1,8-octanediol Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.25 Billion by 2030, growing at a CAGR of 6.7% from 2024 to 2030.
The global 1,8-octanediol market was valued at approximately USD 40 million in 2022, with a compound annual growth rate (CAGR) of around 5.5% expected from 2022 to 2030. This growth is driven by increasing demand across various industries such as personal care, pharmaceuticals, and agrochemicals. The cosmetic and personal care industry, in particular, is a significant contributor to market expansion, as 1,8-octanediol is widely used as a skin conditioning agent and preservative. Additionally, the pharmaceutical sector is also witnessing an increased application of 1,8-octanediol as an intermediate in the synthesis of active pharmaceutical ingredients (APIs), which further boosts the market growth.
Emerging markets in the Asia-Pacific region present substantial growth opportunities for the 1,8-octanediol market due to the rising consumer demand for high-quality personal care products and expanding pharmaceutical manufacturing activities. Countries like China and India are anticipated to play a key role in market development due to their large consumer base and rapidly growing industrial sectors. Furthermore, the development of innovative applications of 1,8-octanediol in new formulations and its potential use in eco-friendly and sustainable product lines is likely to provide new growth avenues for market participants over the forecast period.
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Shandong Guangtong New Materials
Zhejiang Boju New Material
Qingdao Lilai Chemicals
Changyu Group
Ningbo Jieersheng Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global 1,8-octanediol Market
Polyester Polyol
Polyurethane
Flavors and Fragrances
Pharmaceutical Industry
Others
Based on Types the Market is categorized into Below types that held the largest 1,8-octanediol market share In 2023.
98% Purity
99% Purity
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 1,8-octanediol Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global 1,8-octanediol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global 1,8-octanediol Market, By Type
6. Global 1,8-octanediol Market, By Application
7. Global 1,8-octanediol Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global 1,8-octanediol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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