Global Bio-Based 1,3-Propanediol Market Growth 2023-2029

Global Bio-Based 1,3-Propanediol Market Growth 2023-2029

The global Bio-Based 1,3-Propanediol market size is projected to grow from US$ 472.4 million in 2022 to US$ 2302.7 million in 2029; it is expected to grow at a CAGR of 2302.7 from 2023 to 2029.

Bio-based 1,3-propanediol (PDO), a colorless, odorless, hygroscopic, transparent viscous liquid, is widely used in cosmetics, pharmaceutical intermediates, PTT polyesters, coatings, lubricants, inks, fatty acid esters, acrylates and other fields. Its most important use is polymerization with terephthalic acid (PTA) to produce poly(propylene terephthalate) (PTT).

The major global producers of bio-based 1,3-propanediol are DuPont, Tsing Da Zhi Xing, Zhangjiagang Meirong Chemical Industry Co., Ltd. and Jiangsu Shenghong (Suzhou Suzhen Biological Engineering Co., Ltd.), occupying more than 90% of the market share in total, among which the largest producer is Jiangsu Shenghong (Suzhou Suzhen Biological Engineering Co., Ltd.) In terms of its product categories, bio-based 1,3-propanediol prepared by glucose conversion method has a higher market share of over 90%, while biodiesel conversion method has a lower share. In terms of its applications, the PPT polyester industry is its top application area with a market share of nearly 80%; the cosmetics industry has a fast growing trend in size at 28.14%.

LPI (LP Information)' newest research report, the “Bio-Based 1,3-Propanediol Industry Forecast” looks at past sales and reviews total world Bio-Based 1,3-Propanediol sales in 2022, providing a comprehensive analysis by region and market sector of projected Bio-Based 1,3-Propanediol sales for 2023 through 2029. With Bio-Based 1,3-Propanediol sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bio-Based 1,3-Propanediol industry.

This Insight Report provides a comprehensive analysis of the global Bio-Based 1,3-Propanediol landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bio-Based 1,3-Propanediol portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bio-Based 1,3-Propanediol market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bio-Based 1,3-Propanediol and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bio-Based 1,3-Propanediol.

This report presents a comprehensive overview, market shares, and growth opportunities of Bio-Based 1,3-Propanediol market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Glucose Conversion
Biodiesel Conversion

Segmentation by application
PTT Polyester
Cosmetic
Pharmaceutical
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Huafeng Group (DuPont)
Tsing Da Zhi Xing
Zhangjiagang Meirong Chemical Industry Co., Ltd.
Jiangsu Shenghong (Suzhou Suzhen Biological Engineering Co., Ltd.)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bio-Based 1,3-Propanediol market?

What factors are driving Bio-Based 1,3-Propanediol market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bio-Based 1,3-Propanediol market opportunities vary by end market size?

How does Bio-Based 1,3-Propanediol break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.