China 1,3 Propanediol Market Size & Outlook, 2023-2030
China 1,3 propanediol market, 2018-2030 (US$M)
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China 1,3 propanediol market highlights
- The China 1,3 propanediol market generated a revenue of USD 64.0 million in 2023 and is expected to reach USD 124.2 million by 2030.
- The China market is expected to grow at a CAGR of 9.9% 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 64.0 million |
| Market revenue in 2030 | USD 124.2 million |
| Growth rate | 9.9% (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, China accounted for 15.1% 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 Asia Pacific, China 1,3 propanediol market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 124.2 million by 2030.
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1,3 Propanediol Market Scope
1,3 Propanediol Market Companies
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China 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 61.56% in 2023. Horizon Databook has segmented the China 1,3 propanediol market based on conventional, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
1,3 propanediol market in China has been witnessing steady growth over the past few years owing to the country's expanding personal care products industry. The increase in raw materials prices used for developing biobased and conventional 1,3 propanediol resulted in the moderate-to-slow market growth in China during 2023.
However, its demand remained high in the country, especially with the U.S.-China trade war that started due to the ban imposed by the U.S. on semiconductors imported from China. As a retaliatory note, China tightened imports of key products such as cosmetics from main trade partners such as the U.S. and Europe, which led domestic personal care manufacturers to benefit from the ongoing trade war.
Moreover, the lifting of the Zero-COVID policy by the Government of China in January 2023 was another key driver for the growth of the personal care products industry in the country, owing to improved mobility of the population.
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Our clientele includes a mix of 1,3 propanediol market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China 1,3 propanediol market , including forecasts for subscribers. This country databook contains high-level insights into China 1,3 propanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China 1,3 propanediol market size, by product, 2018-2030 (US$M)
China 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
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