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The size of the global N-propanol market was estimated at USD 1498.10 million in 2022 and is expected to increase to USD 2282.39 million by 2030, rising at a CAGR of 5.3% over the forecast period (2023-2030).
N-propanol is a solvent specifically created to manufacture chemical intermediates. Demand for n-propanol is driven by its use as a primary alcoholic beverage. The two primary products it is used to make are alkyl halides and acetylated compounds. These compounds have additional applications in the pharmaceutical and specialty chemical manufacturing industries.
N-propanol alcohol is one of the most frequently used industrial solvents in the manufacturing industries globally. In addition to heavy industries like automotive and industrial machinery, they are used in a wide range of products, including paints & inks, adhesives, cosmetics, plastics, and rubber. Due to their miscibility with water and low reactivity toward the majority of commercial compounds, they are an effective solvent. It is anticipated that rising infrastructure spending in developing countries will greatly increase demand for products including industrial equipment, adhesives, and paints & coatings. The rise of these high-value industries is expected to lead to an increase in propane demand.
In many different industries, including those that produce pharmaceuticals, cosmetics, inks, paints, and coatings, n-propanol is widely utilized as a solvent and chemical intermediary. Thus, when these items are used more frequently, n-propanol sales will eventually increase during the projection period. This type of alcohol (n-propanol) is used in perfumes, toothpaste, dental treatments, and nail paint removers in the cosmetics business. Growth opportunities are predicted to be sparked by consumer awareness of beauty and cosmetics items over the course of the forecast period. Similar to this, during the next 10 years, producers will benefit greatly from the rising popularity of n-propanol in the food and beverage sector.
It is estimated that the COVID-19 pandemic will have a major impact on the market. Manufacturing facilities and supply lines were abruptly shut down as a result of the pandemic. Paint and coating producers were unable to obtain solvents to produce their goods as a result. Additionally, the growth of the paints & coatings business was hampered by the reduction in the demand for automobiles. The COVID-19 pandemic's effects on the market were, however, moderated by the increased demand for n-propyl alcohol from the pharmaceutical industry as a result of its antibacterial and antiseptic characteristics. Its use as a surgical disinfectant and the potential to reduce hospital-acquired infections (HAIs) will also aid in reducing the market effects of COVID-19. For instance, by late February 2021, Purell Company's hand sanitizer sales increased by 568% to USD 1.5 billion. Additionally, the corporation spent an additional USD 400 million to increase its capacity for producing hand sanitizers.
The rising demand from the paints and coatings industry will help the market expand. The market is projected to profit from appealing opportunities offered by the expanding construction sector as a result of the use of in building blocks. The value of global construction output is expected to rise by 85% to US$ 15.5 trillion by 2030, according to Global Construction Perspectives and Global Economics, with China, the US, and India contributing 57% of the growth. N-propanol is used as a solvent in the production of paints and coatings. The market's growth in the following years will benefit from a greater emphasis on shielding structural elements from damage like corrosion. Additionally, the booming pharmaceutical business may promote market expansion in the near future. The cosmetics business makes use of n-propanol. Potash alum can be utilized as a deodorant due to its antibacterial and antiperspirant properties. N-propanol is also a component of many cosmetic products, such as face powders, moisturizers, skincare items, and cleaning products. As a result, the demand for n-propanol is increasing due to the cosmetics industry.
Propanol sector growth would be constrained by strict environmental regulations governing the handling and transportation of organic compounds. Additionally, the worldwide propanol market is subject to a number of restrictions due to the high combustibility of the raw materials, which is also predicted to impede market growth throughout the course of the forecast period. Rising raw material costs, particularly for acetone and propylene, are anticipated to restrain demand over the projection period as a result of the shifting price of crude oil. The market for propanol is being restricted by a shift in emphasis toward green solvents because of the large VOC emissions and other environmental issues linked with the usage of petrochemical-based solvents. There has been an increase in the use of alternatives that use less petrochemical-based solvent due to the environmental risks associated with petroleum-based solvents, such as the use of water-based paints and coatings in construction applications rather than solvent-based paints and coatings. But unlike solvent-based paints, water-based paints do not deliver the same level of finish. This problem can be resolved by employing bio & green solvents, which have the same qualities as solvents made from petrochemicals but don't include VOCs.
N-propyl alcohol has received FDA approval for use in the food industry for a variety of purposes, including adjuvants and artificial flavoring. The Joint FAO/WHO Committee suggested restricting the use of this type of alcohol in the food business to flavoring agents, carrier solvents, and extraction solvents. As a result, businesses like Aurochemicals and Solventis have begun to offer alcohol that is suitable for use in food. The market demand will increase as customers' preferences for flavored food products grow. This kind of propanol can be found in cosmetic products like nail polish removers, toothpaste, dental lotions, and perfumes. During the projected period, growth prospects are anticipated to be brought on by consumers' growing knowledge of the benefits of beauty and cosmetic products.
Report Coverage
Global N-Propanol research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global N-Propanol report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and N-Propanol competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key N-Propanol market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global N-Propanol market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, N-Propanol market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE, Dow Chemical Company, Eastman Chemical Company, Mitsui Chemicals Inc., Sasol Limited, LG Chem Ltd., Oxea GmbH, INEOS AG, Perstorp Holding AB, LCY Chemical Corp., Zhejiang Xinhua Chemical Co. Ltd., ISU Chemical Co. Ltd., Shell Chemicals, LyondellBasell Industries N.V., KH Neochem Co. Ltd., Sinopec Shanghai Petrochemical Company Limited, Nippon Nyukazai Co. Ltd., Sekisui Chemical Co. Ltd., Jinyimeng Group, Tokuyama Corporation, Wu Jiang Chemical (China), Nanjing Rongxin Chemical (China), Chang Chun Group (China), Ningbo Juhua Chemical (China), Zibo Nalcohol Chemical (China)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global N-Propanol market based on the below-mentioned segments:
Global N-Propanol Market, By Type
Ethylene Hydrogenation Method
Allyl Alcohol Hydrogenation Method
Other Compounds Byproduct Method
Global N-Propanol market, By Application
Coatings
Food Additive
Pharmaceutical
Cosmetics
Others
Global N-Propanol market, Regional Analysis
N-propanol is a solvent specifically created to manufacture chemical intermediates. Demand for n-propanol is driven by its use as a primary alcoholic beverage. The two primary products it is used to make are alkyl halides and acetylated compounds. These compounds have additional applications in the pharmaceutical and specialty chemical manufacturing industries.
N-propanol alcohol is one of the most frequently used industrial solvents in the manufacturing industries globally. In addition to heavy industries like automotive and industrial machinery, they are used in a wide range of products, including paints & inks, adhesives, cosmetics, plastics, and rubber. Due to their miscibility with water and low reactivity toward the majority of commercial compounds, they are an effective solvent. It is anticipated that rising infrastructure spending in developing countries will greatly increase demand for products including industrial equipment, adhesives, and paints & coatings. The rise of these high-value industries is expected to lead to an increase in propane demand.
In many different industries, including those that produce pharmaceuticals, cosmetics, inks, paints, and coatings, n-propanol is widely utilized as a solvent and chemical intermediary. Thus, when these items are used more frequently, n-propanol sales will eventually increase during the projection period. This type of alcohol (n-propanol) is used in perfumes, toothpaste, dental treatments, and nail paint removers in the cosmetics business. Growth opportunities are predicted to be sparked by consumer awareness of beauty and cosmetics items over the course of the forecast period. Similar to this, during the next 10 years, producers will benefit greatly from the rising popularity of n-propanol in the food and beverage sector.
It is estimated that the COVID-19 pandemic will have a major impact on the market. Manufacturing facilities and supply lines were abruptly shut down as a result of the pandemic. Paint and coating producers were unable to obtain solvents to produce their goods as a result. Additionally, the growth of the paints & coatings business was hampered by the reduction in the demand for automobiles. The COVID-19 pandemic's effects on the market were, however, moderated by the increased demand for n-propyl alcohol from the pharmaceutical industry as a result of its antibacterial and antiseptic characteristics. Its use as a surgical disinfectant and the potential to reduce hospital-acquired infections (HAIs) will also aid in reducing the market effects of COVID-19. For instance, by late February 2021, Purell Company's hand sanitizer sales increased by 568% to USD 1.5 billion. Additionally, the corporation spent an additional USD 400 million to increase its capacity for producing hand sanitizers.
The rising demand from the paints and coatings industry will help the market expand. The market is projected to profit from appealing opportunities offered by the expanding construction sector as a result of the use of in building blocks. The value of global construction output is expected to rise by 85% to US$ 15.5 trillion by 2030, according to Global Construction Perspectives and Global Economics, with China, the US, and India contributing 57% of the growth. N-propanol is used as a solvent in the production of paints and coatings. The market's growth in the following years will benefit from a greater emphasis on shielding structural elements from damage like corrosion. Additionally, the booming pharmaceutical business may promote market expansion in the near future. The cosmetics business makes use of n-propanol. Potash alum can be utilized as a deodorant due to its antibacterial and antiperspirant properties. N-propanol is also a component of many cosmetic products, such as face powders, moisturizers, skincare items, and cleaning products. As a result, the demand for n-propanol is increasing due to the cosmetics industry.
Propanol sector growth would be constrained by strict environmental regulations governing the handling and transportation of organic compounds. Additionally, the worldwide propanol market is subject to a number of restrictions due to the high combustibility of the raw materials, which is also predicted to impede market growth throughout the course of the forecast period. Rising raw material costs, particularly for acetone and propylene, are anticipated to restrain demand over the projection period as a result of the shifting price of crude oil. The market for propanol is being restricted by a shift in emphasis toward green solvents because of the large VOC emissions and other environmental issues linked with the usage of petrochemical-based solvents. There has been an increase in the use of alternatives that use less petrochemical-based solvent due to the environmental risks associated with petroleum-based solvents, such as the use of water-based paints and coatings in construction applications rather than solvent-based paints and coatings. But unlike solvent-based paints, water-based paints do not deliver the same level of finish. This problem can be resolved by employing bio & green solvents, which have the same qualities as solvents made from petrochemicals but don't include VOCs.
N-propyl alcohol has received FDA approval for use in the food industry for a variety of purposes, including adjuvants and artificial flavoring. The Joint FAO/WHO Committee suggested restricting the use of this type of alcohol in the food business to flavoring agents, carrier solvents, and extraction solvents. As a result, businesses like Aurochemicals and Solventis have begun to offer alcohol that is suitable for use in food. The market demand will increase as customers' preferences for flavored food products grow. This kind of propanol can be found in cosmetic products like nail polish removers, toothpaste, dental lotions, and perfumes. During the projected period, growth prospects are anticipated to be brought on by consumers' growing knowledge of the benefits of beauty and cosmetic products.
Report Coverage
Global N-Propanol research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global N-Propanol report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and N-Propanol competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key N-Propanol market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | BASF SE, Dow Chemical Company, Eastman Chemical Company, Mitsui Chemicals Inc., Sasol Limited, LG Chem Ltd., Oxea GmbH, INEOS AG, Perstorp Holding AB, LCY Chemical Corp., Zhejiang Xinhua Chemical Co. Ltd., ISU Chemical Co. Ltd., Shell Chemicals, LyondellBasell Industries N.V., KH Neochem Co. Ltd., Sinopec Shanghai Petrochemical Company Limited, Nippon Nyukazai Co. Ltd., Sekisui Chemical Co. Ltd., Jinyimeng Group, Tokuyama Corporation, Wu Jiang Chemical (China), Nanjing Rongxin Chemical (China), Chang Chun Group (China), Ningbo Juhua Chemical (China), Zibo Nalcohol Chemical (China) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of N-Propanol Market from 2021 to 2030.
- Market Forecast for N-Propanol Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, N-Propanol competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on N-Propanol
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global N-Propanol market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, N-Propanol market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE, Dow Chemical Company, Eastman Chemical Company, Mitsui Chemicals Inc., Sasol Limited, LG Chem Ltd., Oxea GmbH, INEOS AG, Perstorp Holding AB, LCY Chemical Corp., Zhejiang Xinhua Chemical Co. Ltd., ISU Chemical Co. Ltd., Shell Chemicals, LyondellBasell Industries N.V., KH Neochem Co. Ltd., Sinopec Shanghai Petrochemical Company Limited, Nippon Nyukazai Co. Ltd., Sekisui Chemical Co. Ltd., Jinyimeng Group, Tokuyama Corporation, Wu Jiang Chemical (China), Nanjing Rongxin Chemical (China), Chang Chun Group (China), Ningbo Juhua Chemical (China), Zibo Nalcohol Chemical (China)
Primary Target Market
- Market Players of N-Propanol
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global N-Propanol market based on the below-mentioned segments:
Global N-Propanol Market, By Type
Ethylene Hydrogenation Method
Allyl Alcohol Hydrogenation Method
Other Compounds Byproduct Method
Global N-Propanol market, By Application
Coatings
Food Additive
Pharmaceutical
Cosmetics
Others
Global N-Propanol market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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