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3-Hydroxypropionic Acid Market Evolution: Industry Trends, Applications, and Growth Strategies
The global 3-hydroxypropionic acid market size is anticipated to reach USD 1.34 billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly attributed to increasing application of 3- HPA in the production of acrylic acid which is further used in the manufacturing process of a wide range of products such as plastics, fibers, paints, and super-absorbent diapers. It is also used in the production of coatings, widely used in the global automotive industry.
3-Hydroxypropionic Acid Market Report Highlights
Petrochemical based products dominated the market with a revenue share of 82.3% in 2023 owing to reduce the cost of production of 3-HPA using petrochemical source and its easy availability in the market.
Liquid from of the product dominated the market with a revenue share of 65.5% in 2023. The liquid form of 3-HPA is a colorless, odorless, and transparent organic acid. It is soluble in water, ethanol, and ether. It is also used in the food & beverage industry as an acidulant and flavor enhancer.
Acrylic acid production application dominated the market with a revenue share of 82.5% in 2023. 3-Hydroxypropionic acid (3HPA) is a key intermediate in the production of acrylic acid. The synthesis of acrylic acid is achieved through the process known as microbial fermentation
Asia Pacific dominated the market segment with a revenue share of 39.7% in 2023 owing to the rising construction activities and increasing demand from the automotive sector in emerging countries, such as India, South Korea, Japan, Indonesia, and the Philippines, which are expected to drive the market over the forecast period.
For More Details or Sample Copy please visit link @: 3-Hydroxypropionic Acid Market Report
The Environmental, Social, and Governance (ESG) aspects of 3-hydroxypropionic acid (3-HP) focus on its potential as a green and sustainable platform chemical. This compound plays a crucial role as part of carbon-neutralization and green chemistry initiatives, in accordance with ESG values, by offering eco-friendly production using microbial pathways.
Furthermore, the biological production of 3-HP from various sources, such as sugars and glycerol, highlights its versatility and eco-friendly nature, further enhancing its ESG profile. 3-hydroxypropionic acid is a valuable platform chemical that aligns with ESG attributes and good practices in the chemical industry, promoting environmental sustainability and social responsibility.
The production of 3-hydroxypropionic acid is influenced by several factors including the production method, market demand, and supply chain. The chemical synthesis method, which is complex and expensive, contributes to the high cost of 3-hydroxypropionic acid. Bio-based production methods utilizing renewable resources like glycerol or 1,3- propanediol are more cost effective and sustainable.
The production of 3-Hydroxypropionic acid is a complex and expensive process that requires significant energy and resources. The cost of raw materials, such as glycerol, is also increasing globally. Moreover, the cost of producing 3-Hydroxypropionic acid using Coenzyme B12 via the glycerol pathway in E. coli is high because Coenzyme B12 is expensive. In order to produce 3-Hydroxypropionic acid through the glycerol pathway in E. coli, manufacturers must introduce a foreign glycerol dehydratase (GDHt) and add Coenzyme B12 externally. This increases the production cost, which affects the overall economics of the production process.
A significant challenge for industrial-scale production of 3-HP from sugar is the inferior performance of fermentation microbes, which leads to diluted product streams and high separation costs. Few bio-based methods involving lactic acid, yeast, yeast-based ethanol, bacteria-based lactic acid, and coli-based propanediol can compete with petrol-based processes, resulting in higher production costs.
List of Major Companies in the 3-Hydroxypropionic Acid Market
Zhengzhou Alfa Chemical Co., Ltd.
Fluoropharm Co., Ltd.
LG Chem
Thermo Fisher Scientific Inc.
Beijing PhaBuilder Biotechnology Co., Ltd.
Cargill, Incorporated
Tokyo Chemical Industry Co., Ltd. (TCI)
#3HydroxypropionicAcid#ChemicalMarket#BioBasedChemicals#SustainableChemistry#GreenChemicals#IndustrialBiotechnology#ChemicalIndustry#Biochemical#MarketTrends#InnovationInChemicals#RenewableChemicals#ChemicalResearch#SpecialtyChemicals#ChemicalManufacturing#SustainableMaterials
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2-Methyl-1 3-Propanediol Market 2021: Future Demand, Market Analysis
2-Methyl-2-propyl-1,3-propanediol (MPP) is a simple alkyl diol which has sedative, anticonvulsant and muscle relaxant effects. It is both a synthetic precursor to, and an active metabolite of the tranquilizers meprobamate and carisoprodol, as well as other derivatives. Methyl-propane-diol, also known as MPD, is an organic compound with the chemical formula CH₃OCH₂CH(OH)CH₃. It is a clear, colorless liquid with a faint odor. MPD is miscible with water and soluble in most organic solvents. MPD is produced by the hydrogenation of propionaldehyde. It is used as a building block for the production of polyurethanes, resins, and plasticizers. MPD can also be used as an antifreeze, coolant, and heat-transfer fluid.
2-Methyl-1 3-Propanediol Market report covers the detailed analysis on current and upcoming market trends, company market shares, market projections, competitive benchmarking, competition mapping, and in-depth research of the most significant sustainability strategies and their impact on industry growth and competition. The research was conducted using a combination of primary and secondary data, as well as input from leading industry players.
GET MORE INFO@: https://introspectivemarketresearch.com/reports/2-methyl-1--3-propanediol-market-research-report-2020-market/
The key players covered in the 2-Methyl-1 3-Propanediol market report are:
• LyondellBasell
• DAIREN Chemical Corp
Market has segmented the global 2-Methyl-1 3-Propanediol market on the basis of type, application, and region:
By Type:
· Assay (on a dry basis)
· Water
· Color
· Carbonyl (as -CHO)
· Iron
By Application:
· Unsaturated Polyester Resins
· Coating
· Modified PET
· Personal Care
· Other
By Regional Outlook (Revenue, USD Billion, 2017 – 2028)
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
· Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of South America)
Covid-19 Impact Is Covered in This Report:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, 2-Methyl-1 3-Propanediol Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
The research provides an up-to-date analysis of the current market scenario, as well as the current developments and drivers, and the market landscape. Furthermore, the growing demand for 2-Methyl-1 3-Propanediol is expected to propel the industry forward. The 2-Methyl-1 3-Propanediol market analysis is segmented into type, application, and geographic landscape.
Also, the 2-Methyl-1 3-Propanediol market analysis report includes information on upcoming technology trends, restraints, threats, challenges and opportunities that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities. The report contains a comprehensive market and competitive landscape in addition to an analysis of the key vendors.
Report covered the major key points:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 7years, along with 5 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
Reasons to Purchase the 2-Methyl-1,3-Propanediol Market Report:
· The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
· Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
· Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
· The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
· Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
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1,3 Propanediol (PDO) Market Segmented On The Basis Of Application ,Region And Forecast 2022 : Grand View Research Inc.
1,3 Propanediol (PDO) Market Segmented On The Basis Of Application ,Region And Forecast 2022 : Grand View Research Inc.
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San Francisco, 5 December 2019: The Report 1,3 Propanediol (PDO) Market Size, Share & Trends Analysis Report By Application (Polytrimethylene Terephthalate (PTT), Polyurethane, Personal Care & Detergents) And Segment Forecasts To 2022
The Global 1,3 Propanediol (PDO) Market is expected to reach USD 776.3 million by 2022, according to a new study by Grand View Research, Inc. Growing…
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#1#3 Propanediol (PDO) Industry#3 Propanediol (PDO) Market#3 Propanediol (PDO) Market 2022#3 Propanediol (PDO) Market Revenue#3 Propanediol (PDO) Market Share#3 Propanediol (PDO) Market Size
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Review of HERA’s UV MIST CUSHION ULTRA MOISTURE SPF34/PA++ in #23 Beige
HERA is a Korean luxury beauty brand that defines and creates new trends and beauty standards to share with the world. Their UV MIST Cushion in Ultra Moisture is enriched with a deeply moisturizing essence that deeply nourishes the skin for plump, smooth skin. This cushion comes in 6 shades including this one, #23 Beige. Key ingredients include: sodium hyaluronate (anti-aging, anti-wrinkle, hydrating, moisturizing, healing, reduces flaking of makeup, thicken the water content of the makeup), sea silt extract (improves skin's elasticity, activates skin's protective functions, gives a radiant and luminous complexion, nourishing, moisturizing, strengthens skin's barrier, hydrating), tocopherol (vitamin E; moisturizing, antioxidant, nourishing), to the cells, moisturizing), hydrolyzed collagen (anti-aging, anti-wrinkle, aids in collagen-production) and ubiquinone (protects against damage from UV rays, increases collagen production, reduces fine lines, anti-wrinkle, increases skin’s firmness) and caffeine (antioxidant, anti-aging, reduces redness, anti-wrinkle, anti-inflammatory). This product + 15 refill retails between $20-50 USD, you can get it here for $38.90 + free shipping.
Ingredients
Sea Silt Extract, Cyclopentasilxane, Ethylhexyl Methoxycinnamate, Hydrated Ferric Oxide (CI 77492), Niacinamide, Zinc Oxide, Synthetic Fluorphlogopite, Phenoxyethanol, Disteardimonium Hectorite, Titanium Dioxide, Glycerin, Camellia Japonica Seed Oil, Silica, Achillea Millefolium (Yarrow) Extract, Sodium Chloride, Sodium Hyaluronate, Polysorbate 80, Isostearic Acid, Sorbitan Isostearate, Sorbic Acid, Ricinus Communis (Castor) Seed Oil, Titanium Dioxide (CI 77891), Butylene Glycol, Water, Phenyl Trimethicone, Cyclohexasiloxane, Butylene Glycol Dicaprylate/Dicaprate, Mannan, Lauryl PEG-9 Polydimethylsiloxyethyl Dimethicone, Polypropylsilsesquioxane, Stearic Acid, Silica Dimethyl Silylate, Ascorbic Acid, Ceratonia Siliqua (Carob) Fruit Extract, Ethylhexyl Palmitate, Zinc DNA, Copper Tripeptide-1, Pentylene Glycol, Calcium Pantetheine Sulfonate, Cholesteryl Hexyl Dicarbamate Pullulan, Tocopherol, Aluminum Hydroxide, Alcohol, Ubiquinone, Isopropyl Palmitate, Xanthan Gum, Carbomer, Methoxy PEG-114/Polyepsilon Caprolactone, Beta-Carotene, Beeswax, Acrylates/Ammonium Methacrylate Copolymer, Red Iron Oxide (CI 77491), Black Iron Oxide (CI 77499), Acrylates/Ethylhexyl Acrylate/Dimethicone Methacrylate Copolymer, Dimethicone/PEG-10/15 Crosspolymer, Disodium EDTA, DNA, Lauroyl Lysine, Lecithin, Portulaca Oleracea Extract, Copernicia Cerifera (Carnauba) Wax, Theobroma Cacao (Cocoa) Extract, Methyl Methacrylate Crosspolymer, Caffeine, Caprylyl Glycol, Ammonium Acryloyldimethyltaurate/VP Copolymer, Helianthus Annus (Sunflower) Seed Oil, HDI/Trimethylol Hexyllactone Crosspolymer, Ethylhexylglycerin, Tocopheryl Acetate, Triethoxycaprylylsilane, Propanediol, Polyglutamic Acid, Polyglyceryl-3 Polyricinoleate, Polyacrylic Acid, Polyhydroxystearic Acid, PEG-60 Hydrogenated Castor Oil, Hydrogenated Lecithin, Hydrogenated Castor Oil, Hydrolyzed Millet, Fragrance
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It comes in a sleek but plastic container and contains 15 grams (0.53 oz). It has the typical BB cushion scent, like the products ingredients mixed together.
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The product comes with a refill (not pictured) that contains another puff. So you receive two puffs. The packaging itself has a magnetic lid and very pretty contemporary purple packaging.
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I find in this cushion that the coverage is more medium when using the puff. (Lipstick is Gerard Cosmetics Hydratmatte Liquid Lipstick in Immortal).
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If I apply it using a damp beauty sponge, the coverage is much more light to medium and it really looks like skin. I prefer this as it just makes my skin look better than it is.
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There is some flashback in this BB cushion keep that in mind.
Recommended use is to dispense an appropriate amount and spread evenly over the skin. Use at the foundation step of your makeup routine after finishing skincare in the morning. This cushion has whitening/sunscreen/wrinkle correction functions. After using, so I've heard good things about HERA products and was excited to finally invest in one. I have dry to very dry skin and am always looking for BB cushions that are dewy with a natural finish. The UV MIST CUSHION ULTRA MOISTURE is hydrating and soothing on the skin, the coverage can go from light to medium to medium depending on if you use the puff or a beauty sponge. The finish when you use the puff is medium coverage and is pretty dewy. For longevity's sake, it should be set with powder (though I don't typically set my BB cushions) so it felt heavy but looked nice for a short time. I actually prefer to use a beauty sponge (I use the Real Techniques sponge btw) as the finish is really natural and you can see my freckles and imperfections which I very much like. After applying with the sponge the product stays pretty well for about 8 hours and then it does start to break down around the mouth/chin area. This might be fixed by using a very sticky primer possibly or setting the cushion with a good setting powder. I do find this color #23 Beige to be a little too light right now and I'd like to try the shade darker for the summer but otherwise, it's a pretty good fit. My skin fits MAC's NC25 pretty well so this would be good unless you're planning to get a little more tan. But I should note, this does have some flashback if you’re planning to do photography. After removing this cushion it really leaves the skin hydrated as it's got really great ingredients. I'd recommend this to people with dry skin, people who prefer a dewy finish, and possibly to people with sensitive skin.
What I like: the coverage is perfect and lightweight and the color really suits me pretty well. The product is very hydrating and moisturizing and has a beautiful finish. It can be built from light to medium coverage and another thing to mention is the packaging is pretty, I like the magnetic lid in particular. The ingredients are really nice and this is an all-around good product for dry skin. I actually also think it would work for sensitive skin. What I don't like: doesn't have the longest wear time and starts to break up around the chin/mouth area. If you don't prefer to set your makeup that's something to keep in mind.
Pros:
Moisturizing
Hydrating
Beautiful finish
Light to medium coverage
Looks very skin-like
Nice ingredients
Leaves skin so soft after washing it off
Nice quality
Great packaging
Cons:
Starts to break up around chin/mouth area after a while
Would I buy again?
I think so
Rating: 8.5/10
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Wet n wild photo focus concealer
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#WET N WILD PHOTO FOCUS CONCEALER MAC#
My other concealers are Maybelline Instant Age Rewind in Fair, and Tarte Rainforest Of The Sea in Fair. įor reference I use Wet n Wild Photo Focus foundation in Porcelain, and use the shade Light Ivory for the concealer. Water/Aqua, Cyclopentasiloxane, Glycerin, Propylene Glycol, Hydrogenated Polyisobutene, Mica, Polymethyl Methacrylate, Dimethicone, Cetyl PEG/PPG-10/1 Dimethicone, Polyglyceryl-4 Isostearate, Hexyl Laurate, Sorbitan Sesquioleate, Dimethicone Crosspolymer, Silica, PEG-10 Dimethicone, Disteardimonium Hectorite, Dicaprylyl Carbonate, Phenoxyethanol, Isostearic Acid, Ethylene/Propylene/Styrene Copolymer, Caprylyl Glycol, Dimethicone/Vinyl Dimethicone Crosspolymer, Propylene Carbonate, Hexylene Glycol, Ethylhexylglycerin, Ammonium Acryloyldimethyltaurate/VP Copolymer, Sodium Dehydroacetate, Alumina, Triethoxycaprylylsilane, Tocopheryl Acetate, Propanediol, Dimethiconol, Butylene/Ethylene/Styrene Copolymer, Caprylhydroxamic Acid, Chamomilla Recutita (Matricaria) Flower Extract, Sodium Benzoate, Potassium Sorbate. *Based on clinical consumer perception studies consisting of 50 female subjects between the ages of 18-30 Ingredients Tested to be white cast-free under seven different photo lighting conditions*. High coverage concealer allows only your best features to get noticed. Let’s connect! Leave your blog link along with comments and I’ll visit it for sure.Let your natural beauty shine with our selfie-tested creamy and luminous concealer. Until next time, stay beautiful & keep smiling!įacebook | Twitter | Instagram | Google+ | Bloglovin’ Show some love to my blog lovelies by liking, sharing and commenting your views/thoughts. I hope you liked my post and if you did, do hit the follow button. Smiley points to Wet N Wild for being cruelty-free! And specifically, it is not good just because it is affordable, it is good because it does its job perfectly. Wet N Wild photofocus concealer will suit those having mild to moderate dark circles, those looking for a natural finish and moisturizing properties from a concealer. I prefer Lakme 9 to 5 primer+matte powder foundation for setting my under eyes. Because if the powder is not finely milled, it is again going to crease your under eyes. Also, set it with a very finely milled powder (with/without pigment). I’ve tried sweeping the wand across the entire under eye (was mimicking few youtubers) which made my concealer crease badly due to excess product. unless required, just make some dots and blend it in for a natural look. Tip: When it comes to concealers, less is more. I never layer my concealers because firstly, I don’t need to as I have mild darkness and secondly, if I did then they crease heavily (I have fine lines which give the appearance of concealer creasing). There is a restricted gap in the tube which removes all excess product and only desired amount remains on the wand.
#WET N WILD PHOTO FOCUS CONCEALER MAC#
I am in love with this concealer, to an extent that I haven’t touched my MAC concealer after getting this! I wear it every single day to my office and I love how it brightens up my under eyes. My verdict on Wet N Wild photofocus concealer: I blot my face 2-3 times a day (perks of being an oily skinned person) and sometimes apply a fresh layer of powder under my eyes, but that is not always. I set it with a finely milled powder after application and then it stays put. The concealer stays pretty much the entire day (office hours ~ 9.30 to 7.30). Also, due to the yellow undertone, it not only covers dark circles but also brightens the undereyes. It wouldn’t (entirely) cover intense dark circles but will definitely hide the moderate ones. Pigmentation & staying power: I would say the Wet N Wild photofocus concealer gives medium coverage, more towards a natural finish. I usually blend it with a smaller stippling brush. It feels more like a tinted moisturizing cream as it glides on smoothly and blends beautifully under the eyes. Texture: The concealer is neither too thick nor thin. This shade has a yellow undertone which also brightens up the undereye area. This will suit people with medium complexions and have light to moderate dark circles. Shades: There are 5 shades available out of which I got Medium Tawny. This is by far one of the cheapest (and good) concealers I’ve ever come across!Īvailability: Wet N Wild products are Nykaa exclusive, as of now. Let’s find out whether this concealer is worth a try? Now, this has become a staple in my daily routine. Hence when Wet N Wild photofocus concealer was launched on Nykaa, I picked one immediately. I had just one concealer (MAC moisture select) and was looking for an option for everyday use. Dark circles take a very long time to fade, hence the easiest way to combat them is using a concealer.
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2-Methyl-1 3-Propanediol Market Development and Trends
According to this latest study, the growth in the 2-Methyl-1 3-Propanediol market will change significantly from the previous year. Over the next five years, 2-Methyl-1 3-Propanediol will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028.
The global 2-Methyl-1 3-Propanediol market provides qualitative and quantitative information on growth rate, market segmentation, market size, future trends and regional prospects. The research study represents a modern perspective aimed at securing the future potential of the 2-Methyl-1 3-Propanediol market. This report analyses and evaluates the latest prospects for the new retail space, as well as the general and future market performance of Covid-19. In addition, this report provides a detailed overview of competition between some industries and others.
Report Coverage
The report offers a comprehensive perspective of the market size, share, revenue and volume. It has also delved into Porters’ Five Force Analysis SWOT analysis. Quantitative and qualitative assessments have been used to provide a holistic view of the market. The primary interviews validate assumptions, findings and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers and journals.
Key Prominent Players in the 2-Methyl-1 3-Propanediol Market:
LyondellBasell, DAIREN Chemical Corp
Get a sample PDF of the report at: https://www.introspectivemarketresearch.com/request/5932
Market segmentation
The Global 2-Methyl-1 3-Propanediol Market is segmented on the basis of its type, application, and regional demand. Detailed segmentation of the 2-Methyl-1 3-Propanediol market, based on type and application and a descriptive structure of trends of the segments and sub-segments are elaborated in the report. It also provides the market size and estimates a forecast from the year 2022 to 2028 with respect to major regions
2-Methyl-1 3-Propanediol Market Segment by Types, Estimates, and Forecast by 2028
Assay (on a dry basis), Water, Color, Carbonyl (as -CHO), Iron
2-Methyl-1 3-Propanediol Market Segment by Applications, Estimates, and Forecast by 2028
Unsaturated Polyester Resins, Coating, Modified PET, Personal Care
Regional Analysis for COVID-19 Outbreak-Global 2-Methyl-1 3-Propanediol Market:
APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
North America (U.S., Canada, and Mexico)
South America (Brazil, Chile, Argentina, Rest of South America
MEA (Saudi Arabia, UAE, South Africa)
To Understand How COVID-19 Impact is Covered in This Report. Get Sample copy of the report at
https://www.introspectivemarketresearch.com/inquiry/5932
Overall, this report covers the historical situation, current position, and the upcoming future prospects of the global 2-Methyl-1 3-Propanediol market during the forecasted period. This 2-Methyl-1 3-Propanediol Report Provides an excellent market outlook in terms of product trends, marketing strategy, future products, new geographical markets, future events, sales strategies, customer actions or behaviours. This market research study presents actionable market insights with which environmental and profitable business approaches can be created. Studying and analysing the impact of Coronavirus COVID-19 on the 2-Methyl-1 3-Propanediol industry, the report gives an in-depth analysis and expert suggestions on how to face the post COIVD-19 period.
This report offers information about the 2-Methyl-1 3-Propanediol market and covering company profiles, patterns, industry dynamics, and market share. The report also throws light on a set of constantly changing market situations as well as future evaluations of various factors that totally affect the market.
Studying and analysing the impact of Coronavirus COVID-19 on the 2-Methyl-1 3-Propanediol industry, the report provides in-depth analysis and professional advices on how to face the post COIVD-19 period.
#2-Methyl-1 3-Propanediol market SIZE#2-Methyl-1 3-Propanediol market forecast#2-Methyl-1 3-Propanediol market analysis#2-Methyl-1 3-Propanediol industry#2-Methyl-1 3-Propanediol industry size#2-Methyl-1 3-Propanediol
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1,3-Propanediol Market Segment: Research, Size, Share, Trends, Demand, Key Player profile and Regional Outlook by 2027
1,3-Propanediol Market Segment: Research, Size, Share, Trends, Demand, Key Player profile and Regional Outlook by 2027
The growing demand for 1, 3-propanediol from various applications is expected to drive the growth of the market during the review period. The major applications of 1, 3-propanediol are polytrimethylene terephthalate, polyurethane, cosmetics & personal care, household, engine coolants among others. The growing development of cosmetic & personal care industry across the globe is expected to boost…
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1,3-Propanediol Industry: Regional Outlook, Size, Share, Trends, Demand and Key Player profile by 2027
The growing demand for 1, 3-propanediol from various applications is expected to drive the growth of the market during the review period. The major applications of 1, 3-propanediol are polytrimethylene terephthalate, polyurethane, cosmetics & personal care, household, engine coolants among others. The growing development of cosmetic & personal care industry across the globe is expected to boost the market during the forecast years. Moreover, the growing investment in research and development activities for the production of bio-based 1,3 propanediol is anticipated to be a major opportunity in the market.
Access Report Details @ https://www.marketresearchfuture.com/reports/1-3-propanediol-market-5722
Market Segmentation
The global 13 propanediol market is segmented into application and region.
On the basis of application, the global market of 1, 3-propanediol can be further segmented into polytrimethylene terephthalate, polyurethane, cosmetic & personal care, household, engine coolants, heat transfer fluid, de-icing fluid and others. On the basis of region, the global 1, 3-propanediol market is bifurcated into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa.
Market Scenario
Among the various applications of the 1, 3-propanediol, the polytrimethylene terephthalate segment was anticipated to be the dominant segment in 2016 and is expected to show the same trend during the forecast years. The polyurethane segment is expected to witness the highest growth with a CAGR of over 4.5% during the assessed period. The growing demand for polytrimethylene terephthalate across various applications such as cosmetic & personal care, engine coolants, and de-icing fluid among other is substantially contributing to the growth of the segment.
The global 1, 3-propanediolmarket is spanned across five key regions: Europe, Asia Pacific, North America Latin America, and the Middle East & Africa. Among these, Asia Pacific is the fastest growing market during the forecast period. The growing population has increased the demand for cosmetics & personal care and household products, in turn, adding to the demand for 1,3 propanediol market. North America followed by Europe is anticipated to be the largest markets during the given period. The developed automobile, cosmetic & personal care industry along with the growing shift towards biodiesel is positively contributing to the growth of the market.
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Competitive Analysis
DuPont Tate & Lyle Bio Products Company, LLC (U.S.), Metabolic Explorer SA (France) Zhangjiagang Glory Biomaterial Co. Ltd (China) and Zouping Mingxing Chemical Co., Ltd (China), Royal Dutch Shell (Netherland), Shanghai Jinjinle Industry Co., Ltd (China), Zouping Mingxing Chemical Co.,Ltd (China), Salicylates And Chemicals Pvt. Ltd (India), and Chongqing Kunlun Chemical Co., Ltd (China) among others.
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