Canada 1,3 Propanediol Market Size & Outlook, 2023-2030
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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.
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1,3 Propanediol Market Scope
1,3 Propanediol Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Primient | View profile | 1001-5000 | Eldorado, Illinois, United States, North America | https://primient.com |
| Tokyo Chemical Industry | View profile | 501-1000 | Chennai, Tamil Nadu, India, Asia | https://www.tcichemicals.com/ |
| METabolic EXplorer | View profile | 51-100 | Saint-beauzire, Auvergne, France, Europe | https://www.metabolic-explorer.fr |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| Merck KGaA | View profile | 62345 | Frankfurter Strasse 250, Darmstadt, HE, Germany, 64293 | https://www.emdgroup.com |
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.
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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.
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Canada 1,3 propanediol market size, by product, 2018-2030 (US$M)
Canada 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
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