NEW YORK, January 31, 2022 /PRNewswire/ — The global propanediol market is estimated at US$20.6 million in 2022, and should reach a valuation of US$29 million by 2032, expanding to a CAGR of 3.5% over the forecast period 2022-2032.

1,3 Propanediol is endowed with superior sensory characteristics and hence it is widely used in the personal care industry as a skin-penetrating enhancer, emollient and solvent with moisturizing properties.

Attributed to these factors, the consumption of propanediol in personal care and cleaning products has gained momentum and is expected to see a decent increase in demand.

Want a detailed understanding of the Propanediol Market? Sample request here:

https://www.factmr.com/connectus/sample?flag=S&rep_id=7086

According to the latest industry analysis by Fact.MR, a market research and competitive intelligence provider, global propanediol consumption over the past half-decade has been growing at a CAGR of approximately 1.3%, while global consumption by volume at the end of 2021 stood at around 10.2 kilotons. Consumption of petrochemical-based PDO is expected to be concentrated in the regions discussed, owing to high disposable income and the growing trend of using bio-based propanediol personal care products. In addition, consumers in these regions spend relatively more than their Asia Pacific counterparts.

“Consumer preference for bio-based chemicals promoting the use of propanediol in skin care products”. The gentle properties of propanediol for the skin are mainly due to its natural sources. Since the chemical is naturally derived, its demand for bio-based propanediol has seen an increase owing to the shift in consumer preference from synthetic to herbal products.

Propanediol has been identified as the perfect substance that can retain and attract moisture from the atmosphere by absorption. The water absorption capacity of the chemical is high compared to others.

Attribute

Details

Propanediol Market Size (2021A)

US$20.1 million

Forecast market value (2032F)

US$29 million

Global market growth rate (2022-2032)

3.5% CAGR

North America market share

~31%

Market share of the 2 main propanediol manufacturers

~55%

Key points to remember:

  • Major companies in the propanediol market have shifted their focus from synthetic skincare products to biologics, which has driven the demand for bio-based propanediol.
  • Propanediol consumption in personal care is expected to increase at a CAGR of approximately 3.5% over the decade while being rated at US DOLLARS$ 29.2 Mn by 2032-end.
  • The strong demand for cosmetic products of natural origin stimulates the consumption of PDO.

Growth drivers:

  • Attributed to the properties of bio-based propanediol coupled with consumer preference to buy green branded products, the demand for this bio-based chemical is boosted.
  • Consumer preference for bio-based chemicals Boosting the use of propanediol in skincare products.

Key Constraints:

  • The production of propanediol for its emollient function is poised to show substantial growth during the projected forecast period.

Need more information on the reporting methodology? ask here

https://www.factmr.com/connectus/sample?flag=RM&rep_id=7086

Competitive landscape:

  • Market players invest in innovation and R&D. Moreover, the major players in the industry, over the last half decade, have increased their production capacities, helping them to gain high segmental revenue share in the market.

Key companies:

  • DuPont Tate & Lyle Organic Products
  • DSM & Metabolic Explorer
  • Haihang Industry
  • Zhangjiagang Glory Chemical Industry Co. Ltd.

More valuable insights into Date Sugar Market:

Fact.MR provides an unbiased analysis of the Propanediol market, presenting forecast statistics for the period 2022-2032. The study discloses compelling insights into the Propanediol Market with detailed segmentation on the basis of:

Key Segments Covered in the Propanediol Industry Survey:

  • By origin:
    • PDO derived from petrochemicals
    • Biosourced PDO
      • PDO based on palm oil
      • PDO palm oil free
  • By function:
    • Humectants
    • Solvents
    • emollients
    • Rheology modifiers
    • Others
  • Per application:
    • Propanediol for personal care
      • Facial care products
      • Antiperspirants
      • Hair care products
        • Hair color
        • Shampoo
        • Conditioners
        • Others
    • Propanediol for Cosmetics
      • Eyeliner
      • Foundation
      • Others
  • By region:
    • North America Propanediol Market
    • Propanediol market in Latin America
    • European propanediol market
    • Propanediol market in East Asia
    • South Asia & Oceania Propanediol Market
    • Middle East and the propanediol market in Africa

Key questions covered inSugar Market Report Date:

  • The report offers an overview of the Propanediol market for 2022-2032.
  • The market study also highlights the forecast growth in the Propanediol market sales between 2022 and 2032.
  • The Propanediol Market investigation identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current and forecast market size and technological advancements within the industry.

Explore Fact.MR’s chemical coverage –

Coating Pigments Market: The growth of the coating pigments market is driven by many factors. As the increase in the use of colored packaging materials for several end-use industries such as food packaging, consumer goods packaging, etc. has impacted the coating pigment market.

Wearable Exoskeletons Market: As wearable exoskeletons are a relatively new technological advancement, the landscape is interspersed with the emergence of countless start-ups, in addition to the existing established players. As key industries seek to integrate flexible solutions, the demand for wearable exoskeletons is poised to increase.

Power Generation Pumps Market: The Asia-Pacific Power Generation Pumps Market consists of East Asia power generation pumps market South Asia power generation pump market. In East AsiaPower plants evolve into replacements or upgrades to minimize downtime and maximize performance.

Aircraft Tow Bars Market: Aircraft tow bars are still a weapon of choice when it comes to push back and other ground operations. Airline industries are particularly focused on efficiency and reducing operational time and time lag.

About Fact.MR

Market research and consulting agency that makes the difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. We have offices in the United States and Dublinwith our global headquarters located in dubai. Although our experienced consultants use the latest technology to extract hard-to-find information, we believe that our USP is the trust our clients place in our expertise. Covering a wide range – from automotive and Industry 4.0 tohealth care& retail, our coverage is extensive, but we ensure that even the most niche categories are analyzed. Contact us with your goals and we will be a competent research partner.

Contact:

Mahendra Singh
USA sales office
11140 Rockville Pike
Office 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E:[email protected]

SOURCE Fact.MR

Recommended Posts