What is Global 2-Methyl-1, 3-Propanediol Market?
The Global 2-Methyl-1, 3-Propanediol Market is a specialized and in-depth study of the chemical industry with a special focus on the global market trend analysis. The report aims to provide an overview of the 2-Methyl-1, 3-Propanediol market with detailed market segmentation by type, application, and geography. The global 2-Methyl-1, 3-Propanediol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading 2-Methyl-1, 3-Propanediol market players and offers key trends and opportunities in the market.
Pharmaceutical Grade, Industrial Grade in the Global 2-Methyl-1, 3-Propanediol Market:
The Global 2-Methyl-1, 3-Propanediol Market is segmented based on the grade into Pharmaceutical Grade and Industrial Grade. The Pharmaceutical Grade 2-Methyl-1, 3-Propanediol is primarily used in the pharmaceutical industry for the production of various drugs and medicines. On the other hand, the Industrial Grade 2-Methyl-1, 3-Propanediol is used in various industrial applications such as in the production of resins, coatings, plasticizers, and others. The demand for both grades is driven by their respective end-use industries and their growth prospects. The market dynamics for both grades are influenced by factors such as technological advancements, regulatory policies, and economic factors among others.
Unsaturated Polyester Resins (Composites), Unsaturated Polyester Resins (Gel Coats), Saturated Polyester for Coating, Polyurethane, Plasticizers, MPO Alkoxylate, MPO Polycarbonate, Modified Polyethylene Terephthalate (PET), Personal Care, Others in the Global 2-Methyl-1, 3-Propanediol Market:
The Global 2-Methyl-1, 3-Propanediol Market finds its application in various areas such as Unsaturated Polyester Resins (Composites), Unsaturated Polyester Resins (Gel Coats), Saturated Polyester for Coating, Polyurethane, Plasticizers, MPO Alkoxylate, MPO Polycarbonate, Modified Polyethylene Terephthalate (PET), Personal Care, and Others. Each of these applications utilizes the unique properties of 2-Methyl-1, 3-Propanediol to serve their specific needs. For instance, in the production of Unsaturated Polyester Resins, 2-Methyl-1, 3-Propanediol provides superior thermal stability and mechanical properties. Similarly, in the Personal Care industry, it is used as a humectant and skin conditioning agent due to its excellent moisturizing properties.
Global 2-Methyl-1, 3-Propanediol Market Outlook:
The Global 2-Methyl-1, 3-Propanediol Market is a dynamic and rapidly evolving market. As per the recent market outlook, the market was valued at US$ 133 million in 2022 and is projected to reach a value of US$ 164 million by 2029. This indicates a steady Compound Annual Growth Rate (CAGR) of 3.0% during the forecast period from 2023 to 2029. The market is highly concentrated with the top three manufacturers holding a significant market share of over 95%. In terms of product segmentation, the Industrial Grade segment dominates the market with a share of about 100%. This dominance can be attributed to the wide range of applications of Industrial Grade 2-Methyl-1, 3-Propanediol in various industries.
| Report Metric | Details |
| Report Name | 2-Methyl-1, 3-Propanediol Market |
| Accounted market size in 2022 | US$ 133 million |
| Forecasted market size in 2029 | US$ 164 million |
| CAGR | 3.0% |
| Base Year | 2022 |
| 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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| Consumption by Region |
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| By Company | Dairen Chemical Corp, LyondellBasell, Perstorp |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
