Market Size of Propanol Industry
| 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 |
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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 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 Size Summary
The propanol market is poised for significant growth, driven by its extensive application as a solvent across various industries, including pharmaceuticals and cosmetics. The two primary forms of propanol, n-propanol and isopropanol, play crucial roles in these sectors. Isopropanol, also known as 2-propanol or isopropyl alcohol, is particularly valued for its use as an antiseptic and disinfectant, finding applications in products such as medical tablets, skin creams, and sanitizers. The pharmaceutical industry, which accounts for a substantial portion of propanol demand, utilizes it in the production of medicines and other health-related products. The increasing consumption and production of propanol in developing regions like India and China further bolster market growth, as these countries experience rapid industrial expansion.
The Asia-Pacific region leads the global propanol market, with countries like India and China driving demand due to their burgeoning pharmaceutical and cosmetic industries. This regional dominance is expected to continue, with the Asia-Pacific area anticipated to experience the highest growth rate during the forecast period. The market is characterized by a partial fragmentation, with a few key players such as Dow, Honeywell International Inc., Exxon Mobil Corporation, BASF SE, and Royal Dutch Shell PLC holding significant market shares. These companies are well-positioned to benefit from the increasing demand for propanol in various end-user industries, supporting the market's positive outlook over the coming years.
Propanol Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rising Demand from Personal Care Industry
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Prohibited for Use as a Feed Additive
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 N-propanol
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2.1.2 Isopropanol
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2.2 By End-use
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2.2.1 Pharmaceutical
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2.2.2 Chemical
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2.2.3 Personal Care
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2.2.4 Printing Inks
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2.2.5 Paints and Coatings
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2.2.6 Other End-use
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East & Africa
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Propanol Market Size 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.
