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Propargyl Alcohols Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 - 2023

Pre Book Price: $ 5216

Original Price: $ 5795

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 
  • Europe
  • 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 


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