Middle East & Africa 1,3 Propanediol Market Size & Outlook
Middle East & Africa 1,3 propanediol market, 2018-2030 (US$M)
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MEA 1,3 propanediol market highlights
- The MEA 1,3 propanediol market generated a revenue of USD 14.4 million in 2023.
- The market is expected to grow at a CAGR of 8.2% 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 14.4 million |
| Market revenue in 2030 | USD 25.0 million |
| Growth rate | 8.2% (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, MEA region accounted for 3.4% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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1,3 Propanediol Market Scope
1,3 Propanediol Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 64.58% in 2023. Horizon Databook has segmented the Middle East & Africa 1,3 propanediol market based on conventional, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East and Africa are promising regions for the demand for 1,3-propanol. According to the Organic, Natural & Clean Beauty MENA Market Report 2023, published by the Middle East Organic and Natural Products Expo, which took place in Dubai, UAE, from 12th to 14th December 2023, the region presents significant opportunities for companies to cater to the growing demand for organic and specialty products in personal care.
According to the report, the clean beauty industry in the Gulf Cooperation Council (GCC) countries is estimated to be valued at USD 2.60 billion by 2025. The post-COVID-19 era has been a driver for using bioproducts for personal care and cosmetics in the region.
Moreover, the interest in natural products, ingredient toxicity, effective sourcing, and organic formulations has evolved in the Middle East & Africa over the past five years. This is anticipated to bring key brands into the region, especially those looking to expand geographically to export-oriented manufacturing hubs.
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Target buyers of Middle East & Africa 1,3 propanediol market databook
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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 continent-level data and insights on the Middle East & Africa 1,3 propanediol market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa 1,3 propanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA 1,3 propanediol market size, by country, 2018-2030 (US$M)
Middle East & Africa 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
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