1,2-Alkanediol Market Trends and Market Analysis forecasted for period 2024-2031

Executive Summary

The 1,2-Alkanediol market research report provides a comprehensive analysis of the market conditions, trends, and geographical spread in regions such as North America (NA), Asia-Pacific (APAC), Europe, the United States (USA), and China. The market for 1,2-Alkanediol is expected to grow at a CAGR of % during the forecasted period.

The executive summary of the market research report highlights the key findings of the study, including market size, growth opportunities, challenges, and competitive landscape. The report also discusses the market trends shaping the 1,2-Alkanediol industry, such as increasing demand for natural and synthetic ingredients in personal care and pharmaceutical products, growing consumer awareness regarding the benefits of sustainable and eco-friendly products, and rising investments in research and development activities.

In terms of geographical spread, North America is expected to dominate the 1,2-Alkanediol market due to the presence of key players, technological advancements, and increasing investments in innovation. The Asia-Pacific region is projected to witness significant growth in the market, driven by the rising demand for personal care and pharmaceutical products, increasing disposable income, and changing consumer preferences. Europe is also expected to register substantial growth in the 1,2-Alkanediol market, owing to stringent regulations regarding the use of sustainable and environmentally friendly ingredients in personal care and pharmaceutical products.

The United States and China are identified as key markets for 1,2-Alkanediol, with a growing focus on developing novel applications and expanding product portfolios. Overall, the 1,2-Alkanediol market is poised for steady growth, driven by increasing demand from various end-use industries and evolving consumer preferences for sustainable and eco-friendly products.

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Market Segmentation:

This 1,2-Alkanediol Market is further classified into Overview, Deployment, Application, and Region. 

In terms of Components, 1,2-Alkanediol Market is segmented into:

• Symrise
• BASF
• Evonik
• Lanxess
• Minasolve
• Kokyu
• Realsun Chemical
• Jujing Chemical
• Mitsubishi Chemical
• Zhejiang Boadge Chemical
• Wuxi Zhufeng Fine Chemical
• B&B
• JCLBIO
• Dow
• LyondellBasell
• Indorama Ventures
• ADM
• INEOS
• Repsol
• SKC
• Shell
• Shandong Shida Shenghua Chemical Group
• Dongying Hi-tech Spring Chemical Industrial
• Shandong Daze Group
• Shandong Depu Chem

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The 1,2-Alkanediol Market Analysis by types is segmented into:

• 1,2-Propanediol
• 1,2-Butanediol
• 1,2-Pentanediol
• 1,2-Hexanediol
• 1,2-Octanediol
• 1,2-Decanediol

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The 1,2-Alkanediol Market Industry Research by Application is segmented into:

• Unsaturated Polyester Resins (UPR)
• Functional Fluids
• Cosmetics, Pharmaceutics and Food
• Liquid Detergents

In terms of Region, the 1,2-Alkanediol Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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Key Drivers and Barriers in the 1,2-Alkanediol Market

Key drivers in the 1,2-Alkanediol market include the increasing demand for high-performance chemicals in various industries such as pharmaceuticals, cosmetics, and personal care products. The growing awareness about the benefits of using 1,2-Alkanediol as a solvent and preservative is also driving market growth. However, barriers such as stringent regulations on chemical usage and environmental concerns regarding the production and disposal of 1,2-Alkanediol are hindering market growth. The challenges faced in the market include the need for continuous research and development to improve the quality and efficacy of 1,2-Alkanediol products, as well as the competition from alternative chemicals in the market.

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Competitive Landscape

Among the competitive players in the 1,2-Alkanediol market, BASF is a leading global chemical company with a strong presence in the industry. BASF has a long history dating back to 1865 and has grown significantly over the years to become one of the largest chemical companies globally. The company has a diverse product portfolio, including various specialty chemicals, and has a strong presence in the 1,2-Alkanediol market.

Another key player in the market is Dow, a multinational chemical corporation that operates in various segments, including the production of 1,2-Alkanediol. Dow has a robust market presence and is known for its innovative products and high-quality solutions. The company has experienced consistent growth over the years and has established itself as a key player in the global chemical industry.

Evonik is another significant player in the 1,2-Alkanediol market, known for its specialty chemicals and high-performance materials. The company has a long history dating back to 1847 and has expanded its operations globally, catering to various industries including the production of 1,2-Alkanediol. Evonik has a strong market presence and is recognized for its focus on sustainability and innovation.

In terms of sales revenue, BASF reported sales of over €59 billion in 2020, while Dow reported sales of over $41 billion in the same year. These figures indicate the significant market size and revenue potential in the 1,2-Alkanediol market. With key players like BASF, Dow, and Evonik leading the market, it is expected that the industry will continue to grow and evolve in the coming years.

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