The global methoxy propanol market is forecast to reach USD 994.1 Million by 2027, according to a new report by Reports and Data. 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. 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.

Asia Pacific region is forecasted to grow the fastest with the highest growth rate of 6.4% in the period 2019 - 2027, owing to high market penetration in paints coatings and electronics applications coupled with the extensive demand for the automotive coolants, especially in the regions like India and China.

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Key participants include 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 findings from the report suggest

• 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. 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. 
• 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.
• North America is forecasted to witness a significant growth in the overall market, with 25.7% of market possession by 2027 and CAGR of 6.1% during the forecast period. US possesses the highest market share in this region.

For the purpose of this report, Reports and Data have segmented the global methoxy propanol market on the basis of the end-use, sales channel, applications, and region:

End-Use Outlook (Revenue: USD Million; Unit: Kilo Tons 2016-2027)

• Direct Solvent
• Chemical Intermediate
• Coalescing Agent
• Pesticides
• Chemical Reagents
• Others

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Sales Channel Outlook (Revenue: USD Million; Unit: Kilo Tons 2016-2027)

• Online Retailing
• Offline Retailing

Applications Outlook (Revenue: USD Million; Unit: Kilo Tons 2016-2027)

• Industrial Use
• Paints and Coatings
• Electronics Industry
• Automotive Use
• Others

Regional Outlook (Revenue: USD Million; Unit: Kilo Tons 2016-2027)

• North America
• U.S.
• Europe
• UK
• France
• Asia Pacific
• China
• India
• Japan
• MEA
• Latin America
• Brazil

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