Europe 1,2-Alkanediol Market was valued at USD 0.7 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 7.4% from 2024 to 2030.
The 1,2-Alkanediol market has witnessed remarkable growth due to its increasing demand across various industries. This versatile compound, also known as ethylene glycol, plays a crucial role in several applications, particularly in the personal care, pharmaceutical, and industrial sectors. The continuous rise in its consumption reflects the growing need for high-performance chemicals in numerous products.
In the personal care industry, 1,2-Alkanediol is a key ingredient in cosmetics and skincare formulations. Its ability to function as a humectant helps retain moisture in skin products, making it a valuable addition to moisturizers, anti-aging creams, and lotions. The increasing consumer awareness regarding skin health has amplified the demand for such formulations, driving the 1,2-Alkanediol market forward.
Pharmaceutical applications also contribute significantly to the market's growth. 1,2-Alkanediol is used in various drug formulations, serving as a solvent and stabilizer for active ingredients. This enhances the bioavailability and stability of pharmaceutical products, ensuring higher efficacy. The demand for more advanced drug delivery systems further boosts the need for high-quality alkanediols in the market.
Furthermore, the industrial sector relies heavily on 1,2-Alkanediol in the production of plastics, resins, and antifreeze solutions. Its ability to reduce the freezing point and enhance the durability of materials makes it indispensable in these industries. The expansion of the automotive and construction industries globally increases the need for such products, thereby escalating the demand for 1,2-Alkanediol.
The requirement for high-purity 1,2-Alkanediol has grown as industries seek more efficient and environmentally friendly solutions. Companies are investing in advanced production technologies to meet this demand while ensuring minimal environmental impact. This trend highlights the ongoing innovation in the 1,2-Alkanediol market, as businesses strive to develop sustainable alternatives without compromising product quality.
In conclusion, the increasing need for 1,2-Alkanediol across multiple industries demonstrates its essential role in modern manufacturing processes. The growth of sectors such as cosmetics, pharmaceuticals, and industrial manufacturing ensures a robust and continually expanding market for this versatile compound.
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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 Europe 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
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe 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. Europe 1,2-Alkanediol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe 1,2-Alkanediol Market, By Type
6. Europe 1,2-Alkanediol Market, By Application
7. Europe 1,2-Alkanediol Market, By Geography
Europe
Germany
UK
France
8. Europe 1,2-Alkanediol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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