Italy 1,3 Propanediol Market Size & Outlook, 2023-2030
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Italy 1,3 propanediol market highlights
- The Italy 1,3 propanediol market generated a revenue of USD 14.1 million in 2023 and is expected to reach USD 25.8 million by 2030.
- The Italy market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, bio-based was the largest revenue generating product in 2023.
- Bio-based is the most lucrative product segment registering the fastest growth during the forecast period.
1,3 propanediol market data book summary
| Market revenue in 2023 | USD 14.1 million |
| Market revenue in 2030 | USD 25.8 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Bio-based |
| Fastest growing segment | Bio-based |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Conventional, Bio-based |
| Key market players worldwide | DuPont de Nemours Inc, Shell PLC, Merck KGaA, METabolic EXplorer, Tokyo Chemical Industry, Primient, Haihang Industry Co. |
Other key industry trends
- In terms of revenue, Italy accounted for 3.3% of the global 1,3 propanediol market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany 1,3 propanediol market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 30.8 million by 2030.
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1,3 Propanediol Market Scope
1,3 Propanediol Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Primient | View profile | 1001-5000 | Eldorado, Illinois, United States, North America | https://primient.com |
| Tokyo Chemical Industry | View profile | 501-1000 | Chennai, Tamil Nadu, India, Asia | https://www.tcichemicals.com/ |
| METabolic EXplorer | View profile | 51-100 | Saint-beauzire, Auvergne, France, Europe | https://www.metabolic-explorer.fr |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| Merck KGaA | View profile | 62345 | Frankfurter Strasse 250, Darmstadt, HE, Germany, 64293 | https://www.emdgroup.com |
Italy 1,3 propanediol market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to 1,3 propanediol market will help companies and investors design strategic landscapes.
Bio-based was the largest segment with a revenue share of 54.61% in 2023. Horizon Databook has segmented the Italy 1,3 propanediol market based on conventional, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The personal care industry in Italy is witnessing healthy growth owing to the growing preference for organic and bioproducts. This is reflected in the several acquisitions that have been taking place in the country. For instance, in January 2024, Germany-based Nordmann, a chemical producer, acquired Italybased SD Chemicals S.r.l. for an undisclosed amount.
This transaction will enable the former to expand into the Italian market and provide raw materials to the cosmetics and personal care industries. Such companies consume 1,3 propanediol for the production of bio-based emollients.
Similar activity occurred regarding acquisition by cosmetics and personal care brands, such as Sharon Personal Care’s acquisition of Res Pharma in April 2023 and PAI Partner’s acquisition of Beautynova in March 2024. Hence, such initiatives are expected to strengthen the 1,3 propanediol market in Italy during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy 1,3 propanediol market , including forecasts for subscribers. This country databook contains high-level insights into Italy 1,3 propanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy 1,3 propanediol market size, by product, 2018-2030 (US$M)
Italy 1,3 Propanediol Market Outlook Share, 2023 & 2030 (US$M)
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