Propanol Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Propanol Market Analysis
The market for Propanol is anticipated to register a CAGR of over 4% during the forecast period. There are two different propanol, one is n- propanol and another is isopropanol. Isopropanol is also known as 2-propanol or isopropyl alcohol and n- propanol.
- Propanol is primarily used as a solvent in various industries, such as pharmaceuticals, cosmetics, etc. In the cosmetics industry, it used as products such as skin care products, hair shampoos, soaps, perfumes, etc.
- Demand in the pharmaceutical industry is likely to drive the growth of the propanol market. Propanol is used in the manufacture of products such as medical tablets, skin cream, rubbing alcohol, etc.
Propanol Market Trends
This section covers the major market trends shaping the Propanol Market according to our research experts:
Growing Application in Pharmaceutical Industry
- Propanol is used in different industry as isopropanol or n- propanol. Isopropanol is a solvent which is used in many products such as pharmaceutical, cosmetics, paints and resins, food, inks, etc.
- Isopropanol is used as an antiseptic in the pharmaceutical industry. Isopropanol is used as a disinfectant and sanitizing agent. It can be found in sanitizer, medicines, soaps, etc.
- About 40% of the propanol market demand is dominated by the pharmaceutical industry. Isopropanol is used in safe and small quantities in manufacturing capsules and tablets.
- Consumption and production of propanol are majorly growing in developing countries such as India, China, etc.
- Hence, such aforementioned factors increase the demand for the propanol from the end-user industries. This, in turn, expected to drive the demand for propanol during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region dominated the global market share. Due to the demand from propanol in industries such as pharmaceuticals, printing, cosmetics is driving growth in countries such as India and China.
- The market of pharmaceutical and cosmetic is growing fast in India, China, which benefited the manufacturers and exporters of isopropanol.
- The next few years are likely the positive market for pharmaceutical and cosmetic products in the Asia Pacific.
- Hence, the Asia-Pacific region is also expected to witness the highest CAGR in the propanol market during the forecast period.
Propanol Industry Overview
The propanol market is partially fragmented in nature. In terms of the market share, few players currently dominate the market. Key players in the propanol market include Dow, Honeywell International Inc., Exxon Mobil Corporation, BASF SE, Royal Dutch Shell PLC, etc.
Propanol Market Leaders
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Dow
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Honeywell International Inc.
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Exxon Mobil Corporation
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BASF SE
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Royal Dutch Shell PLC
*Disclaimer: Major Players sorted in no particular order
Propanol Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Rising Demand from Personal Care Industry
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Prohibited for Use as a Feed Additive
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 N-propanol
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5.1.2 Isopropanol
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5.2 By End-use
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5.2.1 Pharmaceutical
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5.2.2 Chemical
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5.2.3 Personal Care
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5.2.4 Printing Inks
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5.2.5 Paints and Coatings
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5.2.6 Other End-use
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle East & Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 BASF SE
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6.4.2 Central Drug House
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6.4.3 Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL)
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6.4.4 Dow
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6.4.5 Eastman Chemical Company
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6.4.6 Exxon Mobil Corporation
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6.4.7 HiMedia Laboratories
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6.4.8 Honeywell International Inc.
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6.4.9 LyondellBasell
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6.4.10 Paari Chem Resources
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6.4.11 Penta Manufacturer
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6.4.12 Pon Pure Chemicals
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6.4.13 RIDHDHI SIDHDHI CHEMICALS
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6.4.14 Royal Dutch Shell PLC
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6.4.15 Solventis
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Increasing Demand in Pharmaeutical Industry
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7.2 Substituting Gasoline as Fuel
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Propanol Industry Segmentation
The scope of the propanol market report includes:
| By Product Type | |
| N-propanol | |
| Isopropanol |
| By End-use | |
| Pharmaceutical | |
| Chemical | |
| Personal Care | |
| Printing Inks | |
| Paints and Coatings | |
| Other End-use |
| Geography | |||||||
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Propanol Market Research FAQs
What is the current Propanol Market size?
The Propanol Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Propanol Market?
Dow, Honeywell International Inc., Exxon Mobil Corporation, BASF SE and Royal Dutch Shell PLC are the major companies operating in the Propanol Market.
Which is the fastest growing region in Propanol Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Propanol Market?
In 2024, the Asia Pacific accounts for the largest market share in Propanol Market.
What years does this Propanol Market cover?
The report covers the Propanol Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Propanol Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Propanol Industry Report
Statistics for the 2024 Propanol market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Propanol analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
