Global 1,3-Propanediol Market 2024

Global 1,3-Propanediol Market 2024

1,3-Propanediol, also known as PDO, is a colorless, odorless liquid with the chemical formula C3H8O2. One of the primary applications of 1,3-propanediol is in the production of polymers such as polytrimethylene terephthalate (PTT). PTT is a biodegradable polyester used in fibers, textiles, and packaging materials. 1,3-Propanediol serves as a monomer in the polymerization process, contributing to the formation of PTT's molecular structure.

According to the latest estimates, the global 1,3-propanediol market is set to achieve an incremental growth of USD 0.9 billion, accelerating at a CAGR of almost 7.3% during the forecast period 2024-2030. The increasing awareness of environmental sustainability and the shift towards bio-based materials drive demand for bio-based chemicals like PDO. As consumers and industries seek alternatives to petroleum-derived products, bio-based PDO offers a renewable and environmentally friendly option, thereby driving market growth. It serves as a key building block in the production of biopolymers such as PTT and polyurethanes. The growing demand for sustainable packaging materials, textiles, and automotive components, coupled with advancements in biopolymer technology, fuels the demand for PDO as a raw material, thus driving market growth.

This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the process, application, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.

The global 1,3-propanediol market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.

The global market for 1,3-propanediol can be segmented by process: synthetic PDO, bio-based PDO.

1,3-propanediol market is further segmented by application: personal care, polytrimethylene terephthalate (PTT), polyurethane, others.

Based on region, the 1,3-propanediol market is segmented into: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America.

The market research report covers the analysis of key stake holders of the global 1,3-propanediol market. Some of the leading players profiled in the report include Anhui Huaheng Biotechnology Co., Ltd., Guangdong Tsinghua Smart Biotech Co., Ltd., Guangzhou Guohong New Material Co., Ltd. (Jiutai Energy Zhangjiagang Co., Ltd.), Henan Tianguan Enterprise Group Co., Ltd., METEX NOOVISTA SAS, Ningbo Juhua Chemical Technology Co., Ltd., Primient Covation LLC, Zhangjiagang Meijingrong Chemistry Industry Co., Ltd., Zouping Mingxing Chemical Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Recent Developments

• December 3, 2019 - French biotech firm METEX NØØVISTA teams up with global leader DSM to promote eco-friendly chemical 1,3-propanediol (PDO). The partnership aims to leverage METEX NØØVISTA's tech and DSM's market influence for wider PDO applications. 1,3-Propanediol finds use in polymers, polyesters, lubricants, and antifreeze.
• May 31, 2022 - Huafon Group closed its acquisition of certain biomaterial business and technologies of DuPont, which transaction was first announced in October 2020. Zhejiang Huafon Group is a large-scale privately-owned enterprise mainly focusing on new chemical materials business, also engaging in finance, new energy, port logistics, processing trade and other businesses.

Market Segments Covered in Global 1,3-Propanediol Industry Analysis:

i.) Process

• Synthetic PDO
• Bio-based PDO
• Glycerol fermentation
• Sugar fermentation

ii.) Application

• Personal care
• Polytrimethylene terephthalate (PTT)
• Polyurethane
• Others

iii.) Region

• Asia-Pacific
• Europe
• North America
• Middle East and Africa (MEA)
• South America