Argentina 1,3 Propanediol Market Size & Outlook, 2023-2030
Argentina 1,3 propanediol market, 2018-2030 (US$M)
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Argentina 1,3 propanediol market highlights
- The Argentina 1,3 propanediol market generated a revenue of USD 4.4 million in 2023 and is expected to reach USD 7.7 million by 2030.
- The Argentina market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, conventional was the largest revenue generating product in 2023.
- Bio-based is the most lucrative product segment registering the fastest growth during the forecast period.
1,3 propanediol market data book summary
| Market revenue in 2023 | USD 4.4 million |
| Market revenue in 2030 | USD 7.7 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Bio-based |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Conventional, Bio-based |
| Key market players worldwide | DuPont de Nemours Inc, Shell PLC, Merck KGaA, METabolic EXplorer, Tokyo Chemical Industry, Primient, Haihang Industry Co. |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.0% of the global 1,3 propanediol market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil 1,3 propanediol market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 14.4 million by 2030.
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1,3 Propanediol Market Scope
1,3 Propanediol Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 1,3 propanediol market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to 1,3 propanediol market will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 52.27% in 2023. Horizon Databook has segmented the Argentina 1,3 propanediol market based on conventional, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The country is amid economic revival reforms after the new government took office in December 2023. The government's main priorities are reducing the fiscal deficit and regularizing the foreign exchange market to stabilize the Argentine Peso against global currencies.
The 1,3 propanediol market in Argentina is anticipated to be driven by expanding global personal care companies into the domestic market. Hence, the 1,3 propanediol market is expected to perform well over the short-term period.
In June 2023, Germany-based Evonik acquired Argentina-based Novachem, a sustainable cosmetics manufacturer. Hence, Evonik strengthened its presence in the domestic skin and hair care market by focusing on bioproducts. Novachem has invested in R&D to develop biotechnological, natural, and sustainable active skin and hair care ingredients.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina 1,3 propanediol market , including forecasts for subscribers. This country databook contains high-level insights into Argentina 1,3 propanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina 1,3 propanediol market size, by product, 2018-2030 (US$M)
Argentina 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
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