Latin America 1,3 Propanediol Market Size & Outlook
Latin America 1,3 propanediol market, 2018-2030 (US$M)
Related Markets
Latin America 1,3 propanediol market highlights
- The Latin America 1,3 propanediol market generated a revenue of USD 18.5 million in 2023.
- The market is expected to grow at a CAGR of 8.4% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 18.5 million |
| Market revenue in 2030 | USD 32.6 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Conventional |
| 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, Latin America region accounted for 4.4% 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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Latin America 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 53.51% in 2023. Horizon Databook has segmented the Latin America 1,3 propanediol market based on conventional, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The Central & South America 1,3 propanediol market accounted for a low revenue and volume share relative to the global market. This situation will likely remain the same over the forecast period, owing to the consolidated nature of the global market and the availability of traditional substitutes of 1,3 propanediol. Hence, this region is expected to have a minimal volume and value impact on the global market.
The penetration levels of 1,3 propanediol in Central and South America are lower than in the global market due to the availability of traditional substitutes, such as glycol, in key applications.
However, there is a potential for replacement, with increasing awareness levels about the benefits of 1,3 propanediol and the presence of a relatively dependable domestic manufacturing market for personal care products, furniture, and carpets, especially in countries such as Brazil, Argentina, Chile, Ecuador, and Colombia.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America 1,3 propanediol market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America 1,3 propanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America 1,3 propanediol market size, by country, 2018-2030 (US$M)
Latin America 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
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