Product Code: GVR-4-68038-724-7
Propanol Market Growth & Trends
The global propanol market size is projected to reach USD 7.00 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.5% from 2020 to 2027. Increasing demand for solvents and disinfectants is anticipated to remain a key factor favoring growth.
The market is made up of two major products namely n-propanol and isopropyl alcohol. Isopropyl alcohol is the fastest growing product segment owing to rising demand as a solvent and as a disinfectant. The recent fall in crude oil is expected to harm production as manufacturers are grappling with low cost of raw materials and high cost associated with the synthesis of the final product.
Solvent applications of n-propanol and isopropyl alcohol are expected to grow rapidly as demand for FMCD products, such as paints and coatings and adhesives, is increasing significantly. Although, the global manufacturing industry is affected by the COVID-19 pandemic, its recovery in the latter half of 2019 is expected to boost consumption of propanol. Manufacturers may have to increase production as demand from all end-use industries will witness a significant rise.
North America is the second fastest-growing regional market. The growth is attributed to rising consumption in U.S. and Canada. Rising demand from the pharmaceutical and cosmetics industries is boosting the market growth. Presence of a large number of manufacturers and constant product innovation have positioned propanol among the highly consumed solvents within the region.
Propanol Market Report Highlights
- Demand for n-propanol is expected to reach USD 2.21 billion by 2027 backed by rising application as a solvent and in the production of chemical intermediates
- The pharmaceutical application segment of isopropyl alcohol is anticipated to grow at a CAGR of 7.5% from 2020 to 2027 by volume owing to rising demand from disinfectant and hand sanitizer manufacturers
- Asia Pacific is projected to witness the fastest growth over the forecast period due to high demand from end-use industries in countries, such as China, India, Japan, and South Korea
- In April 2020, Oxea Gmbh tripled its supply of n-propanol across Europe to meet the rising demand for hand sanitizers and disinfectants.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market segmentation & scope
- 1.2 Market definition
- 1.3 Information procurement
- 1.3.1 Purchased database
- 1.3.2 GVR's internal database
- 1.3.3 Secondary sources
- 1.3.4 Third party perspective
- 1.3.5 Primary research
- 1.4 Information analysis & data analysis models
Chapter 2 Executive Summary
- 2.1 Market outlook
- 2.2 Competitive insights
Chapter 3 Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global Industrial Alcohol Industry Outlook
- 3.1.2 Global Propanol Market
- 3.2 Penetration And Growth Prospect Mapping, 2016-2027
- 3.3 Value Chain Analysis
- 3.3.1 Raw Material Trends
- 3.3.2 Manufacturing & Technological Trends
- 3.3.3 Sales Channel Analysis
- 3.3.4 Profit Margin Analysis
- 3.4 Supply And Demand Dynamics
- 3.5 Regulatory & Policy Landscape
- 3.5.1 Product Classification Codes
- 3.6 Market Dynamics
- 3.6.1 Market Driver Analysis
- 3.6.2 Market Restraint Impact Analysis
- 3.6.3 Industry Challenges
- 3.7 Trade Analysis, HS Code - 290512
- 3.7.1 Trade Balance, By Key Countries
- 3.7.2 Import & Export Statistics, 2016 To 2019
- 3.8 Industry Analysis Tools
- 3.8.1 Porter's Analysis
- 3.8.1.1 Supplier Power
- 3.8.1.2 Buyer Power
- 3.8.1.3 Threat Of Substitutes
- 3.8.1.4 Threat Of New Entrants
- 3.8.1.5 Competitive Rivalry
- 3.8.2 PESTEL Analysis
Chapter 4 Propanol Market: Product Estimates & Trend Analysis
- 4.1 Product market introduction
- 4.2 Market estimates & forecast, by product
- 4.2.1 Isopropyl Alcohol
- 4.2.1.1 Isopropyl alcohol market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
- 4.2.1.2 Isopropyl alcohol market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
- 4.2.2 N-Propanol
- 4.2.2.2 N-Propanol market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
- 4.2.2.2 N-Propanol market estimates & forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
Chapter 5 Propanol Market: Regional Estimates & Trend Analysis
- 5.1 Regional market introduction
- 5.2 Propanol market estimates & forecast, by region
- 5.2.1 North America
- 5.2.1.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.1.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.1.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.1.2 U.S.
- 5.2.1.2.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.1.2.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.1.2.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.1.3 Canada
- 5.2.1.3.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.1.3.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.1.3.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.1.4 Mexico
- 5.2.1.4.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.1.4.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.1.4.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2 Europe
- 5.2.2.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2.2 Germany
- 5.2.2.2.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2.2.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2.2.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2.3 U.K.
- 5.2.2.3.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2.3.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2.3.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2.4 France
- 5.2.2.4.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2.4.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2.4.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2.5 Netherlands
- 5.2.2.5.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2.5.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2.5.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2.6 Italy
- 5.2.2.6.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2.6.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.2.6.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.3 Asia Pacific
- 5.2.3.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.3.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.3.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.3.2 China
- 5.2.3.2.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.3.2.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.3.2.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.3.3 India
- 5.2.3.3.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.3.3.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.3.3.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.3.4 Japan
- 5.2.3.4.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.3.4.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.3.4.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.3.5 South Korea
- 5.2.3.5.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.3.5.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.3.5.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.4 Central & South America
- 5.2.4.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.4.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.4.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.4.2 Brazil
- 5.2.4.2.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.4.2.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.4.2.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.4.3 Argentina
- 5.2.4.3.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.4.3.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.4.3.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.5 Middle East & Africa
- 5.2.5.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.5.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.5.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.5.2 South Africa
- 5.2.5.2.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.5.2.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.5.2.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.5.3 Saudi Arabia
- 5.2.5.3.1 Market volume & revenue, by product, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.5.3.1.1 Isopropyl alcohol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
- 5.2.5.3.1.2 N-propanol market volume & revenue, by application, 2016 - 2027 (Kilotons) (USD Million)
Chapter 6 Propanol Market - Competitive Analysis
- 6.1 Key global players, recent developments & their impact on the industry
- 6.2 Key company/competition categorization
- 6.3 Vendor landscape
- 6.3.1 List of key distributors and channel partners
- 6.3.2 Key customers
- 6.4 Company market share/ranking analysis, 2019
- 6.5 Strategy Framework
- 6.5.1 Mergers & Acquisitions
- 6.5.2 Partnerships & Collaborations
- 6.5.3 Capacity Expansion
Chapter 7 Company Profiles
- 7.1 Shell Chemicals
- 7.1.1 Company Overview
- 7.1.2 Financial Performance
- 7.1.3 Product Benchmarking
- 7.1.4 Strategic Initiatives
- 7.2 ExxonMobil
- 7.2.1 Company Overview
- 7.2.2 Financial Performance
- 7.2.3 Product Benchmarking
- 7.2.4 Strategic Initiatives
- 7.3 BASF SE
- 7.3.1 Company Overview
- 7.3.2 Financial Performance
- 7.3.3 Product Benchmarking
- 7.3.4 Strategic Initiatives
- 7.4 Dow Inc.
- 7.4.1 Company Overview
- 7.4.2 Financial Performance
- 7.4.3 Product Benchmarking
- 7.4.4 Strategic Initiatives
- 7.5 LG Chem Ltd.
- 7.5.1 Company Overview
- 7.5.2 Financial Performance
- 7.5.3 Product Benchmarking
- 7.5.4 Strategic Initiatives
- 7.6 Sasol Limited
- 7.6.1 Company Overview
- 7.6.2 Financial Performance
- 7.6.3 Product Benchmarking
- 7.6.4 Strategic Initiatives
- 7.7 Eastman Chemical Company
- 7.7.1 Company Overview
- 7.7.2 Financial Performance
- 7.7.3 Product Benchmarking
- 7.7.4 Strategic Initiatives
- 7.8 Tokuyama Corporation
- 7.8.1 Company Overview
- 7.8.2 Financial Performance
- 7.8.3 Product Benchmarking
- 7.8.4 Strategic Initiatives
- 7.9 LCY Chemical Corp.
- 7.9.1 Company Overview
- 7.9.2 Financial Performance
- 7.9.3 Product Benchmarking
- 7.9.4 Strategic Initiatives
- 7.10 Deepak Fertilisers and Petrochemicals Corporation Ltd.
- 7.10.1 Company Overview
- 7.10.2 Financial Performance
- 7.10.3 Product Benchmarking
- 7.10.4 Strategic Initiatives
- 7.11 Lyonellbasell
- 7.11.1 Company Overview
- 7.11.2 Financial Performance
- 7.11.3 Product Benchmarking
- 7.11.4 Strategic Initiatives
- 7.12 Solvay
- 7.12.1 Company Overview
- 7.12.2 Financial Performance
- 7.12.3 Product Benchmarking
- 7.12.4 Strategic Initiatives
- 7.13 Mitsui Chemicals Inc.
- 7.13.1 Company Overview
- 7.13.2 Financial Performance
- 7.13.3 Product Benchmarking
- 7.13.4 Strategic Initiatives
- 7.14 KH Chemicals
- 7.14.1 Company Overview
- 7.14.2 Financial Performance
- 7.14.3 Product Benchmarking
- 7.14.4 Strategic Initiatives
- 7.15 Dairen Chemical Corporation
- 7.15.1 Company Overview
- 7.15.2 Financial Performance
- 7.15.3 Product Benchmarking
- 7.15.4 Strategic Initiatives
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