Germany 1,3 Propanediol Market Size & Outlook, 2023-2030
Germany 1,3 propanediol market, 2018-2030 (US$M)
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Germany 1,3 propanediol market highlights
- The Germany 1,3 propanediol market generated a revenue of USD 24.6 million in 2023 and is expected to reach USD 45.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 9.2% 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 24.6 million |
| Market revenue in 2030 | USD 45.6 million |
| Growth rate | 9.2% (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, Germany accounted for 5.8% 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 Europe, Germany 1,3 propanediol market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 30.8 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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Germany 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 54.47% in 2023. Horizon Databook has segmented the Germany 1,3 propanediol market based on conventional, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The German economy went into a state of recession in 2023 due to weak business prospects and the impact of the Russia-Ukraine war, which resulted in high energy costs, labor shortages, and a spike in the price of construction materials by as high as 15.9% since 2022.
Major central banks such as the U.S. Federal Reserve, the European Central Bank, and the Bank of England raised interest rates in 2023 to ease high inflation throughout the year. The German construction industry was adversely impacted, especially in the residential segment. However, the rising proportion of the elderly population in the country resulted in social housing.
This segment witnessed increasing subsidies of about EUR 2.50 billion (~USD 2.73 billion) in 2023. This is projected to fuel the construction of community centers and hospitals in Germany in the coming years, thereby augmenting the demand for 1,3 propanediol-based polyurethane & polytrimethylene terephthalate furniture and carpets over the forecast period.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Germany 1,3 propanediol market , including forecasts for subscribers. This country databook contains high-level insights into Germany 1,3 propanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany 1,3 propanediol market size, by product, 2018-2030 (US$M)
Germany 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
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