South Korea 1,3 Propanediol Market Size & Outlook
South Korea 1,3 propanediol market, 2018-2030 (US$M)
Related Markets
South Korea 1,3 propanediol market highlights
- The South Korea 1,3 propanediol market generated a revenue of USD 11.4 million in 2023 and is expected to reach USD 21.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.2% 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.
1,3 propanediol market data book summary
| Market revenue in 2023 | USD 11.4 million |
| Market revenue in 2030 | USD 21.2 million |
| Growth rate | 9.2% (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 Korea accounted for 2.7% 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 Asia Pacific, China 1,3 propanediol market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 124.2 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 Korea 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 61.4% in 2023. Horizon Databook has segmented the South Korea 1,3 propanediol market based on conventional, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The personal care products market in South Korea is growing at the highest rate in the Asia Pacific owing to the popularity of products manufactured in the country in the global market. New trends, innovations, R&D, and the usage of advanced bioingredients in personal care products contribute to their popularity in the domestic market and other countries in Asia Pacific.
According to the U.S. International Trade Administration (ITA), South Korea ranked fourth in personal care products and cosmetics exports in 2022–23. As a result, the country's government has introduced several regulations and certifications for using ingredients in the personal care and cosmetic industry.
For instance, in July 2019, the Ministry of Food & Drug Safety (MFDS) implemented the Regulation on the Standards of Natural and Organic Cosmetic Products, which specifies definitions for organic and natural labeling, permitted ingredients, and manufacturing processes related to personal care products. In addition, labeling and advertising requirements for marketing organic and biocosmetics vary from those of inorganic cosmetics.
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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 country-level data and insights on the South Korea 1,3 propanediol market , including forecasts for subscribers. This country databook contains high-level insights into South Korea 1,3 propanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea 1,3 propanediol market size, by product, 2018-2030 (US$M)
South Korea 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
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