Global Propanol (Isopropanol & N-Propanol) Market Size, Share, Growth Analysis Report - Forecast 2034

Propanol (Isopropanol & N-Propanol) Market: Industry Perspective

The global propanol (isopropanol & n-propanol) market size was worth around USD 400.21 Million in 2024 and is predicted to grow to around USD 703.31 Million by 2034 with a compound annual growth rate (CAGR) of roughly 5.8% between 2025 and 2034. The report analyzes the global propanol (isopropanol & n-propanol) market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the propanol (isopropanol & n-propanol) industry.

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Propanol (Isopropanol & N-Propanol) Market: Overview

Propanol is also referred to as isopropanol or n-propanol. It is a colorless alcohol and is used extensively as a solvent in various end-user verticals. It has high applications in the pharmaceuticals, resins, and coatings industry due to the various physical and chemical attributes of the chemical. The industry refers to the trading relationship shared between various stakeholders that are involved in the production, storage, and distribution of propanol for further processing or application. Isopropanol, also known as 2-propanol, is used during the production of various personal care, cosmetics, and cleaning products. The role it plays during the manufacturing is of a solvent. It has wide applications in the production of acetone or can be used as a disinfectant. N-propanol or 1-propanol is mostly used in the pharmaceutical sector or to produce ink for painting purposes. It is also used in the cosmetics industry. The fraternity is expected to grow at a slow CAGR during the forecast period.

Key Insights

• As per the analysis shared by our research analyst, the global propanol (isopropanol & n-propanol) market is estimated to grow annually at a CAGR of around 5.8% over the forecast period (2025-2034).
• Regarding revenue, the global propanol (isopropanol & n-propanol) market size was valued at around USD 400.21 Million in 2024 and is projected to reach USD 703.31 Million by 2034.
• The propanol (isopropanol & n-propanol) market is projected to grow at a significant rate due to rising demand from pharmaceuticals, cosmetics, and chemical industries, increasing use as a solvent and disinfectant, and growth in cleaning product applications.
• Based on Type, the Isopropanol segment is expected to lead the global market.
• On the basis of Application, the Pharmaceutical segment is growing at a high rate and will continue to dominate the global market.
• Based on region, Asia-Pacific is predicted to dominate the global market during the forecast period.

Propanol (Isopropanol & N-Propanol) Market: Dynamics

Key Growth Drivers:

The propanol (isopropanol & n-propanol) market is primarily driven by the increasing demand for disinfectants, sanitizers, and cleaning agents, especially in healthcare, pharmaceutical, and personal care industries. The rise in awareness about hygiene and sanitation, accelerated by global health concerns, fuels the consumption of isopropanol-based products. Propanol’s widespread application in cosmetics, paints, coatings, and solvents also supports market growth. Furthermore, the growth of the pharmaceutical and electronics industries, which require high-purity propanol for manufacturing and cleaning processes, contributes significantly to the expanding market demand.

Restraints:

The propanol market faces restraints due to fluctuating raw material prices and dependence on petroleum-based feedstocks, which are subject to supply chain volatility. Strict environmental regulations regarding volatile organic compound (VOC) emissions and hazardous chemical handling increase compliance costs for manufacturers. Additionally, health concerns related to prolonged exposure to propanol, such as respiratory and skin irritation, can limit its usage in certain applications. Competition from alternative solvents and alcohols that offer similar performance with lower environmental impact also restrains market expansion.

Opportunities:

Rising investments in the pharmaceutical, cosmetics, and electronics sectors present significant growth opportunities for the propanol market. The surge in demand for hand sanitizers and disinfectants, driven by heightened hygiene awareness, is expected to create new avenues for isopropanol. Expanding applications in industrial cleaning, coatings, and chemical intermediates further broaden the market scope. Additionally, increasing adoption of propanol in emerging economies due to expanding manufacturing capabilities and infrastructure development offers promising prospects for growth. Research and development into bio-based propanol production could also open sustainable market opportunities.

Challenges:

The propanol market faces challenges such as supply chain disruptions and price instability due to reliance on petroleum derivatives. Variations in raw material availability and geopolitical tensions affecting oil supply can impact production costs. Compliance with stringent environmental and safety regulations requires continuous investment in technology and quality control, posing challenges for small and medium manufacturers. Moreover, the market’s growth can be hindered by fluctuations in demand across industries, and competition from more environmentally friendly or cost-effective solvent alternatives may impact long-term adoption rates.

Propanol (Isopropanol & N-Propanol) Market: Segmentation

The global propanol (isopropanol & n-propanol) market is segmented based on type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2025 to 2034.

Based on type, the global propanol (isopropanol & n-propanol) industry segments are isopropanol and n-propanol. The industry witnessed the highest growth in the isopropanol segment in 2022. It is also known as isopropyl alcohol (IPA) and is more in demand as compared to its counterpart. The growth drivers for IPA are its attributes like a higher level of availability and versatility. It can be readily found in large quantities making it more affordable and accessible. Furthermore, the compound is highly versatile and can be used across industries. IPA has lower toxicity as compared to n-propanol making it safer for use. On average, propanol concentration in disinfectant can range between 60% and 90% depending on the desired efficiency.

Based on application, the global propanol (isopropanol & n-propanol) market segments are pharmaceutical, chemical intermediate, household & personal care, and direct solvent. The industry witnessed the highest growth in the direct solvent segment since one of the key applications of the compound is acting as a solvent in various end products including cosmetics and household care products. One of the primary reasons is that it exhibits excellent miscibility with other compounds or solvents like water. 

The Regional, this segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America,and the Middle East and Africa.

Propanol (Isopropanol & N-Propanol) Market Report Scope:

Propanol (Isopropanol & N-Propanol) Market: Regional Analysis

The Propanol (Isopropanol & N-Propanol) market from 2025 to 2034 is expected to show varied regional growth driven by industrial demand, technological adoption, and economic development. North America will maintain a strong position due to high demand in pharmaceuticals, personal care, and automotive industries, supported by advanced manufacturing infrastructure. Europe is projected to grow steadily with a focus on sustainable production and stringent regulations promoting the use of high-purity propanol in specialty applications. Asia-Pacific is anticipated to witness the fastest growth owing to rapid industrialization, expanding chemical manufacturing, and rising demand from end-use sectors such as electronics, pharmaceuticals, and cosmetics in countries like China, India, and Japan. The Middle East and Africa will experience moderate growth driven by the expansion of the chemical processing industry and increased investments in infrastructure. Latin America will see gradual growth supported by the growing manufacturing sector and increasing applications in cleaning products, solvents, and pharmaceuticals.

Propanol (Isopropanol & N-Propanol) Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the propanol (isopropanol & n-propanol) market on a global and regional basis.

The global propanol (isopropanol & n-propanol) market is:

• Dow Inc.
• BASF
• Exxon Mobil Corporation
• Eastman Chemical Company
• The Dow Chemical Company
• Huntsman Corporation
• Perstorp Holding AB
• Evonik Industries AG
• Sumitomo Chemical Co. Ltd.
• INEOS Group Holdings S.A.
• Shell Chemicals
• LyondellBasell Industries N.V.
• Mitsui Chemicals Inc.
• Solvay S.A.
• The Lubrizol Corporation
• Mitsubishi Chemical Corporation
• Zhejiang Xinhua Chemical Co. Ltd
• Sasol Limited
• Sinopec Corp.

The global propanol (isopropanol & n-propanol) market is segmented as follows:

By Type

• Isopropanol
• N-propanol

By Application

• Pharmaceutical
• Chemical Intermediate
• Household & Personal Care
• Direct Solvent

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa