World - Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPropyl and Isopropyl Alcohol Market
The article discusses the increasing demand for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) worldwide, forecasting market performance and consumption trends up to 2030. It provides detailed insights on market volume, value, production, imports, and exports, with a focus on major consuming and producing countries such as China, the United States, and India. The data showcases growth rates, consumption patterns, and price fluctuations over the past decade, offering a comprehensive overview of the global propyl and isopropyl alcohol market.
Market Forecast
Driven by increasing demand for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.3% for the period from 2022 to 2030, which is projected to bring the market volume to 2.5M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market value to $3.7B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)
In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) consumed worldwide was estimated at 2.5M tons, surging by 2.8% compared with the previous year's figure. The total consumption volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak volume of 2.5M tons; afterwards, it flattened through to 2022.
The global propyl and isopropyl alcohol market revenue expanded markedly to $3.1B in 2022, increasing by 5.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $3.2B. From 2021 to 2022, the growth of the global market failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (580K tons), the United States (293K tons) and India (163K tons), with a combined 42% share of global consumption. Germany, Brazil, South Korea, Japan, Mexico, Singapore, the Netherlands, Russia, Malaysia and Canada lagged somewhat behind, together accounting for a further 28%.
From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +26.1%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($670M) led the market, alone. The second position in the ranking was taken by the United States ($324M). It was followed by Germany.
In China, the propyl and isopropyl alcohol market expanded at an average annual rate of +1.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+6.6% per year) and Germany (+8.1% per year).
In 2022, the highest levels of propyl and isopropyl alcohol per capita consumption was registered in Singapore (7.9 kg per person), followed by the Netherlands (2.6 kg per person), South Korea (1.8 kg per person) and Germany (1.6 kg per person), while the world average per capita consumption of propyl and isopropyl alcohol was estimated at 0.3 kg per person.
In Singapore, propyl and isopropyl alcohol per capita consumption increased at an average annual rate of +24.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the Netherlands (+4.4% per year) and South Korea (+14.6% per year).
Production
World Production of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)
Global propyl and isopropyl alcohol production expanded modestly to 2.5M tons in 2022, surging by 4.9% against 2021 figures. The total output volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 12%. Global production peaked in 2022 and is expected to retain growth in the near future.
In value terms, propyl and isopropyl alcohol production expanded notably to $2.7B in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 30%. As a result, production attained the peak level of $2.9B. From 2021 to 2022, global production growth remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (659K tons), the United States (453K tons) and South Korea (180K tons), together comprising 51% of global production.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by South Korea (with a CAGR of +9.4%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)
In 2022, supplies from abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -5.5% to 1.4M tons, falling for the second year in a row after six years of growth. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 23%. As a result, imports reached the peak of 1.7M tons. From 2021 to 2022, the growth of global imports failed to regain momentum.
In value terms, propyl and isopropyl alcohol imports reduced to $1.9B in 2022. Overall, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.9% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 54%. As a result, imports attained the peak of $2.1B. From 2021 to 2022, the growth of global imports failed to regain momentum.
Imports By Country
India (137K tons), Belgium (128K tons), the United States (113K tons), China (94K tons), Germany (80K tons), Mexico (54K tons), Malaysia (43K tons), Spain (37K tons), Indonesia (37K tons), Italy (35K tons), Thailand (35K tons) and Taiwan (Chinese) (31K tons) represented roughly 61% of total imports in 2022. Singapore (31K tons) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +12.1%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, Belgium ($176M), India ($148M) and the United States ($144M) appeared to be the countries with the highest levels of imports in 2022, with a combined 25% share of global imports.
Among the main importing countries, India, with a CAGR of +9.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average propyl and isopropyl alcohol import price stood at $1,403 per ton in 2022, growing by 4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 32% against the previous year. Global import price peaked at $1,413 per ton in 2014; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($1,625 per ton), while India ($1,078 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.8%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)
In 2022, shipments abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -1.9% to 1.4M tons, falling for the second consecutive year after six years of growth. The total export volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, the exports reached the peak of 1.6M tons. From 2021 to 2022, the growth of the global exports remained at a somewhat lower figure.
In value terms, propyl and isopropyl alcohol exports shrank modestly to $1.8B in 2022. Overall, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 62%. As a result, the exports attained the peak of $2B. From 2021 to 2022, the growth of the global exports remained at a somewhat lower figure.
Exports By Country
In 2022, the United States (274K tons), distantly followed by China (174K tons), South Africa (124K tons), Belgium (116K tons), Taiwan (Chinese) (111K tons), the Netherlands (101K tons), South Korea (100K tons), Japan (90K tons) and Canada (73K tons) represented the major exporters of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol), together committing 82% of total exports. Russia (63K tons) held a relatively small share of total exports.
From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +47.6%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($378M) remains the largest propyl and isopropyl alcohol supplier worldwide, comprising 21% of global exports. The second position in the ranking was held by China ($176M), with a 9.8% share of global exports. It was followed by Belgium, with a 9.5% share.
In the United States, propyl and isopropyl alcohol exports increased at an average annual rate of +2.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+43.2% per year) and Belgium (+4.9% per year).
Export Prices By Country
The average propyl and isopropyl alcohol export price stood at $1,264 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 32% against the previous year. The global export price peaked at $1,356 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($1,486 per ton), while Russia ($174 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.4%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for propyl and isopropyl alcohol. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20142220 - Propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global market for propyl and isopropyl alcohol.
This report provides an in-depth analysis of the global market for halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols.
This report provides an in-depth analysis of the global market for diols and polyhydric alcohols.
This report provides an in-depth analysis of the global market for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols.
This report provides an in-depth analysis of the global butanol market.
This report provides an in-depth analysis of the global methanol market.
This report provides an in-depth analysis of the global unsaturated monohydric alcohols market.
This report provides an in-depth analysis of the global propylene glycol market.
This report provides an in-depth analysis of the global octyl alcohol market.
This report provides an in-depth analysis of the global ethylene glycol market.
Explore the world's best import markets for butanol, including China, Belgium, Germany, and more. Gain insights into key statistics and market trends. Read now on IndexBox.
The global butanol market is forecast to see a pronounced recovery in 2021. The increased demand for butyl acetate and butyl acrylate, which together comprise over half of the butanol consumption, emerges as a key butanol market driver amid the current construction boom in Asia, the U.S., Russia and Europe. The use of butanol as an alternative fuel may also accelerate the market expansion. The possibility to derive biobutanol from food waste and the emerging technology to obtain butanol from CO2 shape promising investment prospects, following the shift to a circular economy.
In today's global economy, international trade plays a crucial role in the development and growth of countries. One of the key commodities traded across borders is methanol, a versatile chemical compound used in various industries such as automotive, construction, and chemical manufacturing. Understanding the import markets for methanol is crucial for businesses, policymakers, and investors looking to capitalize on the growing demand for this essential substance. According to the latest data from the IndexBox market intelligence platform, here are the world's top import markets for methanol in terms of import value: China, India, Netherlands, South Korea, and Japan. China dominates the global methanol import market with an import value of $4.2 billion USD in 2022. India witnessed a surge in import value, reaching $985.8 million USD in 2022. The Netherlands holds the third position in the global methanol import market with a total import value of $968.1 million USD in 2022. South Korea and Japan also have strong import markets for methanol.
The use of methanol as an alternative fuel is in line with the new global green agenda and can become a new driver of the methanol market. Maritime and automotive fuels constitute the prospective methanol applications. China is the largest market for imported methanol, with import growth to persist, should more cars work on the methanol fuel.
Explore the top import markets for ethylene glycol based on the latest data from IndexBox. Discover key statistics and insights for countries like China, India, Turkey, and more.
Increasing demand for PET packaging and urgent need for eco-friendly refrigerants to become the main drivers of the ethylene glycol market growth.
South Korea became the fastest-growing sorbitol importer in the past decade. From 2010 to 2020, supplies to South Korea rose from $3.1M to $19.2M, while in physical terms, they expanded from 3.4K to 17K tons.
The global alcohol market revenue amounted to $56.1B in 2018, remaining stable against the previous year. This...
In value terms, sulphonated, nitrated and nitrosated derivatives of hydrocarbons imports stood at $X in 2016. In general, sulphonated, nitrated and nitrosated derivatives of hydrocarbons imports co...
In 2016, the global imports of alcohol amounted to X tons, shrinking by -X% against the previous year level. In general, alcohol imports continue to indicate a slight deduction. The pace of gro...