Propanediol Market is Expanding at a CAGR of 3.5% to Reach US$ 29 Million by 2032

The Propanediol Market is estimated at US$ 20.6 Mn in 2022, and is projected to reach a valuation of US$ 29 Mn by 2032, expanding at a CAGR of 3.5% through the forecast period of 2022-2032.

1, 3 propanediol comes equipped with superior sensory characteristics, and hence, is being extensively used in the personal care industry as a skin penetration enhancer, emollient, and solvent with moisturizing properties.

Attributed to these factors consumption of propanediol in personal care & cleaning products has gained traction and is anticipated to see decent rise in demand.

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As per latest industry analysis by Fact.MR, a market research and competitive intelligence provider, global propanediol consumption over the past half-decade increased at a CAGR of around 1.3%, while global volume consumption by 2021-end stood at around 10.2 kilo tons. Consumption of petrochemical-based PDO is expected to be concentrated in the discussed regions, owing to high disposable income and rising trend of using bio-based propanediol personal care products. Moreover, consumers in these regions spend relatively more than their Asia Pacific counterparts.

“Consumer Preference for Bio-based Chemicals Driving use of Propanediol in Skin Care Products”. Propanediol’s gentle skin attributes is mainly due to its naturally occurring sources. Since the chemical is naturally derived, its bio-based propanediol demand has seen a surge owing to change in consumer preference from synthetic-based products to plant-based products.

Propanediol has been identified as the perfect substance that can retain and attract moisture from the atmosphere via absorption. The chemical’s water absorbing capacity is high when compared to others.

Key Takeaways: 

• Top companies in the propanediol market have shifted their focus from synthetic to organic skin care products, which has boosted demand for bio-based propanediol.
• Propanediol consumption in personal care is projected to increase at a CAGR of around 3.5% over the decade while being valued at US$ 29.2 Mn by 2032-end.
• High Demand for Naturally Derived Cosmetic Products Driving PDO Consumption.

Growth Drivers: 

• Attributed to the properties of bio-based propanediol coupled with consumer preference to buy green label products is driving demand for this bio-based chemical.
• Consumer Preference for Bio-based Chemicals Driving use of Propanediol in Skin Care Products.

Key Restraints:

• Production of propanediol for its function as an emollient is poised to show substantial growth over the projected forecast period.