Chemicals and Materials Propanol Market New | Page 2

"Solvents - The Biggest & Pharmaceuticals - The Fastest Growing" Isopropanol
Markets while "Direct Solvents - The Biggest & Fastest Growing" N-Propanol Market
Isopropanol is the most widely used solvent mostly due to its excellent solvency properties.
Currently more than half of the total global consumption is by solvents application but the
demand growth is quiet moderate due to environment regulations on volatile organic
compounds. Isopropanol demand by solvents segment is very high in U.S., followed
by China, Germany, and Japan. Isopropanol is also used in pharmaceutical industry as a
rubbing alcohol and for manufacturing various medicines. India, China, U.S., and France are
the biggest consumers of isopropanol for pharmaceutical applications and the global
demand growth of pharmaceuticals application is estimated to be over 5.0% from 2013 to
2018. N-Propanol is majorly used as a direct solvent in flexographic & other printing inks,
coatings industry, and as a process solvent. The n-Propanol market is subjugated by direct
solvents application, consuming more than 40.0% of n-propanol in 2012. It is also the
fastest growing market of n-propanol which is in line with the demand growth in countries
like U.S. and Germany, which are also the biggest consumers of n-propanol as a direct
solvent.
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Major manufacturers of isopropanol include Royal Dutch Shell PLC (The Netherlands), The
Dow Chemical Company (U.S.), ExxonMobil Chemical Company (U.S.), and Sasol Ltd. (South
Africa), while key n-propanol manufacturers are OXEA GmbH (Germany), Sasol Ltd. (South
Africa), The Dow Chemical Company (U.S.), Eastman Chemical Company (U.S.), and BASF SE
(Germany).
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