Global 1,3 Propanediol Market By Type Application (Detergents, Polyurethane, Personal Care Products, Polytrimethylene Terephthalate (PTT), Others), End Users (Synthetic Drugs, Engineering Plastics, Textile Dyeing and Finishing), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global 1,3 Propanediol Market
Global 1,3-Propanediol (PDO) market is expected to rise to an estimated value of USD 1058.68 million by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rapid rise of bio-based product offerings from the various applicable end-users.
Market Definition: Global 1,3 Propanediol Market
1,3-Propanediol (PDO) is defined as an organic chemical compound that is utilized on a large-scale for a number of industrial production and research applications as it offers a number of benefits for its end-uses. This compound is produced organically from glycerol and its interactions with microorganisms in anaerobic conditions. It is chemically defined as CH₂(CH₂OH)₂, and is characteristically defined as being colorless liquid having complete mixing capability with water.
Market Drivers:
- High levels of uses and demands for PTT (Polytrimethylene Terephthalate); this factor is expected to drive the growth of the market
- Increasing levels of production for biodiesel will boost this market growth
- Growth of the application areas for polyester from the different industrial applications will also fuel the growth of this market
- Growing application areas of the product in resin production and associated applications; this factor is expected to propel this market growth
Market Restraints:
- Concerns regarding the presence of substitute products that are available at a lower cost; this factor is expected to hinder the growth of the market
- Lack of awareness amongst users regarding the availability of bio-friendly product solutions; this factor is expected to act as a restricting factor for this market growth
Segmentation: Global 1,3 Propanediol Market
By Type
- Bio- Based PDO
- Petrochemical-Based PDO
By Application
- Polyurethane
- Foams
- Elastomers
- Coatings and Paint
- Personal Care Products
- Polytrimethylene Terephthalate (PTT)
- Carpeting
- Apparel
By End Users
- Synthetic Drugs
- Engineering Plastics
- Textile Dyeing and Finishing
- Others
By Geography
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Turkey
- Belgium
- Netherlands
- Rest of Europe
- Asia-Pacific
- Japan
- China
- South Korea
- India
- Australia
- Singapore
- Malaysia
- Indonesia
- Thailand
- Philippines
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Egypt
- Saudi Arabia
- United Arab Emirates
- Israel
- Rest of Middle East and Africa
Key Developments in the Market:
- In October 2018, DuPont Tate & Lyle Bio Products announced the inauguration of their new warehouse and distribution center situated near their manufacturing facility in Tennessee, United States. This center will help in provision of better service capability to their customers and meet the global demands for bio-based product offerings
- In March 2018, DuPont Tate & Lyle Bio Products announced that they had initiated the expansion of their manufacturing facility located in Tennessee, United States to extend their production of 1,3-Propanediol (PDO) by 35 million pounds annually. The facility will be completed by mid-2019 and this expansion is evident of the strategy of the company to enhance their operations while meeting the global demands of bio-based products from customers
Competitive Analysis: Global 1,3 Propanediol Market
Global 1,3-Propanediol (PDO) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of 1,3-Propanediol (PDO) market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors: Global 1,3 Propanediol Market
Few of the major competitors currently working in the global 1,3-Propanediol (PDO) market are DuPont Tate & Lyle Bio Products; Zouping Mingxing Chemical Co. Ltd.; Merck KGaA; Alfa Aesar, Thermo Fisher Scientific; Connect Chemicals; MakingCosmetics Inc.; trc-canada.com; Tokyo Chemical Industry Co., Ltd.; Metabolic Explorer among others.
Research Methodology: Global 1,3 Propanediol Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry. The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
SKU-
