Press release
1,3-Propanediol Market Expected to Grow at 870 Million In Revenue by 2024
Key Players- DuPont Tate & Lyle Bio Products Company, LLC (US), Zouping Mingxing Chemical Co., Ltd. (China), Zhangjiagang Glory Biomaterial Co., Ltd. (China), Hunan Rivers Bioengineering Co., Ltd. (China), Haihang Industry Company Ltd. (China), Tokyo Chemical Industry Co., Ltd. (Japan), Merck KGgA (Germany), and Zhangjiagang Huamei Biomaterial Co., Ltd. (China).
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The 1,3-Propanediol Market size is estimated to grow from US$ 490 Million in 2019 to US$ 870 Million by 2024, at a CAGR of 12.2%. This report spread across 98 pages, profiling 09 companies and supported with 68 tables and 39 figures is now available in this research.
"Cosmetics, personal care, and cleaning products application segment is estimated to witness the highest growth rate between 2019 and 2024."
The cosmetics, personal care, and cleaning products application segment is estimated to witness the highest growth rate between 2019 and 2024. Increasing usage of 1,3-propanediol by major manufacturers of these products such as L'Oréal (France), Avon Products, Inc. (UK), Unilever (UK), Method Products (US)and Estée Lauder Inc. (US) is driving market growth.
"1,3-propanediol market in EMEA to witness strong growth during the forecast period."
The EMEA1,3-propanediolmarket is estimated to witness significant growth during the forecast period. The growing demand for bio-based products in the region and the increasing usage of 1,3-propanediol by manufacturers in the growing cosmetics, personal care & cleaning products industry are driving the 1,3-propanediol market in the region.
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The Study Objectives of this report are:
o To strategically profile key players and comprehensively analyze their core competencies
o To identify and analyze opportunities for stakeholders in the market
o To analyze and forecast the size of the 1,3-propanediol market in terms of value and volume
o To provide detailed information regarding key factors such as drivers, restraints, and opportunities influencing the growth of the market
o To define, describe, and segment the 1,3-propanediol market based on application
o To forecast the size of the market for regions such as APAC, the Americas, and Europe, Middle East & Africa
o To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
o To analyze competitive developments such as expansion, innovation, and partnership in the 1,3-propanediol market
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