Propanol (Isopropanol & N-Propanol) Market 2,745.8 kilotons by 2018, signifying firm annualized growth rate of 3.9%. The global propanol market, including isopropanol and n-propanol, has witnessed a significant growth in the past few years and this growth is estimated to continue in the coming years. Both isopropanol and n-propanol are among the most widely used solvents and are also employed for manufacturing various industrial chemicals, additionally isopropanol finds significant applications in pharmaceuticals. Isopropanol is considered as a viable substitute for other organic solvents and its volumetric consumption is far more than that of n-propanol.

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U.S. - Biggest Market of Isopropanol & N-Propanol

U.S. is the world's largest consumer of Isopropanol and N-Propanol Market with the highest production capacity around the globe. The country is at the front to implement isopropanol as well as n-propanol in diverse applications. Isopropanol consumption in the country is projected to grow at a CAGR of around 2.1% from 2013 to 2018, while the n-propanol demand is estimated to grow at a quite higher CAGR during the same period. The country has employed isopropanol for as a solvent in various industries and as a key raw material for manufacturing other industrial chemicals. The demand growth of isopropanol is majorly driven by its use in cosmetics, household products and pharmaceuticals while the demand growth of n-propanol in the country is line with the growth of its major applications including its use as a solvent and for manufacturing n-propyl acetate.

"Solvents - The Biggest & Pharmaceuticals - The Fastest Growing" Isopropanol Markets while "Direct Solvents - The Biggest & Fastest Growing" N-Propanol Market

Isopropanol is the most widely used solvent mostly due to its excellent solvency properties. Currently more than half of the total global consumption is by solvents application but the demand growth is quiet moderate due to environment regulations on volatile organic compounds. Isopropanol demand by solvents segment is very high in U.S., followed by China, Germany, and Japan. Isopropanol is also used in pharmaceutical industry as a rubbing alcohol and for manufacturing various medicines. India, China, U.S., and France are the biggest consumers of isopropanol for pharmaceutical applications and the global demand growth of pharmaceuticals application is estimated to be over 5.0% from 2013 to 2018. N-Propanol is majorly used as a direct solvent in flexographic & other printing inks, coatings industry, and as a process solvent. The n-Propanol market is subjugated by direct solvents application, consuming more than 40.0% of n-propanol in 2012. It is also the fastest growing market of n-propanol which is in line with the demand growth in countries like U.S. and Germany, which are also the biggest consumers of n-propanol as a direct solvent.

This study provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market. Both bottom-up & top-down approaches are used to estimate the global while country level market sizes and country level consumption volumes are obtained and estimated through extensive secondary research with emphasis on production and trade at country level. Historic data is collected from different industry associations, magazines, company websites, and their annual reports.

We have profiled leading players of this industry with their recent developments and other strategic industry activities. These include: Royal Dutch Shell Plc (The Netherlands), The Dow Chemical Company (U.S.), ExxonMobil Chemical Company (U.S.), Sasol Limited (South Africa), BASF SE (Germany), Eastman Chemical Company (U.S.), Mitsui Chemicals Inc. (Japan), LG Chem. Ltd (South Korea), etc.

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