N-Propanol Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	220 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185628

Best Price Guarantee
Price	from $4,850
Length	220 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185628

N-Propanol Market

Growth Factors of N-Propanol Market

The N-Propanol market size was valued at USD 1613.1 million in 2023, and the market is now projected to grow from USD 1684.9 million in 2024 to USD 2374.1 million by 2032, exhibiting a CAGR of 4.3% during the forecast period of 2024-2032.

Some of the main challenges to face the market in the recent past, and especially since the acute COVID-19 outbreak, were interruptions in the functioning of manufacturing facilities and supply chains. It limited the access to necessary solvents for paint and coating manufacturers hence disrupting their operations. Also, the trend of street art contributed to the reduction of the paints and coatings growth as the demand for automobile also reduced.

As a result of the stakes of additional constructions prompted by growing population, coupled with rising disposable income, the global construction industry is rapidly expanding; this in the long-run causes high demand for paints and coatings. This is so because 1-Propanol, one of the solvents in these products, has its revenue increasing due to this factor. Preservation of structures from various harm such as corrosion is also improving the need for coatings too. Therefore, increasing construction industry especially in China, United State and India is expected to foster demand for n-propanol soon.

For using in food industry, the U. S. FDA has permitted the usage of n-propyl alcohol for its synthetic flavoring and adjuvants whereas the FAO/WHO has preferred its utilization as an extraction as well as the carrier solvent. Currently, Aurochemicals and Solventis are some of the companies that produce food grade alcohol as many people are embracing the use of flavored food products. Further, its use in areas as nail varnish removers, toothpaste, and perfumes, etc is expected to see good growth over the future due to growing awareness about beauty and cosmetic products among the buyers.

Comprehensive Analysis of N-Propanol Market

The N-Propanol market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by type analysis, and by application analysis. By type analysis include ethylene hydrogenation method, allyl alcohol hydrogenation method, and other compounds byproduct method. By application analysis include coatings, food additives, pharmaceutical, cosmetics, and others.

The Asia Pacific region lead the N-Propanol market share by benefitting a market size of USD 537.1 million in 2023 due to rapid industrialization, and urbanization.

The top players have a significant responsibility in the chemicals & advanced materials industry for confirming industrial prospectus growth and determining the market trends. These players include, BASF, Dow, Eastman, Oxea, Sasol, Wu Jiang Chemical, Nanjing Rongxin Chemical, Chang Chun Group, Ningbo Juhua Chemical, Zibo Nalcohol Chemical these market players provide a level-playing competitive landscape.

In April 2023, Oxea tripled its 1-propanol production capacity in Europe to meet high demand from hand sanitizer manufacturers and the printing industry.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 4.3% from 2024 to 2032

Unit Volume (Kiloton); Value (USD Million)

Segmentation By Type

- Ethylene Hydrogenation Method

- Allyl Alcohol Hydrogenation Method

- Other Compounds Byproduct Method

By Application

- Coatings

- Food Additive

- Pharmaceutical

- Cosmetics

- Printing Inks

- Chemical Intermediates

- Others

By Geography

- North America (By Type, By Application)

U.S.
Canada
Mexico

- Europe (By Type, By Application)

Germany
France
UK
Russia
Italy
Rest of Europe

- Asia Pacific (By Type, By Application)

China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia Pacific

- South America (By Type, By Application)

Brazil
Argentina
Rest of South America

- The Middle East & Africa (By Type, By Application)

Turkey
Egypt
Saudi Arabia
South Africa
Rest of the Middle East & Africa

Please Note:

1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Key Market Trends in the Global Market; 4.2. Key Developments: Mergers, Acquisition, Partnership, etc. .; 4.3. Latest Technological Advancement; 4.4. Insights on Sustainability; 4.5. Porters Five Forces Analysis; 4.6. Impact of COVID-19 on the Market
5. Global N-Propanol Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. By Type; 5.2.1. Ethylene Hydrogenation; 5.2.2. Allyl Alcohol Hydrogenation Method; 5.2.3. Other Compounds Byproduct Method; 5.3. By Application; 5.3.1. Coatings; 5.3.2. Food Additive; 5.3.3. Pharmaceutical; 5.3.4. Cosmetic; 5.3.5. Others; 5.4. By Region; 5.4.1. North America; 5.4.2. Europe; 5.4.3. Asia Pacific; 5.4.4. South America; 5.4.5. Middle East & Africa
6. North America N-Propanol Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. By Type; 6.2.1. Ethylene Hydrogenation; 6.2.2. Allyl Alcohol Hydrogenation Method; 6.2.3. Other Compounds Byproduct Method; 6.3. By Application; 6.3.1. Coatings; 6.3.2. Food Additive; 6.3.3. Pharmaceutical; 6.3.4. Cosmetics; 6.3.5. Others; 6.4. By Country; 6.4.1. U.S; 6.4.2. Canada; 6.4.3. Mexico
7. Europe N-Propanol Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. By Type; 7.2.1. Ethylene Hydrogenation; 7.2.2. Allyl Alcohol Hydrogenation Method; 7.2.3. Other Compounds Byproduct Method; 7.3. By Application; 7.3.1. Coatings; 7.3.2. Food Additive; 7.3.3. Pharmaceutical; 7.3.4. Cosmetics; 7.3.5. Others; 7.4. By Country; 7.4.1. Germany; 7.4.2. France; 7.4.3. U.K.; 7.4.4. Russia; 7.4.5. Italy; 7.4.6. Rest of Europe
8. Asia-Pacific N-Propanol Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. By Type; 8.2.1. Ethylene Hydrogenation; 8.2.2. Allyl Alcohol Hydrogenation Method; 8.2.3. Other Compounds Byproduct Method; 8.3. By Application; 8.3.1. Coatings; 8.3.2. Food Additive; 8.3.3. Pharmaceutical; 8.3.4. Cosmetics; 8.3.5. Others; 8.4. By Country; 8.4.1. China; 8.4.2. Japan; 8.4.3. South Korea; 8.4.4. India; 8.4.5. Southeast Asia; 8.4.6. Australia; 8.4.7. Rest of Asia-Pacific
9. South America N-Propanol Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. By Type; 9.2.1. Ethylene Hydrogenation; 9.2.2. Allyl Alcohol Hydrogenation Method; 9.2.3. Other Compounds Byproduct Method; 9.3. By Application; 9.3.1. Coatings; 9.3.2. Food Additive; 9.3.3. Pharmaceutical; 9.3.4. Cosmetics; 9.3.5. Others; 9.4. By Country; 9.4.1. Brazil; 9.4.2. Argentina; 9.4.3. Rest of South America
10. Middle East & Africa N-Propanol Market Analysis, Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. By Type; 10.2.1. Ethylene Hydrogenation; 10.2.2. Allyl Alcohol Hydrogenation Method; 10.2.3. Other Compounds Byproduct Method; 10.3. By Application; 10.3.1. Coatings; 10.3.2. Food Additive; 10.3.3. Pharmaceutical; 10.3.4. Cosmetics; 10.3.5. Others; 10.4. By Country; 10.4.1. Turkey; 10.4.2. Egypt; 10.4.3. Saudi Arabia; 10.4.4. South Africa; 10.4.5. Rest of the Middle East & Africa
11. Company Profiles: 11.1. BASF; 11.1.1. Overview; 11.1.2. Description; 11.1.3. Product Portfolio; 11.1.4. Financials (Data as available in public domain and/or on paid databases); 11.1.5. Recent Developments; 11.2. Dow; 11.2.1. Overview; 11.2.2. Description; 11.2.3. Product Portfolio; 11.2.4. Financials (Data as available in public domain and/or on paid databases); 11.2.5. Recent Developments; 11.3. Eastman; 11.3.1. Overview; 11.3.2. Description; 11.3.3. Product Portfolio; 11.3.4. Financials (Data as available in public domain and/or on paid databases); 11.3.5. Recent Developments; 11.4. Oxea; 11.4.1. Overview; 11.4.2. Description; 11.4.3. Product Portfolio; 11.4.4. Financials (Data as available in public domain and/or on paid databases); 11.4.5. Recent Developments; 11.5. Sasol; 11.5.1. Overview; 11.5.2. Description; 11.5.3. Product Portfolio; 11.5.4. Financials (Data as available in public domain and/or on paid databases); 11.5.5. Recent Developments; 11.6. Wu Jiang Chemical; 11.6.1. Overview; 11.6.2. Description; 11.6.3. Product Portfolio; 11.6.4. Financials (Data as available in public domain and/or on paid databases); 11.6.5. Recent Developments; 11.7. Nanjing Rongxin Chemical; 11.7.1. Overview; 11.7.2. Description; 11.7.3. Product Portfolio; 11.7.4. Financials (Data as available in public domain and/or on paid databases); 11.7.5. Recent Developments; 11.8. Chang Chun Group; 11.8.1. Overview; 11.8.2. Description; 11.8.3. Product Portfolio; 11.8.4. Financials (Data as available in public domain and/or on paid databases); 11.8.5. Recent Developments; 11.9. Ningbo Juhua Chemical; 11.9.1. Overview; 11.9.2. Description; 11.9.3. Product Portfolio; 11.9.4. Financials (Data as available in public domain and/or on paid databases); 11.9.5. Recent Developments; 11.10. Zibo Nalcohol Chemical; 11.10.1. Overview; 11.10.2. Description; 11.10.3. Product Portfolio; 11.10.4. Financials (Data as available in public domain and/or on paid databases); 11.10.5. Recent Developments
12. Strategic Recommendations