Reports and Data has recently published a novel research report on global 1,3 Propanediol market, forecast to 2027. The report provides detailed insights of market revenue trends, industry trends, market size, market share, market revenue growth drivers, restraints, limitations and top companies. The report emphasizes on current competitive landscape, profiles of key companies in the market, strategies employed such as mergers, acquisitions, contracts, recent developments, agreements, new product development and launches. The report also sheds light on manufacturing and production of products along with recent collaborations in the market. Some of the major key companies operating in the global 1,3 Propanediol Market Report include DuPont Tate & Lyle Bio Products Company, LLC, Zhangjiagang Glory Biomaterial Co., Ltd., Royal Dutch Shell PLC, Haihang Industry Co., Ltd., Merck KGaA, Tokyo Chemical Industry Co., Ltd., Cargill, Incorporated, Hunan Rivers Bioengineering Co., Ltd., Godrej Industries Ltd., and Zhangjiagang Huamei Biomaterial Co., Ltd., among others..
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The Asia Pacific region is expected to retain its dominance in the global market. The market is North America is growing at apace due to the extensive use of 1,3 Propanediol in various industrial sectors. China and India are some of the fastest-growing markets in the world, and the United States and China hold some of the most prominent players in the market.
Further key findings from the report suggest
- 1,3-Propanediol can act as a multipurpose ingredient that includes humectant, emollient, booster, process solvent, viscosity enhancer, carrier for actives, chemical intermediate, and others. This organic compound is a high purity chemical ingredient produced from renewable sources which are completely GMO-free and doesn't create risks for the environment.
- Growing penetration of the online retailing businesses for the chemicals and materials, especially in the emerging nations in the Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to the non-involvement of the distributors in the supply chain model, the profit margin is way more than that of the offline retailing distribution channel. The online retailing is expected to gain a market share of 26.2% by 2027.
- Growing use of the cosmetic & personal care products such as skin cream, moisturizer, lotion, hair color, foundation, serums, face masks, antiperspirant, and eyeliner, to name a few, contributes to the market growth enormously. A rise in the awareness about hair care and skin care and an increase in disposable income is expected to augment the demand for cosmetics and personal care products.
- Europe is growing at a CAGR of 12.1% in the forecast period. Netherland and France have some of the valuable players in this region. Europe is also expected to retain a significant position in the market.
- North America is forecasted to witness significant growth in the overall market due to its increasing demand for the paints & coatings, cosmetic & personal care, and fabric products, having grown at a CAGR of 14.0% during the forecast period. US possesses the highest market share in this region and some of the vital players of the market.
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For the purpose of this report, Reports and Data have segmented the global 1,3 Propanediol Market on the basis of the application, sales channel, production, end-use verticals and region:
Application Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
- Process Solvent
- Chemical Intermediate
- Antifreezing & De-icing Agent
- Adhesive & Laminates
- Tonner & Coating
Sales Channel Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
- Online Retailing
- Offline Retailing
Production Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
- Conventional Process
End-Use Verticals Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
- PTT Manufacturing
- Personal Care & Cosmetics
- Construction Material
- Industrial Manufacturing
Regional Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
- North America
- Asia Pacific
- Latin America
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