South Africa 1,3 Propanediol Market Size & Outlook
South Africa 1,3 propanediol market, 2018-2030 (US$M)
Related Markets
South Africa 1,3 propanediol market highlights
- The South Africa 1,3 propanediol market generated a revenue of USD 3.5 million in 2023 and is expected to reach USD 6.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.9% 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 3.5 million |
| Market revenue in 2030 | USD 6.0 million |
| Growth rate | 7.9% (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, South Africa accounted for 0.8% 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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South 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 65.71% in 2023. Horizon Databook has segmented the South Africa 1,3 propanediol market based on conventional, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The South African 1,3 propanediol market is anticipated to grow due to the presence of domestic manufacturers of cosmetics and personal care products. Companies such as Lelive and Suki Naturals have consciously focused their marketing efforts on catering to differing skin types and tones in the country and differentiating themselves from global brands.
Moreover, contract manufacturers are active in the region, making it easier for homegrown brands to reach the domestic market and export effectively to other African countries. Hence, South Africa has traditionally focused on sustainable and natural products in their beauty and personal care formulations.
Therefore, consumers increasingly choose locally sourced products that benefit their skin and hair. With clean beauty and sustainability being the keywords in the South African personal care market, the demand for 1,3 propanediol is anticipated to increase over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa 1,3 propanediol market , including forecasts for subscribers. This country databook contains high-level insights into South Africa 1,3 propanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa 1,3 propanediol market size, by product, 2018-2030 (US$M)
South Africa 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
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