India 1,3 Propanediol Market Size & Outlook, 2023-2030
India 1,3 propanediol market, 2018-2030 (US$M)
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India 1,3 propanediol market highlights
- The India 1,3 propanediol market generated a revenue of USD 23.1 million in 2023 and is expected to reach USD 44.2 million by 2030.
- The India market is expected to grow at a CAGR of 9.7% 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 23.1 million |
| Market revenue in 2030 | USD 44.2 million |
| Growth rate | 9.7% (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, India accounted for 5.4% 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
| Name | Profile | # Employees | HQ | Website |
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India 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 61.47% in 2023. Horizon Databook has segmented the India 1,3 propanediol market based on conventional, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
Personal care products and detergent industries have grown significantly in India, owing to the growing urban population, increasing awareness of personal care regimens, and the higher spending power of the salaried younger generation.
Personal care product brands have rapidly expanded their operations in India to cater to the growing demand for their products. For instance, in September 2023, L'Oreal announced its entry into the country's dermo-cosmetic market after introducing L'Oreal Dermatological Beauty in India.
The company aims to target its products to dermatologists, patients, and consumers with its U.S.-based skincare brand, CeraVe. The launch of such products and their adoption are anticipated to enhance the demand for 1,3 propanediol in India in the coming years, thereby leading to market growth in the country.
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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 India 1,3 propanediol market , including forecasts for subscribers. This country databook contains high-level insights into India 1,3 propanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India 1,3 propanediol market size, by product, 2018-2030 (US$M)
India 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
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