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Global Propanol (Isopropanol and N-Propanol) Market Share: By Product Type: N-propanol, Isopropanol; By End Use: Pharmaceutical, Chemical, Personal Care, Printing Inks, Paints and Coatings, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
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:
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| Breakup by Product Type |
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| Breakup by End Use |
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| Breakup by Region |
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| 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 Opportunities and Challenges in the Market
8 Global Propanol (Isopropanol and N-Propanol) Market Analysis
8.1 Key Industry Highlights
8.2 Global Propanol (Isopropanol and N-Propanol) Historical Market (2018-2023)
8.3 Global Propanol (Isopropanol and N-Propanol) Market Forecast (2024-2032)
8.4 Global Propanol (Isopropanol and N-Propanol) Market by Product Type
8.4.1 N-propanol
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Isopropanol
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Propanol (Isopropanol and N-Propanol) Market by End Use
8.5.1 Pharmaceutical
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Chemical
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Personal Care
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Printing Inks
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Paints and Coatings
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Propanol (Isopropanol and N-Propanol) Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Propanol (Isopropanol and N-Propanol) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Propanol (Isopropanol and N-Propanol) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Propanol (Isopropanol and N-Propanol) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Propanol (Isopropanol and N-Propanol) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Propanol (Isopropanol and N-Propanol) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 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 Trade Data Analysis (HS Code – 290512)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 BASF SE
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 The Dow Chemical Company
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Eastman Chemical Company
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Exxon Mobil Corporation
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Shell International B.V.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Honeywell International Inc.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Solvay S.A.
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 LG Corporation
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Sasol Limited
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Tokuyama Corporation
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Propanol (Isopropanol and N-Propanol) Market: Key Industry Highlights, 2018 and 2032
2. Global Propanol (Isopropanol and N-Propanol) Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Propanol (Isopropanol and N-Propanol) Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Propanol (Isopropanol and N-Propanol) Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Propanol (Isopropanol and N-Propanol) Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Propanol (Isopropanol and N-Propanol) Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Propanol (Isopropanol and N-Propanol) Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Propanol (Isopropanol and N-Propanol) Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Propanol (Isopropanol and N-Propanol) Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Propanol (Isopropanol and N-Propanol) Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Propanol (Isopropanol and N-Propanol) Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Propanol (Isopropanol and N-Propanol) Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Propanol (Isopropanol and N-Propanol) Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Propanol (Isopropanol and N-Propanol) Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Propanol (Isopropanol and N-Propanol) Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Propanol (Isopropanol and N-Propanol) Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Propanol (Isopropanol and N-Propanol) Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Propanol (Isopropanol and N-Propanol) Market Structure
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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