Propargyl Alcohol Market: By Product (Purity ?90%, and Purity >90%), End User (Chemical Intermediate, Rust Remover, Oilfields, Paints and Coatings Industry, Personal Care and Hygiene, and Others), and Geography  

Propargyl Alcohol Market size was valued at US$ X Bn in 2022, growing at a significant CAGR of X % from 2023 to 2029, estimated to reach at US$ X Bn by 2029. Propargyl alcohol is a colorless viscous liquid organic compound comprising of an alkyne functional group. Propargyl alcohol is miscible with quite a few popular organic solvents as well as water. Propargyl alcohol is frequently used as an intermediate in the handing out of various industrial chemicals. This is also used as a corrosion inhibitor constituent in the manufacture of several industrial products. propargyl alcohol is used for the synthesis of pesticides, and antibiotics, as an iron dissolution inhibitor in mineral acids, and as a forerunner to fungicides among others. Propargyl alcohol is used in industrial as well as automotive paints and coatings across the globe.

The extensive demand for propargyl alcohol will surely expand the market size in upcoming years. Also, the rising demand for automobiles across the globe is expected to drive the market for automotive paints and coatings, thus subsequently driving the market for propargyl alcohol in the coming years. next years. Increased awareness for establishing many industries among new players lead to an increase in the demand for the Propargyl Alcohol Market across the globe over the forecasted period. As a result, the market for Propargyl Alcohol will have a chance to expand their market by the increment of end users with time. During COVID-19, all types of industries get closure which created a negative impact on the propargyl alcohol market. Furthermore, with variety of products in the upcoming time will lead to a path to expand the market globally.