Monday, January 11, 2021
1,2-pentanediol Market Analysis: Global Size Supposed to reach USD 175 MN in 2027
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The 1,2-pentanediol
market was valued at USS 121.5 million in 2019 and expected to grow at
a CAGR of 8.75% during the forecast period from 2020 to 2027 to reach USD 175
million in 2027. In terms of volume, global 1,2-pentanediol market stood at
around 5,775.0 metric tons in 2019.
1,2-pentanediol is an organic, colorless liquid. 1,2-pentanediol
can prepared from furfuryl alcohol and furfural with hydrogen. 1,2-pentanediol
is also called pentylene glycol. 1,2-pentanediol is used in wide ranging
application across host of industries.
Key Trends in Global 1,2-pentanediol Market
Strong Demand for 1,2-pentanediol in Pesticide Industry
Market growth of 1,2-pentanediol is mainly driven by strong
demand from pesticide industry as an intermediate for synthesis of large number
of chemicals to be used as pesticides. 1,2-pentanediol is also used as an
intermediate in the synthesis of many other chemicals which find applications
in pharmaceuticals, cosmetics, surfactants, etc. Strong demand for pesticides
in Asia Pacific is major driving factor for the growth in demand for
1,2-pentanediol (pentylene glycol).
Impact of COVID 19 on Global 1,2-pentanediol Market
COVID 19 has left an unparalleled impact on growth of global
1,2-pentanediol industry. The global 1,2-pentanediol has witnessed very severe
setback like never before. The demand for 1,2-pentanediol is expected to be
plunged by almost 20% in 2020, in terms of both volume as well as revenue.
However, with the beginning of unlock process across the world and anticipation
of COVID 19 vaccine to be launched during first half of 2020 is expected to
bring recovery in demand for 1,2-pentanediol.
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Global 1,2-pentanediol Market by Type
Insights
Based on its type, the global 1,2-pentanediol
market can be segmented into Cosmetic Grade and Industrial Grade. The By type,
industrial grade segment dominated the global 1,2-pentanediol market with over
60% share in 2019. Industrial segment is also anticipated to keep its dominance
through the forecast period. However, cosmetics grade segment also holds the
significant share in global 1,2-pentanediol market and likely to rise in demand
in the years to come on the account of growing demand for 1,2-pentanediol to be
used an intermediate chemical in the manufacturing of numerous chemicals used
in cosmetics industry.
Global 1,2-pentanediol Market by
Application Insights
Based on its applications, the global 1,2-pentanediol
market can be segmented into Pesticide Intermediates, Cosmetic and Other. By
application, Pesticide Intermediates was largest segment in 2019 with over 45%
share in total revenue generated by this industry. By far and large, Pesticide
Intermediates segment is likely maintaining its dominating position in the
years to come. However, cosmetics segment is also poised to grow at an
attractive CAGR during the forecast period.
Global 1,2-pentanediol Market by
Regional Insights
Asia Pacific accounted for over 40% share in total
consumption of 1,2-pentanediols in 2019. Strong demand for 1,2-pentanediols in
the region can be mainly attributed to the increasing concentration chemical
and pesticides manufacturing in the region. At present, Asia Pacific accounted
for over 45% share in total pesticides production and over 35% share in
consumption. This huge demand for pesticides is mainly driven by the increasing
population and growing need to increase per hectare yield to feed this huge population
in the region. Secondly, growing economy has been resulted into increasing
disposable income in the hands of middle-class population in China, India and
South East Asia. This has been resulted into growing per capita expenditure on
personal care and cosmetics, leading to growing demand for 1,2-pentanediols as
an intermediate in the manufacturing various cosmetics and personal care
products.
Global 1,2-pentanediol Market
Competitive Landscape
Key players operating in the field of manufacturing
1,2-pentanediol including but not limited to Symrise, Minasol, Kokyu, BASF,
Evonik, Jiangsu First, Realsun Chemical, Jujing Chemical, and Others. All the
major players are focusing on development of innovative products. Global 1,2-pentanediol
market is moderately concentrated with the presence of some of the large
players. Most of players are focusing on consolidation of their market share
with increasing foothold around the world.
Market Segmentation
Global 1,2-pentanediol Market by Type,
2015 - 2027
· Cosmetic
Grade
· Industrial
Grade
Global 1,2-pentanediol Market by
Application, 2015 - 2027
· Pesticide
Intermediates
· Cosmetic
· Other
Global 1,2-pentanediol Market by
Region, 2015 - 2027
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East
and Africa
Global 1,2-pentanediol Market: Key
Players
· Kokyu
· Realsun
Chemical
· Jujing
Chemical
· Jiangsu First
· BASF
· Evonik
· Symrise
· Minasolve
. Others
Key questions answered in this report
- COVID
19 impact analysis on global 1,2-pentanediol industry
- What
are the current market trends and dynamics in the 1,2-pentanediol market
and valuable opportunities for emerging players?
- What
is driving 1,2-pentanediol market?
- What
are the key challenges to market growth?
- Which
segment accounts for the fastest CAGR during the forecast period?
- Which
product type segment holds a larger market share and why?
- Are
low and middle-income economies investing in the 1,2-pentanediol market?
- Key
growth pockets on the basis of regions, types, applications, and end-users
- What
is the market trend and dynamics in emerging markets such as Asia Pacific,
Latin America, and Middle East & Africa?
To Understand How Covid-19 Impact Is
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Table Of Content:
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global 1,2-PENTANEDIOL Market
2.2. Global 1,2-PENTANEDIOL Market, by Product, 2019 (US$ Bn)
2.3. Global 1,2-PENTANEDIOL Market, by Application, 2019 (US$ Bn)
2.4. Global 1,2-PENTANEDIOL Market, by Geography, 2019 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global 1,2-PENTANEDIOL Market Value, 2015-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2019
3.4. Market Positioning of Key Players, 2019
3.4.1. Major Strategies Adopted by Key Players
4. Global 1,2-PENTANEDIOL Market, by
Product, 2015-2027 (US$ Bn)
4.1. Overview
4.2. Industrial Grade
4.3. Cosmetic Grade
4.4. thers
5. Global 1,2-PENTANEDIOL Market, by
End-user, 2015-2027 (US$ Bn)
5.1. Overview
5.2. Cosmetic
5.3. Pesticide Intermediates
5.4. Others
6. North America 1,2-PENTANEDIOL Market
Analysis, 2015-2027 (US$ Bn)
6.1. Overview
6.1.1. North America 1,2-PENTANEDIOL Market Value and Growth, 2015-2027, (US$
Bn)
6.2. North America 1,2-PENTANEDIOL Market Value, By Product, 2015-2027 (US$ Bn)
6.2.1. Market Analysis
6.3. North America 1,2-PENTANEDIOL Market Value, By End-user, 2015-2027 (US$
Bn)
6.3.1. Market Analysis
6.4. North America 1,2-PENTANEDIOL Market Value, By Region/Country, 2015-2027
(US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Canada
6.4.4. Rest of North America
7. Europe 1,2-PENTANEDIOL Market
Analysis, 2015-2027 (US$ Bn)
……………..
8. Asia Pacific 1,2-PENTANEDIOL Market
Analysis, 2015-2027 (US$ Bn)
……………
9. Rest of the World 1,2-PENTANEDIOL
Market Analysis, 2015-2027 (US$ Bn)
…………….
10. Company Profiles
10.1. Kokyu
10.2. Realsun Chemical
10.3. Jujing Chemical.
10.4. Jiangsu First
10.5. BASF SE
10.6. Evonik
10.7. Symrise
10.8. Minasolve
……………
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