Asia Pacific 1,3 Propanediol Market Size & Outlook
Asia Pacific 1,3 propanediol market, 2018-2030 (US$M)
Related Markets
Asia Pacific 1,3 propanediol market highlights
- The Asia Pacific 1,3 propanediol market generated a revenue of USD 132.1 million in 2023.
- The market is expected to grow at a CAGR of 9.8% 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.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 132.1 million |
| Market revenue in 2030 | USD 253.9 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Bio-based |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 31.1% of the global 1,3 propanediol market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 253.9 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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Asia Pacific 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 61.54% in 2023. Horizon Databook has segmented the Asia Pacific 1,3 propanediol market based on conventional, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific accounted for the largest revenue share of the global 1,3 propanediol market in 2023, owing to the surging construction activities and infrastructure development initiatives by governments of ASEAN countries and India.
For instance, in India, in August 2023, Elan Group awarded Leighton India a contract worth INR 1,000 crore (~USD 120.4 million) for developing its Elan the Presidential project, which comprises 728 flats. Similarly, in India, in August 2023, L&T Construction was awarded multiple contracts worth INR 1,000 crore to INR 2,500 crore(~USD 301.0 million) from the Uttar Pradesh Cricket Association to construct cricket stadiums in Varanasi and Kashi.
It has also secured an order from the Bangladesh Hi-Tech Park Authority to develop IT parks in the country. Such projects are expected to result in increased consumption of carpets and furniture that utilize polytrimethylene terephthalate and polyurethane. This, in turn, is anticipated to contribute to the growth of the 1,3 propanediol market in the region over the medium term.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific 1,3 propanediol market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific 1,3 propanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific 1,3 propanediol market size, by country, 2018-2030 (US$M)
Asia Pacific 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
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