Global 1,2-Pentanediol Market Analysis

Global 1,2-Pentanediol Market by Manufacturers, Countries, Type and Application, Forecast to 2022

1.1,2-pentanediol industry is concentrated relatively. Currently, there are several producing companies in the world 1,2-pentanediol industry. The main market players are BASF, Evonik, Symrise, Minasolve and Kokyu. The poduction of 1,2-pentanediol will increase to 5294 MT in 017 from 3687 MT in 2012 with average growth rate of 1.76%. Global 1,2-pentanediol capacity utilization rate remained at around 63.61% in 2016.
2.In consumption market, the global consumption value of 1,2-pentanediol increases with the 4.55% average growth rate. Europe and China are the mainly consumption regions due to the bigger demand of downstream applications. In 2016, these two regions occupied 58.49% of the global consumption volume in total.
3.1,2-pentanediol has two types, which include cosmetic grade and industrial grade. And each type has application industries relatively. With moisturizing and sterilizing effect of 1,2-pentanediol, the downstream application industries will need more 1,2-pentanediol products. So, 1,2-pentanediol has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce high purity and good performance 1,2-pentanediol through improving technology.
4.The major raw materials for 1,2-pentanediol are 1-pentene, formic acid and hydrogen peroxide, and other auxiliary chemicals. Fluctuations in the price of the upstream product will impact on the production cost of 1,2-pentanediol. The 1,2-pentanediol manufacturers are trying to reduce production cost by developing production method.
5.We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents decreasing according to the economy development status and international competition. Also, there is fluctuation in gross margin.