1, 3-propanediol a class of specialty compounds is a colorless liquid, which is miscible in water. It is mainly used as a feedstock in the production of various chemicals and materials. It finds its applications in the production of polyurethane, polytrimethylene terephthalate (PTT), cosmetics & personal care, and household cleaners. It is also known for niche applications like engine coolants, de-icing fluid, and heat transfer fluid, among others.
Over the past few years, The 1, 3-Propanediol Market is growing rapidly, witnessing a massive demand across major end-use industries. Moreover, the growing demand for polytrimethylene terephthalate (PTT) is a key factor propelling the growth of the market. According to a leading research firm, Market Research Future (MRFR), the global 1, 3-Propanediol market is expected to garner significantly by 2030. MRFR also asserts that the market would register a CAGR over 9% throughout the forecast period (2022-2030).
Glycerol, a by-product of the biodiesel production process, is used as a prominent raw material in the production of 1, 3-propanediol. As a result, the growing production of biodiesel would positively impact the growth of the global 1, 3-propanediol market. The augmented demand from the burgeoning automotive & packaging industry drives the market growth predominantly.
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Major Players:
Players leading the 1, 3-Propanediol market include Metabolic Explorer SA (France), DuPont Tate & Lyle Bio Products Company, LLC (US), Zhangjiagang Glory Biomaterial Co. Ltd (China), Royal Dutch Shell (Netherland), Zouping Mingxing Chemical Co., Ltd (China), Shanghai Jinjinle Industry Co., Ltd (China), Zouping Mingxing Chemical Co.,Ltd (China), Chongqing Kunlun Chemical Co., Ltd (China), and Salicylates And Chemicals Pvt. Ltd (India), among others.
Furthermore, the fluctuating prices and demand-supply gap in the crude oil and the growing environmental regulations foster the growth of the market, driving investment in R&D activities for the production of bio-based 1, 3-propanediol. 1, 3-propanediol is an FDA certified a bio-based product that can be used in many applications, such as coatings, functional & de-icing fluid, cosmetic & personal care, home care, polymers, and fibers among others, which, in turn, push the market up.
Global 1, 3-Propanediol Market - Segments
The report segments the market into two key dynamics to widen the scope of understanding,
By Application : Polytrimethylene Terephthalate, Polyurethane, Cosmetics & Personal, Engine Coolants, Heat Transfer Fluid, De-icing Fluid, and Household, among others.
By Regions : Europe, North America, Asia Pacific, and the Rest-of-the-World.
Global 1, 3-Propanediol Market - Regional Analysis
North America would retain its leading position in the global 1, 3-Propanediol market throughout the forecast period. The growing demand for PTT from the growing end-use industries is fuelling the regional market growth. Moreover, the increasing inclination towards the use of bio-based products and the stringent environmental regulations that have increased the production of biodiesel is, in turn, surging the growth of regional 1, 3-propanediol market. Moreover, the growing demand for plastics in automotive, construction, packaging, industrial machinery, and aviation sectors fosters the regional market.
The 1, 3-Propanediol market in the Asia Pacific region stands second, globally, in terms of the size. The growing biodiesel production would contribute to market growth positively. The augmenting demand from the burgeoning industries in the region, such as cosmetics, personal care, and household care products, would boost market growth.
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Global Market for 1, 3-Propanediol - Competitive Analysis
Highly competitive, the 1, 3-Propanediol market appears to be fragmented. Many large and small players churn the market competition, gaining a competitive advantage. Further, they incorporate strategic initiatives, such as acquisition, collaboration, partnership, expansion, and technology launch, to sustain their market position.
Industry/Innovation/ Related News:
May 20, 2019 --- VIVOBAREFOOT (the UK), a leading global shoe company, launched the company's most innovative sustainable shoe and one of the world's first plant-based performance shoes - Primus Lite II Bio. Primus Bio uses vegan biopolymer, a natural bi-product of the field-corn food industry called 'Susterra Propanediol' or '1,3-propanediol', which is developed by DuPont Tate & Lyle Bio Products. Sorona®, a bio-based fiber also used in the shoe, is a trademark of EI du Pont de Nemours and Company.
VIVOBAREFOOT unveiled the highly anticipated unisex shoe on the heels of independent sustainability research, which highlighted eco-materials as a key factor in consumer purchasing decisions.
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The Global 1,3-Propanediol Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Leading Segment in this market:By Application – Polytrimethylene terephthalateBy Geography – North AmericaFinal Report will cover the impact of COVID-19 on this industry.Browse the complete Global 1,3-Propanediol Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/10295-1-3-propanediol-market-reportThe report also covers the complete competitive landscape of the global 1,3-Propanediol market with company profiles of key players such as:DuPont Tate & Lyle Bio ProductsMetabolic ExplorerZhangjiagang Glory Biomaterial Co. Ltd.Zouping Mingxing Chemical Co., Ltd.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Applications:Polytrimethylene terephthalatePolyurethanePersonal care & DetergentsOthers (Engine Coolants, Deicing Fluid & Heat Transfer Fluids)By Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Rest of the World (RoW)Download Free Sample Report of Global 1,3-Propanediol Market @ https://www.decisiondatabases.com/contact/download-sample-10295The Global 1,3-Propanediol Market has been exhibited in detail in the following chapters –Chapter 1 1,3-Propanediol Market PrefaceChapter 2 Executive SummaryChapter 3 1,3-Propanediol Industry AnalysisChapter 4 1,3-Propanediol Market Value Chain AnalysisChapter 5 1,3-Propanediol Market Analysis By ApplicationsChapter 6 1,3-Propanediol Market Analysis By GeographyChapter 7 Competitive Landscape Of 1,3-Propanediol CompaniesChapter 8 Company Profiles Of 1,3-Propanediol IndustryPurchase the complete Global 1,3-Propanediol Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-10295Other Reports by DecisionDatabases.com:Global 1,4-Butanediol Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global 1,3-Butanediol Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Polycarbonate Diols Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
The report titled “1, 3-Propanediol Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, published by Transparency Market Research, highlights the basic definition of this market supported with a detailed analysis of the 1, 3-propanediol market considering 2012 as the base year.
The report studies and forecasts the 1, 3-PDO market till 2019.Browse the full 1, 3-Propanediol Market For Polytrimethylene Terephthalate (PTT), Polyurethane, Personal Care & Detergents, Electrical & Electronics and Other Application: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at https://www.transparencymarketresearch.com/propanediol-market.htmlIn recent years, polytrimethylene terephthalate (PTT) has been the largest consumer segment of the PDO market.
PDO market in terms of volume in PTT application is expected to grow at the estimated CAGR of 16.3% from 2013 to 2019.The study report also covers the basics of using PDO to manufacture polyurethane.
In 2012, the personal care and detergents category held 8.2% of the overall PDO consumption.PTT is increasingly becoming popular in terms of adoption and implementation because of its unique properties of elastic recovery, resilience, inherent stain resistance, and ease in dyeing.
Globally, it is the most well-suited polymer used for manufacturing textile fibers and carpets.
The report states that majority of PDO that is produced is utilized in the manufacture of PTT.
