U.S. 1,3 Propanediol Market Size & Outlook, 2023-2030
U.S. 1,3 propanediol market, 2018-2030 (US$M)
Related Markets
U.S. 1,3 propanediol market highlights
- The U.S. 1,3 propanediol market generated a revenue of USD 131.2 million in 2023 and is expected to reach USD 249.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 9.6% 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.
1,3 propanediol market data book summary
| Market revenue in 2023 | USD 131.2 million |
| Market revenue in 2030 | USD 249.3 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Bio-based |
| 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, U.S. accounted for 30.9% 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 North America, U.S. 1,3 propanediol market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 249.3 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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U.S. 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 U.S. 1,3 propanediol market based on conventional, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. 1,3 propanediol market has experienced significant demand from the personal care industry as it effectively replaces glycol and butylene as a more environmentally and skin-friendly alternative. The personal care industry is constantly booming in the domestic market. Key producers executed several growth and expansion plans in 2023.
For instance, in August 2023, e.l.f. Beauty signed an agreement to acquire Naturium, a skincare brand, for USD 355 million. Similarly, in August 2023, American Exchange Group acquired HatchCollective for an undisclosed sum to form AX Beauty Brands. Such partnerships reflect a strong industry growth, which caters to the needs of the growing population that utilizes personal care products.
In terms of polytrimethylene terephthalate demand, the carpet industry is also shifting toward sustainable production processes to align with climate goals. For instance, in May 2023, Mohawk Industries was the first flooring manufacturer listed on America’s Climate Leaders by USA Today to use sustainable production and manufacturing processes.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. 1,3 propanediol market , including forecasts for subscribers. This country databook contains high-level insights into U.S. 1,3 propanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. 1,3 propanediol market size, by product, 2018-2030 (US$M)
U.S. 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
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