Stay abreast of the latest trends and developments in the Propanol market, including sales outlook, demand forecast, and industry challenges

Growing Use as Solvent in Pharmaceuticals and Personal Care Products Propelling Market Expansion

Category: Chemicals & Materials


ID: CVC-20063


Format: PDF+Excel Dataset


Published Date: Feb-23


Pages: 275

Report Highlights

According to a research survey conducted by ChemView Consulting, Propanol Market is estimated to be worth US$ 3,198.58 Mn in 2023. The market is expected to grow at a CAGR of 3.20% between 2023 and 2033 to hit US$ 4,382.82 Mn by 2033 end.

Key Market Trends

Revolutionizing Propanol Production: The Power of AI and IoT

Propanol, also known as Isopropyl Alcohol (IPA), is a widely used solvent and cleaning agent in various industries. With the increasing demand for propanol, there is a need for a more efficient and sustainable production process. The integration of Artificial Intelligence (AI) and Internet of Things (IoT) technologies can revolutionize propanol production by optimizing the entire process from raw material sourcing to final product delivery. AI-powered analytics can provide real-time insights to enhance production efficiency, reduce waste, and minimize downtime. IoT sensors can monitor and control the production process to ensure quality and safety standards are met. With these technologies, the propanol market can expect to witness a significant boost in production capacity and cost-effectiveness.

From Solvent to Solution: Propanol as a Renewable Energy Source

As the world transitions towards a sustainable future, there is a growing interest in finding alternative energy sources to replace fossil fuels. Propanol has been identified as a potential renewable energy source due to its high energy density and low toxicity. With the advancements in propanol production and storage technologies, it is now possible to utilize propanol as a fuel for various applications such as transportation and power generation. Propanol-based fuel cells have shown promising results in terms of energy efficiency and environmental impact. In addition, propanol can be produced from renewable sources such as biomass and waste, making it a truly sustainable solution. The propanol market can expect to see a surge in demand for propanol as a renewable energy source, leading to new opportunities for growth and innovation.

Market Drivers

Rising Demand for Chemical Intermediates to Drive the Propanol Market Growth

Propanol, also known as 1-propanol or n-propanol, is a clear, colorless alcohol commonly used as a solvent in various industrial applications. One of the key market drivers for the propanol market is the increasing demand for chemical intermediates, such as propyl acetate and propylene glycol, which are used in the production of various end-use products, including coatings, adhesives, and pharmaceuticals. The growth in these industries, particularly in emerging economies, is expected to drive the demand for propanol.

Stringent Environmental Regulations to Boost the Demand for Bio-based Propanol

Propanol can be derived from both petroleum-based and bio-based sources. The increasing focus on sustainability and environmental regulations is expected to boost the demand for bio-based propanol in the coming years. Bio-based propanol is produced from renewable resources, such as corn and sugarcane, and is considered a more sustainable alternative to petroleum-based propanol.

Segmentation Insights

After conducting a thorough analysis of the Propanol Market, we have identified the top three trending segments in the industry. These segments are witnessing high demand, strong market growth, and extensive adoption.

Most Popular (Fastest Growth Rate)

Isopropanol (Solvent)

Isopropanol has emerged as the most popular choice in the Propanol Market as a solvent. This compound is known for its excellent solubility properties and is extensively used in the chemical and manufacturing industries. Its versatility, low toxicity, and fast-evaporating properties make it an ideal solvent for cleaning agents, disinfectants, and other industrial applications.

Most Selling (Largest Market Share)

N-Propanol (Chemical Intermediate)

N-Propanol is the most selling product in the Propanol Market as a chemical intermediate. This compound is a versatile chemical that is used in the production of various chemicals, including propylene glycol, n-propyl acetate, and glycol ethers. The high demand for these chemicals in various end-use industries, such as pharmaceuticals, paints and coatings, and printing inks, is driving the growth of N-Propanol in the market.

Trending (Gaining Traction)

Isopropanol (Household and Personal Care Products)

Isopropanol is gaining significant traction in the Propanol Market for household and personal care products. This compound is commonly used in the production of hand sanitizers, disinfectants, and other household cleaning products due to its strong antimicrobial properties. The increasing awareness of hygiene and cleanliness among consumers is driving the growth of Isopropanol in this segment of the market.

Regional Insights

Growing Awareness about Green Products to Drive Asia Pacific Propanol Market

The Asia Pacific Propanol market is poised to witness substantial growth over the coming years, driven by the increasing awareness about the benefits of green products. Propanol is a key raw material used in the production of bio-based chemicals, which are gaining popularity among consumers due to their eco-friendliness and sustainability. The governments of various countries in the region are also promoting the use of bio-based chemicals by offering subsidies and tax incentives, which is further boosting the propanol market. In addition, the increasing demand for biofuels in the region is also expected to drive the market growth, as propanol is used as a fuel additive in biofuels.

Growing demand for eco-friendly solvents driving North America Propanol Market

The North America Propanol Market is witnessing significant growth due to the increasing demand for eco-friendly solvents. Propanol, also known as Isopropanol, is widely used as a solvent in various applications, including coatings, inks, adhesives, and personal care products. Its environmentally friendly properties, such as low VOC emissions and biodegradability, are driving its adoption in various industries.

Report Includes

Market Size Data

  • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
  • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
  • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
  • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
  • Incremental dollar opportunity generated in the forecast period would be indicated
  • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

Market Background

  • Macroeconomic factors that impact the market developments
  • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
  • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
  • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
  • Trade analysis and analysis of key supply and demand hubs
  • Identification of hotbed opportunities existing in the market
  • Porter’s and PEST analysis to understand the business environment of the geography
  • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

Pricing Analysis

  • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
  • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
  • Cost teardown analysis and key factors impacting pricing

Value Chain Analysis

  • Country-wise list of raw material suppliers
    • Raw material price trends and buyers’ sentiment
    • Overview of Intelligent Sourcing Technique
    • Raw material procurement requirements
    • Vendor selection criteria
  • Country-wise list of product manufacturers
  • Country-wise list of distributors/traders
  • Country-wise list of end-users
    • End-Users/Customers consumption mapping
    • Key End-Users/Customers client list
  • Country-wise list of other key channel partners
  • Average profitability margins
  • Regional value chain dynamics

Competition Analysis

    • Market shares and production capacities of key players
    • Tier structure analysis of market
    • Comprehensive competition dashboard representing the top 10-15 players in the market
    • Individual company profiles of top 15 to 20 manufacturers
      • Business Overview
      • Product Portfolio
      • Key Financials
      • Recent Developments
      • SWOT Analysis
      • Strategies

Research Scope/Taxonomy
Market Analysis by Types :

  • N-Propanol
  • Isopropanol

Market Analysis by Application :

  • Solvent
  • Chemical Intermediate
  • Pharmaceutical
  • Household and Personal Care Products
  • Others

Market analysis by region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle East & Africa
  • East Asia
  • South Asia & Pacific

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

Key Companies Profiled

  • The Dow Chemical Company
  • ExxonMobil Corporation
  • Sasol Limited
  • Royal Dutch Shell Plc
  • Eastman Chemical Company
  • Mitsui Chemicals, Inc.
  • LG Chemicals Limited
  • Zhejiang Xinhua Chemical Co Ltd.
  • Oxea GmbH
  • ISU Chemical Co Ltd.
  • LCY Chemical Corp.
  • Deepak Fertilizers and Petroleum Corporation Limited
  • CNPC Northeast Refining & Chemical Engineering Company Limited (PetroChina Co. Ltd.)

Why Choose CVC Market Research?;

  • Specialized market research company
  • Impeccable and deep industry expertise
  • Wide range of offerings
  • Robust research methodology and statistical models with least deviation
  • Extensive reports and full-service consulting
  • Expert panel sanctioned industry outlook
  • Growth dynamics for calculated investments
  • Tri-level quality guarantee
  • 6 months unlimited post-sales support
  • Regular planned and contracted report updates

1. Executive Summary
1.1. Global Market Snapshot
1.2. Key Success Factors
1.3. Strategic Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definitions
3. Research Methodology
3.1. Preliminary Investigation & Research Design
3.2. Secondary Research & Primary Research
3.3. Data Analysis & Econometric Modelling
3.4. Expert Data Validation
4. Key Emerging Trends Analysis
4.1. Supply-Side Trends
4.2. Demand-Side Trends
5. Global Propanol Market Value (US$ Mn) and Volume (Tons) Analysis
5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032
5.2. Incremental $ Opportunity Index, 2022-2032
5.3. Global Market Volume (Tons) Analysis, 2017 – 2032
6. Global Propanol Market Pricing Analysis
6.1. Regional Level Pricing Analysis and Forecast
6.1.1. Manufacturers Level Pricing
6.1.2. Distributor Level Pricing
6.2. Global Pricing Analysis Benchmark
6.3. Cost Breakdown Analysis
7. Cross-Sectional Analysis
7.1. Cross Analysis of Type W.R.T. Application
8. Supply Vs. Demand Analysis
8.1. Regional Supply Vs. Demand Gap Assessment
8.2. Top Producing Countries Analysis
9. Market Background
9.1. Macroeconomic Factors
9.2. Forecast Factors
9.3. Market Dynamics
9.3.1. Driver
9.3.2. Restraint
9.3.3. Opportunity
9.4. Supply Chain Analysis
9.4.1. List Raw Material Suppliers
9.4.2. List of Manufacturers
9.4.3. List of Distributors
9.4.4. List of End-Users
9.4.5. End-Users Consumption Analysis
9.4.6. Average Profitability Margin Analysis
9.5. Covid-19 Impact Assessment
9.5.1. Economy/Cluster Projections
9.5.2. Covid-19 Economic Assessment
9.5.3. Impact on Target Market
9.5.4. Recovery Scenario
9.6. Regulatory Framework
9.6.1. Regulations of Key Countries
9.6.2. Potential Impact of Regulations
9.7. Porter’s Five Forces Analysis
9.8. Technology Landscape
10. Global Propanol Market 2017 – 2032 By Type
10.1. Introduction
10.2. Key Market Trends
10.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Type [Value (US$ Mn) and Volume (Tons) Analysis]
10.3.1. N-Propanol
10.3.2. Isopropanol
10.4. Market Attractiveness Analysis by Type
11. Global Propanol Market 2017 – 2032 by Application
11.1. Introduction
11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]
11.2.1. Solvent
11.2.2. Chemical Intermediate
11.2.3. Pharmaceutical
11.2.4. Household and Personal Care Products
11.2.5. Others
11.3. Market Attractiveness Analysis by Application
12. Global Propanol Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032 by Region
12.1. Introduction
12.2. Key Market Trends
12.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. Asia-Pacific
12.3.5. Middle East
12.3.6. Africa
12.4. Market Attractiveness Analysis by Region
13. North America Propanol Market Historical Analysis 2017 – 2021 and Forecast 2022-2033
13.1. Introduction
13.2. Key Market Trends
13.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
13.3.1. By Country U.S. Canada
13.3.2. By Type
13.3.3. By Application
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Type
13.4.3. By Application
14. Latin America Propanol Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
14.1. Introduction
14.2. Key Market Trends
14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
14.3.1. By Country Brazil Mexico Rest of Latin America
14.3.2. By Type
14.3.3. By Application
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Type
14.4.3. By Application
15. Europe Propanol Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
15.1. Introduction
15.2. Key Market Trends
15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
15.3.1. By Country Germany Italy France UK Spain Netherlands Norway Russia Rest of Europe
15.3.2. By Type
15.3.3. By Application
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Type
15.4.3. By Application
16. Asia-Pacific Propanol Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
16.1. Introduction
16.2. Key Market Trends
16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
16.3.1. By Country China Japan South Korea India Indonesia Thailand Vietnam Australia & New Zealand Rest of Asia-Pacific
16.3.2. By Type
16.3.3. By Application
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Type
16.4.3. By Application
17. Middle East Propanol Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
17.1. Introduction
17.2. Key Market Trends
17.3. Pricing Analysis
17.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
17.4.1. By Country Saudi Arabia Turkey U.A.E. Rest of the Middle East
17.4.2. By Type
17.4.3. By Application
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Type
17.5.3. By Application
18. Africa Propanol Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
18.1. Introduction
18.2. Key Market Trends
18.3. Pricing Analysis
18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
18.4.1. By Country South Africa Nigeria Egypt Rest of Africa
18.4.2. By Type
18.4.3. By Application
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Type
18.5.3. By Application
19. Competition Analysis
19.1. Tier Structure Breakdown
19.2. Market Share Analysis
19.3. Type Capacity Analysis
19.4. Company Footprint Analysis
19.4.1. Product Footprint of Players
19.4.2. Regional Footprint of Players
19.4.3. Channel Footprint of Players
19.5. Brand Preference Analysis
19.6. Competition Dashboard
20. Company Profiles
20.1. BASF SE.
20.1.1. Company Overview
20.1.2. Product & Financial Portfolio
20.1.3. Manufacturing Facilities
20.1.4. Recent Developments
20.1.5. SWOT Analysis
20.1.6. Strategy Overview
20.2. The Dow Chemical Company
20.3. ExxonMobil Corporation
20.4. Sasol Limited
20.5. Royal Dutch Shell Plc
20.6. Eastman Chemical Company
20.7. Mitsui Chemicals, Inc.
20.8. LG Chemicals Limited
20.9. Zhejiang Xinhua Chemical Co Ltd.
20.10. Oxea GmbH
20.11. ISU Chemical Co Ltd.
20.12. LCY Chemical Corp.
20.13. Deepak Fertilizers and Petroleum Corporation Limited
20.14. CNPC Northeast Refining & Chemical Engineering Company Limited (PetroChina Co. Ltd.)
21. Assumptions and Acronyms

User License

Datapack Only
Report + Datapack

Only Pay for What You Need

Customize Your Report by Choosing Insights You Need and Pay Accordingly

Consulting Services

Allow Us to Create and Deliver an Engagement That Exactly Meets Your Requirements and Expectations

We Accept

Chem view Chem view Chem View Chem view
Chem View

Safe & Secure Payments

Let us Help You!

Facing issues finding the exact research to meet your business needs? Let us help you! One of our Research Executives will help you locate the research study that will answer your concerns.

Connect with Us!

    Let us Help you!

    Facing issues finding the exact research to meet your business needs? Let us help you! One of our Research Executives will help you locate the research study that will answer your concerns.

    Speak to Analyst

    Connect with Us!