1,2-Alkanediol Market size was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The 1,2-Alkanediol market is experiencing significant growth across various industries due to its versatile properties and wide range of applications. It is primarily used as a key ingredient in the formulation of unsaturated polyester resins (UPR), functional fluids, cosmetics, pharmaceutics and food products, liquid detergents, and a variety of other industrial and consumer products. These applications are supported by the compound's characteristics such as high solubility, low toxicity, and stability under various environmental conditions. The use of 1,2-Alkanediol in these sectors plays a critical role in enhancing product performance, extending shelf life, and providing desirable sensory properties. This report aims to provide an in-depth analysis of the 1,2-Alkanediol market segmented by application, shedding light on the key drivers, trends, opportunities, and challenges impacting each segment.
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In the unsaturated polyester resins (UPR) industry, 1,2-Alkanediol serves as a key ingredient in the production of high-performance composites used across various sectors such as construction, automotive, and marine industries. The ability of 1,2-Alkanediol to enhance resin properties such as thermal stability, chemical resistance, and flexibility makes it highly sought after in the production of UPR-based materials. The demand for UPR in lightweight materials is increasing as industries continue to prioritize sustainability and fuel efficiency, further boosting the growth of the 1,2-Alkanediol market in this application segment. Additionally, UPR's ease of processing and cost-effectiveness has led to an expansion of its usage in smaller applications like household appliances and consumer electronics.Furthermore, 1,2-Alkanediol-based UPR composites offer improved properties like better resistance to degradation, higher tensile strength, and a longer product lifespan, which aligns with the growing demand for durable and high-performance materials. With the expansion of the construction and automotive industries globally, the use of unsaturated polyester resins, and consequently, the demand for 1,2-Alkanediol, is expected to witness significant growth. The trend towards sustainable solutions in these industries is also expected to positively influence the market for UPR and, by extension, the 1,2-Alkanediol market in the coming years.
Functional fluids, such as coolants, lubricants, and hydraulic fluids, utilize 1,2-Alkanediol due to its excellent thermal stability, low volatility, and ability to provide enhanced performance under extreme conditions. The compound’s properties, including its ability to function as a corrosion inhibitor and a demulsifier, make it ideal for use in various functional fluids. Industries such as automotive, manufacturing, and energy rely heavily on the development and use of high-performance fluids to ensure machinery longevity, energy efficiency, and system reliability. As technology advances, the performance requirements for functional fluids continue to increase, driving the demand for high-quality additives like 1,2-Alkanediol. The rising demand for environmentally friendly alternatives is also shaping the growth of the functional fluids market. 1,2-Alkanediol’s biodegradable and non-toxic characteristics make it a preferred choice in the formulation of eco-friendly fluids. This shift toward green products in sectors such as automotive and manufacturing, which are focusing on reducing their environmental impact, is expected to increase the adoption of 1,2-Alkanediol in the functional fluids sector. Additionally, the growing need for high-performance fluids in electric vehicles (EVs) and renewable energy systems could provide substantial growth opportunities for 1,2-Alkanediol in functional fluid applications.
1,2-Alkanediol is increasingly being used in the cosmetics industry as a humectant, emulsifier, and solvent due to its ability to enhance the texture and stability of formulations. It helps in the retention of moisture in skin care products, making it ideal for use in creams, lotions, and serums. Its non-toxic and gentle nature makes it suitable for use in products designed for sensitive skin. The demand for natural and safe ingredients in cosmetics has fueled the preference for 1,2-Alkanediol, as it serves as a versatile and non-irritating alternative to other chemical-based ingredients. In addition to its use in moisturizing products, 1,2-Alkanediol is also valued for its ability to improve the sensory experience of products, providing a smooth and non-greasy finish. This enhances the overall appeal of cosmetic products, especially in the premium skin care market, where consumers are increasingly seeking higher-quality formulations. The growing awareness of the benefits of sustainable and bio-based ingredients is expected to boost the demand for 1,2-Alkanediol in cosmetics. As consumers continue to prioritize the safety and efficacy of their personal care products, the role of 1,2-Alkanediol in cosmetics is set to expand significantly.
In the pharmaceutical and food industries, 1,2-Alkanediol is used as a stabilizer, solvent, and excipient in drug formulations. It is particularly valued for its ability to improve the solubility and bioavailability of poorly soluble drugs, making it essential in the development of effective oral and topical medications. The compound’s non-toxic and biocompatible nature makes it an ideal choice for use in pharmaceutical formulations, where safety and efficacy are paramount. Additionally, 1,2-Alkanediol is used in food products as a flavor carrier and preservative, further highlighting its versatility across different applications.The pharmaceutical industry’s focus on drug formulation innovation and the growing global demand for more effective and safer medicines are expected to drive the use of 1,2-Alkanediol in this sector. Additionally, in the food industry, as consumer preferences shift toward cleaner and healthier labels, the demand for non-toxic and functional ingredients such as 1,2-Alkanediol is anticipated to rise. Its application as a solvent for essential oils and active ingredients further supports its growing use in nutraceuticals and functional food products. The continued expansion of the global health and wellness trend is expected to generate significant opportunities for 1,2-Alkanediol in both the pharmaceutical and food industries.
1,2-Alkanediol is increasingly utilized in the formulation of liquid detergents due to its ability to act as a solvent and a stabilizing agent. In liquid detergents, it helps improve the formulation's stability and enhances the product’s cleaning efficiency. As an effective wetting agent, 1,2-Alkanediol contributes to the uniform spread of detergents on surfaces, ensuring a more effective cleaning process. Additionally, it can serve as a thickening agent, offering the benefit of improved texture and usability in liquid detergent products. The increasing consumer demand for effective, convenient, and environmentally friendly cleaning solutions is driving the growth of this application segment.With the growing focus on sustainability and eco-friendly products in the household and industrial cleaning sectors, the demand for biodegradable and non-toxic detergent ingredients like 1,2-Alkanediol is rising. This is especially true as consumers become more conscious of the environmental impact of chemical-laden products. The expanding market for liquid detergents, including those designed for high-performance industrial applications, presents significant opportunities for 1,2-Alkanediol as a key ingredient that meets both functional and environmental criteria. The trend toward multipurpose and more concentrated detergents also supports the increasing incorporation of 1,2-Alkanediol into these formulations.
In addition to the key applications mentioned above, 1,2-Alkanediol is used across various other industrial and consumer applications due to its unique properties. It finds use in the production of paints, coatings, adhesives, and sealants, where it enhances the formulation's viscosity and stability. Its solvent properties also make it an ideal candidate for use in various industrial processes such as the production of lubricants, hydraulic fluids, and as an additive in plasticizers. As a multifunctional ingredient, 1,2-Alkanediol is often employed in small quantities in diverse applications where its chemical characteristics, including water solubility and non-toxicity, provide significant advantages.The growing trend of innovation in product formulations and the increasing need for environmentally friendly, multifunctional additives across industries such as textiles, paints, and coatings are expected to drive further demand for 1,2-Alkanediol in these less common applications. The compound's ability to enhance the performance and sustainability of various industrial processes will continue to fuel its use across a broad range of sectors. As industries worldwide strive for more efficient and sustainable solutions, the role of 1,2-Alkanediol in diverse applications will become even more prominent.
The 1,2-Alkanediol market is witnessing several key trends that are shaping its growth. One of the most significant trends is the increasing demand for sustainable and eco-friendly ingredients across various sectors. This trend is particularly evident in industries like cosmetics, pharmaceuticals, and functional fluids, where consumers are actively seeking products with cleaner labels and lower environmental impact. As a bio-based and non-toxic compound, 1,2-Alkanediol is well-positioned to capitalize on this shift toward more sustainable alternatives. Another key trend is the growing demand for high-performance materials, particularly in industries like construction, automotive, and aerospace. As these sectors strive for lightweight, durable, and cost-effective solutions, the role of 1,2-Alkanediol in enhancing the performance of materials such as unsaturated polyester resins is becoming increasingly important. Additionally, the rise of electric vehicles (EVs) and renewable energy systems is expected to open up new opportunities for the use of 1,2-Alkanediol in functional fluids and related applications. As technological advancements continue to shape these industries, the 1,2-Alkanediol market is expected to benefit from these emerging trends.
The global shift toward sustainability and environmentally friendly products presents significant opportunities for the 1,2-Alkanediol market. Industries that are increasingly prioritizing green alternatives, such as cosmetics, food, and functional fluids, are likely to drive demand for non-toxic and biodegradable ingredients like 1,2-Alkanediol. Moreover, as the automotive and construction industries continue to expand and demand more durable and efficient materials, the market for 1,2-Alkanediol in unsaturated polyester resins is expected to grow. Further, the growing interest in health and wellness and the continued innovation in drug and food formulations are also driving the adoption of 1,2-Alkanediol in the pharmaceutical and food sectors. With its ability to improve product performance, extend shelf life, and meet consumer preferences for natural ingredients, 1,2-Alkanediol is well-positioned to capitalize on these trends. In conclusion, the opportunities in the 1,2-Alkanediol market are vast, driven by the compound's versatility, sustainability, and growing adoption across multiple industries.
What is 1,2-Alkanediol used for?
1,2-Alkanediol is used in applications such as unsaturated polyester resins, functional fluids, cosmetics, pharmaceuticals, and liquid detergents due to its stability and versatility.
Is 1,2-Alkanediol safe to use in cosmetics?
Yes, 1,2-Alkanediol is safe for use in cosmetics and personal care products, as it is non-toxic and provides moisturization without irritation.
What are the benefits of 1,2-Alkanediol in functional fluids?
1,2-Alkanediol enhances the thermal stability and corrosion resistance of functional fluids, making them more effective in extreme conditions.
How does 1
Top 1,2-Alkanediol Market Companies
Symrise
BASF
Evonik
Lanxess
Minasolve
Kokyu
Realsun Chemical
Jujing Chemical
Mitsubishi Chemical
Zhejiang Boadge Chemical
Wuxi Zhufeng Fine Chemical
B&B
JCLBIO
Dow
LyondellBasell
Indorama Ventures
ADM
INEOS
Repsol
SKC
Shell
Shandong Shida Shenghua Chemical Group
Dongying Hi-tech Spring Chemical Industrial
Shandong Daze Group
Shandong Depu Chem
Regional Analysis of 1,2-Alkanediol Market
North America (United States, Canada, and Mexico, etc.)
Asia-Pacific (China, India, Japan, South Korea, and Australia, etc.)
Europe (Germany, United Kingdom, France, Italy, and Spain, etc.)
Latin America (Brazil, Argentina, and Colombia, etc.)
Middle East & Africa (Saudi Arabia, UAE, South Africa, and Egypt, etc.)
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1,2-Alkanediol Market Insights Size And Forecast