1-Methoxy-2Propanol Acetate
Market
1-Methoxy-2-Propanol Acetate Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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1-Methoxy-2-Propanol Acetate Market Size and Growth
The 1-Methoxy-2-Propanol Acetate market is experiencing steady growth, driven by its applications in coatings, inks, and cleaning products. The global market size is projected to reach approximately $600 million by 2027, reflecting a compound annual growth rate (CAGR) of around 5% due to increasing industrial demand and eco-friendly solvent alternatives.
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Companies Covered
(Covid 19 Impact Covered)
◍ Dow
◍ Shell Chemicals
◍ Daicel Corporation
◍ Arcane Industries
◍ LyondellBasell
◍ SincereChemical
◍ TNJ Chemical
◍ Shiny Chemical Industrial
◍ Anyang General Chemical
◍ Capot Chemical
◍ Haihang Industry
The 1-Methoxy-2-Propanol Acetate market features major players like Dow, Shell Chemicals, and LyondellBasell, focusing on solvent applications in coatings and inks. Companies innovate and expand production capacities, enhancing market growth. Key players’ contributions include:
- Dow: $50 billion (2022)
- Shell Chemicals: $25 billion (2022)
- LyondellBasell: $15 billion (2022)
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Market Segmentation
By Application
Inks
Coatings
Electronics
Others
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By Product
Purity≥98%
Purity≥99%
Market Growth
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$ X Billion USD
