N-propanol has Broad Application Market Size was 922 M USD in 2022

The Application of N-propyl Alcohol has Obvious Advantages and Broad Prospects

In recent years, with the rapid development of coatings, spray paints, inks, adhesives, and other industries, as well as the continuous improvement of environmental protection requirements, downstream industries have limited use of triphenyl solvents that are not easily degraded in the environment. Acetate solvents are used to replace triphenyl solvents, so the market demand for acetate products is increasing. In recent years, driven by the development of downstream coatings, spray paints, inks, adhesives, and other industries, as well as stricter environmental protection policies, the consumption of low-toxic n-propanol has continued to grow. The application advantages of n-propanol are obvious. In the future, with the continuous improvement of environmental protection requirements in the coating industry, n-propanol is expected to replace n-butanol, isopropanol, and acetate as the most important solvent in the coating field. The market development prospect is bright.

Global N-Propanol market size was around 922.37 M USD in 2022, CAGR of 3.6% from 2022-2028.

N-Propanol is in the chemical industry and is subject to stricter environmental protection policy supervision. With the increasing requirements of various countries for environmental protection, governments of various countries will likely promulgate higher environmental protection standards. If environmental protection standards are raised, n-propanol manufacturing companies will further

increase their investment in environmental protection facilities and daily operation management, which will affect the company\'s profitability. Some of the raw materials, semi-finished products or finished products required to produce the n-propanol chemical industry are flammable, explosive, corrosive or toxic substances, and the production process of the product requires relatively high technical operations. The risk of safety accidents caused by improper operation, machine equipment failure, or force majeure natural factors cannot be ruled out. The main raw material

required to produce n-propanol is the basic chemical raw material, and the price is closely related to the price of petroleum products and the relationship between market supply and demand. Price fluctuations in the global oil market will bring about fluctuations in the purchase price of basic chemical products, and the imbalance of market supply and demand will also affect the price of n- propanol raw materials.