What is Global Panthenol Market?
The Global Panthenol Market is a vast and dynamic sector that encompasses the production, distribution, and sale of Panthenol, a chemical compound widely used in various industries. Panthenol, also known as Provitamin B5, is a stable lit racemic mixture of D-Panthenol and L-Panthenol. The global market for this compound is significant and continues to grow due to its extensive use in various products and industries. The market's value is determined by the demand for products containing Panthenol, such as cosmetics, personal care products, pharmaceuticals, and nutritional supplements. The market's growth is driven by the increasing consumer awareness about the benefits of Panthenol and its widespread use in various products.
D-Panthenol, DL-Panthenol in the Global Panthenol Market:
D-Panthenol and DL-Panthenol are two forms of Panthenol that are extensively used in the Global Panthenol Market. D-Panthenol, also known as dexpanthenol, is the biologically active form of Panthenol. It is a viscous transparent liquid at room temperature but can also be converted into a powder form. It is widely used in cosmetics and beauty products because of its ability to penetrate the skin and hair, providing moisture and improving their appearance. On the other hand, DL-Panthenol is a racemic mixture of D-Panthenol and L-Panthenol. It is less biologically active but is still used in various industries due to its moisturizing properties. Both these forms of Panthenol are in high demand in the global market due to their extensive use in various products and industries.
Personal Care, Cosmetics, Pharmaceuticals and Nutrition Supplements, Others in the Global Panthenol Market:
The Global Panthenol Market finds its usage in various areas such as Personal Care, Cosmetics, Pharmaceuticals, Nutrition Supplements, and others. In the personal care and cosmetics industry, Panthenol is used as a moisturizer and to improve the appearance of skin and hair. It is also used in pharmaceuticals as a healing agent in ointments and creams. In the nutrition supplements industry, Panthenol is used due to its role in improving the health of the skin, hair, and nails. Other uses of Panthenol include its use in food additives and in the production of plastics. The wide range of uses of Panthenol in various industries contributes to the growth and dynamism of the Global Panthenol Market.
Global Panthenol Market Outlook:
Looking at the Global Panthenol Market outlook, it is evident that the market has been growing steadily. In 2023, the market was valued at US$ 96.2 million. The market is expected to continue its growth trajectory, reaching an estimated value of US$ 127 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period from 2024 to 2030. This growth is driven by the increasing demand for Panthenol in various industries and the growing consumer awareness about the benefits of Panthenol.
| Report Metric | Details |
| Report Name | Panthenol Market |
| Accounted market size in 2023 | US$ 96.2 million |
| Forecasted market size in 2030 | US$ 127 million |
| CAGR | 4.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| 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 | BASF, DSM, TRI-K Industries, Kunshan Tongde Chemical, Hangzhou Xinfu Science & Technology, Xinfa Pharmaceutical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
