Propanol Global Market Report 2024

Description

Propanol Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on propanol market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for propanol? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The propanol market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Iso-Propanol; N-propanol
2) By Grade: Technical Grade; Pharmaceutical Grade; Cosmetic Grade; Electronic Grade
3) By End User: Pharmaceuticals; Chemicals; Personal Care; Printing Inks; Paints and Coatings; Other End Users
Companies Mentioned: The Dow Chemical Company; BASF SE; Deepak Fertilizers and Petroleum Corporation Limited; DuPont de Nemours Inc.; Eastman Chemical Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Propanol, a colorless liquid, possesses high miscibility with diverse solvents such as ketones, aldehydes, alcohols, glycols, aliphatic hydrocarbons, and ethers. Widely utilized as a solvent across various industries, its effectiveness stems from both its high flammability and its ability to blend well with human body compounds.

There are two primary types of propanol are iso-propanol and n-propanol. Iso-propanol, also known as rubbing alcohol, is a volatile and flammable alcohol (C3H8O) primarily used as a solvent. It is available in various grades including technical, pharmaceutical, cosmetic, and electronic grades. Iso-propanol finds applications across diverse sectors such as pharmaceuticals, chemicals, personal care products, printing inks, paints and coatings, and other related industries.

The propanol market research report is one of a series of new reports from The Business Research Company that provides propanol market statistics, including propanol industry global market size, regional shares, competitors with a propanol market share, detailed propanol market segments, market trends, and opportunities, and any further data you may need to thrive in the propanol industry. This propanol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The propanol market size has grown strongly in recent years. It will grow from $3.66 billion in 2023 to $3.85 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The observed growth in the historical period can be attributed to several factors, including heightened demand for industrial solvents, expansion within the paints and coatings industry, increased activity in pharmaceutical manufacturing, formulation of consumer products, surface coating for electronics, and growth within the printing and packaging sectors.

The propanol market size is expected to see strong growth in the next few years. It will grow to $4.72 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. Anticipated growth in the forecast period is tied to several key drivers, including increased pharmaceutical Active Pharmaceutical Ingredient (API) manufacturing, the development of environmentally friendly formulations, the emergence of biotechnology applications, a heightened focus on green chemistry, expanded usage in personal care products, and a transition towards waterborne coatings.

The escalating demand for paint and coatings is projected to propel the propanol market's expansion. Paint is a blend of opaque pigments in a liquid, while coatings include varnishes and inorganic binders akin to paints. Propanol, particularly as a semi-volatile alcohol, aids in enhancing drying qualities in the coating industry, employed in various paint manufacturing processes. The American Coatings Association's data in May 2021 highlighted the substantial economic contribution of the coatings business to the US, with Illinois, Texas, and Ohio leading in paint and coating exports, further substantiating the driving force behind the propanol market's growth.

The increasing demand within the personal care industry stands as a significant driver fueling the growth of the Propanol market. Propanol, valued for its diverse applications, plays a pivotal role across various industries due to its efficacy as a solvent, disinfectant, and intermediary in chemical processes. Its versatility contributes to heightened demand, particularly in the personal care sector, where isopropanol finds application in compliance with safety regulations and standards. Within cosmetics, it is utilized in concentrations deemed safe for human skin and health, emphasizing the importance of proper formulation and regulatory adherence to ensure the safety and efficacy of products containing propanol. For instance, as per statistics published by Euromonitor International in April 2023 and sourced from the official website of the International Trade Administration, U.S. Department of Commerce, China witnessed a notable surge in beauty and personal care sales, reaching $88 billion in 2021-a marked 10% increase from the previous year. Hence, the mounting demand emanating from the personal care industry is anticipated to propel the growth trajectory of the Propanol market.

Leading companies in the propanol market are strategically engaging in partnerships and collaborations to maintain their market stance. Notable alliances, such as SHV Energy's partnership with LanzaTech in March 2022 and Eni S.p.A's collaboration with BASF SE in July 2021, exemplify the focus on sustainability and technology development. Additionally, the proactive approach of major players, like Lupin Limited's launch of Propranolol LA capsules in August 2023, showcases a commitment to innovation, meeting market demands, and enhancing healthcare accessibility.

In August 2023, Star Group, L.P., a US-based home energy distributor and services provider, completed the acquisition of a privately held propane company in Long Island for approximately $18.4 million. The acquisition made by Star Group may have been made for similar reasons, such as expanding its footprint in the Long Island area or increasing its propane operations. Long Island Propane Inc. is a US-based family-owned and operated propane delivery company. They offer propane delivery for home heating, gas cooking, pool heaters, and more.

Major companies operating in the propanol market report are The Dow Chemical Company, BASF SE, Deepak Fertilizers and Petroleum Corporation Limited, DuPont de Nemours Inc., Eastman Chemical Company, ExxonMobil Chemical Company, Honeywell International Inc., LyondellBasell Industries NV, Mitsui Chemicals Inc., Nanjing Wujiang Chemical Company Limited, Royal Dutch Shell PLC, Sasol Limited, Tokuyama Corporation, Ineos Group Holdings Limited, Arkema SA, Braskem SA, Celanese Corp., Chevron Phillips Chemical Company, Evonik Industries AG, Formosa Plastics Corporation, LG Chem Ltd., Lotte Chemical Corp., Merck Co. & KGaA, Perstorp Chemicals India Private Limited, PetroChina Co. Ltd., Praxair India Pvt. Ltd., PTT Global Chemical Public Company Limited, Reliance Industries Ltd., Saudi Basic Industries Corporation, China Petroleum & Chemical Corporation, Solvay SA, Westlake Chemical Corp., Yara International ASA

Asia-Pacific was the largest region in the propanol market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the propanol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the propanol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The propanol market consists of sales of propan-1-ol and propan-2-ol. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12986

1. Executive Summary

2. Propanol Market Characteristics

3. Propanol Market Trends And Strategies

4. Propanol Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Propanol Market Size and Growth

5.1. Global Propanol Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Propanol Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Propanol Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Propanol Market Segmentation

6.1. Global Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Iso-Propanol
N-propanol
6.2. Global Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Technical Grade
Pharmaceutical Grade
Cosmetic Grade
Electronic Grade
6.3. Global Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Pharmaceuticals
Chemicals
Personal Care
Printing Inks
Paints and Coatings
Other End Users

7. Propanol Market Regional And Country Analysis

7.1. Global Propanol Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Propanol Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Propanol Market

8.1. Asia-Pacific Propanol Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Propanol Market

9.1. China Propanol Market Overview
9.2. China Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Propanol Market

10.1. India Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Propanol Market

11.1. Japan Propanol Market Overview
11.2. Japan Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Propanol Market

12.1. Australia Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Propanol Market

13.1. Indonesia Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Propanol Market

14.1. South Korea Propanol Market Overview
14.2. South Korea Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Propanol Market

15.1. Western Europe Propanol Market Overview
15.2. Western Europe Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Propanol Market

16.1. UK Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Propanol Market

17.1. Germany Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Propanol Market

18.1. France Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Propanol Market

19.1. Italy Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Propanol Market

20.1. Spain Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Propanol Market

21.1. Eastern Europe Propanol Market Overview
21.2. Eastern Europe Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Propanol Market

22.1. Russia Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Propanol Market

23.1. North America Propanol Market Overview
23.2. North America Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Propanol Market

24.1. USA Propanol Market Overview
24.2. USA Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Propanol Market

25.1. Canada Propanol Market Overview
25.2. Canada Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Propanol Market

26.1. South America Propanol Market Overview
26.2. South America Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Propanol Market

27.1. Brazil Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Propanol Market

28.1. Middle East Propanol Market Overview
28.2. Middle East Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Propanol Market

29.1. Africa Propanol Market Overview
29.2. Africa Propanol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Propanol Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Propanol Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Propanol Market Competitive Landscape And Company Profiles

30.1. Propanol Market Competitive Landscape
30.2. Propanol Market Company Profiles
- 30.2.1. The Dow Chemical Company
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. BASF SE
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Deepak Fertilizers and Petroleum Corporation Limited
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. DuPont de Nemours Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Eastman Chemical Company
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Propanol Market Competitive Benchmarking

32. Global Propanol Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Propanol Market

34. Propanol Market Future Outlook and Potential Analysis

34.1 Propanol Market In 2028 - Countries Offering Most New Opportunities
34.2 Propanol Market In 2028 - Segments Offering Most New Opportunities
34.3 Propanol Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer