Japan 1,3 Propanediol Market Size & Outlook, 2023-2030
Japan 1,3 propanediol market, 2018-2030 (US$M)
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Japan 1,3 propanediol market highlights
- The Japan 1,3 propanediol market generated a revenue of USD 16.4 million in 2023 and is expected to reach USD 30.9 million by 2030.
- The Japan market is expected to grow at a CAGR of 9.5% 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 16.4 million |
| Market revenue in 2030 | USD 30.9 million |
| Growth rate | 9.5% (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, Japan accounted for 3.9% 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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Japan 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 61.59% in 2023. Horizon Databook has segmented the Japan 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 surging in Japan owing to its growing personal care products industry. The country has the largest personal care products industry in Asia Pacific. The growth of this industry in Japan is driven by domestic consumer demand for personal care products.
The country's personal care products industry has also become increasingly export-oriented. The improved mobility of the population, new skincare regimen, and the increasing adoption of sunscreen lotions in the country have led to sustained domestic consumption of cosmetics and personal care products.
However, the growth of the 1,3 propanediol market in the country has been restrained owing to the structural reform-related product returns in Japan as a part of the country's return policy. Another key factor that has hampered the growth of the Japanese market was the retail proxy purchasing of cosmetics and personal care products in South Korea, the largest competitor in Japan in the personal care products market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan 1,3 propanediol market , including forecasts for subscribers. This country databook contains high-level insights into Japan 1,3 propanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan 1,3 propanediol market size, by product, 2018-2030 (US$M)
Japan 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
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