1,3-Propanediol (Pdo) Market Forecast and Trends Analysis Research Report 2020-2027

 

As per the GMI Research's latest analysis, Global 1,3-Propanediol Market reveals that the market is slated to register a higher CAGR over the forecast period. This is attributed to the growing utilization of resin application, the strong demand for PTT, and the rising demand for environment-friendly products.

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1,3-Propanediol Market’s leading Manufacturers:

·         Dupont Tate & Lyle Bio Products Company, LLC

·         Zhangjiagang Glory Biomaterial Co., Ltd.

·         Zouping Mingxing Chemical Co., Ltd.

·         Haihang Industry Co., Ltd.

·         Hunan Rivers Bioengineering Co., Ltd.

·         Merck KGgA

·         Tokyo Chemical Industry Co., Ltd.

·         Metabolic Explorer S.A.

·         Sheng Hong Group Holdings Ltd.

·         Zhangjiagang Huamei Biomaterial Co., Ltd

1,3-Propanediol Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)

Key Drivers

The rising utilization of resin application, the strong demand for PTT, and the rising demand for environment-friendly products are the key drivers propelling the growth of the global 1,3- Propanediol (Pdo) market. The rapid rise in demand for eco-friendly products has changed the policies of businesses. Presently, each business is emphasizing on delivering environment-friendly products to customers to fulfill their requirements. The strong demand is seen in the cosmetics sector wherein customers opt for environment-friendly and organic products for hairs and skin, which does not damage their skin or could not affect any skin disease in the long duration. The high demand for 1,3-Propanediol (Pdo) is largely adopted for the preparation of cosmetic products and personal care as it is manufactured by the fermentation process by utilizing corn sugar. Its excellent water drawing feature helps in providing moisture to the skin and hair. It facilitates easy absorption of other ingredients in the skin by diluting active cosmetic ingredients. Thereby, the strong demand for environment-friendly products is a factor stimulating the growth of the 1,3- Propanediol (Pdo) market around the world.

Application Segment Drivers

Based on application, the market is segmented into cosmetics, polytrimethylene terephthalate (PTT), personal care, polyurethane, cleaning products, and others. The polytrimethylene terephthalate (PTT) is projected to grow at a higher CAGR over the coming years due to the rapid advancement in PDO production technology as it is utilized in polytrimethylene terephthalate (PTT) polymer as it offers remarkable properties to PTT polymer. The growing use of PTT in films, carpets, non-woven fabrics, and monofilaments, which will further energize the segments' growth. On the other hand, personal care is expected to dominate the market due to the strong demand for environment-friendly or bio-based products.

Regional Drivers

Based on the region, the North America is anticipated to dominate the market due to the expansion in the carpet and textile sector. On the other hand, the Asia-Pacific is projected to rise at a higher CAGR over the forecast period due to the growing emphasis on the government to decrease dependency on fossil fuels.

1,3-Propanediol Market Segmentation:

Segmentation by Application:

·         Polytrimethylene Terephthalate (PTT)

·         Cosmetics

·         Personal Care

·         Cleaning Products

·         Polyurethane

·         Others

Segmentation by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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