The global 1,2 Propanediol Market is poised to register a 5.8% CAGR from $5.2 Billion in 2024 to $7.3 Billion in 2030.
The global 1,2 Propanediol Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type (Industrial Grade, Food Grade, pharmaceutical Grade), By Application (Unsaturated polyester resins (UPR), Functional fluids, CP and F, Liquid detergents, Others).
An Introduction to Global 12 Propanediol Market in 2024
The 1,2 propanediol market is witnessing significant growth driven by its versatile applications in industries such as cosmetics, personal care, pharmaceuticals, and polymers. Key trends shaping the future of the 1,2 propanediol industry include the increasing demand for bio-based and renewable alternatives to petroleum-derived glycols in various formulations. Moreover, with advancements in biotechnology and fermentation processes, there is a trend towards the production of 1,2 propanediol from renewable feedstocks such as sugar cane, corn, and biomass, reducing reliance on fossil fuels and minimizing environmental impact. Additionally, innovations in chemical synthesis and purification techniques are driving the development of high-purity and cost-effective 1,2 propanediol products with superior performance and sustainability credentials. Furthermore, with the growing awareness of health and environmental concerns, there is a rising interest in 1,2 propanediol as a non-toxic and biodegradable ingredient in eco-friendly formulations for cosmetics, personal care products, and pharmaceuticals, driving market growth and adoption in green chemistry and sustainable manufacturing initiatives.
1,2 Propanediol Market Competitive Landscape
The market report analyses the leading companies in the industry including Archer Daniels Midland Company, Arham Petrochem Pvt. Ltd, BASF SE, Dow Inc, Global Bio chem Technology Group Co. Ltd, HELM AG, Huntsman International LLC, INEOS Group Holdings SA, LyondellBasell Industries NV, Manali Petrochemicals Ltd, Merck KGaA, Repsol S.A., Royal Dutch Shell plc, SKC Co. Ltd, Sumitomo Chemical Company Ltd.
1,2 Propanediol Market Dynamics
1 2 propanediol Market Trend: Growing Demand for Eco-Friendly and Sustainable Ingredients
A prominent trend in the 1,2-propanediol market is the growing demand for eco-friendly and sustainable ingredients. As consumers become more environmentally conscious, there's a shift towards using renewable and biodegradable materials in various industries, including personal care, pharmaceuticals, and food. 1,2-propanediol, derived from renewable sources such as corn starch or glycerin, serves as a versatile ingredient with applications in cosmetics, pharmaceuticals, and food products. This trend is driven by increasing awareness of environmental issues, regulatory pressure to reduce carbon footprint, and consumer preferences for products that are safe, natural, and sustainable. As a result, manufacturers are investing in the production of bio-based 1,2-propanediol to meet the growing demand for environmentally friendly ingredients in the global market.
1 2 propanediol Market Driver: Rising Demand in Personal Care and Cosmetics Industry
The primary driver for the 1,2-propanediol market is the rising demand in the personal care and cosmetics industry. 1,2-propanediol serves as a multifunctional ingredient in skincare, haircare, and cosmetic products due to its moisturizing, solvent, and humectant properties. With increasing consumer demand for high-performance and natural-based personal care products, there's a growing need for ingredients like 1,2-propanediol that offer formulation flexibility, stability, and skin-friendly characteristics. Factors such as population growth, rising disposable income, and changing consumer lifestyles drive the demand for innovative and effective personal care products, fueling the growth of the 1,2-propanediol market in the cosmetics industry.
1 2 propanediol Market Opportunity: Expansion into Pharmaceutical and Food Applications
An opportunity for market advancement in the 1,2-propanediol segment lies in the expansion into pharmaceutical and food applications. 1,2-propanediol, recognized as Generally Recognized as Safe (GRAS) by the FDA, finds applications as a solvent, carrier, and humectant in pharmaceutical formulations, dietary supplements, and food products. With the increasing demand for pharmaceutical excipients and food additives that meet safety, quality, and regulatory standards, there's a potential opportunity for manufacturers to diversify their product offerings and target these industries. By focusing on product innovation, quality assurance, and compliance with regulatory requirements, companies can tap into the growing market for pharmaceutical and food-grade 1,2-propanediol, providing safe and effective ingredients for various applications in the healthcare and food sectors.
1, 2-propanediol Market Share Analysis: Industrial Grade generated the highest revenue in 2024
The largest segment in the 1,2-propanediol market is industrial grade, primarily due to its extensive use across a wide range of industrial applications. Industrial grade 1,2-propanediol serves as a versatile solvent, humectant, and chemical intermediate in various industries such as cosmetics, textiles, coatings, and antifreeze solutions. Its ability to dissolve a wide range of substances, combined with its low toxicity and environmental friendliness, makes it a preferred choice for industrial processes. Additionally, industrial grade 1,2-propanediol is used in the production of polyurethanes, resins, and other polymers, further contributing to its dominance in the market. As industries continue to expand and innovate, the demand for industrial grade 1,2-propanediol remains robust, solidifying its position as the largest segment in the market.
1, 2-propanediol Market Share Analysis: Unsaturated Polyester Resins (UPR segment is poised to register the fastest growth rate (CAGR) over the forecast period to 2030
The fastest-growing segment in the 1,2-propanediol market is Unsaturated Polyester Resins (UPR), fueled by increasing demand from the construction and automotive industries. UPRs are widely used as binders in the production of fiberglass-reinforced plastics, composites, and coatings, owing to their excellent mechanical properties, corrosion resistance, and versatility. With the growing construction activities worldwide, particularly in emerging economies, there is a rising demand for UPR-based materials in applications such as pipes, tanks, and building panels. Additionally, the automotive industry's shift towards lightweight materials and sustainability has led to increased adoption of UPR-based composites in vehicle manufacturing. Furthermore, the development of eco-friendly UPR formulations, coupled with stringent regulations promoting the use of low-VOC materials, has further accelerated the growth of this segment. As industries continue to prioritize performance, sustainability, and regulatory compliance, the demand for UPRs is expected to continue its rapid ascent, making it the fastest-growing segment in the 1,2-propanediol market.
1,2 Propanediol Market Report Segmentation
By Type
Industrial Grade
Food Grade
pharmaceutical Grade
By Application
Unsaturated polyester resins (UPR)
Functional fluids
CP and F
Liquid detergents
Others
Regions Included
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
1,2 Propanediol Companies Profiled in the Market Study
Archer Daniels Midland Company
Arham Petrochem Pvt. Ltd
BASF SE
Dow Inc
Global Bio chem Technology Group Co. Ltd
HELM AG
Huntsman International LLC
INEOS Group Holdings SA
LyondellBasell Industries NV
Manali Petrochemicals Ltd
Merck KGaA
Repsol S.A.
Royal Dutch Shell plc
SKC Co. Ltd
Sumitomo Chemical Company Ltd
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 1,2 Propanediol Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global 1,2 Propanediol Market Size Outlook, $ Million, 2021 to 2030
3.2 1,2 Propanediol Market Outlook by Type, $ Million, 2021 to 2030
3.3 1,2 Propanediol Market Outlook by Product, $ Million, 2021 to 2030
3.4 1,2 Propanediol Market Outlook by Application, $ Million, 2021 to 2030
3.5 1,2 Propanediol Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of 1,2 Propanediol Industry
4.2 Key Market Trends in 1,2 Propanediol Industry
4.3 Potential Opportunities in 1,2 Propanediol Industry
4.4 Key Challenges in 1,2 Propanediol Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global 1,2 Propanediol Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global 1,2 Propanediol Market Outlook by Segments
7.1 1,2 Propanediol Market Outlook by Segments, $ Million, 2021- 2030
By Type
Industrial Grade
Food Grade
pharmaceutical Grade
By Application
Unsaturated polyester resins (UPR)
Functional fluids
CP and F
Liquid detergents
Others
8 North America 1,2 Propanediol Market Analysis and Outlook To 2030
8.1 Introduction to North America 1,2 Propanediol Markets in 2024
8.2 North America 1,2 Propanediol Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America 1,2 Propanediol Market size Outlook by Segments, 2021-2030
By Type
Industrial Grade
Food Grade
pharmaceutical Grade
By Application
Unsaturated polyester resins (UPR)
Functional fluids
CP and F
Liquid detergents
Others
9 Europe 1,2 Propanediol Market Analysis and Outlook To 2030
9.1 Introduction to Europe 1,2 Propanediol Markets in 2024
9.2 Europe 1,2 Propanediol Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe 1,2 Propanediol Market Size Outlook by Segments, 2021-2030
By Type
Industrial Grade
Food Grade
pharmaceutical Grade
By Application
Unsaturated polyester resins (UPR)
Functional fluids
CP and F
Liquid detergents
Others
10 Asia Pacific 1,2 Propanediol Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific 1,2 Propanediol Markets in 2024
10.2 Asia Pacific 1,2 Propanediol Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific 1,2 Propanediol Market size Outlook by Segments, 2021-2030
By Type
Industrial Grade
Food Grade
pharmaceutical Grade
By Application
Unsaturated polyester resins (UPR)
Functional fluids
CP and F
Liquid detergents
Others
11 South America 1,2 Propanediol Market Analysis and Outlook To 2030
11.1 Introduction to South America 1,2 Propanediol Markets in 2024
11.2 South America 1,2 Propanediol Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America 1,2 Propanediol Market size Outlook by Segments, 2021-2030
By Type
Industrial Grade
Food Grade
pharmaceutical Grade
By Application
Unsaturated polyester resins (UPR)
Functional fluids
CP and F
Liquid detergents
Others
12 Middle East and Africa 1,2 Propanediol Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa 1,2 Propanediol Markets in 2024
12.2 Middle East and Africa 1,2 Propanediol Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa 1,2 Propanediol Market size Outlook by Segments, 2021-2030
By Type
Industrial Grade
Food Grade
pharmaceutical Grade
By Application
Unsaturated polyester resins (UPR)
Functional fluids
CP and F
Liquid detergents
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Archer Daniels Midland Company
Arham Petrochem Pvt. Ltd
BASF SE
Dow Inc
Global Bio chem Technology Group Co. Ltd
HELM AG
Huntsman International LLC
INEOS Group Holdings SA
LyondellBasell Industries NV
Manali Petrochemicals Ltd
Merck KGaA
Repsol S.A.
Royal Dutch Shell plc
SKC Co. Ltd
Sumitomo Chemical Company Ltd
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Type
Industrial Grade
Food Grade
pharmaceutical Grade
By Application
Unsaturated polyester resins (UPR)
Functional fluids
CP and F
Liquid detergents
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
