The global N-propanol market size reached US$ 299.5 Million in 2021 and it is likely to touch a valuation of US$ 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 US$ 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) | US$ 299.5 Million |
| Estimated Market Value (2022E) | US$ 308.6 Million |
| Projected Market Value (2032F) | US$ 420.6 Million |
| Value-based CAGR (2022 to 2032) | 3.1% |
| Collective Value Share: Top 3 Countries (2022E) | 36.6% |
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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.
Principal Consultant
Implementation of Stringent Rules & Regulations Limiting Market Expansion
Environmental rules, particularly in the chemical sector, are becoming more and more strict when it comes to the usage of chemically treated products that are also linked to the development of risks when used close to people.
Manufacturers are under pressure to comply with new rules, whether by altering their production techniques, raw materials, or formulations or by switching to environmentally friendly materials, which occasionally may have an impact on profit margins.
Additionally, rules in one or more of the regions that the supply chain passes through could limit the availability of some raw materials. All of these elements could result in an uneven distribution of supplies to satisfy consumer demand, which would limit the n-propanol market's expansion to some degree. For example:
On July 17, 2020, The Chinese Ministry of Commerce announced that Beijing will impose temporary additional duties on the imports of n-Propanol (NPA) from the United States, accusing Washington of exporting them at dumping prices.
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 US$ 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.
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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) | US$308.6 Million |
| Projected Market Size (2032) | US$ 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 | US$ 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 |
The global market for n-propanol is estimated to reach a valuation of US$ 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 US$ 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.
1. Executive Summary | N-Propanol Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Intermediates Innovation / Development Trends
4. Key Success Factors
4.1. Intermediates Adoption / Usage Analysis
4.2. Intermediates USPs / Features
4.3. Strategic Promotional Strategies
5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032
5.1. Historical Market Volume (Tons) Analysis, 2017 to 2021
5.2. Current and Future Market Volume (Tons) Projections, 2022 to 2032
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Global Average Pricing Analysis Benchmark
7. Global Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021
7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Outlook Global Economic Outlook
8.1.2. Global GDP Growth
8.1.3. Global Chemical Industry Overview
8.1.4. Global Cosmetics Market Outlook
8.1.5. Global Pharmaceutical Market Outlook
8.1.6. Global Paints & Coating Industry Overview
8.1.7. Other macro-economic factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. Top Companies Historical Growth
8.2.2. Economic Growth forecast
8.2.3. Pharmaceutical Industry Growth
8.2.4. Chemical Industrial Growth
8.2.5. Demand for Solvents & Intermediates
8.2.6. Demand for Personal Care Products
8.3. Value Chain Analysis
8.3.1. Manufacturers
8.3.2. Distributor
8.3.3. End User
8.4. COVID-19 Crisis – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Global Supply Demand Analysis
8.7. Key Regulations and Certifications
9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) and Volume Analysis By Application, 2017 to 2021
9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Application, 2022 to 2032
9.3.1. Solvents
9.3.2. Chemical Intermediates
9.3.3. Entrainer
9.3.4. Deicing Fluids
9.3.5. Others
9.4. Market Attractiveness Analysis By Application
10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by End Use
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) and Volume Analysis By End Use, 2017 to 2021
10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End Use, 2022 to 2032
10.3.1. Pharmaceuticals
10.3.2. Household and Personal Care
10.3.3. Products
10.3.4. Chemical Production
10.3.5. Coatings
10.3.6. Anti-freeze
10.3.7. Others
10.4. Market Attractiveness Analysis By End Use
11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
11.1. Introduction
11.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2017 to 2021
11.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2032
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. Middle East and Africa (MEA)
11.3.5. East Asia
11.3.6. South Asia and Pacific
11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
12.1. Introduction
12.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
12.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
12.3.1. By Country
12.3.1.1. USA
12.3.1.2. Canada
12.3.2. By Application
12.3.3. By End Use
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Application
12.4.3. By End Use
12.5. Drivers and Restraints - Impact Analysis
13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
13.1. Introduction
13.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
13.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
13.3.1. By Country
13.3.1.1. Brazil
13.3.1.2. Mexico
13.3.1.3. Rest of Latin America
13.3.2. By Application
13.3.3. By End Use
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Application
13.4.3. By End Use
13.5. Drivers and Restraints - Impact Analysis
14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
14.1. Introduction
14.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
14.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
14.3.1. By Country
14.3.1.1. Germany
14.3.1.2. Italy
14.3.1.3. France
14.3.1.4. United Kingdom
14.3.1.5. Spain
14.3.1.6. BENELUX
14.3.1.7. Russia
14.3.1.8. Rest of Europe
14.3.2. By Application
14.3.3. By End Use
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Application
14.4.3. By End Use
14.5. Drivers and Restraints - Impact Analysis
15. South Asia and Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032
15.1. Introduction
15.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
15.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
15.3.1. By Country
15.3.1.1. India
15.3.1.2. ASEAN
15.3.1.3. Australia and New Zealand
15.3.1.4. Rest of South Asia & Pacific
15.3.2. By Application
15.3.3. By End Use
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Application
15.4.3. By End Use
15.5. Drivers and Restraints - Impact Analysis
16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
16.1. Introduction
16.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
16.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
16.3.1. By Country
16.3.1.1. China
16.3.1.2. Japan
16.3.1.3. South Korea
16.3.2. By Application
16.3.3. By End Use
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Application
16.4.3. By End Use
16.5. Drivers and Restraints - Impact Analysis
17. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
17.1. Introduction
17.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
17.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
17.3.1. By Country
17.3.1.1. GCC Countries
17.3.1.2. Turkey
17.3.1.3. Northern Africa
17.3.1.4. South Africa
17.3.1.5. Rest of Middle East and Africa
17.3.2. By Application
17.3.3. By End Use
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Application
17.4.3. By End Use
17.5. Drivers and Restraints - Impact Analysis
18. Country-wise Market Analysis
18.1. Introduction
18.1.1. Market Value Proportion Analysis, By Key Countries
18.1.2. Global Vs. Country Growth Comparison
18.2. USA Market Analysis
18.2.1. By Application
18.2.2. By End Use
18.3. Canada Market Analysis
18.3.1. By Application
18.3.2. By End Use
18.4. Mexico Market Analysis
18.4.1. By Application
18.4.2. By End Use
18.5. Brazil Market Analysis
18.5.1. By Application
18.5.2. By End Use
18.6. Germany Market Analysis
18.6.1. By Application
18.6.2. By End Use
18.7. Italy Market Analysis
18.7.1. By Application
18.7.2. By End Use
18.8. France Market Analysis
18.8.1. By Application
18.8.2. By End Use
18.9. United Kingdom Market Analysis
18.9.1. By Application
18.9.2. By End Use
18.10. Spain Market Analysis
18.10.1. By Application
18.10.2. By End Use
18.11. Russia Market Analysis
18.11.1. By Application
18.11.2. By End Use
18.12. BENELUX Market Analysis
18.12.1. By Application
18.12.2. By End Use
18.13. China Market Analysis
18.13.1. By Application
18.13.2. By End Use
18.14. Japan Market Analysis
18.14.1. By Application
18.14.2. By End Use
18.15. S. Korea Market Analysis
18.15.1. By Application
18.15.2. By End Use
18.16. ASEAN Market Analysis
18.16.1. By Application
18.16.2. By End Use
18.17. Australia and New Zealand Market Analysis
18.17.1. By Application
18.17.2. By End Use
18.18. Turkey Market Analysis
18.18.1. By Application
18.18.2. By End Use
18.19. South Africa Market Analysis
18.19.1. By Application
18.19.2. By End Use
18.20. Northern Africa Market Analysis
18.20.1. By Application
18.20.2. By End Use
19. Market Structure Analysis
19.1. Market Analysis by Tier of Companies (N-Propanol)
19.2. Market Share Analysis of Top Players
19.3. Market Presence Analysis
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive Global
20.3.1. BASF SE
20.3.1.1. Overview
20.3.1.2. Intermediates Portfolio
20.3.1.3. Profitability by Market Segments (Application/End Use/Region)
20.3.1.4. Sales Footprint
20.3.1.5. Strategy Overview
20.3.2. The Dow Chemical Company
20.3.2.1. Overview
20.3.2.2. Intermediates Portfolio
20.3.2.3. Profitability by Market Segments (Application/End Use/Region)
20.3.2.4. Sales Footprint
20.3.2.5. Strategy Overview
20.3.3. Eastman Chemical Company
20.3.3.1. Overview
20.3.3.2. Intermediates Portfolio
20.3.3.3. Profitability by Market Segments (Application/End Use/Region)
20.3.3.4. Sales Footprint
20.3.3.5. Strategy Overview
20.3.4. Sasol Limited
20.3.4.1. Overview
20.3.4.2. Intermediates Portfolio
20.3.4.3. Profitability by Market Segments (Application/End Use/Region)
20.3.4.4. Sales Footprint
20.3.4.5. Strategy Overview
20.3.5. OQ Chemicals
20.3.5.1. Overview
20.3.5.2. Intermediates Portfolio
20.3.5.3. Profitability by Market Segments (Application/End Use/Region)
20.3.5.4. Sales Footprint
20.3.5.5. Strategy Overview
20.3.6. Spectrum Chemicals
20.3.6.1. Overview
20.3.6.2. Intermediates Portfolio
20.3.6.3. Profitability by Market Segments (Application/End Use/Region)
20.3.6.4. Sales Footprint
20.3.6.5. Strategy Overview
20.3.7. Solvay S.A.
20.3.7.1. Overview
20.3.7.2. Intermediates Portfolio
20.3.7.3. Profitability by Market Segments (Application/End Use/Region)
20.3.7.4. Sales Footprint
20.3.7.5. Strategy Overview
20.3.8. Dairen Chemical Corporation
20.3.8.1. Overview
20.3.8.2. Intermediates Portfolio
20.3.8.3. Profitability by Market Segments (Application/End Use/Region)
20.3.8.4. Sales Footprint
20.3.8.5. Strategy Overview
20.3.9. Zibo Nalcohol Chemical Co., Ltd.
20.3.9.1. Overview
20.3.9.2. Intermediates Portfolio
20.3.9.3. Profitability by Market Segments (Application/End Use/Region)
20.3.9.4. Sales Footprint
20.3.9.5. Strategy Overview
20.3.10. Solventis Ltd.
20.3.10.1. Overview
20.3.10.2. Intermediates Portfolio
20.3.10.3. Profitability by Market Segments (Application/End Use/Region)
20.3.10.4. Sales Footprint
20.3.10.5. Strategy Overview
20.3.11. Hefei TNJ Chemical Industry Co., Ltd.
20.3.11.1. Overview
20.3.11.2. Intermediates Portfolio
20.3.11.3. Profitability by Market Segments (Application/End Use/Region)
20.3.11.4. Sales Footprint
20.3.11.5. Strategy Overview
21. Assumptions and Acronyms Used
22. Research Methodology
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N-Propanol Market
