South Korea 1,2-Alkanediol Market was valued at USD 0.12 Billion in 2022 and is projected to reach USD 0.20 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The South Korea 1,2-Alkanediol market is witnessing robust growth, driven by increasing demand across various industries. As a versatile compound, 1,2-Alkanediol serves multiple functions, particularly in cosmetics, pharmaceuticals, and the manufacturing of polymers. Its properties, including its ability to act as a solvent and humectant, have made it indispensable in both consumer products and industrial applications.
The primary requirement for 1,2-Alkanediol across industries is its functionality in product formulations. In the cosmetic and personal care sectors, it is used in skincare, haircare, and makeup products for its moisturizing properties. The pharmaceutical industry also values 1,2-Alkanediol for its role in drug formulations, where it helps to stabilize active ingredients. Additionally, it is used in the production of polyesters and other polymers, which are crucial in the manufacturing of plastics and synthetic fibers.
Industries are particularly focused on the quality and sustainability of 1,2-Alkanediol. South Korean manufacturers are increasingly turning to bio-based alternatives to cater to the growing demand for environmentally friendly products. The increasing preference for bio-based chemicals reflects a global shift towards sustainability and responsible sourcing, which aligns with the region's growing eco-conscious consumer base.
Market players are also innovating by developing high-purity 1,2-Alkanediol products, responding to the high performance required by the pharmaceutical and cosmetic industries. These innovations ensure the compound’s functionality is preserved, offering better efficacy and safety in consumer products. Companies are investing heavily in research and development to produce 1,2-Alkanediol derivatives that enhance product performance, contributing to the overall expansion of the market.
The growth in South Korea’s 1,2-Alkanediol market is closely tied to the evolving needs of the manufacturing sector. As industries continuously look for alternatives to conventional chemicals, the demand for bio-based and sustainable solutions continues to rise, creating ample opportunities for producers and suppliers. As a result, South Korea’s position as a key player in the global 1,2-Alkanediol market remains strong, with promising prospects for the years ahead.
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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
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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 South Korea 1,2-Alkanediol Market
C2 - Ethylene Glycol
C3 - Propylene Glycol
C4 - Butylene Glycol
C5 - Pentylene Glycol
C6 - Hexylene Glycol
Cosmetics and Personal Care
Pharmaceuticals
Food and Beverage
Industrial Applications
Chemical Intermediates
Cosmetic Industry
Food Industry
Pharmaceutical Industry
Textile Industry
Papers and Paints
Liquid Formulations
Gel Formulations
Paste Formulations
Spray Formulations
Powder Formulations
Manufacturers
Retailers
End Consumers
Research and Development Institutions
Distributors and Wholesalers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea 1,2-Alkanediol 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. South Korea 1,2-Alkanediol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea 1,2-Alkanediol Market, By Type
6. South Korea 1,2-Alkanediol Market, By Application
7. South Korea 1,2-Alkanediol Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea 1,2-Alkanediol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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