The global N-propanol market size reached USD 299.5 Million in 2021 and it is likely to touch a valuation of USD 308.6 Million in 2022. Furthermore, with rising application in solvents, deicing fluids, and chemical intermediates, the overall sales of N-propanol are projected to rise at 3.1% CAGR between 2022 and 2032, topping a valuation of USD 420.6 Million by 2032.
1-Propanol is formed naturally in a very small amount through numerous fermentation processes and is generally used as a solvent in various industries, mainly for resins and cellulose esters.
N-propanol is manufactured on a large scale industrially by catalytic hydrogenation of propionaldehyde. As a solvent, its application includes flexographic printing inks and textiles, personal care and cosmetics, pharmaceuticals, and cleaners for electronic and household applications.
Robust growth of industries such as pharmaceutical, paint & coatings, personal care, and chemicals coupled with increasing application of n-propanol across these sectors is expected to drive the global market forward during the forecast period.
N-propanol is being extensively used as a solvent and chemical intermediate across various industries for manufacturing a wide range of products including pharmaceuticals, cosmetics, inks, paints, and coatings.
Hence, increasing consumption of these products will eventually boost sales of n-propanol during the projection period.
In the cosmetics industry, this kind of alcohol (n-propanol) can be found in nail polish removers, toothpaste, dental lotions, and perfumes. Over the course of the projection period, growth prospects are anticipated to be brought on by consumers' knowledge of beauty and cosmetics products.
Similarly, the growing popularity of n-propanol in the food & beverage industry will create lucrative opportunities for manufacturers over the next ten years.
The use of n-propyl alcohol in the food industry is permitted by the USA Food and Drug Administration (FDA), including as adjuvants and synthetic flavorings agents.
The Joint FAO/WHO Committee suggested that this form of alcohol only be used as an extraction solvent, a carrier solvent, and a flavoring agent in the food industry.
As a result, companies like Solventis have begun to supply alcohol in food-grade forms. The market demand will increase as customers' preferences for flavored food products continues to grow.
Currently, the n-propanol market accounts for around 20% to 25% of the global propanol market and this number is expected to further surge during the forthcoming years as demand for pharmaceuticals, paints, cosmetics, and coatings continues to rise.
Regionally, East Asia will remain a leading consumer of n-propanol, accounting for about one-third of the overall n-propyl alcohol consumption during the forecast period. The rapid growth of pharmaceutical and construction industries and the large presence of key manufacturers are driving the demand for n-propanol across East Asia.
Attribute | Key Insights |
---|---|
N-Propanol Market Base Value (2021A) | USD 299.5 Million |
Estimated Market Value (2022E) | USD 308.6 Million |
Projected Market Value (2032F) | USD 420.6 Million |
Value-based CAGR (2022 to 2032) | 3.1% |
Collective Value Share: Top 3 Countries (2022E) | 36.6% |
The overall market for n-propanol witnessed year-over-year growth of about 1.7% to 3.1% during the past few years. However, based on the current estimations, the global n-propyl alcohol market is projected to grow at about 3.1% CAGR between 2022 and 2032
. Demand for n-propanol has been consistently growing owing to the robust growth of the end-use industries such as pharmaceuticals, coatings, and personal care.
1-propanol is substantially used as an industrial solvent in prominent chemical sectors. It is utilized for the production of a variety of products, including paints and inks, adhesives, cosmetics, plastics, rubber, and coatings. They are effective solvents due to their miscibility with water and little reactivity towards the bulk of common compounds.
Globally, rising infrastructure spending in developing nations is anticipated to significantly boost demand for goods including paints and coatings, adhesives, and industrial machinery. This in turn will have a favorable knock-on effect on n-propanol usage.
Significant growth potential exists in emerging economies such as those in the Asia Pacific. There is a considerable demand for n-propanol products in countries such as India and China owing to the booming construction, chemical, and paint & coatings industries.
Since the chemical industry is consolidated, investments in product development by key manufacturers and rapid industrialization & urbanization could create a significant opportunity for n-propanol manufacturers.
Furthermore, the rising prevalence of chronic diseases coupled with increasing production and consumption of pharmaceuticals will boost sales of n-propanol during the projection period.
Widening Applications in Pharmaceutical and Coating Industries Boost market
The growth of n-propanol is expressively driven by increasing usage in the pharmaceutical and coating industries. N-propanol finds application as a chemical intermediate, solvent, and organic synthesis in many industries. It is mainly used as a solvent in solvent-based coatings, pharmaceuticals, paints, etc.
Owing to the growing usage of n-propanol as a solvent in pharmaceutical and coating industries, a positive growth trajectory has been predicted by FMI for the global n-propyl alcohol market during the forecast period.
Moreover, as an inert ingredient, n-propanol is a cosolvent and solvent in many pesticide products, including those used in agriculture. Thus, growing demand for these pesticide products will eventually boost the sales of n-propanol over the projected period.
Widening Applications in Pharmaceutical and Coating Industries Boost market
The growth of n-propanol is expressively driven by increasing usage in the pharmaceutical and coating industries. N-propanol finds application as a chemical intermediate, solvent, and organic synthesis in many industries. It is mainly used as a solvent in solvent-based coatings, pharmaceuticals, paints, etc.
Owing to the growing usage of n-propanol as a solvent in pharmaceutical and coating industries, a positive growth trajectory has been predicted by FMI for the global n-propyl alcohol market during the forecast period.
Moreover, as an inert ingredient, n-propanol is a cosolvent and solvent in many pesticide products, including those used in agriculture. Thus, growing demand for these pesticide products will eventually boost the sales of n-propanol over the projected period.
Increasing Usage of N-Propanol in the Pharmaceutical Industry Driving Sales in the USA
Demand for propyl alcohol is expected to rise at a steady pace across the USA during the next ten years, owing to the substantial development in the manufacturing industries and chemical industries.
Similarly, a strong end-user presence in the country has resulted in higher demand for N-propanol as compared with the domestic supply capacity.
The USA is estimated to be a key importer of 1-propanol all over the globe with import volume reaching about 34,110.6 tons in 2021.
Substantial production of pharma drugs and medicines, strong development in the coatings industries, and higher demand for cosmetics are expected to emerge as the key driving factors for the propan-1-ol in the USA
Robust Growth of Construction Industry to Elevate Demand for N-Propanol in China
As per FMI, China is anticipated to be a leading country in terms of the consumption of n-propyl alcohol in the global market. The consumption of n-propyl alcohol in China is estimated to witness a 3.5% growth over the assessment period of 2022 and 2032. The country has an immense old-age population that creates a huge demand for medicine and pharma products.
To cater to such a huge demand, pharmaceutical giants in the country are ramping up their production capacities. They are extensively using solvents like m-propanol for manufacturing various medicines and pharma products.
Additionally, the increasing demand for paints and coatings owing to the rapid development in the construction industry is boosting sales of n-propanol in the country.
According to the data provided by the institute of civil engineers, the construction output will rise by 86 percent to USD 16.5 trillion by 2030 globally, with three countries China, India, and the USA leading the pack. Thus, the expansion of the construction industry in the USA will continue to generate high demand for products like n-propanol over the next ten years.
Solvents and Chemical Intermediates to Remain Lucrative Applications of N-Propanol
Solvents and chemical intermediates will remain the key applications of n-propanol during the forecast period, owing to the growing demand for the production of various drugs and medicine, pesticide products, and other chemicals.
n-propanol is used as an intermediate and as raw material for the production of various organic compounds including esters, halides, propyl amines, and propyl acetate.
The increasing need for intermediates in the chemical industries for the manufacturing of organic derivatives, pesticides, antifreeze compositions, and certain organic chemicals is expected to propel the growth of the n-propanol market.
Similarly, n-propanol is being increasingly used as a solvent in the manufacturing of pharmaceuticals, dental lotions, paint additives, fuel additives, pigments, coatings, de-greasing fluids, etc. Thus, growing demand and consumption of these products will continue to boost sales of n-propanol over the next decade.
Additionally, the rising usage of this chemical as a laboratory reagent is also expected to benefit the n-propanol industry owing to increasing investment in research and development.
Due to a rise in the demand for n-propanol, more expansion activities have been seen over the last several years. Market players are raising their installed capacity in order to meet the escalating demand from the end-use industries.
Due to the significant growth of the paints and coatings industry, additionally, market competitors are concentrating on producing solvents and chemical intermediates. For Instance,
Attribute | Details |
---|---|
Estimated Market Size (2022) | USD 308.6 Million |
Projected Market Size (2032) | USD 420.6 Million |
Anticipated Growth Rate (2022 to 2032) | 3.1% CAGR |
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | USD Million for Value and Tons for Volume |
Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, South Africa |
Key Segments Covered | Application, End Use, and Region |
Key Companies Profiled | BASF SE; The Dow Chemical Company; Eastman Chemical Company; Sasol Limited; OQ Chemicals; Spectrum Chemicals; Solvay S.A.; Dairen Chemical Corporation; Zibo Nalcohol Chemical Co., Ltd.; Solventis Ltd.; Hefei TNJ Chemical Industry Co., Ltd.; Others |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Table 01: Global Market Size Volume (Tons) and Value (US$ Million) Forecast By Application, 2017 to 2032
Table 02: Global Market Value (US$ Million) and (Volume (Tons) Forecast By End Use, 2017 to 2032
Table 03: Global Market Size Volume (Tons) and Value (US$ Million) Forecast By Region, 2017 to 2032
Table 04: North America Market Size Volume (Tons) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 05: North America Market Size Volume (Tons) and Value (US$ Million) Forecast By Application, 2017 to 2032
Table 06: North America Market Size Value (US$ Million) and Volume (Tons) Forecast By End Use, 2017 to 2032
Table 07: Latin America Market Size Volume (Tons) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 08: Latin America Market Size Volume (Tons) and Value (US$ Million) Forecast By Application, 2017 to 2032
Table 09: Latin America Market Size Value (US$ Million) and Volume (Tons) Forecast By End Use, 2017 to 2032
Table 10: Europe Market Size Volume (Tons) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 11: Europe Market Size Volume (Tons) and Value (US$ Million) Forecast By Application, 2017 to 2032
Table 12: Europe Market Size Value (US$ Million) and Volume (Tons) Forecast By End Use, 2017 to 2032
Table 13: East Asia Market Size Volume (Tons) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 14: East Asia Market Size Volume (Tons) and Value (US$ Million) Forecast By Application, 2017 to 2032
Table 15: East Asia Market Size Value (US$ Million) and Volume (Tons) Forecast By End Use, 2017 to 2032
Table 16: South Asia Pacific Market Size Volume (Tons) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 17: South Asia Pacific Market Size Volume (Tons) and Value (US$ Million) Forecast By Application, 2017 to 2032
Table 18: South Asia Pacific Market Size Value (US$ Million) and Volume (Tons) Forecast By End Use, 2017 to 2032
Table 19: MEA Market Size Volume (Tons) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 20: MEA Market Size Volume (Tons) and Value (US$ Million) Forecast By Application, 2017 to 2032
Table 21: MEA Market Size Value (US$ Million) and Volume (Tons) Forecast By End Use, 2017 to 2032
Figure 01: Global Market Historical Volume (Tons), 2017 to 2021
Figure 02: Global Market Current and Forecast Volume (Tons), 2022 to 2032
Figure 03: Global Market Historical Value (US$ Million), 2017 to 2021
Figure 04: Global Market Current and Forecast Value (US$ Million), 2022 to 2032
Figure 05: Global Market Incremental $ Opportunity (US$ Million), 2022 to 2032
Figure 06: Global Market Share and BPS Analysis By Application – 2022 & 2032
Figure 07: Global Market Y-o-Y Growth Projections By Application, 2022 to 2032
Figure 08: Global Market Attractiveness Analysis By Application, 2022 to 2032
Figure 09: Global Market Absolute $ Opportunity by Solvent Segment, 2017 to 2032
Figure 10: Global Market Absolute $ Opportunity by Chemical Intermediate Segment, 2017 to 2032
Figure 11: Global Market Absolute $ Opportunity by Entrainer Segment, 2017 to 2032
Figure 12: Global Market Absolute $ Opportunity by De-icing Fluids Segment, 2017 to 2032
Figure 13: Global Market Absolute $ Opportunity by Others Segment, 2017 to 2032
Figure 14: Global Market Share and BPS Analysis By End Use– 2022 & 2032
Figure 15: Global Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 17: Global Market Absolute $ Opportunity by Pharmaceuticals Segment, 2017 to 2032
Figure 18: Global Market Absolute $ Opportunity by Household and Personal Care Products Segment, 2017 to 2032
Figure 19: Global Market Absolute $ Opportunity by Chemical Production Segment, 2017 to 2032
Figure 20: Global Market Absolute $ Opportunity by Coatings Segment, 2017 to 2032
Figure 21: Global Market Absolute $ Opportunity by Anti-Freeze Segment, 2017 to 2032
Figure 22: Global Market Absolute $ Opportunity by Others Segment, 2017 to 2032
Figure 23: Global Market Share and BPS Analysis By Region– 2022 & 2032
Figure 24: Global Market Y-o-Y Growth Projections By Region, 2022 to 2032
Figure 25: Global Market Attractiveness Analysis By Region, 2022 to 2032
Figure 26: Global Market Absolute $ Opportunity by North America Segment, 2017 to 2032
Figure 27: Global Market Absolute $ Opportunity by Latin America Segment, 2017 to 2032
Figure 28: Global Market Absolute $ Opportunity by Europe Segment, 2017 to 2032
Figure 29: Global Market Absolute $ Opportunity by East Asia Segment, 2017 to 2032
Figure 30: Global Market Absolute $ Opportunity by South Asia Pacific Segment, 2017 to 2032
Figure 31: Global Market Absolute $ Opportunity by Segment, 2017 to 2032
Figure 32: North America Market Share and BPS Analysis By Country– 2022 & 2032
Figure 33: North America Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 34: North America Market Attractiveness Projections By Country, 2022 to 2032
Figure 35: North America Market Share and BPS Analysis By Application – 2022 & 2032
Figure 36: North America Market Y-o-Y Growth Projections By Application, 2022 to 2032
Figure 37: North America Market Attractiveness Analysis By Application, 2022 to 2032
Figure 38: North America Market Share and BPS Analysis By End Use– 2022 & 2032
Figure 39: North America Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 40: North America Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 41: Latin America Market Share and BPS Analysis By Country– 2022 & 2032
Figure 42: Latin America Market Y-o-Y Growth Projections By Country, 2020 to 2031
Figure 43: Latin America Market Attractiveness Projections By Country, 2020 to 2031
Figure 44: Latin America Market Share and BPS Analysis By Application – 2022 & 2032
Figure 45: Latin America Market Y-o-Y Growth Projections By Application, 2022 to 2032
Figure 46: Latin America Market Attractiveness Analysis By Application, 2022 to 2032
Figure 47: Latin America Market Share and BPS Analysis By End Use– 2022 & 2032
Figure 48: Latin America Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 49: Latin America Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 50: Europe Market Share and BPS Analysis By Country– 2022 & 2032
Figure 51: Europe Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 52: Europe Market Attractiveness Projections By Country, 2022 to 2032
Figure 53: Europe Market Share and BPS Analysis By Application – 2022 & 2032
Figure 54: Europe Market Y-o-Y Growth Projections By Application, 2022 to 2032
Figure 55: Europe Market Attractiveness Analysis By Application, 2022 to 2032
Figure 56: Europe Market Share and BPS Analysis By End Use– 2022 & 2032
Figure 57: Europe Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 58: Europe Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 59: East Asia Market Share and BPS Analysis By Country– 2022 & 2032
Figure 60: East Asia Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 61: East Asia Market Attractiveness Projections By Country, 2022 to 2032
Figure 62: East Asia Market Share and BPS Analysis By Application – 2022 & 2032
Figure 63: East Asia Market Y-o-Y Growth Projections By Application, 2022 to 2032
Figure 64: East Asia Market Attractiveness Analysis By Application, 2022 to 2032
Figure 65: East Asia Market Share and BPS Analysis By End Use– 2022 & 2032
Figure 66: East Asia Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 67: East Asia Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 68: South Asia Pacific Market Share and BPS Analysis By Country– 2022 & 2032
Figure 69: South Asia Pacific Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 70: South Asia Pacific Market Attractiveness Projections By Country, 2022 to 2032
Figure 71: South Asia Pacific Market Share and BPS Analysis By Application – 2022 & 2032
Figure 72: South Asia Pacific Market Y-o-Y Growth Projections By Application, 2022 to 2032
Figure 73: South Asia Pacific Market Attractiveness Analysis By Application, 2022 to 2032
Figure 74: South Asia Pacific Market Share and BPS Analysis By End Use– 2022 & 2032
Figure 75: South Asia Pacific Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 76: South Asia Pacific Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 77: MEA Market Share and BPS Analysis By Country– 2022 & 2032
Figure 78: MEA Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 79: MEA Market Attractiveness Projections By Country, 2022 to 2032
Figure 80: MEA Market Share and BPS Analysis By Application – 2022 & 2032
Figure 81: MEA Market Y-o-Y Growth Projections By Application, 2022 to 2032
Figure 82: MEA Market Attractiveness Analysis By Application, 2022 to 2032
Figure 83: MEA Market Share and BPS Analysis By End Use– 2022 & 2032
Figure 84: MEA Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 85: MEA Market Attractiveness Analysis By End Use, 2022 to 2032
The global market for n-propanol is estimated to reach a valuation of USD 308.6 Million in 2022.
Demand for n-propanol is anticipated to increase at 3.1% CAGR over the forecast period of 2022 and 2032 in terms of value.
By 2032, the global n-propanol industry is expected to reach a valuation of USD 420.6 Million.
Solvents will remain a key application of the n-propanol and the segment is estimated to consume about 48.3% of the global n-propanol consumption.
Key players in the global n-propanol industry are expected to account for about 75 to 80% of the overall market share.
The top countries driving demand for n-propanol are China, the USA, ASEAN, and India.
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