Ethoxypropanol is widely used as a solvent, and this segment is categorized as a coating solvent, process solvent, aerosol solvent, and cleaning agent. The rapid growth of the construction industry coupled with robust industrialization and urbanization is expected to magnify the growth opportunities in the paints & coatings industry, resulting in an increased demand for coating additives in the upcoming years, escalating the growth of global Ethoxypropanol Market.
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Ethoxypropanol, also known as propylene glycol ether, is a precursor of a number of organic chemicals including isopropylamines, isopropyl esters, propyl acetate and others. A clear liquid having a characteristic ether-like odour, ethoxypropanol is hygroscopic in nature. It also provides good solvency for resins, inks, and adhesives. Ethoxypropanol is widely used as a solvent, and this segment is categorized as a coating solvent, process solvent, aerosol solvent, and cleaning agent. The rapid growth of the construction industry coupled with robust industrialization and urbanization is expected to magnify the growth opportunities in the paints & coatings industry, resulting in an increased demand for coating additives in the upcoming years, escalating the growth of global ethoxypropanol market.
The key growth driving factors for the global Sodium ethoxypropanol market is the growing pharmaceutical and personal care & cosmetics industry. The pharmaceutical industry is witnessing a tremendous growth owing to the increase in population and changing lifestyle in developing countries. Demand for ethoxypropanol is expected to rise due to growing demand from various applications including solvent and manufacturing of n-propyl acetate. Ethoxypropanol and its derivatives are also widely used in the cosmetic industry as a solvent due to its ability to replace other solvents. Growing demand for cosmetics particularly in emerging economies, such as China, Brazil and India is expected to drive the demand for ethoxypropanol. Use of ethoxypropanol in surface coatings is predominant owing to its high consumption in the construction and automotive industry. Outpacing the demand for automobiles around the world has increased the research and development activities in the automotive sector. This has led to a surge in the market for automotive coatings across the globe.
Environmental regulations regarding handling and transportation of volatile organic compounds are expected to hamper the market growth. As ethoxypropanol and its raw materials are highly flammable and explosive compounds, transportation and storage conditions have to be stringent. Availability of natural materials, such as propylene and acetone, is affected by the supply of crude oil and price volatility and is expected to be a significant restraint. Advancing technologies are expanding the application area of ethoxypropanol-based products, which is expected to provide immense opportunities in the near future.
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The growing demand from various applications from emerging economies in East Asia & South Asia region is expected to be a significant opportunity for ethoxypropanol market. The U.S. is the largest consumer of ethoxypropanol with high demand from solvent and pharmaceutical application. Pharmaceutical companies in the U.S. use ethoxypropanol as rubbing alcohol and in manufacturing of various tablets and capsules. East Asia & South Asia was the second largest consumer of ethoxypropanol owing to increasing the health awareness of consumers and rising use of pharmaceutical products. China and India are witnessing high demand for ethoxypropanol in cosmetics and coatings application. In Europe, France and Germany was the largest consumer of iso-ethoxypropanol owing to demand from pharmaceutical and solvents industry. Germany was contributing the highest to the demand of ethoxypropanol due to full application of insolvent enterprise. Major manufacturers of ethoxypropanol have manufacturing plants in North America and Europe, which makes them net exporters, but Chinese players are increasing their manufacturing capacities to meet the demand in East Asia & South Asia.
Established players and new investors are focusing on promotional activities to increase awareness and use of ethoxypropanol-based products. A few multinational companies dominate the ethoxypropanol market but growing demand from developing countries has changed the dynamics of the market.
The research report presents a comprehensive assessment of the Ethoxypropanol market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Ethoxypropanol market segments such as geographies, application and industry.
The Ethoxypropanol report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Ethoxypropanol market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Ethoxypropanol market segments and geographies.
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