1. What is the projected Compound Annual Growth Rate (CAGR) of the Propan-2-ol?
The projected CAGR is approximately XX%.
MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.
Products generically come under this phrase and may imply any number of goods, components, materials, technology, or any combination thereof. Any business that wants to push an innovative agenda needs data on product definitions, pricing analysis, benchmarking and roadmaps on technology, demand analysis, and patents. Our research papers contain all that and much more in a depth that makes them incredibly actionable. Products broadly encompass a wide range of goods, components, materials, technologies, or any combination thereof. For businesses aiming to advance an innovative agenda, access to comprehensive data on product definitions, pricing analysis, benchmarking, technological roadmaps, demand analysis, and patents is essential. Our research papers provide in-depth insights into these areas and more, equipping organizations with actionable information that can drive strategic decision-making and enhance competitive positioning in the market.
Propan-2-ol by Type (Electronic Grade, Pharmaceutical Grade, Industrial Grade), by Application (Industrial, Pharmaceutical Industry, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The global propan-2-ol market size was valued at USD 388.7 million in 2021 and is projected to grow at a CAGR of 5.7% from 2022 to 2030. The market growth is majorly attributed to the increasing demand for propan-2-ol in various end-use industries, including electronics, pharmaceuticals, and industrial applications. The electronic industry is a major consumer of propan-2-ol, as it is used in the production of semiconductors, printed circuit boards, and other electronic components. The pharmaceutical industry also uses propan-2-ol as a solvent and extraction agent in the production of various drugs and medicines. Furthermore, the growing demand for propan-2-ol in the industrial sector is driven by its use as a cleaning agent, degreaser, and solvent in the manufacturing of paints, coatings, and adhesives.
The Asia Pacific region is expected to dominate the global propan-2-ol market during the forecast period, owing to the increasing demand from the electronics and pharmaceutical industries in the region. China is the largest consumer of propan-2-ol in the Asia Pacific region, followed by India and Japan. The growing population and urbanization in the region are also contributing to the increased demand for propan-2-ol in the construction and automotive industries. Europe is the second-largest market for propan-2-ol, followed by North America. The increasing demand for propan-2-ol in the electronics and pharmaceutical industries in these regions is driving the market growth. The Middle East and Africa region is expected to grow at a significant rate during the forecast period, owing to the increasing investment in the petrochemical industry in the region.
The global propan-2-ol market is projected to reach [Value] million by 2028, growing at a CAGR of approximately 2.5% during the forecast period. The growth of the market can be attributed to the rising demand for propan-2-ol in various applications, including industrial, pharmaceutical, and personal care industries.
The industrial sector is the largest consumer of propan-2-ol, accounting for approximately 60% of the global demand. Propan-2-ol is used as a solvent in the manufacture of paints, coatings, and adhesives. It is also used as a cleaning agent and degreaser in the electronics and metalworking industries.
The pharmaceutical industry is another major consumer of propan-2-ol, accounting for approximately 25% of the global demand. Propan-2-ol is used as a solvent and preservative in the manufacture of pharmaceuticals, such as antibiotics and vitamins. It is also used as a disinfectant in hospitals and clinics.
The personal care industry is a relatively small consumer of propan-2-ol, accounting for approximately 15% of the global demand. Propan-2-ol is used as a solvent in the manufacture of cosmetics and toiletries. It is also used as a hairspray and deodorant.
Several factors are driving the growth of the propan-2-ol market, including:
The propan-2-ol market faces several challenges and restraints, including:
The propan-2-ol industry is expected to benefit from several growth catalysts in the coming years, including:
Some of the leading players in the propan-2-ol industry include:
Some of the significant developments in the propan-2-ol sector include:
This report provides a comprehensive coverage of the propan-2-ol market, including:
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of XX% from 2019-2033 |
| Segmentation |
|




Note*: In applicable scenarios
Primary Research
Secondary Research

Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately XX%.
Key companies in the market include Dow, ExxonMobil Chemical, Shell, INEOS, LG Chem, LCY Chemical, CNPC, Shandong Dadi, Zhejiang Xinhua Chemical, JXTG Nippon Oil & Energy, Tokuyama, Deepak Fertilisers, Mitsui Chemicals, Isu Chemical, .
The market segments include Type, Application.
The market size is estimated to be USD XXX million as of 2022.
N/A
N/A
N/A
N/A
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3480.00, USD 5220.00, and USD 6960.00 respectively.
The market size is provided in terms of value, measured in million and volume, measured in K.
Yes, the market keyword associated with the report is "Propan-2-ol," which aids in identifying and referencing the specific market segment covered.
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
To stay informed about further developments, trends, and reports in the Propan-2-ol, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.