The global 1,2-pentanediol market is anticipated to grow at a moderate CAGR of 4.5% during the forecast period (2024–2031). The market growth is attributed to the expanding use of 1,2-pentanediol in agrochemicals and the increasing demand for pesticides globally. It is used as a pesticide intermediate for the synthesis of different pesticides, which help control pests and protect crops. According to Crop Care Foundation of India (CCFI), agrochemicals export from India reached a new peak of $5.4 billion for the financial year 2022-23, up from $4.9 billion in FY 2021-22. India’s agrochemicals export has doubled in the last 6 years from $2.6 billion in 2017-18 to $5.4 billion according to the data recently released by the Ministry of Commerce. It has grown at an impressive CAGR of 13.0%, which is among the highest in the manufacturing sector.
Browse the full report description of “1,2-Pentanediol Market Size, Share & Trends Analysis Report by Type (Bio-Based, and Petro-Based). by Grade (Industrial Grade, and Cosmetic Grade). and by Application (Pesticide Intermediates, Cosmetics, and Others). Forecast Period (2024-2031).” at https://www.omrglobal.com/industry-reports/1-2-pentanediol-market
Moreover, the rising population, food security, and increasing crop demand havebenefited the pesticideindustry. The pesticideindustry is playing a pivotal role in meeting future demand for food and reducing the current disparity of food security and demand. According to the Food and Agriculture Organization (FAO) of the United Nations, Indian agriculture accounted for 18.0% of the economy’s output and 41.0% of its workforce. It is the second biggest producer of fruits and vegetables in the world. However, 189 million Indians are still undernourished, the largest number of hungry people in any single country. An estimated 14.0% of the population of India istoo malnourished to lead a normal life.
Market Coverage
• The market number available for 2023-2031
• Base year: 2023
• Forecast period: 2024-2031
• Segment Covered-
o By Grade
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive landscape include BASF SE, UBE Corp., Shandong Yuanli Science and Technology Co., Ltd., Ltd., Zhejiang Boadge Chemical Co. Ltd., and Hefei tnj chemical industry Co., Ltd.
Key questions addressed by the report
Global 1,2-Pentanediol Market Report Segment
By Grade
By Application
Global 1,2-Pentanediol Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
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