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Global N-Propanol Market Share, Analysis, Growth, Forecast: By Preparation Method: Ethylene Hydrogenation Method, Allyl Alcohol Hydrogenation Method, Compound Byproduct Method; By Application: Coatings, Food Additive, Pharmaceutical, Cosmetics, Agriculture, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global N-Propanol Market Outlook
The global n-propanol market size is projected to grow at a CAGR of 4.20% between 2024 and 2032.
Key Takeaways
- The demand for n-propanol in the pharmaceutical sector has increased, particularly for use as a solvent in drug formulation.
- Industrial expansion in developing countries in the Asia Pacific is expected to be key trend supporting the n-propanol market developments.
- There is a focus on improving the production process of n-propanol to enhance yield and reduce environmental impact.
N-propanol or n-propyl alcohol is a primary alcohol which typically is in the form of a colourless and clear liquid with a strong odour. It is used widely in cosmetics, pharmaceuticals, and dyeing industries as a solvent and an intermediate product. It is an excellent cleaning and disinfecting agent, finding wide applications in hand sanitisers. Owing to its semi-volatile nature, it is used as a drying agent in coating and paint sectors. N-Propanol is also used as a starting material and intermediate in insecticide and herbicide production.
There is a growing consciousness about cleanliness and personal hygiene, particularly to prevent the spread of infections. Being a widely used component in the production of hand sanitisers, disinfectants, and detergents, N-propanol market growth is expected to see an upward trend during the forecast period. Environmental concerns and fluctuations in oil prices are encouraging scientific research into alternative fuels. N-Propanol is expected to see a gradual adoption as a fuel in developed countries. The use of N-Propanol as a fuel additive, contributing to lower carbon emissions while improving the performance of internal combustion engines will also likely shape the future of the global market.
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Key Trends and Developments
Sustainability and environmental compliance; versatility in applications; and increase in research and development activities are the major trends impacting the n-propanol market expansion
March, 2024
BASF, a leading market player, announced that it has been chosen to enter negotiations for a USD 75 million funding opportunity from the U.S. Department of Energy (DOE).
March, 2024
Eastman Chemical, a provider of n-propanol, announced that it aims to construct a new molecular recycling facility in Texas, the United States.
February, 2024
Sasol Ltd and Air Liquide entered into their fourth joint power off-take agreement which entails the purchase of 110 MW of wind energy from a subsidiary of Italian utility Enel SpA in South Africa.
January, 2024
Nova Molecular Technologies announced a significant expansion with a USD 23.75 million investment to increase its production capabilities and enhance its high-purity solvent offerings.
Sustainability and environmental compliance
As environmental concerns grow, companies are investing in sustainable production methods of n-propanol.
Versatility in applications
The versatility of n-propanol as a solvent is leading to its increased use in newer applications such as hand sanitisers.
Increase in research and development activities
There is an increasing investment in research and development by major market players to improve the efficiency of n-propanol as a solvent.
Regulatory impact
Stringent regulations regarding VOC emissions and environmental sustainability are influencing the production and use of n-propanol.
N-Propanol Market Trends
The increasing use of n-propanol in hand sanitisers highlights its versatility as a solvent. N-propanol is highly effective as a solvent in formulations where it can dissolve other substances required in hand sanitisers, such as fragrances, oils, and other active ingredients. Its solvent properties ensure that these ingredients remain mixed and do not separate over time, maintaining the consistency and efficacy of the hand sanitiser.
Market players in n-propanol market are expanding their production capacities to meet the growing demand from end-use sectors. Nova Molecular Technologies announced a USD 23.75 million investment in January 2024 to expand its operations in Sumter County, the United States. The company is positioning itself to meet the growing demand for high-purity solvents, which are critical in various industries including pharmaceuticals, biopharma, and analytical applications.
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Market Segmentation
“N-Propanol Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Preparation Method
- Ethylene Hydrogenation Method
- Allyl Alcohol Hydrogenation Method
- Compound Byproduct Method
Market Breakup by Application
- Coatings
- Food Additive
- Pharmaceutical
- Cosmetics
- Agriculture
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The ethylene hydrogenation method accounts for a major n-propanol market share due to its cost-effectiveness
The ethylene hydrogenation method typically holds the highest market share in the production of n-propanol. It involves the hydrogenation of ethylene to produce n-propanol, which is a straightforward and cost-effective process, making it popular among major producers. This method's efficiency and lower cost of production compared to other methods make it the leading choice for n-propanol manufacturing.
Allyl alcohol hydrogenation method is anticipated to grow at a significant rate in the coming years. Although this method is more complex and might involve higher costs than the ethylene hydrogenation method, it offers advantages in terms of purity and yield that make it valuable for certain applications where higher-quality n-propanol is required.
The pharmaceutical sector maintains its dominance in the market owing to the rising usage of n-propanol as a solvent in pharmaceutical drugs
Pharmaceutical applications are likely to occupy a significant share of the n-propanol market. Its wide use as an intermediary for chemical synthesis and solvent in chemical processes in an expanding pharmaceutical market is expected to drive global market growth in the coming years. As an effective antimicrobial, it is widely used for skin antisepsis and for disinfecting hard surfaces.
N-Propanol is also considered effective and safe for use in preparing skin for operations and in handwashes for surgeons due to its excellent bactericidal activity. With an increasing number of surgeries performed globally, the demand for N-propanol market is expected to rise to prevent bacterial infections post-surgery. Moreover, N-propanol is also widely used as a solvent in the coatings sector because of its ability to dissolve various polymers and resins effectively.
Competitive Landscape
The market players are increasing their collaboration and research and development activities to gain a competitive edge in the n-propanol market
BASF SE, founded in 1865 and headquartered in Germany, is one of the largest chemical producers in the world and produces a wide range of petrochemicals.
Eastman Chemical Company, headquartered in Tennessee in the United States and founded in 1920, is one of the leaders in making speciality materials for driving innovation across industrial sectors.
Sasol Limited, established in 1950, is a leading energy and chemical company that specialises in the production of chemicals, mobility fluids, and sustainable fluids.
The Dow Chemical Company, headquartered in Michigan, United States is a prominent American multinational corporation known for its diversified chemical manufacturing.
Other market players include LG Chem, Solvay S.A., and Dairen Chemical Corporation, among others.
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N-Propanol Market Analysis by Region
The Asia Pacific region is projected to be a significant contributor to the growth of the global market in the forecast period due to the presence and proliferation of pharmaceuticals, paints and coatings, and cosmetics-producing units. In countries such as China and India, there is an increase in manufacturing capacities to meet growing consumption requirements both domestically and for exports.
Expansion of the agricultural sector in the region, to meet the increasing demand for food for a growing population is expected to increase the demand for N-Propanol in the form of herbicides and pesticides. Improvements in healthcare infrastructure and general awareness regarding hygiene and disinfection are also expected to contribute to the demand for N-Propanol. India would also require greater volumes of N-Propanol for its growing pharmaceutical sector.
The n-propanol market in North America is characterised by robust demand across various applications. North America has a strong industrial base, with significant demand for n-propanol as a solvent in the production of coatings, adhesives, inks, and cleaning agents.
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:
|
| Breakup by Preparation Method |
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| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global N-Propanol Market Analysis
8.1 Key Industry Highlights
8.2 Global N-Propanol Historical Market (2018-2023)
8.3 Global N-Propanol Market Forecast (2024-2032)
8.4 Global N-Propanol Market by Preparation Method
8.4.1 Ethylene Hydrogenation Method
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Allyl Alcohol Hydrogenation Method
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Compound Byproduct Method
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global N-Propanol Market by Application
8.5.1 Coatings
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Food Additive
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Pharmaceutical
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Cosmetics
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Agriculture
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global N-Propanol Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America N-Propanol Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe N-Propanol Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific N-Propanol Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America N-Propanol Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa N-Propanol Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 BASF SE
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Eastman Chemical Company
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Sasol Limited
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 The Dow Chemical Company
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 LG Chem
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Solvay S.A.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Dairen Chemical Corporation
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global N-Propanol Market: Key Industry Highlights, 2018 and 2032
2. Global N-Propanol Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global N-Propanol Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global N-Propanol Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global N-Propanol Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global N-Propanol Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global N-Propanol Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America N-Propanol Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America N-Propanol Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe N-Propanol Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe N-Propanol Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific N-Propanol Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific N-Propanol Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America N-Propanol Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America N-Propanol Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa N-Propanol Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa N-Propanol Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global N-Propanol Market Structure
Key Questions Answered in the Report
The global market for N-Propanol is expected to grow at a CAGR of 4.20% between 2024 and 2032.
The major drivers of the market include usage in pharmaceutical and disinfecting applications, expansion of industrial manufacturing units, and growing demand for effective herbicides and insecticides in agriculture.
Surge in the use of N-Propanol as a solvent and intermediary for chemical synthesis in pharmaceutical production, environmental concerns encouraging shift towards cleaner fuels by adding n-propanol, and applications in household cleaning products are key trends in the n-propanol market.
The major players in the market are BASF SE, Eastman Chemical Company, Sasol Limited, The Dow Chemical Company, LG Chem, Solvay S.A., and Dairen Chemical Corporation, among others.
The major regional markets for N-Propanol are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The primary preparation methods for N-Propanol are the ethylene hydrogenation method, ally alcohol hydrogenation method, and compound by product method.
The various applications of n-propanol include coatings, food additive, pharmaceutical, cosmetics, and agriculture, among others.
Exposure to N-Propanol in high concentrations can result in drowsiness, headaches, dizziness, nausea, vomiting, and confusion.
Yes, N-Propanol is soluble in water due to the presence of a hydroxyl group at the end of its molecule chain.
N-Propanol is also known as propyl alcohol, n-propanol alcohol, 1-propanol, and propan-1-ol.
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