Propanol Global Market Report 2026

Propanol, a colorless liquid, possesses high miscibility with diverse solvents such as ketones, aldehydes, alcohols, glycols, aliphatic hydrocarbons, and ethers. Widely utilized as a solvent across various industries, its effectiveness stems from both its high flammability and its ability to blend well with human body compounds.

There are two primary types of propanol are iso-propanol and n-propanol. Iso-propanol, also known as rubbing alcohol, is a volatile and flammable alcohol (C3H8O) primarily used as a solvent. It is available in various grades including technical, pharmaceutical, cosmetic, and electronic grades. Iso-propanol finds applications across diverse sectors such as pharmaceuticals, chemicals, personal care products, printing inks, paints and coatings, and other related industries.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the propanol market by increasing costs of imported feedstocks, distillation equipment, and chemical intermediates. Pharmaceutical and electronics manufacturers in North America and Europe are most affected due to reliance on imported high-purity alcohols, while Asia-Pacific faces pricing pressure on export-oriented production. These tariffs are raising production costs and affecting supply consistency. At the same time, they are encouraging domestic solvent manufacturing, regional capacity expansion, and development of alternative production pathways.

The propanol market research report is one of a series of new reports from The Business Research Company that provides propanol market statistics, including propanol industry global market size, regional shares, competitors with a propanol market share, detailed propanol market segments, market trends and opportunities, and any further data you may need to thrive in the propanol industry. This propanol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The propanol market size has grown strongly in recent years. It will grow from $3.96 billion in 2025 to $4.19 billion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to expansion of chemical manufacturing, growth in pharmaceutical production, increasing demand from paints and coatings, rising use in printing inks, availability of industrial alcohol production.

The propanol market size is expected to see strong growth in the next few years. It will grow to $5.13 billion in 2030 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to crescent adoption in electronics manufacturing, rising demand for pharmaceutical-grade solvents, expansion of sustainable solvent production, growing use in specialty chemical formulations, increasing regulatory focus on solvent safety. Major trends in the forecast period include increasing demand for high-purity solvents, rising use in pharmaceutical formulations, growing application in electronics cleaning, expansion of bio-based solvent alternatives, enhanced focus on process safety.

Growing demand for pharmaceuticals is expected to propel the growth of the propanol market going forward. The rising demand for pharmaceuticals is driven by factors such as an aging global population, the increasing prevalence of chronic diseases, and expanding healthcare access in developing regions. Propanol is widely used in the pharmaceutical industry as a solvent for producing various medications, aiding in the dissolution of active ingredients and ensuring proper consistency in liquid formulations. For instance, in January 2024, according to IQVIA, a US-based healthcare analytics and contract research organization, global medicine usage increased by 414 billion defined daily doses over the past five years and is expected to grow by another 400 billion by 2028. Therefore, growing pharmaceutical demand is driving the propanol market.

Major companies operating in the propanol market are focusing on the development of newly advanced long-acting capsules, to strengthen their position in the market. Long-Acting Capsules are used to describe a type of medication that is designed to release its active ingredient over an extended period of time, typically over several hours or days. For instance, in August 2023, Lupin Limited, an India-based pharmaceutical company, launched Propranolol LA (long-acting) capsules with composition of 60 mg, 80 mg, 120 mg and 160 mg, in Canada. Propranolol LA is the generic version of Inderal LA, and it has been a successful therapy option for patients and healthcare practitioners since the discontinuance of Inderal LA. The introduction of Propranolol LA meets the needs of Canadian patients, underscoring Lupin's commitment to improving healthcare access and cost.

In August 2023, Star Group, L.P., a US-based home energy distributor and services provider, completed the acquisition of a privately held propane company in Long Island for approximately $18.4 million. The acquisition made by Star Group may have been made for similar reasons, such as expanding its footprint in the Long Island area or increasing its propane operations. Long Island Propane Inc. is a US-based family-owned and operated propane delivery company. They offer propane delivery for home heating, gas cooking, pool heaters, and more.

Major companies operating in the propanol market are BASF SE, Dow Inc., LyondellBasell Industries, INEOS Group, Exxon Mobil Corporation, Shell plc, Sasol Limited, Oxea GmbH, Eastman Chemical Company, Mitsubishi Chemical Group, LG Chem Ltd., Tokuyama Corporation, Arkema SA, Evonik Industries AG, Solvay SA, Formosa Plastics Corporation, PCC Group, Gujarat Alkalies and Chemicals Ltd., Shandong Lianmeng Chemical Co., Ltd., Zibo Nalcohol Chemical Co., Ltd., Tokuyama Asia Group, LCY Chemical Corp.

Asia-Pacific was the largest region in the propanol market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the propanol market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the propanol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The propanol market consists of sales of propan-1-ol and propan-2-ol. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Propanol Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses propanol market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
• Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on end user analysis.
• Benchmark performance against key competitors based on market share, innovation, and brand strength.
• Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
• Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for propanol ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The propanol market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Iso-Propanol; N-propanol
• 2) By Grade: Technical Grade; Pharmaceutical Grade; Cosmetic Grade
• 3) By End User: Pharmaceuticals; Chemicals; Personal Care; Printing Inks; Paints And Coatings; Other End Users
• Subsegments:
• 1) By Iso-Propanol (Isopropyl Alcohol): Industrial Grade; Pharmaceutical Grade; Cosmetic Grade
• 2) By N-Propanol (N-Propyl Alcohol): Industrial Grade; Pharmaceutical Grade
• Companies Mentioned: BASF SE; Dow Inc.; LyondellBasell Industries; INEOS Group; Exxon Mobil Corporation; Shell plc; Sasol Limited; Oxea GmbH; Eastman Chemical Company; Mitsubishi Chemical Group; LG Chem Ltd.; Tokuyama Corporation; Arkema SA; Evonik Industries AG; Solvay SA; Formosa Plastics Corporation; PCC Group; Gujarat Alkalies and Chemicals Ltd.; Shandong Lianmeng Chemical Co., Ltd.; Zibo Nalcohol Chemical Co., Ltd.; Tokuyama Asia Group; LCY Chemical Corp.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: Word, PDF or Interactive Report
• + Excel Dashboard
• Added Benefits
• Bi-Annual Data Update
• Customisation
• Expert Consultant Support

Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.