Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Propanol Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Propanol Market Growth?
The propanol market has seen consistent expansion in the past years, rising from a market size of $3.83 billion in 2024 to $3.96 billion in 2025. This equates to a compound annual growth rate (CAGR) of 3.6%.
What Is the Predicted Industry Size and CAGR of the Propanol Market in 2029?
The Propanol market is predicted to grow to $4.9 billion in 2029 with a compound annual growth rate (CAGR) of 5.5%.
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Which Factors Are Driving Growth in the Propanol Market?
The key Drivers in the propanol market are:
• Increasing demand for pharmaceuticals globally
• The aging global population driving pharmaceutical demand
• Rising prevalence of chronic diseases increasing pharmaceutical consumption
• Growing access to healthcare in developing regions
Which Segment Trends Are Covered in the Propanol Market Forecast?
The propanolmarket covered in this report is segmented –
1) By Type: Iso-Propanol, N-propanol
2) By Grade: Technical Grade, Pharmaceutical Grade, Cosmetic Grade, Electronic Grade
3) By End User: Pharmaceuticals, Chemicals, Personal Care, Printing Inks, Paints And Coatings, Other End Users
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What Are the Current Market Trends in the Propanol Industry?
The key trends in the propanol market are:
• Strategic partnerships and collaborations among major companies are one emerging trend in the propanol market.
• These partnerships are driving innovation and expanding production capacity in the sector.
• Access to new markets via strategic collaborations is becoming a significant trend.
• The development of technology platforms that convert waste carbon into sustainable fuels and other materials is an emerging trend shaping the Propanol market.
Who are the Key Companies in the Propanol Market?
The key players in the propanol market are:
• The Dow Chemical Company
• BASF SE
• Deepak Fertilizers and Petroleum Corporation Limited
• DuPont de Nemours Inc.
• Eastman Chemical Company
• ExxonMobil Chemical Company
• Honeywell International Inc.
• LyondellBasell Industries NV
• Mitsui Chemicals Inc.
• Nanjing Wujiang Chemical Company Limited
• Royal Dutch Shell PLC
• Sasol Limited
• Tokuyama Corporation
• Ineos Group Holdings Limited
• Arkema SA
• Braskem SA
• Celanese Corp.
• Chevron Phillips Chemical Company
• Evonik Industries AG
• Formosa Plastics Corporation
• LG Chem Ltd.
• Lotte Chemical Corp.
• Merck Co. & KGaA
• Perstorp Chemicals India Private Limited
• PetroChina Co. Ltd.
• PTT Global Chemical Public Company Limited
• Reliance Industries Ltd.
• Saudi Basic Industries Corporation
• China Petroleum & Chemical Corporation
• Solvay SA
• Westlake Chemical Corp.
What are the Regional Trends Across the Propanol Market?
Asia-Pacific was the largest region in the propanol market in 2024
