Propanol Market to Cross US$ 3 Bn by 2021
In line with the growing chemical and paints & coatings industries, worldwide, the propanol market has been generating revenue at a moderate pace. While sustainability norms are also impacting market growth, the use of propanol in various industrial and institutional cleaning formulations is creating new windows of opportunities. Exhibiting a steady CAGR of nearly 3%, global revenue of the propanol market will surpass US$ 3 Bn by 2021 end.
Frequently Asked Questions about Global Propanol Market
How will the propanol market fare in the future?
The propanol market is projected to register stable growth over the coming years. Rising environmental concerns over VOC-emitting chemicals could slightly decrease isopropanol sales, benefitting n-propanol during the projected timeline of the market.
Will increasing prices of petroleum feedstock affect the future trajectory of the propanol market?
Yes, volatility in petroleum feedstock prices could adversely impact market growth. Propylene is the key petroleum feedstock that is used for propanol production. However, to achieve growth in the future, manufacturers are inclined towards acetone-based propanol production.
Which application area holds potential growth opportunities for market players?
Solvent application is continuously dominating the market. Growing application in pharmaceuticals and household & personal care products is likely to surge the demand for propanol in the near future.
What is the degree of competition in the propanol market?
The global propanol market is moderately consolidated, as limited number of regional and local players operate in the landscape. Some players such as ExxonMobil Corporation, Royal Dutch Shell Plc, The Dow Chemical Company, and Sasol are estimated to account for over 40% of the global market
Which region will lead the global sales of propanol?
Asia Pacific remains the vanguard of the propanol market, with the emergence of China and India as two of the world’s largest chemical markets. China is continuously working on becoming self-sufficient in propanol to reduce imports from overseas.
Isopropanol Holds Over 90% Share
Isopropanol continues to account for a voluminous share of market revenue as compared to n-propanol. By 2025, isopropanol worth around US$ 3 Bn will be sold globally, which is why market players are significantly focused on this chemical. However, the sustainability trend is translating into rising demand for low volatile chemical compound (VOC) emitting chemicals, especially in food processing and pharmaceutical applications. This is paving the way for n-propanol, which will witness a slight increase in demand in the near future.
East Asia – Ground Zero for Propanol Market
The propanol market unveils huge potential in East Asia, which accounts for around a third of global demand. China and Japan are emerging as the epicenter of both, production and end-use consumption of propanol. With burgeoning chemical and pharmaceutical industries in these countries, market players are viewing East Asia from both, manufacturing and target market perspectives. While the markets in North America and Europe also contribute decently to global revenue, the former will outpace the latter over the next few years in terms of value.
* This data is only a representation. Actual data may vary and will be available in report.
Acetone-based Isopropanol – A Possible Breakthrough
Increased preference for light-feed petrochemicals in developed regional markets, dearth of propylene supply, and subsequent price hike are likely to impact the production of isopropanol from propylene feedstock. Such volatility in propylene prices, is, therefore, influencing isopropanol manufacturers to embrace acetone-based isopropanol production approaches. As the method delivers pharma- and electronic-grade isopropanol, production will be beneficial for the growth of the propanol market.
Isopropanol accounts for high market share
N-Propanol to see rising adoption
Direct solvent remains top application area
Application in chemical intermediates to surge
How Growth will Unfold
In 2019, propanol worth US$ 1.3 Bn was used as a direct solvent in paints & coatings, and inks, or to produce other solvents such as lacquer formulations and window cleaning agents. Owing to its high miscibility and low toxicity attributes, the adoption of propanol as a direct solvent across various industries - automotive and construction – will significantly contribute to stakeholders’ bottom lines. Manufacturers are also focusing on capitalizing on other application areas such as pharmaceuticals and household & personal care products.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Propanol Market Analysis 2019-2029
A recent market study published by FMI on the propanol market includes global industry analysis 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters of the propanol market, the growth prospects of the market are obtained with maximum precision.
Propanol Market Taxonomy
The global propanol market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
- Chemical Intermediates
- Household and Personal Care Products
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
The report begins with the executive summary of the propanol market, which includes a summary of key statistics and findings of the market. It also includes the supply and demand-side trends related to the propanol market.
Readers can find the definition and a detailed taxonomy of the propanol market in this chapter, which will help them understand the basic information about the propanol market. Along with this, comprehensive information pertaining to propanol and their properties are provided in this section. This section also highlights the inclusions and exclusions, which helps readers to understand the scope of the propanol market report.
The propanol market report provides key market trends that are projected to considerably impact the market growth during the forecast period. Detailed industry trends are also offered in this section.
This section includes key success factors and strategies adopted by key market players.
This section explains the global market volume analysis and forecast for the propanol market during the forecast period of 2019-2029. This chapter also includes a detailed analysis of the historical propanol market.
In this section, pricing analysis of the propanol market by type at regional level has been provided.
This section explains the global market value analysis and forecast for the propanol market during the forecast period of 2019-2029. This chapter provides a detailed analysis of the historical propanol market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029).
This chapter explains the key macro-economic factors that are projected to influence the growth of the propanol market during the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, forecast and relevance factors, patent analysis and value chain analysis for the propanol market. Moreover, in-depth information about the market dynamics and impact analysis on the market have been provided in the successive section.
On the basis of media type, the propanol market is segmented into n-propanol, and Isopropanol. In this chapter, readers can find information about the key trends and developments in the propanol market and market attractiveness analysis based on the type.
On the basis of application, the propanol market is segmented into solvent, chemical intermediate, pharmaceutical, household and personal care products, and others. In this chapter, readers can find information about the key trends and developments in the propanol market and market attractiveness analysis based on the application.
This chapter explains how the propanol market will grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America propanol market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis and market growth based on the type and application in North America.
This chapter provides the growth scenario of the propanol market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.
Important growth prospects of the propanol market based on its application in several countries such as Germany, Italy, the U.K., France, Spain, BENELUX, Russia, and the Rest of Europe are included in this chapter.
This chapter highlights the growth of the propanol market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers to understand the key factors that are responsible for the growth of the propanol market in East Asia
India, Malaysia, Indonesia, Thailand, and the Rest of South Asia are the prominent countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia propanol market. In this chapter, readers can find detailed information about the growth parameters of the South Asia Pacific propanol market during the forecast period of 2019-2029.
This chapter provides information about how the Propanol market is anticipated to grow in major countries of the Oceania region such as Australia and New Zealand, during the forecast period of 2019-2029.
This chapter provides information about how the propanol market is expected to grow in major countries in the MEA region such as GCC Countries, Turkey, South Africa, North Africa, and the Rest of MEA, during the forecast period of 2019-2029.
This section highlights growth prospects of the propanol market for emerging markets of China, India, and Mexico.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the propanol market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the propanol market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are BASF SE, Royal Dutch Shell Plc, ExxonMobil Corporation, Sasol, LG Chem Ltd., and Mitsui Chemical Inc., among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the propanol market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the propanol market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
- Industry Publications
- Industry Associations
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits