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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Propanol (Isopropanol and N-Propanol) Market Outlook

The global propanol (isopropanol and n-propanol) market size reached approximately USD 3.23 billion in 2023. The market is projected to grow at a CAGR of 3.8% between 2024 and 2032, reaching a value of around USD 4.53 billion by 2032.

Key Trends in the Market

Propanol, also known as 1-propanol or n-propanol, is a type of alcohol. It is a colourless, flammable liquid with a slightly sweet odour. The molecular formula of propanol is written as C3H80 or C3H7OH. Isopropanol (or isopropyl alcohol) and n-propanol are two isomeric forms of alcohol.

Isopropanol has a branched molecular structure and is commonly used as a disinfectant, antiseptic, and solvent. It is commonly used in personal care products and cosmetics. Meanwhile, n-propanol has a linear molecular structure and is widely used in industrial applications, such as the production of paints, coatings, and chemicals.

  • The rapid expansion of the construction and automotive sectors is one of the major factors propelling the global propanol (isopropanol and n-propanol) market demand. N-propanol finds extensive use in the paints and coatings sector as a solvent. With the construction and automotive sectors witnessing growth in various regions, the demand for paints and coatings has surged, consequently driving the demand for n-propanol.
  • Propanol (particularly isopropanol) serves as a as a key ingredient in certain medical products. Numerous emerging economies are increasing their healthcare spending owing to the rising prevalence of chronic diseases and product innovations. As countries around the world focus on the development of the pharmaceutical and medical sectors, the propanol (isopropanol and n-propanol) market growth is expected to surge due to the heavy reliance of the end use sector on propanol.
  • Environmental awareness and stringent regulations regarding volatile organic compound (VOC) emissions present itself as major market trends, prompting a shift towards relatively non-toxic alternatives for certain chemicals. In response, manufacturers are actively engaged in the exploration of sustainable production methodologies and the creation of propanol-based products designed to minimise environmental impact.

Market Analysis

Based on product type, the market can be segmented into n-propanol and isopropanol. The global propanol (isopropanol and n-propanol) market segmentation, based on end-use, includes pharmaceutical, chemical, personal care, printing inks, and paints and coatings, among others. The major regional markets for propanol (isopropanol and n-propanol) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global propanol (isopropanol and n-propanol) market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

  • BASF SE 
  • The Dow Chemical Company 
  • Eastman Chemical Company 
  • Exxon Mobil Corporation 
  • Shell International B.V. 
  • Honeywell International Inc. 
  • Solvay S.A. 
  • LG Corporation 
  • Sasol Limited 
  • Tokuyama Corporation
  • Others

Market Share by Product Type

According to the global propanol (isopropanol and n-propanol) market analysis, isopropanol is expected to witness increased demand during the forecast period owing to its antibacterial qualities and low chemical reactivity, which is highly demanded in certain applications.

Isopropyl alcohol is extensively used in the formation of cleaning solutions and with the increasing awareness related to household hygiene, the demand for the chemical is likely to surge. Additionally, the expansion of industries like personal care and cosmetics that require propanol for certain applications, especially in emerging countries is expected to favour the market growth.

Market Share by End-Use

Personal care products are expected to account for a major portion of the propanol (isopropanol and n-propanol) market share owing to the extensive utilisation of isopropanol in products such as perfumes, hair sprays, and nail polish removers. The trend towards ‘better-for-you’ cosmetic products with cleaner ingredients is likely to contribute to the demand for propanol, as it is considered a relatively safer alternative compared to other synthetic preservatives and formaldehyde.

Competitive Landscape

BASF SE, also known as Badische Anilin- und Sodafabrik, is a European multinational chemical production company. The company operates with a focus on sustainability and environmental protection. Its product portfolio comprises six segments, including chemicals, materials, industrial solutions, surface technologies, nutrition and care, and agricultural solutions.

The Dow Chemical Company is one of the most prominent chemical manufacturing companies in the world. Since its foundation in 1897, the company has developed a vast product portfolio, including chemical, plastic, and agricultural products. It operates in various segments including Performance Materials and Coatings, Industrial Intermediates and Infrastructure, Packaging and Speciality Plastics, and Agriculture.

Eastman Chemical Company is a renowned multinational speciality materials company engaged in the production of a wide range of advanced materials, chemicals, and fibres. The company delivers innovative products and solutions while maintaining a focus on safety and sustainability. Established in 1920 and headquartered in Tennessee, United States of America, Eastman has grown to become a global leading figure in the chemical sector.

Other major players in the global propanol (isopropanol and n-propanol) market include Exxon Mobil Corporation, Shell International B.V., Honeywell International Inc., Solvay S.A., LG Corporation, Sasol Limited, and Tokuyama Corporation, among others.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • End Use
  • Region
Breakup by Product Type
  • N-propanol
  • Isopropanol
Breakup by End Use
  • Pharmaceutical
  • Chemical
  • Personal Care
  • Printing Inks
  • Paints and Coatings
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • BASF SE 
  • The Dow Chemical Company 
  • Eastman Chemical Company 
  • Exxon Mobil Corporation 
  • Shell International B.V. 
  • Honeywell International Inc. 
  • Solvay S.A. 
  • LG Corporation 
  • Sasol Limited 
  • Tokuyama Corporation
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 3.23 billion.

The market is projected to grow at a CAGR of 3.8% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 4.53 billion by 2032.

The market is driven by the increasing demand for the product from major end use sectors like paints and coatings and pharmaceuticals and the rapid industrialisation.

The growing use of isopropanol in personal care products which are increasingly being consumed by today’s generation, supported by rising disposable income and increasing beauty consciousness, is expected to support the market expansion.

The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The different end-uses are pharmaceutical, chemical, personal care, printing inks, and paints and coatings, among others.

The key players in the market include BASF SE, The Dow Chemical Company, Eastman Chemical Company, Exxon Mobil Corporation, Shell International B.V., Honeywell International Inc., Solvay S.A., LG Corporation, Sasol Limited, and Tokuyama Corporation, among others.

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63 Fiona Drive, Tamworth, NSW

+61-448-061-727

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+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

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