North America 1,3 Propanediol Market Size & Outlook
North America 1,3 propanediol market, 2018-2030 (US$M)
Related Markets
North America 1,3 propanediol market highlights
- The North America 1,3 propanediol market generated a revenue of USD 152.0 million in 2023.
- The market is expected to grow at a CAGR of 9.5% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 152.0 million |
| Market revenue in 2030 | USD 287.5 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Bio-based |
| 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, North America region accounted for 35.8% 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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North 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.
Bio-based was the largest segment with a revenue share of 75.99% in 2023. Horizon Databook has segmented the North America 1,3 propanediol market based on conventional, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
1,3 propanediol is used in cosmetics as an ingredient in lotions, serums, and creams due to its moisturizing and hydrating properties. North America 1,3 propanediol market is expected to grow on account of the presence of various personal care and cosmetic companies such as Maybelline New York, Procter & Gamble, Colgate-Palmolive Company, Avon, Unilever, and Johnson & Johnson Private Limited.
Moreover, a strong manufacturing base of global cosmetic manufacturers, such as Unilever, Johnson & Johnson Private Limited, and Procter & Gamble, in the U.S. is expected to promote the demand for personal care products. Thus, the rising demand for cosmetics is expected to boost the demand for 1,3 propanediol in North America over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America 1,3 propanediol market , including forecasts for subscribers. This continent databook contains high-level insights into North America 1,3 propanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America 1,3 propanediol market size, by country, 2018-2030 (US$M)
North America 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
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