Europe Propanol Market Size, Share & Trends Analysis Report By Type (Isopropanol and n-propanol and Other n-propanol Applications), By Country and Growth Forecast, 2024 - 2031

Europe Propanol Market Size, Share & Trends Analysis Report By Type (Isopropanol and n-propanol and Other n-propanol Applications), By Country and Growth Forecast, 2024 - 2031

The Europe Propanol Market would witness market growth of 5.9% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 556.14 kilo tonnes, showcasing a growth of 18.3% (2020-2024).

The Germany market dominated the Europe Propanol Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $314.8 million by 2031. The UK market is experiencing a CAGR of 5.1% during (2024 - 2031). Additionally, The France market would exhibit a CAGR of 6.7% during (2024 - 2031).

Propanol is widely employed for cleaning and degreasing electronic components, such as circuit boards and semiconductor devices. Its high solvency and evaporation rates enable the efficient removal of contaminants, flux residues, and soldering fluxes without leaving behind any residues. Propanol-based cleaning solutions are crucial for maintaining the reliability and performance of electronic equipment in industries ranging from consumer electronics to aerospace.

Also, in the printing industry, propanol serves as a key component in the formulation of inks for various printing processes, including offset, flexographic, and gravure printing. Propanol-based inks offer advantages such as fast drying times, high color intensity, and excellent printability, making them suitable for high-speed printing applications. These inks are used to produce packaging materials, labels, newspapers, and magazines, among other printed materials.

The expansion of the solvents industry creates growth opportunities for propanol manufacturers and suppliers. With the increasing industrial activities, construction projects, and consumer demand in Europe, there is a corresponding need for solvents like propanol. This provides a chance for manufacturers of propanol to increase their market share and meet the increasing demand in the area. Also, the growth of the solvents industry fosters technological advancements and innovation in propanol production processes.

European manufacturers invest in research and development initiatives to improve production efficiency, reduce environmental impact, and enhance product quality. These advancements contribute to European propanol products’ competitiveness in domestic and international markets. Thus, the thriving solvents industry in Europe is driving the market’s growth.

Based on Type, the market is segmented into Isopropanol (Direct Solvent, Chemical Intermediate, Pharmaceuticals, Household & Personal Care, and Other Isopropanol Applications), and n-propanol (Chemical Intermediate, Direct Solvent, and Other n-propanol Applications). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

• Exxon Mobil Corporation
• Solvay SA
• BASF SE
• The Dow Chemical Company
• Sasol Limited
• Eastman Chemical Company
• Tokuyama Corporation
• Mitsui Chemicals, Inc.
• Shell plc
• Huntsman Corporation

Europe Propanol Market Report Segmentation

By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Isopropanol
• Direct Solvent
• Chemical Intermediate
• Pharmaceuticals
• Household & Personal Care
• Other Isopropanol Applications
• n-propanol
• Chemical Intermediate
• Direct Solvent
• Other n-propanol Applications

By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe