Propanol Market Size, Share & Trends Analysis, By Type (Isopropyl Alcohol, N-Propanol), By Application (Solvent, Chemical Intermediate, Pharmaceutical (Drug)), By Region and Forecast Period-2022 – 2030.

Report ID - MRC_1228 | Pages - 243 | Category - Petrochemicals

Propanol Market Overview

Propanol market size was worth USD 4.79 Billion in 2021, accounting for a CAGR of 6.6%during the forecast period (2022-2030), and the market is expected to be worth USD 8.51 Billion by 2030.

Propanol is a type of alcohol that is used in array of applications like it is used as solvent, cleaning agent, and fuel additive. It also functions as a crucial input in production of multiple chemicals and pharmaceutical products. Isopropanol and n-propanol are two main types of propanol. This market is driven by rising demand for isopropyl alcohols. Furthermore post COVID-19 pandemic, rise in hygiene and sanitization habits have resulted into augmented demand for hand sanitizers and other products. The propanol market is expected to experience gradual growth due to its industrial use as a solvent and in the production of specialty chemicals. It is estimated that numerous new Opportunities for manufacturers will arise due to the widespread use of propanol in the pharmaceutical and specialty chemicals industries.

How much is the Propanol Market worth ?

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For instance according To a report published by IBEF, the Indian pharmaceutical market was valued at USD 42.2 billion in 2021 and will most likely touch USD 64.8 billion  by  2024 and further will expand its reach to USD 120-130 billion by 2030 to become the largest provider of medicines to the world. These kind of positive market trends could we observed all of the world into pharma industries. Which have positive impact on the propanol demand.

Market Dynamics:

Propanol is a type of alcohol. It is a colorless liquid with a sweet, fruity smell and slightly bitter taste. Propanol is employed in variety of applications, such as it is used as a solvent, a cleaning agent, and a fuel additive. It is also a crucial ingredient in personal care industry additionally it is utilized in the production of chemicals as well as pharmaceutical products. Propanol is generally produced by hydrogenation reaction. Isopropanol and N-Propanol are main two types of propanol used across industries.

Driver:

High Demand from pharmaceutical and chemical industry particularly for isopropanol is propelling the demand higher. Additionally rising demand for cosmetics in APEC countries is expected to drive the demand higher at the same time raising awareness about personal hygiene especially after the COVID 19 outbreak has also pushed the demand for propanol higher as it is major constituent of sanitizers. Another major driver for this market is presented in the form of augmented demand from paint and coating industry owing to the continuous expansion of construction industry in developing nations like India and china. Aforementioned factors are some of the major drivers which are pushing this market towards new highs.

Restraint:

Health concerns associated with propanol based solvents acts as the main constraint in this markets growth. The volatile organic emissions from propanol based solvents could have several health implications like cracking skin, nausea, ataxia etc. These hazardous properties of propanol solvents have resulted into several restrictions levied by governments .Furthermore isopropyl is poisonous and could have fatal effects hence it could be dangerous in domestic applications. Due to aforementioned factors several new organic alternatives are being developed which could result into lesser demand for propanol.

 Covid-19 Impact:

 The propanol market had a significant impact due to COVID-19 pandemic just like several other markets and the leading factor was restriction imposed by governments all over the world. In order to curb the virus spread. These restrictions resulted into disruptions in production operations due to partial or complete shutdown of manufacturing facilities. Apart from this there were massive interruptions in global supply chains which affected the demand for several products which have propanol as active inputs all these factors resulted into halted demand for propanol. But if we analyze overall impact was minimal and the reason being drastic rise in the demand for propanol from medical industry specifically in order to manufacture sanitizers and disinfectants. Furthermore, it is estimated that this newly created demand is long term in nature as COVID 19 have had some permanent behavioral shifts in relation to hygiene habits.

Propanol Report Coverage:

Report AttributesReport Details
Study Timeline2016-2030
Market Size in 2030 (USD Billion)8.51 Billion
CAGR (2022-2030)6.6%
By Type Isopropyl Alcohol, N-propanol
By ApplicationSolvent, Chemical Intermediate, Pharmaceutical(drug), Household and Personal Care Products, Others
By GeographyNorth America, Europe,  Asia Pacific

Latin America, Middle East and Africa

Key PlayersDow Chemical Company, BASF Se, Royal Dutch Shell Plc, Eastman Chemical Company, Mitsui Chemicals Inc, China National Petroleum Corporation, Zhejiang Xinhua Chemical Co Ltd, Lg Chem Ltd, Oxea Gmbh, Lcy Chemical Corp, Isu Chemical Co Ltd

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Market Segmentation:

By Type

The type segment is divided into Isopropyl Alcohol and N-propanol. Among these types Isopropyl has the largest market share reason being its large number of applications in production of numerus chemical intermediates as well as in many end use products like cleaning agents, astringents, antiseptics etc. Additionally its antibacterial properties makes it suitable as an active input in development of sanitizers and disinfectants.

Rise in standard of living and disposable incomes in APEC region is further fueling the demand for isopropyl alcohol as it is actively used in cleaning agents and the demand for cleaning agents from general households is on gradual rise. On the other hand N- propanol have few specialized applications in development of alkyl halides and acetylated chemicals. These chemicals further have a plethora of applications in various end use industries like pharmaceuticals and specialty chemicals. This segment is estimated to witness a significant rise in coming years due to augmented investments by governments toward betterment of medical infrastructure. As well as rising awareness about health and wellbeing will also positively impact the demand.

 By Application

This application segment could be categorized into Solvent, Chemical Intermediate, Pharmaceutical (drug), Household and Personal Care Products & Others based on the applications. Within this segment the pharmaceutical (drug) had the largest market share in terms of revenue. The drugs developed from propanol derivate comes in numerous forms like oral liquid solution and injectable. Furthermore these drugs have applications in treatment of multiple health implications like hypertrophic subcortical, stenosis etc.

By Region                                                                        

The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa & Latin America. Asia Pacific region has the largest market share.  This regions it is estimated to be 40% of total market size in addition to this market is also showcasing significant growth owing to the exponential expansion of pharmaceutical and chemical industry in this region. Furthermore rising spending power have resulted into higher demand for good quality cleaning and disinfectants products further propelling the propanol demand.

North America and European markets will also show growth, the reason being high level of consumer awareness about hygiene and personal care hence boasting the demand for sanitizers and disinfectants additionally the COVID 19 have positively impacted the demand for propanol in this region.

Propanol Market Competitive Landscape:

The Propanol market has been analyzed in accordance to its competitive landscape, with main players profiled in the report. These players are propelling the market through their investments in R&D and product innovation. The report includes company overviews, financials, revenues, market potential, global presence, production sites and capacities, strengths and weaknesses, product launches, product diversity, application and others. Following are key market players:-

Table of Content

  • Table of Content
  1. Introduction
    • Market Introduction
    • Market Research Methodology
      • Research Process
      • Primary Research
      • Secondary Research
      • Data Collection Technique
      • Data Sources
    • Market Estimation Methodology
      • Limitations of the Study
    • Product Picture of propanol.
    • Global propanol Market: Classification
    • Geographic Scope
    • Years Considered for the Study
    • Research Methodology in brief
    • Parent Market Overview
    • Overall Propanol market Regional Demand
    • Research Programs/Design
    • Market Breakdown and Data Triangulation Approach
    • Data Source
    • Secondary Sources
    • Primary Sources
    • Primary Interviews
    • Average primary breakdown ratio
  2. Market Dynamics
    • Drivers
      • Drivers
    • Restraints
      • Restraints
    • Opportunity
      • Impact forces on market dynamics
      • Impact forces during the forecast years
    • Industry Value Chain
      • Upstream analysis
      • Downstream analysis
      • Distribution Channel
      • Direct Channel
      • Indirect Channel
    • Potential Customers
    • Manufacturing/Operational Cost Analysis
    • Pricing Analysis by Region
    • Key Technology Landscape
    • Regulatory Analysis
    • Porter’s Analysis
      • Supplier Power
      • Buyer Power
      • Substitution Threat
      • Threat from New Entry
      • Competitive Rivalry
    • PESTEL Analysis
    • Political Factors
    • Economic Factor
    • Social Factors
    • Technological Factor
    • Environmental Factors
    • Legal Factor
    • Covid-19 impact on Global Economy
    • Covid-19 impact on Propanol demand
    • Post-Coved Impact on Propanol market Demand
    • Impact Analysis of the Russia-Ukraine Conflict
  3. Global Propanol market Segmentation, By volume(Kiloliter) & Revenue (USD Billion), (2022-2030)
    • By Type
      • Isopropyl
      • N-Propanol
    • By Application
      • Solvent
      • Chemical Intermediate
      • Pharmaceutical (Drug)
      • Household And Personal Care Products
      • Others

 

  1. Global Propanol market Overview, By Region
    • North America Propanol market by volume(Kiloliter) & Revenue (USD Billion), by Countries, (2022-2030)
      • US
        • By Type
        • By Application

 

  • Canada
  • Mexico
  • Europe Propanol market by volume(Kiloliter) & Revenue (USD Billion), by Countries, (2022-2030)
    • France
    • UK
    • Spain
    • Russia
    • Italy
    • BENELUX
  • Asia Pacific Propanol market by volume(Kiloliter) & Revenue (USD Billion), by Countries, (2022-2030)
    • China
    • Japan
    • Australia
    • South Korea
    • India
    • ASEAN
  • Latin America Propanol market by volume(Kiloliter) & Revenue (USD Billion), by Countries, (2022-2030)
    • Brazil
    • Argentina
    • Chile
  • Middle East and Africa Propanol market by volume(Kiloliter) & Market Revenue (USD Billion), by Countries, (2022-2030)
    • GCC
    • Turkey
    • South Africa
  1. Global Propanol market Revenue: Competitive Analysis, 2021
    • Key strategies by players
    • Revenue (USD Billion and %), By manufacturers, 2021
    • Player Positioning by Market Players, 2021
  2. Competitive Analysis
    • Dow Chemical Company
      • Business Overview
      • Business Financials (USD Billion)
      • Product Category, Type, and Specification
      • Main Business/Business Overview
      • Geographical Analysis
      • Recent Development
      • Swat Analysis
    • Royal Dutch Shell Plc.
    • Eastman Chemical Company
    • Mitsui Chemicals Inc.
    • China National Petroleum Corporation
    • Zhejiang Xinhua Chemical Co Ltd.
    • LG Chem Ltd.
    • Oxea GMBH
    • LCY Chemical Corp.
    • BASF SE
    • ISU Chemical Co Ltd.
  3. Market Research Findings & Conclusion Disclaimer

Research Methodology

The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.

Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.

Propanol Market Size, Share & Trends Analysis, By Type (Isopropyl Alcohol, N-Propanol), By Application (Solvent, Chemical Intermediate, Pharmaceutical (Drug)), By Region and Forecast Period-2022 – 2030.
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