Europe 1,3 Propanediol Market Size & Outlook, 2023-2030
Europe 1,3 propanediol market, 2018-2030 (US$M)
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Europe 1,3 propanediol market highlights
- The Europe 1,3 propanediol market generated a revenue of USD 107.6 million in 2023.
- The 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.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 107.6 million |
| Market revenue in 2030 | USD 200.4 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Bio-based |
| 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, Europe region accounted for 25.4% 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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Europe 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 54.28% in 2023. Horizon Databook has segmented the Europe 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 is anticipated to be driven by the growth in the personal care industry. Several developments in Europe reflect the promising growth for the 1,3 propanediol market. For instance, in January 2024, UK-based Bridgepoint Group plc, a private equity investor, announced its purchase of France-based RoC Skincare for an undisclosed amount.
This deal is part of the company's investments in the skin care industry. This provides further avenues for the growth of RoC Skincare in the region. Additionally, in February 2024, Unilever acquired K18, a premium hair care brand, as part of its future-proofing strategy.
In addition, the region also has well-established construction and furniture industries owing to the need for aesthetic products and the presence of regional manufacturers. According to the European Commission, the region's economy highly depends on its construction industry.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe 1,3 propanediol market , including forecasts for subscribers. This continent databook contains high-level insights into Europe 1,3 propanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe 1,3 propanediol market size, by country, 2018-2030 (US$M)
Europe 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
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