Saudi Arabia 1,3 Propanediol Market Size & Outlook
Saudi Arabia 1,3 propanediol market, 2018-2030 (US$M)
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Saudi Arabia 1,3 propanediol market highlights
- The Saudi Arabia 1,3 propanediol market generated a revenue of USD 4.4 million in 2023 and is expected to reach USD 7.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.5% 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 4.4 million |
| Market revenue in 2030 | USD 7.8 million |
| Growth rate | 8.5% (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, Saudi Arabia accounted for 1.0% 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 Middle East & Africa, Saudi Arabia 1,3 propanediol market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 7.8 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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Saudi Arabia 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 63.64% in 2023. Horizon Databook has segmented the Saudi Arabia 1,3 propanediol market based on conventional, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
Rising disposable incomes and increasing wealth, particularly among the young urban population, are key drivers of the increase in personal care products in Saudi Arabia. Several domestic manufacturers are active in the country, such as Asteri and Saudi Factory for Perfumes and Cosmetics Ltd (Mahmood Saeed)., which provide ‘Halal’ certification on their products, a stringent regulatory requirement for sales in the country.
Moreover, the country is a key detergent manufacturer in the region, with the presence of companies such as the Saudi Industrial Detergent Company, Al-Riyadh Company for Detergents Industry, Knooz Al Ardh Detergent Factory Company LLC, and Al Mina Detergents Factory Co. With the increasing awareness about sustainable materials used for production, the demand for 1,3 propanediol is anticipated to grow in Saudi Arabia over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia 1,3 propanediol market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia 1,3 propanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia 1,3 propanediol market size, by product, 2018-2030 (US$M)
Saudi Arabia 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
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