The report “1,3-Propanediol (PDO) Market by Application (Polytrimethylene Terephthalate [PTT], Cosmetics, Personal Care & Cleaning Products, Polyurethane [PU]) and Region (Americas, APAC, Europe, Middle East & Africa [EMEA]) – Global Forecast to 2025”, The global 1,3-propanediol market size is projected to reach USD 691 million by 2025, at a CAGR of 11.4% from USD 402 million in 2020. Growing demand for bio-based products to lower greenhouse gas emissions and energy consumption and increasing use in resin applications is expected to drive the 1,3-propanediol market. Also, the growing demand for PTT in apparel and carpets is estimated to boost the growth of the 1,3-propanediol industry.
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• 148 Market data Tables
• 32 Figures
• 140 Pages and in-depth TOC on “1,3-Propanediol Market – Global Forecast to 2025″
Some of the prominent key players are:
- DuPont Tate & Lyle Bio Products Company, LLC (US)
- Zhangjiagang Glory Biomaterial Co., Ltd. (China)
- Zouping Mingxing Chemical Co., Ltd. (China)
- Haihang Industry Company Ltd. (China)
- Merck KGgA (Germany)
- Tokyo Chemical Industry Co., Ltd. (Japan)
- METabolic EXplorer (France)
- Sheng Hong Group Holdings Ltd. (China)
Opportunities: New Application Area of 1,3-PDO
The growing use of PDO as feedstock in various potential applications will drive the growth of the market. It will lead to an increase in the production and consumption of PDO. PDO has the potential to replace glycols such as propylene glycol, butylene glycol, and glycerin in applications such as cosmetics, personal care, and food & flavors.
Polytrimethylene terephthalate (PTT) application is the largest consumer of 1,3-propanediol.
Polytrimethylene terephthalate (PTT) is estimated to be the largest application of 1,3-propanediol during the forecast period. The demand for PTT is growing in apparel and textiles. The growth of the global textiles and apparel industries is expected to play an important role in augmenting the demand for PTT, which in turn, is expected to bolster the sales of 1,3-propanediol as it is the primary feedstock for PTT. The manufacture of bio-based PTT uses less energy and releases less greenhouse gas compared to nylon 6 and nylon 6.
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Americas is estimated to be the largest market for 1,3-propanediol during the forecast period.
The Americas is the largest 1,3-propanediol market and is expected to continue its dominance during the forecast period. The market is primarily driven by increasing production and consumption of 1,3-propanediol in PTT, cosmetics, personal care & cleaning products, and polyurethane applications. Also, the presence of DuPont Tate & Lyle Bio Products Company, LLC, the largest manufacturer of bio-based 1,3-propanediol in the region, is driving the market.
