QYResearch: Global 1,2-pentanediol capacity utilization rate remained at around 63.59% in 2016

QYResearch

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 5292 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 63.59% in 2016.

According to QYResearch, 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 58.29% of the global consumption volume in total.

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.

QYResearch 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.

This article was first released by QYResearch analyst, if reproduced, please indicate the source.

Marketing: sales@qyresearch.com

Media Contact: press@qyresearch.com