Propanol Plays Big Role In Chemical Intermediates & Pharmaceuticals Industry By 2018


Posted July 27, 2016 by RohitBhagare

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

 
The report, “Propanol (Isopropanol & N-Propanol) Market By Applications (Solvents, Chemical Intermediates, Pharmaceuticals & Others) & Geography – Trends And Forecasts To 2018” define and segment the global isopropanol & n-propanol market with analysis and forecasting of the global consumption volume.
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Key content of this market:
Currently, a large volume of isopropanol and n-propanol is used as a solvent in various industries. The demand growth of n-propanol as a direct solvent is quite high while isopropanol consumption as a solvent is growing at a lower CAGR, which is majorly due to stringent norms on volatile organic compound emissions. Isopropanol use in pharmaceutical industry is driving its demand significantly and is expected to show the highest CAGR from 2013 to 2018.
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http://www.marketsandmarkets.com/Market-Reports/isopropyl-alcohol-and-n-propanol-market-1113.html
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.
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

U.S. - Biggest Market of Isopropanol & N-Propanol
U.S. is the world’s largest consumer of isopropanol and n-propanol 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 quiet 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.
“Solvents - The Biggest and 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.
The major opportunity in the propanol market can be understood by examining the pharmaceutical industry growth in various countries such as China and India. Isopropanol is significantly used in the pharmaceutical industry as an antiseptic, disinfectant, mouthwash solutions, and is employed in capsule & tablet manufacturing. India and China are among the major markets which employ isopropanol in pharmaceutical applications at a large scale.
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Issued By Rohit Bhagare
Country India
Categories Consumer , Industry , Research
Last Updated July 27, 2016