Increasing demand for Europe Methoxy Propanol in the online retailing business coupled with high investments in RD of Europe Methoxy Propanol are fueling the market growth.
The global Europe Methoxy Propanol Market is forecast to reach USD 1,043.8 Million by 2028, according to a new report by Reports and Data. Europe 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. Europe 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.
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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:
- Europe 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. Europe 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.
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The global Europe 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?
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