The global propanediol market was valued at approximately US$ 20.6 million in 2022 and is projected to reach US$ 29 million by 2032, growing at a CAGR of 3.5% over the forecast period from 2022 to 2032.

Propanediol (PDO) represents about 4.4% of the global chemicals used in personal care products. Consumption of propanediol in the personal care sector is expected to grow at a CAGR of around 3.5%, with its market value estimated to reach US$ 29.2 million by the end of 2032.

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Country Wise Analysis

The U.S. is a major player in the market for paraben-free products, driving a consistent increase in the sales of beauty products featuring naturally derived ingredients.

The rise of e-commerce and online sales channels has given local manufacturers of bio-based propanediol an opportunity to boost revenue. As more local beauty brands offer products with clean labels, they are effectively targeting key consumers in the U.S.

The growing popularity of naturally derived cosmetic products in the U.S. has significantly boosted demand for propanediol (PDO), establishing the U.S. as a leading market for this chemical.

Overall, the U.S. is expected to provide an absolute dollar opportunity of US$ 1.8 million from 2022 to 2023.

Category Wise Analysis

Propanediol is recognized for its exceptional ability to retain and attract moisture from the atmosphere due to its high water-absorbing capacity.

As people age, their skin loses its natural moisturizing factors. Consequently, the use of moisturizers containing humectants has become increasingly popular among the aging population. Propanediol, as a key humectant, has experienced significant growth in demand and is expected to drive the market with a CAGR of 3.5% through 2032.

The application of propanediol as a humectant is anticipated to create an absolute dollar opportunity of US$ 3.5 million over the next decade.

Read More: https://www.factmr.com/report/propanediol-market

Competition Landscape

Prominent manufacturers of propanediol include DuPont Tate & Lyle Bio Products, DSM & Metabolic Explorer, Haihang Industry, and Zhangjiagang Glory Chemical Industry Co. Ltd.

Market players are actively investing in innovation and research and development (R&D). Over the past five years, major companies have significantly increased their production capacities, enabling them to capture a substantial share of the market revenue.

Key Segments Covered in Propanediol Industry Survey

By Source:
Petrochemical-derived PDO
Bio-based PDO
Palm Oil Based PDO
Palm Oil Free PDO
By Function:
Humectants
Solvents
Emollients
Rheology Modifiers
Others
By Application:
Propanediol for Personal Care
Facecare Products
Moisturizers
Serum
Masks
Antiperspirants
Hair Care Products
Hair Color
Shampoo
Conditioners
Others
Propanediol for Cosmetics
Eyeliner
Foundation
Others
By Region:
North America Propanediol Market
Latin America Propanediol Market
Europe Propanediol Market
East Asia Propanediol Market
South Asia & Oceania Propanediol Market
Middle East & Africa Propanediol Market
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