. Propargyl alcohol is also used as a corrosion inhibitor component in the manufacture of several industrial products.
As an intermediate, propargyl alcohol is used for the synthesis of pesticides, antibiotics, as an iron dissolution inhibitor in mineral acids, a precursor to fungicides amongst others. Propargyl alcohol also finds applications as a corrosion inhibitor during oil well simulation as an electroplating bath additive. The end-user industry where propargyl alcohol is extensively used includes oilfield solutions, furniture, paints and coatings, personal care and hygiene and paper amongst others. Propargyl alcohol is used in industrial as well as automotive paints and coatings across the globe. The demand for propargyl alcohol is anticipated to be mainly driven by the paints and coatings industry along with oil and gas industry. The demand for Propargyl alcohol is expected to run parallel to the demand for corrosion inhibitors across various industries. The growing demand for automobiles across the globe is expected to drive the market for automotive paints and coatings, thus consequently driving the market for Propargyl alcohol in the next few years. The growth in oilfield activities is also expected to drive the market for corrosion inhibitors in the next few years. New and upcoming shale gas reserves in North America and various other parts of the globe are anticipated to further drive the market for corrosion inhibitors and subsequently Propargyl alcohol. The demand for Propargyl alcohol from agriculture industry is also projected to show strong growth in the near future. Burgeoning population in Asia Pacific and other regions is anticipated to drive the demand for pesticides and agricultural products across the globe. With Propargyl alcohol being a key intermediate in the production of these chemicals, the demand for Propargyl alcohol is forecasted to show robust growth in the forecast years.
In terms of demand Asia Pacific was the largest consumer of propargyl alcohols followed by North America, Europe and Rest of the World. In North America U.S was the largest market for propargyl alcohols followed by Canada and Mexico. The demand for Propargyl alcohol is largely driven by the paints and coatings industry in this region. The demand for propargyl alcohols is also projected to witness strong growth in European countries such as Germany, France, U.K, Italy etc. on account of growing automotive sector in these countries. The demand for propargyl alcohols is also anticipated to witness strong growth in the Asia Pacific countries such as China, India, Indonesia etc. With growing industrial and agricultural activities in these regions the demand for propargyl alcohols is also expected to grow on similar lines. This high demand for propargyl alcohols stems from the growing demand for agricultural products and automotive paints and coatings industry in this region. The economic conditions of Brazil, Russia and South Africa are on similar track and hence the demand for propargyl alcohols is also projected to be high in these countries.
Some of the major companies operating in the global propargyl alcohols include BASF SE, Alfa Aesar and Ashland Inc. among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents
Chemicals and MaterialsGlobal Market Study on Sodium Cyanide: Upswing in Mining Activities Boosting Sales Prospects