Global Propanediol Market Research Report 2024(Status and Outlook)

December 2024 | 170 pages | ID: GE574E19E2A5EN
Bosson Research

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Report Overview

Propanediol, also known as 1,3-propanediol, is a versatile chemical compound used in various industries such as cosmetics, pharmaceuticals, food, and automotive. It is a colorless and odorless liquid with properties that make it a suitable alternative to traditional glycols. The market for propanediol is positioned as a key ingredient in the production of environmentally friendly products due to its biodegradable and non-toxic nature.

As of 2023, the global propanediol market size stands at approximately USD 400 million. The market is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.5% from 2024 to 2032. This growth can be attributed to several key drivers and market forces. Firstly, the increasing demand for eco-friendly products across industries is propelling the adoption of propanediol as a sustainable ingredient. Additionally, stringent regulations promoting the use of environmentally safe chemicals are driving market growth.

One prominent trend in the propanediol market is the rising popularity of bio-based propanediol. Manufacturers are increasingly focusing on developing bio-based propanediol derived from renewable sources such as corn, sugarcane, and glycerin. This trend is driven by the growing consumer preference for natural and sustainable products. For instance, companies like DuPont Tate & Lyle Bio Products have introduced bio-based propanediol in their product portfolio, catering to the demand for eco-friendly solutions.

Another trend shaping the market is the expanding application of propanediol in the cosmetics industry. Propanediol is widely used in skincare, haircare, and personal care products due to its moisturizing and solvent properties. With the rising trend of clean beauty and natural ingredients in cosmetics, propanediol has gained traction as a preferred ingredient in formulations. Companies like BASF SE and Croda International Plc are leveraging this trend by offering propanediol-based solutions to cosmetic manufacturers.

In terms of regional market distribution, North America and Europe are leading markets for propanediol. The dominance of these regions can be attributed to the presence of established industries such as cosmetics, pharmaceuticals, and food & beverage. Moreover, stringent regulations promoting sustainable practices in these regions are driving the adoption of propanediol. In Asia Pacific, the market is witnessing significant growth due to the rapid industrialization and increasing awareness regarding environmental sustainability.

Despite the positive growth outlook, the propanediol market faces challenges such as price volatility of raw materials and competition from substitutes. Fluctuations in the prices of feedstocks like glycerin and propylene glycol can impact the overall production cost of propanediol. Additionally, the availability of alternative chemicals with similar properties poses a threat to the market growth of propanediol. Overcoming these challenges will require strategic pricing strategies and continuous innovation in product development to maintain a competitive edge in the market.

In conclusion, the propanediol market is poised for steady growth driven by the increasing demand for sustainable solutions across industries. Manufacturers need to capitalize on the trends of bio-based products and expanding applications in cosmetics to harness the full potential of the market. By addressing key challenges and leveraging regional market dynamics, companies can position themselves for success in the evolving propanediol market landscape.

This report provides a deep insight into the global Propanediol market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Propanediol Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Propanediol market in any manner.

Global Propanediol Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Dow

Huntsman

DuPont (Tate ? Lyle )

ADM

Polioles

Lyondell Basell Industries

Repsol

BASF

Oelon

Sumitomo Chemical

Asahi

ADEKA

SKC

Shell

Shandong Shida Shenghua Chemical

Tongling Jintai Chemical

CNOOC and Shell Petrochemicals

Hi-tech Spring Chemical

Daze Group

Shandong Depu Chemical

Market Segmentation (by Type)

Petroleum-Based Propanediol

Bio-Based Propanediol

Market Segmentation (by Application)

Unsaturated Polyester Resin

Food, Pharmaceuticals & Cosmetics

Antifreeze & Functional Fluid

Liquid Detergents

Plasticizers

Others

Geographic Segmentation
  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Propanediol Market
  • Overview of the regional outlook of the Propanediol Market:
Key Reasons to Buy this Report:
  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 6-month post-sales analyst support
Customization of the Report

In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Propanediol Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.
1 RESEARCH METHODOLOGY AND STATISTICAL SCOPE

1.1 Market Definition and Statistical Scope of Propanediol
1.2 Key Market Segments
  1.2.1 Propanediol Segment by Type
  1.2.2 Propanediol Segment by Application
1.3 Methodology & Sources of Information
  1.3.1 Research Methodology
  1.3.2 Research Process
  1.3.3 Market Breakdown and Data Triangulation
  1.3.4 Base Year
  1.3.5 Report Assumptions & Caveats

2 PROPANEDIOL MARKET OVERVIEW

2.1 Global Market Overview
  2.1.1 Global Propanediol Market Size (M USD) Estimates and Forecasts (2019-2032)
  2.1.2 Global Propanediol Sales Estimates and Forecasts (2019-2032)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
2.4 Macroeconomic Analysis

3 PROPANEDIOL MARKET COMPETITIVE LANDSCAPE

3.1 Global Propanediol Sales by Manufacturers (2019-2024)
3.2 Global Propanediol Revenue Market Share by Manufacturers (2019-2024)
3.3 Propanediol Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Propanediol Average Price by Manufacturers (2019-2024)
3.5 Manufacturers Propanediol Sales Sites, Area Served, Product Type
3.6 Propanediol Market Competitive Situation and Trends
  3.6.1 Propanediol Market Concentration Rate
  3.6.2 Global 5 and 10 Largest Propanediol Players Market Share by Revenue
  3.6.3 Mergers & Acquisitions, Expansion

4 PROPANEDIOL INDUSTRY CHAIN ANALYSIS

4.1 Propanediol Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis

5 THE DEVELOPMENT AND DYNAMICS OF PROPANEDIOL MARKET

5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
  5.5.1 New Product Developments
  5.5.2 Mergers & Acquisitions
  5.5.3 Expansions
  5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies

6 PROPANEDIOL MARKET SEGMENTATION BY TYPE

6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Propanediol Sales Market Share by Type (2019-2024)
6.3 Global Propanediol Market Size Market Share by Type (2019-2024)
6.4 Global Propanediol Price by Type (2019-2024)

7 PROPANEDIOL MARKET SEGMENTATION BY APPLICATION

7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Propanediol Market Sales by Application (2019-2024)
7.3 Global Propanediol Market Size (M USD) by Application (2019-2024)
7.4 Global Propanediol Sales Growth Rate by Application (2019-2024)

8 PROPANEDIOL MARKET SALES BY REGION

8.1 Global Propanediol Sales by Region
  8.1.1 Global Propanediol Sales by Region
  8.1.2 Global Propanediol Sales Market Share by Region
8.2 Global Propanediol Market Size by Region
  8.2.1 Global Propanediol Market Size by Region
  8.2.2 Global Propanediol Market Size Market Share by Region
8.3 North America
  8.3.1 North America Propanediol Sales by Country
  8.3.2 North America Propanediol Market Size by Country
  8.3.3 U.S. Market Overview
  8.3.4 Canada Market Overview
  8.3.5 Mexico Market Overview
8.4 Europe
  8.4.1 Europe Propanediol Sales by Country
  8.4.2 Europe Propanediol Market Size by Country
  8.4.3 Germany Market Overview
  8.4.4 France Market Overview
  8.4.5 U.K. Market Overview
  8.4.6 Italy Market Overview
  8.4.7 Russia Market Overview
8.5 Asia Pacific
  8.5.1 Asia Pacific Propanediol Sales by Region
  8.5.2 China
  8.5.3 Japan
  8.5.4 South Korea
  8.5.5 India
  8.5.6 Southeast Asia
8.6 Asia Pacific
  8.6.1 Asia Pacific Propanediol Market Size by Region
  8.6.2 Asia Pacific Propanediol Market Size by Region
  8.6.3 China
  8.6.4 Japan
  8.6.5 South Korea
  8.6.6 India
  8.6.7 Southeast Asia
8.7 South America
  8.7.1 South America Propanediol Sales by Country
  8.7.2 South America Propanediol Market Size by Country
  8.7.3 Brazil
  8.7.4 Argentina
  8.7.5 Columbia
8.8 Middle East and Africa
  8.8.1 Middle East and Africa Propanediol Sales by Region
  8.8.2 Middle East and Africa Propanediol Market Size by Region
  8.8.3 Saudi Arabia
  8.8.4 UAE
  8.8.5 Egypt
  8.8.6 Nigeria
  8.8.7 South Africa

9 PROPANEDIOL MARKET PRODUCTION BY REGION

9.1 Global Production of Propanediol by Region (2019-2024)
9.2 Global Propanediol Revenue Market Share by Region (2019-2024)
9.3 Global Propanediol Production, Revenue, Price and Gross Margin (2019-2024)
9.4 North America Propanediol Production
  9.4.1 North America Propanediol Production Growth Rate (2019-2024)
  9.4.2 North America Propanediol Production, Revenue, Price and Gross Margin (2019-2024)
9.5 Europe Propanediol Production
  9.5.1 Europe Propanediol Production Growth Rate (2019-2024)
  9.5.2 Europe Propanediol Production, Revenue, Price and Gross Margin (2019-2024)
9.6 Japan Propanediol Production (2019-2024)
  9.6.1 Japan Propanediol Production Growth Rate (2019-2024)
  9.6.2 Japan Propanediol Production, Revenue, Price and Gross Margin (2019-2024)
9.7 China Propanediol Production (2019-2024)
  9.7.1 China Propanediol Production Growth Rate (2019-2024)
  9.7.2 China Propanediol Production, Revenue, Price and Gross Margin (2019-2024)

10 KEY COMPANIES PROFILE

10.1 Dow
  10.1.1 Dow Propanediol Basic Information
  10.1.2 Dow Propanediol Product Overview
  10.1.3 Dow Propanediol Product Market Performance
  10.1.4 Dow Business Overview
  10.1.5 Dow Propanediol SWOT Analysis
  10.1.6 Dow Recent Developments
10.2 Huntsman
  10.2.1 Huntsman Propanediol Basic Information
  10.2.2 Huntsman Propanediol Product Overview
  10.2.3 Huntsman Propanediol Product Market Performance
  10.2.4 Huntsman Business Overview
  10.2.5 Huntsman Propanediol SWOT Analysis
  10.2.6 Huntsman Recent Developments
10.3 DuPont (Tate ? Lyle )
  10.3.1 DuPont (Tate ? Lyle ) Propanediol Basic Information
  10.3.2 DuPont (Tate ? Lyle ) Propanediol Product Overview
  10.3.3 DuPont (Tate ? Lyle ) Propanediol Product Market Performance
  10.3.4 DuPont (Tate ? Lyle ) Propanediol SWOT Analysis
  10.3.5 DuPont (Tate ? Lyle ) Business Overview
  10.3.6 DuPont (Tate ? Lyle ) Recent Developments
10.4 ADM
  10.4.1 ADM Propanediol Basic Information
  10.4.2 ADM Propanediol Product Overview
  10.4.3 ADM Propanediol Product Market Performance
  10.4.4 ADM Business Overview
  10.4.5 ADM Recent Developments
10.5 Polioles
  10.5.1 Polioles Propanediol Basic Information
  10.5.2 Polioles Propanediol Product Overview
  10.5.3 Polioles Propanediol Product Market Performance
  10.5.4 Polioles Business Overview
  10.5.5 Polioles Recent Developments
10.6 Lyondell Basell Industries
  10.6.1 Lyondell Basell Industries Propanediol Basic Information
  10.6.2 Lyondell Basell Industries Propanediol Product Overview
  10.6.3 Lyondell Basell Industries Propanediol Product Market Performance
  10.6.4 Lyondell Basell Industries Business Overview
  10.6.5 Lyondell Basell Industries Recent Developments
10.7 Repsol
  10.7.1 Repsol Propanediol Basic Information
  10.7.2 Repsol Propanediol Product Overview
  10.7.3 Repsol Propanediol Product Market Performance
  10.7.4 Repsol Business Overview
  10.7.5 Repsol Recent Developments
10.8 BASF
  10.8.1 BASF Propanediol Basic Information
  10.8.2 BASF Propanediol Product Overview
  10.8.3 BASF Propanediol Product Market Performance
  10.8.4 BASF Business Overview
  10.8.5 BASF Recent Developments
10.9 Oelon
  10.9.1 Oelon Propanediol Basic Information
  10.9.2 Oelon Propanediol Product Overview
  10.9.3 Oelon Propanediol Product Market Performance
  10.9.4 Oelon Business Overview
  10.9.5 Oelon Recent Developments
10.10 Sumitomo Chemical
  10.10.1 Sumitomo Chemical Propanediol Basic Information
  10.10.2 Sumitomo Chemical Propanediol Product Overview
  10.10.3 Sumitomo Chemical Propanediol Product Market Performance
  10.10.4 Sumitomo Chemical Business Overview
  10.10.5 Sumitomo Chemical Recent Developments
10.11 Asahi
  10.11.1 Asahi Propanediol Basic Information
  10.11.2 Asahi Propanediol Product Overview
  10.11.3 Asahi Propanediol Product Market Performance
  10.11.4 Asahi Business Overview
  10.11.5 Asahi Recent Developments
10.12 ADEKA
  10.12.1 ADEKA Propanediol Basic Information
  10.12.2 ADEKA Propanediol Product Overview
  10.12.3 ADEKA Propanediol Product Market Performance
  10.12.4 ADEKA Business Overview
  10.12.5 ADEKA Recent Developments
10.13 SKC
  10.13.1 SKC Propanediol Basic Information
  10.13.2 SKC Propanediol Product Overview
  10.13.3 SKC Propanediol Product Market Performance
  10.13.4 SKC Business Overview
  10.13.5 SKC Recent Developments
10.14 Shell
  10.14.1 Shell Propanediol Basic Information
  10.14.2 Shell Propanediol Product Overview
  10.14.3 Shell Propanediol Product Market Performance
  10.14.4 Shell Business Overview
  10.14.5 Shell Recent Developments
10.15 Shandong Shida Shenghua Chemical
  10.15.1 Shandong Shida Shenghua Chemical Propanediol Basic Information
  10.15.2 Shandong Shida Shenghua Chemical Propanediol Product Overview
  10.15.3 Shandong Shida Shenghua Chemical Propanediol Product Market Performance
  10.15.4 Shandong Shida Shenghua Chemical Business Overview
  10.15.5 Shandong Shida Shenghua Chemical Recent Developments
10.16 Tongling Jintai Chemical
  10.16.1 Tongling Jintai Chemical Propanediol Basic Information
  10.16.2 Tongling Jintai Chemical Propanediol Product Overview
  10.16.3 Tongling Jintai Chemical Propanediol Product Market Performance
  10.16.4 Tongling Jintai Chemical Business Overview
  10.16.5 Tongling Jintai Chemical Recent Developments
10.17 CNOOC and Shell Petrochemicals
  10.17.1 CNOOC and Shell Petrochemicals Propanediol Basic Information
  10.17.2 CNOOC and Shell Petrochemicals Propanediol Product Overview
  10.17.3 CNOOC and Shell Petrochemicals Propanediol Product Market Performance
  10.17.4 CNOOC and Shell Petrochemicals Business Overview
  10.17.5 CNOOC and Shell Petrochemicals Recent Developments
10.18 Hi-tech Spring Chemical
  10.18.1 Hi-tech Spring Chemical Propanediol Basic Information
  10.18.2 Hi-tech Spring Chemical Propanediol Product Overview
  10.18.3 Hi-tech Spring Chemical Propanediol Product Market Performance
  10.18.4 Hi-tech Spring Chemical Business Overview
  10.18.5 Hi-tech Spring Chemical Recent Developments
10.19 Daze Group
  10.19.1 Daze Group Propanediol Basic Information
  10.19.2 Daze Group Propanediol Product Overview
  10.19.3 Daze Group Propanediol Product Market Performance
  10.19.4 Daze Group Business Overview
  10.19.5 Daze Group Recent Developments
10.20 Shandong Depu Chemical
  10.20.1 Shandong Depu Chemical Propanediol Basic Information
  10.20.2 Shandong Depu Chemical Propanediol Product Overview
  10.20.3 Shandong Depu Chemical Propanediol Product Market Performance
  10.20.4 Shandong Depu Chemical Business Overview
  10.20.5 Shandong Depu Chemical Recent Developments

11 PROPANEDIOL MARKET FORECAST BY REGION

11.1 Global Propanediol Market Size Forecast
11.2 Global Propanediol Market Forecast by Region
  11.2.1 North America Market Size Forecast by Country
  11.2.2 Europe Propanediol Market Size Forecast by Country
  11.2.3 Asia Pacific Propanediol Market Size Forecast by Region
  11.2.4 South America Propanediol Market Size Forecast by Country
  11.2.5 Middle East and Africa Forecasted Sales of Propanediol by Country

12 FORECAST MARKET BY TYPE AND BY APPLICATION (2025-2032)

12.1 Global Propanediol Market Forecast by Type (2025-2032)
  12.1.1 Global Forecasted Sales of Propanediol by Type (2025-2032)
  12.1.2 Global Propanediol Market Size Forecast by Type (2025-2032)
  12.1.3 Global Forecasted Price of Propanediol by Type (2025-2032)
12.2 Global Propanediol Market Forecast by Application (2025-2032)
  12.2.1 Global Propanediol Sales (K MT) Forecast by Application
  12.2.2 Global Propanediol Market Size (M USD) Forecast by Application (2025-2032)

13 CONCLUSION AND KEY FINDINGS


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