Global Propanol (Isopropanol & N-Propanol) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Isopropanol, and N-propanol.

By Application;

N-Propyl Acetate, Direct Solvents, N-Propylamines, Glycol Ethers, and Others.

By End-User Industry;

Pharmaceuticals and Healthcare, Chemicals and Petrochemicals, Cosmetics and Personal Care, and Automotive, and Transportation.

By Distribution Channel;

Direct Sales, Distributors/Traders, and Online Retailers.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn359274489 Published Date: March, 2025 Updated Date: May, 2025

Introduction

Global Propanol (Isopropanol & N-Propanol) Market (USD Million), 2021 - 2031

In the year 2024, the Global Propanol (Isopropanol & N-Propanol) Market was valued at USD 3,262.04 million. The size of this market is expected to increase to USD 4,125.03 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.4%.

The global propanol market, which includes both isopropanol (IPA) and n-propanol (NPA), plays a crucial role in a variety of industries due to its versatile applications. Isopropanol, commonly known as isopropyl alcohol, is widely used as a solvent, disinfectant, and in the production of various chemical products. N-propanol, on the other hand, is primarily utilized as a solvent in coatings, inks, pharmaceuticals, and cosmetics. The growth of the propanol market is strongly influenced by the increasing demand for these products across multiple industries, including pharmaceuticals, automotive, chemicals, and personal care. Both isopropanol and n-propanol are essential in the manufacturing of household and industrial products, contributing significantly to their widespread use globally.

The pharmaceutical industry has seen a significant rise in the demand for isopropanol, particularly as a disinfectant and antiseptic in medical applications, especially during the COVID-19 pandemic. Isopropanol’s ability to effectively kill bacteria, viruses, and fungi has made it an essential component in hand sanitizers, surface cleaners, and medical wipes. N-propanol, although less widely used than isopropanol in healthcare, is critical in drug formulation and the preparation of oral care products. Additionally, propanol is a key ingredient in the production of other chemicals such as acetone and methyl isobutyl ketone (MIBK), further bolstering its importance in various manufacturing sectors.

Another driving force behind the growth of the global propanol market is the expanding automotive and industrial sectors. Isopropanol is often used as a cleaning agent in the automotive industry, helping to remove grease and oil from engine parts and other components. Furthermore, n-propanol serves as a solvent in coatings, which are essential for vehicle finishes and industrial applications. With the increasing demand for high-performance coatings and paints, especially in emerging markets, the demand for both types of propanol is expected to rise. The versatility of these chemicals allows them to be employed in various forms and mixtures, catering to a diverse range of industries globally.

Geographically, the global propanol market has seen significant growth in regions such as North America, Europe, and Asia Pacific. North America and Europe have traditionally been the largest markets for propanol, driven by strong industrial manufacturing bases and high demand in pharmaceuticals and personal care products. In recent years, the Asia Pacific region has emerged as a key player due to rapid industrialization, increased production capacities, and growing demand for personal care and healthcare products. As environmental regulations become stricter globally, there is a growing emphasis on the use of sustainable production methods, which is likely to shape the future landscape of the propanol market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By End-User Industry
    4. Market Snapshot, By Distribution Channel
    5. Market Snapshot, By Region
  4. Global Propanol (Isopropanol & N-Propanol) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand in Pharmaceuticals and Healthcare
        2. Growth in Industrial and Household Cleaning Products
        3. Rising Use in Cosmetics and Personal Care
      2. Restraints
        1. Regulatory Challenges and Environmental Concerns
        2. Volatility in Raw Material Prices
        3. Health and Safety Risks
      3. Opportunities
        1. Expansion in Emerging Markets
        2. Technological Advancements in Production
        3. Increased Adoption in Bio-based Products
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Propanol (Isopropanol & N-Propanol) Market, By Type, 2021 - 2031 (USD Million)
      1. Isopropanol
      2. N-propanol
    2. Global Propanol (Isopropanol & N-Propanol) Market, By Application, 2021 - 2031 (USD Million)
      1. N-Propyl Acetate
      2. Direct Solvents
      3. N-Propylamines
      4. Glycol Ethers
      5. Others
    3. Global Propanol (Isopropanol & N-Propanol) Market, By End-User Industry, 2021 - 2031 (USD Million)
      1. Pharmaceuticals and Healthcare
      2. Chemicals and Petrochemicals
      3. Cosmetics and Personal Care
      4. Automotive and Transportation
    4. Global Propanol (Isopropanol & N-Propanol) Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Direct Sales
      2. Distributors/Traders
      3. Online Retailers
    5. Global Propanol (Isopropanol & N-Propanol) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Dow Inc.
      2. BASF
      3. Exxon Mobil Corporation
      4. Eastman Chemical Company
      5. The Dow Chemical Company
      6. Huntsman Corporation
      7. Perstorp Holding AB
      8. Evonik Industries AG
      9. Sumitomo Chemical Co. Ltd.
      10. INEOS Group Holdings S.A.
      11. Shell Chemicals
      12. LyondellBasell Industries N.V.
      13. Mitsui Chemicals Inc.
      14. Solvay S.A.
      15. The Lubrizol Corporation
      16. Mitsubishi Chemical Corporation
      17. Zhejiang Xinhua Chemical Co. Ltd
      18. Sasol Limited
      19. Sinopec Corp.
  7. Analyst Views
  8. Future Outlook of the Market