Growing Use as Solvent in Pharmaceuticals and Personal Care Products Propelling Market Expansion
Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-20063 Format: PDF Pages: 275
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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Research Scope/Taxonomy
Market Analysis by Types :
Market Analysis by Application :
Market analysis by region:
Key Companies Profiled
1.1. Global Market Snapshot
1.2. Key Success Factors
1.3. Strategic Analysis and Recommendations
2.1. Market Taxonomy
2.2. Market Definitions
3.1. Preliminary Investigation & Research Design
3.2. Secondary Research & Primary Research
3.3. Data Analysis & Econometric Modelling
3.4. Expert Data Validation
4.1. Supply-Side Trends
4.2. Demand-Side Trends
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
6.1. 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
7.1. Cross Analysis of Type W.R.T. Application
8.1. Regional Supply Vs. Demand Gap Assessment
8.2. Top Producing Countries Analysis
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
10.1. 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
11.1. 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
12.1. 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
13.1. 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
13.3.1.1. U.S.
13.3.1.2. 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
14.1. 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
14.3.1.1. Brazil
14.3.1.2. Mexico
14.3.1.3. 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
15.1. 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
15.3.1.1. Germany
15.3.1.2. Italy
15.3.1.3. France
15.3.1.4. UK
15.3.1.5. Spain
15.3.1.6. Netherlands
15.3.1.7. Norway
15.3.1.8. Russia
15.3.1.9. 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
16.1. 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
16.3.1.1. China
16.3.1.2. Japan
16.3.1.3. South Korea
16.3.1.4. India
16.3.1.5. Indonesia
16.3.1.6. Thailand
16.3.1.7. Vietnam
16.3.1.8. Australia & New Zealand
16.3.1.9. 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
17.1. 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
17.4.1.1. Saudi Arabia
17.4.1.2. Turkey
17.4.1.3. U.A.E.
17.4.1.4. 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
18.1. 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
18.4.1.1. South Africa
18.4.1.2. Nigeria
18.4.1.3. Egypt
18.4.1.4. 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
19.1. 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
20.1. 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.)