Propanol Market To Reach $7.9 Billion By 2033 | CAGR: 7.5%

Propanol Market Growth & Trends

The global propanol market size is expected to reach USD 7.9 billion by 2033, as per the new report by Grand View Research, Inc., expanding at a CAGR of 7.5% from 2026 to 2033. The growth is majorly driven by rising consumption of in solvents and disinfectants.

The market is segmented on basis of product namely n-propanol and isopropyl alcohol. Isopropyl alcohol is the fastest growing product segment owing to rising demand as a solvent and as a disinfectant.

To meet the expected demand from all end-use industries, manufacturers increased their production capacities. In addition, the demand for the product from the transportation, chemical and pharmaceutical industries is also expected to rise significantly. This could result in a boom in the manufacturing industry as companies increasingly rely on propanol to meet their production needs. With the recovery of the global manufacturing industry, the demand for propanol is also expected to increase.

Chronic diseases have prompted large-scale innovations in the pharmaceutical industry. As a result of the rising pandemic caused by COVID-19, there has been an increase in the demand for hand sanitizers and personal protective equipment. Many sanitizer formulations contain isopropyl alcohol. Due to the growing trend of preventive healthcare, sales of sanitizers and other related products are expected to increase.

Europe's market is the second fastest-growing regional segment. The growth is driven by rising consumption in the Germany & U.K. The rising demand from the pharmaceutical and cosmetics industry is boosting the market growth. The presence of a large number of manufacturers and constant product innovation has positioned propanol among the highly consumed solvents within the country.

 Request a free sample copy or view report summary: Propanol Market Report

Propanol Market Report Highlights

• Isopropanol is the dominating product type accounting for a revenue share of 86.3% in 2025 owing to rising application as a solvent and in the production of chemical intermediates.

• The direct solvent application segment is anticipated to grow at a CAGR of 8.0% from 2026 to 2033 by revenue owing to rising demands for paints and other chemicals.

• The N-Propanol segment is expected to grow at a CAGR of 6.5% during the forecast period. Also, the chemical intermediate segment is anticipated to be the fastest-growing segment from 2026 to 2033.

• Asia Pacific is projected to reflect the fastest growth rate with a volumetric CAGR of 7.0% over the forecast period due to the high demand from end-use industries in countries such as China, India, Japan, and South Korea.

Propanol Market Segmentation

Grand View Research has segmented the global propanol market report based on product by application, and region:

Propanol Product By Application Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Isopropanol

  • Direct Solvent

  • Chemical Intermediate

  • Pharmaceuticals

  • Household and Personal Care

  • Others

• n-propanol

  • Chemical Intermediate

  • Direct Solvent

  • Others

Propanol Region Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

List of Key Players in the Propanol Market

• BASF SE

• Dow

• Exxon Mobil Corporation

• INEOS

• Shell plc

• LyondellBasell Industries Holdings B.V.

• Eastman Chemical Company

• Sasol Limited

• Solvay

• Tokuyama Corporation