Propanol Market Size | Industry Trends & Forecast 2025

Code: MTA10474 Publication Date: Nov 2025

What is the size of Propanol Market?

According to 6Wresearch internal database and industry insights, the Propanol Market was valued at USD 4.14 billion in 2024 and is expected to reach USD 5.58 billion by 2031, growing at a CAGR of 9.8% during 2025-2031.

The primary factors contributing to this growth include rising demand for high‐performance solvents in coatings and adhesives, increasing consumption of propanol in pharmaceutical and personal care formulations, and a movement to sustainable, bio‐based production practices to keep pace with changing regulations and environmental standards.

Growth Factors for Propanol Industry

  • Strong growth in coatings and adhesive applications is boosting solvent consumption.
  • Expansion of personal care and pharmaceutical formulations increases propanol use.
  • Transition to bio‐based propanol supports sustainable manufacturing practices.
  • Rising electronics and cleaning industries demand high‐purity propanol solvents.
  • Regional industrialisation and infrastructure build‐out are expanding overall demand.

Propanol Market Trends

Trends in the Propanol Market indicate a growing emphasis on bio‐based propanol types, which meet regulatory and sustainability objectives for industrial chemicals. Manufacturers are also enhancing capabilities for higher purity grades for electronics cleaning and pharmaceutical utilisation, while there is growing acceptance for substituting older solvents with propanol in waterborne systems, particularly in the coatings, inks and adhesives market.

Emerging Developments in the Propanol Market

The Propanol Market developments include increasing investment into renewable feedstock routes, as chemical manufacturers work with biotech companies to develop bio‐propanol from glycerine or other by‐products. There are also still efforts to develop localised modular production units for regional supply, which help serve faster turnaround and lower logistics costs. Finally, manufacturers are developing and commercialising the ultra‐high-purity grades, with certifications, available for the electronics and pharmaceutical markets.

List of Leading Companies in the Propanol Market

Some of the leading companies include:

  • Dow Inc.
  • BASF SE
  • Shell Chemicals
  • Eastman Chemical Company
  • Mitsui Chemicals Inc.
  • ExxonMobil Corporation
  • LyondellBasell Industries

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