- In April 2023, Oxea increased its 1-propanol production capacity in Europe by three times to meet the high demand from manufacturers of hand sanitizers and the printing industry. In this expansion, the company will be able to efficiently fulfill customer requirements
- In September 2023, Ningbo Juhua Chemical began operations at its new 1-propanol plant, which has an annual production capacity of 50 kilotons. In addition to 1-propanol, the plant will also manufacture products such as propionaldehyde, positioning the company to enter new markets
- In August 2021, Italian oil and gas company Eni partnered with German chemical and biotech leader BASF to produce bio-propanol from glycerine. In this joint R&D project, the aim was to develop a new technology that converts glycerine, a by-product of biodiesel production, into advanced bio-propanol with high yield and purity
- In July, 2021, BASF SE announced a joint research and development initiative with Eni to reduce the CO2 footprint of the transportation sector. In this partnership, they focus on developing sustainable technologies to produce bio-propanol from industrial residues
- In June, 2020, Sasol announced the start of operations at the Guerbet alcohol unit within the Lake Charles Chemicals Project (LCCP). In this development, the introduction of Ziegler and Guerbet alcohols strengthens Sasol's position as a global leader in integrated alcohols and surfactants
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Isopropanol and N-Propanol), Application (Chemical Intermediates, Pharmaceuticals, Industrial Solvents, and Others) End Use (Pharmaceuticals, Chemicals, Personal Care, Printing Inks, Paints and Coatings, and Others) - Industry Trends and Forecast to 2032
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The Global Propanol Market size was valued at USD 4.06 USD Billion in 2024.
The Global Propanol Market is projected to grow at a CAGR of 4% during the forecast period of 2025 to 2032.
The major players operating in the market include Dow, Bayer AG, DuPont, BASF SE, Royal Dutch Shell Plc., Eastman Chemical Company, Mitsui Chemicals , China National Petroleum Corporation, Zhejiang Xinhua Chemical Co , LG Chem , Oxea GMBH, LCY Chemical Corp., ISU Chemical Co , Carboclor S.A., Exxon Mobil Corporation, JX Nippon Oil & Gas Exploration Corporation, OQ Chemicals GmbH, Tokuyama Corporation, Zhejiang NetSun Co..
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
