Torrance, California, USA – According to the latest study from MarkWide Research N-Propanol Market Average annual growth (CAGR) of 4.24 percent is forecast for the years between 2022 and 2030.

N-Propanol (also known as 1-propanol, n-propanol alcohol, propan-1-ol, propyl alcohol) is one of the primary alcohols in which the H atom is attached to the carbon atom of a primary atom of a molecule. There are two isomers of propanol, one being n-propanol and the other being 2-propanol. It is an odorless, colorless, clear liquid that has a pungent note comparable to the aroma of rubbing alcohol, which is characterized by a sharp, musty odor.

This formulation of 1-Propanol is widely used as a solvent not only in the manufacture of pharmaceuticals, cosmetics, coatings and consumer products, but also as a chemical intermediate in a variety of other applications. It is freely miscible with water and freely miscible with all common solvents including glycols, ketones, alcohols, aldehydes and ethers.

IMPORTANT MARKET INSIGHTS

• The building and construction industry as well as the automotive industry are driving the growth of the paints and coatings market as they have an increasing demand for paints and coatings.
• Due to rapid industrialization and urbanization in emerging markets, alcohol consumption is projected to increase sharply in the coming years.
• Another driver of market growth will be the fact that the food and cosmetics industries are increasingly incorporating n-propanol alcohol into their flavor and fragrance formulations.
• For the aroma and fragrance of products such as beer and perfumes, n-propyl alcohol is commonly used. Due to the high emissions of volatile organic compounds and the associated environmental hazards, the growth of the market will decrease.
• During the outbreak of COVID-19, demand for the product fell in the auto and construction sectors; However, an increase in demand from …