1,3-Propanediol Market (PDO) by Production (Bio-based PDO, Petrochemical-based PDO), Distribution Channel (Offline, Online), Application - Global Forecast 2024-2030

1,3-Propanediol Market (PDO) by Production (Bio-based PDO, Petrochemical-based PDO), Distribution Channel (Offline, Online), Application - Global Forecast 2024-2030

The 1,3-Propanediol Market size was estimated at USD 789.17 million in 2023 and expected to reach USD 860.43 million in 2024, at a CAGR 10.98% to reach USD 1,636.74 million by 2030.

1,3-Propanediol (PDO) is a colorless, viscous organic compound that belongs to the diol family, which means it contains two hydroxyl groups (-OH) attached to different carbon atoms in its molecule. The chemical structure of 1,3-Propanediol is significant as it allows 1,3-Propanediol to be an important building block in synthesizing various polymers and products. 1,3-Propanediol is used to produce polytrimethylene terephthalate (PTT), a polyester type. PTT is valued in the textiles industry for its exceptional durability, elasticity, and staining resistance, making it a preferred material for clothing, carpets, and upholstery. The rising need for 1,3-propanediol in the cosmetic industry and the growing demand for sustainable and eco-friendly materials is propelling the growth of 1,3-propanediol. However, the complex bioproduction of 1,3-propanediol hinders their adoption. The ongoing R&D of 1,3-propanediol to find new applications and the strategic contracts for expanding the production capacity of 1,3-propanediol offer lucrative opportunities for the expansion of the 1,3-Propanediol market

Regional Insights

The PDO market in the Americas, particularly in the United States, is showcasing steady growth, driven by advancements in bio-based manufacturing processes and a strong focus on sustainability. Stringent environmental regulations and an increasing demand for eco-friendly products have increased interest in bio-based 1,3-Propanediol in the American region. North America showcases development in PDO applications, especially in cosmetics, personal care, and green polymers. Asia Pacific is showcasing rapid growth in the 1,3-propanediol market, primarily fueled by the booming industrial sectors in countries including China and India. The Asia-Pacific region has become a global manufacturing powerhouse, with significant investments in textiles, plastics, and automotive industries, all of which utilize PDO. The increasing consumer awareness towards sustainable and bio-based products, coupled with government initiatives promoting green chemicals, has further propelled the market growth in this region. Moreover, a large population base and rising disposable income increase demand for personal care products and eco-friendly materials, boosting the PDO market. A well-developed chemical industry and high environmental standards characterize the 1,3-propanediol market in the EMEA region. Europe has stringent regulations on chemical production and use, promoting the adoption of sustainable and bio-based chemicals such as PDO. The focus on reducing carbon footprint and the European Union’s commitment to green economy initiatives have significantly influenced the PDO market dynamics. In the Middle East and Africa, there are signs of growing interest in PDO, particularly owing to the diversification of the economy and increased investment in chemical and material sciences research.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the 1,3-Propanediol Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing need for 1,3-Propanediol in cosmetic industry
• Growing demand for sustainable and eco-friendly materials

Market Restraints

• Complex bioproduction of 1,3-Propanediol

Market Opportunities

• Ongoing R&D of 1,3-Propanediol to find new applications
• Strategic contracts for expanding production capacity of 1,3-Propanediol

Market Challenges

• Preference for alternative materials

Market Segmentation Analysis

• Production: Increasing preference for bio-based PDO owing to the demand for greener and sustainable products
• Application: Growing use of 1,3-Propanediol in the production of polytrimethylene terephthalate (PTT) to enhance the material's durability and elasticity

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the 1,3-Propanediol Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the 1,3-Propanediol Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Thermo Fisher Scientific to Inaugurate New Office, Marking Milestone Expansion in Indonesia

In an effort to bolster the scientific and technological landscape of Indonesia, Thermo Fisher Scientific inaugurated its first official office in Jakarta in April. This expansion reflects the company's commitment to advancing local capabilities in critical areas such as healthcare, clean energy, biopharma, and food safety. The opening marks a significant transition from a representative office to a more comprehensive workspace, aimed at fostering talent and scientific progress within the Indonesian community.

Nordmann and WeylChem Forge Partnership for Sustainable Polyol Distribution in the DACH Region

Nordmann has announced a new partnership with the WeylChem Group of Companies, focusing on the distribution and supply of Velvetol, a bio-based polymer produced by Allessa, a WeylChem member based in Frankfurt. This innovative collaboration aims at providing the DACH region with Velvetol polyols, derived from renewable maize feedstock, boasting a carbon footprint up to 50% lower than traditional petrochemicals.

Technip Energies Secures Contract for Revolutionary Petrochemical Plants in China

Technip Energies has been awarded a significant contract by Ningbo Juhua Chemical & Science Co., Ltd. to construct a 1,3-propanediol (PDO) plant, boasting a 72 kta capacity, alongside a 150 kta capacity polytrimethylene terephthalate (PTT) facility in Ningbo, Zhejiang Province, China. Utilizing Technip Energies’ cutting-edge Zimmer PDO and PTT technologies, this project marks the first commercial deployment of the Zimmer PDO technology, to bolster Juhua’s position in the new materials sector of the petrochemical industry.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the 1,3-Propanediol Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the 1,3-Propanediol Market, highlighting leading vendors and their innovative profiles. These include Archer Daniels Midland Company, Central Drug House (P) Ltd., Chongqing Kunlun Chemical Co., Ltd, Connect Chemicals, du Pont de Nemours and Company, Haihang Industry Co., Ltd., Hunan Rivers Bioengineering Co., Ltd., Merck KGaA, METabolic EXplorer, Otto Chemie Pvt. Ltd., Qingdao Fengchen Technology and Trade Co., Ltd., Salicylates And Chemicals Pvt. Ltd, Shanghai Jinjinle Industry Co., Ltd, Shell PLC, TCI Chemicals (India) Pvt. Ltd., Thermo Fisher Scientific, Inc, Tokyo Chemical Industry Co., Ltd., Zhangjiagang Glory Biomaterial Co., Ltd., and Zouping Mingxing Chemical Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the 1,3-Propanediol Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Production
• Bio-based PDO
• Petrochemical-based PDO
• Distribution Channel
• Offline
• Online
• Application
• Cosmetics & Personal Care
• Engine Coolant & Anti-Freeze
• Pharmaceuticals
• Polytrimethylene Terephthalate
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year