Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 400.21 Million | USD 703.31 Million | 5.8% | 2024 |
FrequentlyAsked Questions
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.
The global propanol (isopropanol & n-propanol) market is expected to grow due to increasing demand from various end-use industries including pharmaceuticals, personal care, paints & coatings, and automotive, rising industrialization and urbanization, and growing demand for high-purity and eco-friendly solvents.
According to a study, the global propanol (isopropanol & n-propanol) market size was worth around USD 400.21 Million in 2024 and is expected to reach USD 703.31 Million by 2034.
The global propanol (isopropanol & n-propanol) market is expected to grow at a CAGR of 5.8% during the forecast period.
Asia-Pacific is expected to dominate the propanol (isopropanol & n-propanol) market over the forecast period.
Leading players in the global propanol (isopropanol & n-propanol) market include 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., among others.
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