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In this report, LP Information covers the present scenario with the base year being 2017 and the growth prospects of global 1,2Pentanediol market for 20182023.
1,2pentanediol is an important organic intermediate, mainly used as a synthetic agent for the synthesis of propiconazole, but also the production of polyester fiber, surfactants, cosmetics, pharmaceutical and other important raw materials.
1,2pentanediol industry is concentrated relatively. Currently, there are several producing companies in the world 1,2pentanediol industry. The main market players are BASF, Evonik, Symrise, Minasolve and Kokyu. The poduction of 1,2pentanediol will increase to 5292 MT in 017 from 3687 MT in 2012 with average growth rate of 1.76%. Global 1,2pentanediol capacity utilization rate remained at around 63.59% in 2016.
In consumption market, the global consumption value of 1,2pentanediol increases with the 4.55% average growth rate. Europe and China are the mainly consumption regions due to the bigger demand of downstream applications. In 2016, these two regions occupied 58.29% of the global consumption volume in total.
1,2pentanediol has two types, which include cosmetic grade and industrial grade. And each type has application industries relatively. With moisturizing and sterilizing effect of 1,2pentanediol, the downstream application industries will need more 1,2pentanediol products. So, 1,2pentanediol has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce high purity and good performance 1,2pentanediol through improving technology.
The major raw materials for 1,2pentanediol are 1pentene, formic acid and hydrogen peroxide, and other auxiliary chemicals. Fluctuations in the price of the upstream product will impact on the production cost of 1,2pentanediol. The 1,2pentanediol manufacturers are trying to reduce production cost by developing production method.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents decreasing according to the economy development status and international competition. Also, there is fluctuation in gross margin.
Over the next five years, LPILP Information projects that 1,2Pentanediol will register a 5.1% CAGR in terms of revenue, reach US$ 170 million by 2023, from US$ 120 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of 1,2Pentanediol market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
This report also splits the market by region:
Middle East Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global 1,2Pentanediol consumption value volume by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of 1,2Pentanediol market by identifying its various subsegments.
Focuses on the key global 1,2Pentanediol manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the 1,2Pentanediol with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industryspecific challenges and risks.
To project the consumption of 1,2Pentanediol submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.NEXT ARTICLE
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