Why did the n-Propanol Price Change in July 2025? The North American N-Propanol market remained broadly stable throughout Q2 2025, as evidenced by a steady Price Index during the period.

Get the latest insights on price movement and trend analysis of Propanol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

During the last quarter of 2024, the n-propanol prices in the USA reached 1270 USD/MT in December. As manufacturers continued to produce at a constant rate and consumers delayed their purchases, prices in the United States remained mostly unchanged. Instead of replenishing before the holidays, industries such as personal care, coatings, and pharmaceuticals withdrew and concentrated on stock reduction, influencing pricing patterns.

Product	Category	Region	Price
N Propanol	Petrochemicals	USA	1270 USD/MT
N Propanol	Petrochemicals	China	1250 USD/MT
N Propanol	Petrochemicals	Germany	1470 USD/MT

Explore IMARC’s newly published report, titled “N Propanol Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of N propanol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

The Propanol Market Report is Segmented by Product Type (n-Propanol, Isopropanol, Bio-Based Propanol), End-Use Industry (Pharmaceutical, Chemicals, Personal Care & Cosmetics, Printing Inks, Paints & Coatings, Electronics Cleaning, Adhesives & Sealants, Others), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

In Q1 2025, the North American N-Propanol market exhibited largely stable pricing, reflecting steady but restrained demand from the downstream paints and coatings sector. Despite early optimism, the construction and renovation segments, key consumers of coatings faced a slow start to the year due to persistent winter weather across parts of the U.S. and Canada, which delayed outdoor and infrastructure-related activity. As a result, offtakes of N-Propanol, a primary solvent in coatings formulations, remained moderate.

The propanol market is expected to be USD 4,125.7 million by 2025, growing at a CAGR of 5.3% during this forecast period and reach USD 6,937.1 million by 2035.

Metric	Value
Market Size in 2025	USD 4,125.7 million
Projected Market Size in 2035	USD 6,937.1 million
CAGR (2025 to 2035)	5.3%

Country-Wise Outlook

Country	CAGR (2025 to 2035)
USA	5.1%

Country	CAGR (2025 to 2035)
UK	5.4%

Region	CAGR (2025 to 2035)
European Union (EU)	5.6%

Country	CAGR (2025 to 2035)
Japan	5.9%

Country	CAGR (2025 to 2035)
South Korea	5.0%

Segmentation Outlook

Type	Market Share (2025)
Isopropanol	72%

Application	Market Share (2025)
Solvent	49%

Competitive Outlook

Company Name	Estimated Market Share (%)
Dow	15-18%
ExxonMobil Corporation	12-15%
BASF SE	10-13%
Royal Dutch Shell PLC	8-11%
Honeywell International Inc.	5-8%
Other Companies (combined)	35-50%

The global n-Propanol market has expanded to reach approximately 478 thousand tonnes in 2024 and is expected to grow at a healthy CAGR of 5.56% during the forecast period until 2035.

The N-Propanol Market is estimated to be valued at USD 338.4 million in 2025 and is projected to reach USD 459.2 million by 2035, registering a compound annual growth rate (CAGR) of 3.1% over the forecast period.

Metric	Value
Industry Size (2025E)	USD 338.4 million
Industry Value (2035F)	USD 459.2 million
CAGR (2025 to 2035)	3.1%

The global propanol market is estimated to be valued at USD XX million in 2025 and is projected to expand at a CAGR of 4.00% from 2025 to 2033. Propanol, also known as propyl alcohol, is a versatile solvent with a wide range of applications in various industries. Factors driving the market include increasing demand from the pharmaceutical sector, growing use in chemical synthesis, and rising demand in the personal care industry. The market is segmented by product type into n-propanol and isopropanol. N-propanol is primarily used in the pharmaceutical and chemical industries, while isopropanol finds applications in personal care, printing inks, and paints and coatings. The pharmaceutical segment is expected to witness significant growth due to increasing demand for propanol as a solvent and excipient. The chemical segment is anticipated to benefit from the use of propanol in the production of pharmaceuticals, fragrances, and flavors. Key drivers for this market are: , Rising Demand from Personal Care Industry; Other Drivers. Potential restraints include: , Prohibited for Use as a Feed Additive. Notable trends are: Growing Application in Pharmaceutical Industry.

The global n-propanol market size is projected to grow at a CAGR of 4.20% between 2025 and 2034.

The size of the Propanol Market was valued at USD 3.96 billion in 2023 and is projected to reach USD 6.19 billion by 2032, with an expected CAGR of 6.6 % during the forecast period. The propanol market is a key segment of the global chemicals industry. Propanol has versatile applications and is used widely as a solvent, intermediate, and chemical feedstock. It comes in two main forms: isopropanol (IPA) and n-propanol, which have different applications. Isopropanol is used extensively as a solvent in the pharmaceutical, cosmetic, and cleaning industries, while n-propanol is used mainly for chemicals, coatings, and industrial process solvent applications. Market demand in pharmaceuticals, personal care, automotive, and paints & coatings industries drives this market. Major growth drivers of the market include increasing industrialization and the rise in end-user sectors, particularly in emerging markets. Moreover, demand for isopropanol as a disinfectant, especially following health crises like the COVID-19 pandemic, is adding to the growth of the market. Sustainability trends are pushing towards eco-friendly alternatives and efficient production methods.

The global propanol market size reached USD 3.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.8 Billion by 2033, exhibiting a growth rate (CAGR) of 4.24% during 2025-2033. The widespread adoption of propanol in the chemical manufacturing sector, the significant expansion in the paints and coatings Industry, and the growing product demand in the pharmaceutical industry are some of the major factors propelling the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 3.9 Billion
Market Forecast in 2033	USD 5.8 Billion
Market Growth Rate 2025-2033	4.24%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on product type and end use.

The global N-propanol market size was valued at 4,213 kilotons in 2021 and is projected to reach 5,860 kilotons by 2029, exhibiting a CAGR of 5.1% during the forecast period (2022-2029).N-Propanol, which is also referred to as 1-propanol or propan-1-ol, is a primary alcohol that has the chemical formula C3H8O. The liquid looks like a colourless fluid that has a mild, alcoholic smell, and it is miscible with water and several organic solvents. A significant advantage of N-Propanol is its effectiveness as a solvent in the production of pharmaceuticals, cosmetics, and personal care products. It is an intermediate in the synthesis of other chemicals, which are esters and amines. The most outstanding utilization of N-Propanol is in the preparation of cleaning agents, antifreeze, inks, paints, and coatings. Its ability to be used in various ways, along with its strong safety record, makes it a useful part of many kinds of industries. Key drivers for this market are: Increasing Demand for Paints & Coatings to Fuel Market Growth . Potential restraints include: Shifting Focus Towards Green Solvents to Impede Growth.

The global N-propanol market size was estimated at 919.3 million USD in 2025 and is projected to reach 1,242.4 million USD by 2033, growing at a CAGR of 2.9% over the forecast period. The growth of the N-propanol market is attributed to its rising demand from the end-use industries such as coatings and printing ink, feed additive and spice, pharmaceutical and pesticide, daily necessities and others. The major driving factors for the N-propanol market growth are the increasing demand for n-propanol in the production of various products such as solvents, chemicals, and intermediates, along with its growing use in the automotive and construction industries. The market is further segmented based on application, type, and region. Based on application, the coatings and printing ink segment is expected to hold the largest market share during the forecast period owing to the increasing demand for n-propanol in the production of paints, inks, and coatings. The ethylene hydrogenation method segment is expected to hold the largest market share based on type during the forecast period due to its cost-effectiveness and high yield. Geographically, Asia-Pacific is expected to be the largest market for n-propanol during the forecast period due to the increasing demand from the emerging economies such as China and India.

The global n-propanol market, valued at $1178 million in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 2.8% from 2025 to 2033. This growth is driven by increasing demand across various applications, primarily in the coatings and printing ink sector, where n-propanol serves as a crucial solvent. The pharmaceutical and pesticide industries also contribute significantly to market expansion, utilizing n-propanol as a key ingredient in numerous formulations. The feed additive and spice segment represents a smaller but steadily growing market niche for n-propanol. Production methods largely comprise ethylene hydrogenation and other byproduct methods, with the former holding a larger market share due to its efficiency and scalability. While the market faces challenges from the fluctuating prices of raw materials and environmental regulations concerning volatile organic compounds (VOCs), ongoing innovations in production processes and the exploration of sustainable alternatives are mitigating these restraints. Major players such as BASF, DuPont, Eastman, and OXEA are driving market competition and technological advancements, ensuring a steady supply and diverse product offerings. Geographical distribution shows a strong presence in North America and Europe, while Asia-Pacific is expected to witness significant growth in the coming years due to rapid industrialization and rising demand from developing economies. The n-propanol market's consistent growth trajectory reflects its vital role in diverse industries. Continuous R&D efforts focused on enhancing production efficiency and reducing environmental impact are contributing to the market's sustainability. The strategic expansion of key players into emerging markets and the exploration of new applications further bolster the positive outlook. Despite price volatility and regulatory pressures, the overall market trend remains positive, with a forecast to surpass $1500 million by 2033, driven by strong growth in Asia-Pacific and sustained demand across key application segments. Competition within the industry remains robust, encouraging innovation and a focus on delivering high-quality products at competitive prices.

Propanol Market Outlook

The global propanol market size is projected to reach USD 4.8 billion by 2032, up from USD 2.7 billion in 2023, growing at a compound annual growth rate (CAGR) of 5.6%. This growth is primarily driven by increasing demand across various industries such as pharmaceuticals, personal care, and chemical manufacturing. The expanding applications of propanol in solvent and chemical intermediate production further bolster market growth.

One of the key growth factors contributing to the propanol market is the rising demand for personal care and cosmetic products. Propanol, particularly isopropanol, is widely used as a key ingredient in hand sanitizers, disinfectants, and various skincare products. The COVID-19 pandemic has significantly increased the demand for these products, leading to a surge in the consumption of propanol. Moreover, ongoing consumer awareness about personal hygiene and the importance of sanitization continues to fuel market growth.

In addition, the steady expansion of the pharmaceutical industry is a crucial driver for the propanol market. N-Propanol and isopropanol are extensively used as solvents in pharmaceutical formulations and manufacturing processes. The growing global population, coupled with increasing healthcare expenditure and the rise in chronic diseases, is driving the demand for pharmaceuticals, thereby augmenting the need for propanol. This trend is expected to persist as advancements in drug development and production techniques continue to evolve.

The chemical industry also plays a vital role in the flourishing propanol market. Propanol serves as a key solvent and intermediate in the production of various chemicals and industrial products. Its use in the synthesis of acetone, glycerol, and other significant chemicals underscores its importance. The ongoing industrialization and urbanization in developing economies are creating lucrative opportunities for the chemical sector, which in turn propels the demand for propanol.

Regionally, Asia-Pacific dominates the propanol market due to its robust industrial base, particularly in countries like China and India. The region's growing pharmaceutical, chemical, and personal care industries contribute significantly to propanol consumption. North America and Europe also hold substantial market shares, driven by well-established pharmaceutical and cosmetic industries. Latin America and the Middle East & Africa, though smaller in market size, are expected to witness steady growth due to increasing industrial activities and economic development.

Product Type Analysis

The propanol market is segmented into n-propanol and isopropanol, each serving distinct applications and industries. N-Propanol, a primary alcohol, finds its applications mainly in chemical intermediates and solvent formulations. It is used in the production of acetate, acetone, and other significant chemicals. The demand for n-propanol is driven by its effectiveness as a solvent and its utility in producing flexible and rigid polyurethane foams in the construction and automotive industries.

Isopropanol, or isopropyl alcohol, is a secondary alcohol widely utilized in personal care, pharmaceuticals, and as a cleaning agent. Its rapid evaporation rate, low toxicity, and cost-effectiveness make it an ideal ingredient in hand sanitizers, disinfectants, and various cleaning products. The heightened awareness about hygiene and the necessity for disinfection post-pandemic have significantly boosted the demand for isopropanol. Furthermore, the use of isopropanol in electronics for cleaning and maintenance presents additional growth avenues.

Given the extensive applications of both n-propanol and isopropanol, the market dynamics are largely influenced by the end-use industries. For instance, the pharmaceutical industry's growth has a direct impact on isopropanol demand, whereas the construction and automotive sectors predominantly influence n-propanol consumption. Continuous research and development in chemical formulations and the discovery of new applications further expand the scope of these product types in the market.

The competitive landscape within this segment sees a substantial interplay between manufacturers focusing on either of the propanol types. Companies are increasingly investing in advanced production technologies to enhance yield and purity, catering to the high-demand applications. Strategic partnerships and mergers & acquisitions are common, aimed at consolidating market positions and expanding produc

According to Cognitive Market Research, the global Propanol market size will be USD 4251.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2025 to 2033.

North America held the major market share for more than 29% of the global revenue with a market size of USD 1232.94 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.8% from 2025 to 2033.
Europe accounted for a market share of over 24% of the global revenue with a market size of USD 1020.36 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2025 to 2033.
APAC held a market share of around 37% of the global revenue with a market size of USD 1573.06 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2025 to 2033.
South America has a market share of more than 3.8% of the global revenue with a market size of USD 161.56 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2025 to 2033.
The Middle East had a market share of around 4.00% of the global revenue and was estimated at a market size of USD 170.06 million in 2025. and will grow at a compound annual growth rate (CAGR) of 6.3% from 2025 to 2033.
Africa had a market share of around 2.20% of the global revenue and was estimated at a market size of USD 93.53 million in 2025. and will grow at a compound annual growth rate (CAGR) of 6.7% from 2025 to 2033.
n-Propanol category is the fastest growing segment of the Propanol industry

Market Dynamics of Propanol Market

Key Drivers for Propanol Market

Rising Demand from Pharmaceutical Industry to Boost Market Growth

The market for propanol is expanding due in large part to the growing demand from the pharmaceutical sector. A common solvent in drug formulation, pharmaceutical intermediate manufacturing, and medical equipment sterilisation is propanol, especially isopropanol. In the production of pharmaceuticals, it is indispensable due to its disinfecting efficacy and compatibility with a wide range of chemical compounds. Additionally, propanol consumption is anticipated to increase due to the globalisation of the healthcare industry and the growing demand for sophisticated medication formulations. The increase in pharmaceutical production and research and development, particularly in developing nations, enhances the market's demand and long-term growth potential.

Expanding Cosmetics and Personal Care Sector to Boost Market Growth

The growing personal care and cosmetics industry is a major factor propelling the propanol market's expansion. Many personal care products, such as lotions, deodorants, fragrances, and hand sanitisers, contain propanol, especially isopropyl alcohol, as a solvent, antiseptic, and preservative. Propanol's quick-drying and antibacterial qualities are driving manufacturers to use it more frequently as consumer demand for hygiene and grooming products rises worldwide, particularly in emerging economies. The use of propanol in formulations is also increasing as a result of product innovation spurred by the expansion of e-commerce and rising customer awareness of skincare and hygiene issues. In the coming years, this trend is expected to continue driving market expansion.

Restraint Factor for the Propanol Market

Volatility in Raw Material Prices Will Limit Market Growth

Price volatility for raw materials is a significant barrier to the propanol market's expansion. Petrochemical feedstocks, such as propylene, which are primarily used to produce propanol, are directly influenced by changes in the price of crude oil. Due to the substantial impact these price fluctuations can have on production costs, manufacturers struggle to maintain consistent pricing and profitability. Supply chain interruptions, shifting global oil production regulations, and geopolitical tensions all add to the unpredictability of raw material availability and cost. This volatility eventually limits the worldwide propanol market's potential for growth by discouraging long-term planning and investment in the sector, especially for small and mid-sized manufacturers. Introduction of the Propanol Market

The colorless, flammable liquid alcohol propanol, commonly referred to as propyl alcohol, comes in two isomers: isopropanol and n-propanol. Chemicals, electronics, food processing, pharmaceuticals, and cosmetics are just a few of the industries that use it ext...

The global propanol (isopropanol and n-propanol) market size reached approximately USD 3.23 Billion in 2024. The market is projected to grow at a CAGR of 3.80% between 2025 and 2034, reaching a value of around USD 4.69 Billion by 2034.

According to Cognitive Market Research, the global 1-Methoxy 2 Propanol market size will be USD 815.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.80% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 326.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 244.68 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 187.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 40.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 16.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
The chemical application category is the fastest growing segment of the 1-Methoxy 2 Propanol industry

Market Dynamics of 1-Methoxy 2 Propanol Market

Key Drivers for 1-Methoxy 2 Propanol Market

Growing Demand from Paints and Coatings Industry to Boost Market Growth

The increasing use of 1-Methoxy 2 Propanol in paints and coatings is a significant driving factor for its market growth. This chemical acts as a solvent, providing optimal viscosity and better flow properties for various coatings, including automotive, industrial, and architectural applications. As industries, particularly construction and automotive, see steady growth globally, the demand for high-performance coatings has surged. 1-Methoxy 2 Propanol helps in achieving the desired consistency and appearance of paint products, making it indispensable in modern coating formulations. Additionally, the rising consumer preference for eco-friendly and low-VOC (volatile organic compound) products in paints is further contributing to its growth in this sector. The growing construction and renovation activities across both developed and emerging economies are expected to propel the demand for 1-Methoxy 2 Propanol, further boosting the market.

Increasing use in the Cleaning Products Industry to Drive Market Growth

Another key factor driving the growth of the 1-Methoxy 2 Propanol market is its rising demand in the cleaning products industry. This solvent is widely used in household cleaners, industrial cleaners, degreasers, and disinfectants. The versatility of 1-Methoxy 2 Propanol, combined with its ability to dissolve oils, grease, and other residues, makes it an effective component in various formulations. The growing need for hygiene and sanitation, particularly in commercial and residential sectors, has amplified the demand for cleaning products containing this solvent. Moreover, the increasing awareness about maintaining cleaner, healthier environments, especially in the wake of the COVID-19 pandemic, has led to greater consumption of cleaning products across the globe. These trends are expected to significantly drive the demand for 1-Methoxy 2 Propanol, further fueling market growth.

Restraint Factor for the 1-Methoxy 2 Propanol Market

Regulatory Restrictions and Environmental Concerns Will Limit Market Growth

The 1-Methoxy 2 Propanol market faces restraining factors due to stringent environmental regulations and government policies on volatile organic compounds (VOCs). As 1-Methoxy 2 Propanol is a solvent with certain environmental and health risks, the increasing implementation of laws to reduce harmful emissions in many regions, particularly in Europe and North America, can limit its use. These regulations may force companies to invest in compliance measures, which raises operational costs and may impact market growth. In some cases, restrictions on solvent usage in industrial processes can limit the demand for 1-Methoxy 2 Propanol, restricting its application in key industries.

Key Trends 1-Methoxy-2-Propanol Market

Shift Toward Low-VOC and Eco-Friendly Solvents Due to stringent environmental regulations (like REACH and EPA mandates), there is a clear trend toward using solvents with low volatile organic compound (VOC) content. PGME, being low in toxicity and VOCs, is inc...

Propanol Market is expected to grow at a high CAGR during the forecast period 2024-2031 | DataM Intelligence