The Asia-Pacific (APAC) n-propanol market showed a generally stable to slightly negative price trend in the first week of April 2025, driven by adequate supply availability and moderate downstream demand. A combination of regional economic indicators, construction sector activity, and raw material trends influenced the price of n-propanol, a solvent that is widely used in the paint, coating, ink, and chemical industries.

Over the past few months, the price of n-propanol in India has stayed mostly steady, with the exception of a minor drop brought on by ports' excess inventory and the market's poor demand. This stability is indicative of a larger market trend in which suppliers have had trouble gaining offtake because of low purchasing interest. Reduced production and order volumes in the paints and coatings sector, a significant downstream consumer of n-propanol, have been a major contributing factor. Even though prices fell in December 2024, the market has only recovered gradually, and the effects of that decline have persisted into early April 2025, supporting the trend of stability rather than a dramatic rise or fall.

In contrast, the n-propanol market in other APAC nations, like South Korea, held steady thanks to balanced supply-demand dynamics and a rise in industrial sentiment. Despite a slight decline in employment, South Korea's manufacturing sector demonstrated encouraging signs of growth, as evidenced by an increase in the nation's manufacturing index. A gradual increase in demand for chemical solvents, such as n-propanol, was suggested by the improved manufacturing outlook. However, because market participants adopted a cautious stance due to macroeconomic uncertainties and currency volatility, the increase in buying activity from downstream sectors like coatings and industrial chemicals remained modest.

Furthermore, although the price of ethylene, an upstream feedstock, decreased slightly, the effect on the price of n-propanol was negligible because there was still a sufficient supply, and no significant interruptions were noted in any of the region's production facilities. The demand for paints and coatings, and consequently n-propanol, was indirectly supported by the steady pace of construction activities in the APAC region, particularly in the areas of urban housing and infrastructure development.

The first week of April 2025 saw a mixed outlook for the APAC n-propanol market overall. While India experienced mild pessimism due to low demand and excess inventory, other regions, such as South Korea, remained stable and showed indications of a slow industrial recovery. More clarity is anticipated in the upcoming weeks as market sentiment may improve due to seasonal demand from the printing, construction, and packaging sectors.

In the upcoming weeks, the APAC n-propanol market is anticipated to see a slow price recovery, driven by expected improvements in demand from the paints, coatings, packaging, and construction sectors as industrial output and seasonal activities pick up.