What is Global 1,5-Pentanediol Market?
The Global 1,5-Pentanediol Market is a specialized and in-depth study of the chemical industry with a special focus on the global market trend analysis. The 1,5-Pentanediol is a colorless liquid that is used in a variety of applications in the chemical industry. It is primarily used as a solvent in the production of resins and plastics, and as a component in the manufacture of polyester and polyurethane. The market for this chemical is driven by its wide range of applications and its increasing demand in various industries. However, the market is also influenced by the fluctuating prices of raw materials and the stringent environmental regulations related to its production and use. Despite these challenges, the market is expected to grow steadily over the forecast period, driven by the increasing demand from emerging economies and the development of new applications for this chemical.
98% Purity, 99% Purity in the Global 1,5-Pentanediol Market:
The Global 1,5-Pentanediol Market is segmented based on purity into 98% Purity and 99% Purity. The 98% Purity segment is expected to dominate the market due to its wide range of applications in various industries. This purity level is suitable for most applications and is therefore in high demand. On the other hand, the 99% Purity segment is expected to grow at a faster rate due to its superior quality and performance. This purity level is preferred in applications where high performance and quality are required. The growth of this segment is driven by the increasing demand for high-quality products in various industries.
Polyester Resin, Polyurethane, Plasticizer, Glutaraldehyde, Others in the Global 1,5-Pentanediol Market:
The Global 1,5-Pentanediol Market finds its usage in several areas including Polyester Resin, Polyurethane, Plasticizer, Glutaraldehyde, and others. In the Polyester Resin industry, it is used as a solvent and a component in the manufacture of resins. In the Polyurethane industry, it is used as a raw material in the production of polyurethane foams. As a Plasticizer, it is used to increase the flexibility and durability of plastics. In the production of Glutaraldehyde, it is used as a reducing agent. The other applications of 1,5-Pentanediol include its use in the production of pharmaceuticals, cosmetics, and personal care products. The wide range of applications of this chemical is a major factor driving its market growth.
Global 1,5-Pentanediol Market Outlook:
The market outlook for the Global 1,5-Pentanediol Market is positive. In 2022, the market was valued at US$ 34 million and it is expected to reach US$ 44 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast period from 2023 to 2029. The market is dominated by the top three manufacturers who hold a share of over 80%. The market growth is driven by the increasing demand for this chemical in various industries and the development of new applications. However, the market is also influenced by the fluctuating prices of raw materials and the stringent environmental regulations related to its production and use. Despite these challenges, the market is expected to grow steadily over the forecast period.
| Report Metric | Details |
| Report Name | 1,5-Pentanediol Market |
| Accounted market size in 2023 | US$ 35 million |
| Forecasted market size in 2029 | US$ 44 million |
| CAGR | 3.8 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | BASF, UBE, Shandong Yuanli Science and Technology Co.,Ltd, Zhejiang Boadge Chemical, Huangshan Basihui Chemical Auxiliary, Hefei Evergreen Chemical, Guangzhou Chen Yu Chemicals |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
