Canada 1,3 Propanediol Market Size & Outlook, 2023-2030
Canada 1,3 propanediol market, 2018-2030 (US$M)
Related Markets
Canada 1,3 propanediol market highlights
- The Canada 1,3 propanediol market generated a revenue of USD 16.8 million in 2023 and is expected to reach USD 31.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, bio-based 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 16.8 million |
| Market revenue in 2030 | USD 31.3 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Bio-based |
| 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, Canada accounted for 4.0% 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 North America, U.S. 1,3 propanediol market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 249.3 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
1,3 Propanediol Market Scope
1,3 Propanediol Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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.
Bio-based was the largest segment with a revenue share of 76.19% in 2023. Horizon Databook has segmented the Canada 1,3 propanediol market based on conventional, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for 1,3 propanediol is anticipated to grow due to its high demand from the personal care industry. The rising population, high preference for sustainable and environmentally friendly skincare products, and increasing R&D have been attributed as key factors to this demand.
This has increased collaboration and acquisitions across the personal care industry, indicating a strong growth potential. For instance, in January 2024, L'ORÉAL Canada announced that its subsidiary, SalonCentric Canada, is acquiring the functions of ICON Salon Systems, a privately owned full-service distributor based in British Columbia, Canada. This acquisition aims to expand SalonCentric's operations in Canada.
ICON is a wellknown brand with a significant presence in the country. This move was made in line with the industry's strong growth prospects. This is anticipated to drive demand for 1,3 propanediol in Canada.
Reasons to subscribe to Canada 1,3 propanediol market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Canada 1,3 propanediol market databook
-
Our clientele includes a mix of 1,3 propanediol market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada 1,3 propanediol market , including forecasts for subscribers. This country databook contains high-level insights into Canada 1,3 propanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada 1,3 propanediol market size, by product, 2018-2030 (US$M)
Canada 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
