Brazil 1,3 Propanediol Market Size & Outlook, 2023-2030
Brazil 1,3 propanediol market, 2018-2030 (US$M)
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Brazil 1,3 propanediol market highlights
- The Brazil 1,3 propanediol market generated a revenue of USD 8.0 million in 2023 and is expected to reach USD 14.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.7% 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 8.0 million |
| Market revenue in 2030 | USD 14.4 million |
| Growth rate | 8.7% (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, Brazil accounted for 1.9% 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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Brazil 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 53.75% in 2023. Horizon Databook has segmented the Brazil 1,3 propanediol market based on conventional, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The 1,3 propanediol market in Brazil is anticipated to receive a boost from the domestic personal care industry. It is the largest market in the region and the fourth-largest cosmetics market globally. The personal care market witnessed strong growth, with most of its revenue derived from exports to neighboring countries in the region.
The rising middle-income population and new purchase behavior exhibited by Gen Z have resulted in Brazil's use of eco-friendly and bio-based skincare and cosmetics products. Several companies have identified opportunities in the Brazilian personal care market and have invested in the region.
For instance, in February 2023, Japan-based Mitsui & Co., Ltd formed a collaborative capital alliance with TBP Importação e Comércio de Cosméticos LTDA., a Brazil-based subsidiary of Japan-based Kao Corporation, for a deal worth JPY 3 trillion (~USD 19,397.4 million) to expand in the Brazil personal care market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil 1,3 propanediol market , including forecasts for subscribers. This country databook contains high-level insights into Brazil 1,3 propanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil 1,3 propanediol market size, by product, 2018-2030 (US$M)
Brazil 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
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