1,3-Propanediol (PDO) is an important chemical intermediate widely employed as a chemical precursor for polymers, resins, and cosmetics. It has emerged in recent years because of its uses in bio-based material especially in polytrimethylene terephthalate, it has applications in textiles and packaging. The increasing preference for green products has been instrumental in the transition from traditional petrochemical PDO to bio-based PDO obtained from renewable feedstock such as corn glucose.
The PDO market is expected to grow rapidly because of its versatile and widespread use across industries, including personal care and automotive and industrial applications. For the cosmetics and personal care industry, PDO is recognized for its moisturizing abilities and function as a bent for petroleum-based glycols. Furthermore, application in biodegradable plastics and high-performance polymers presents other opportunities particularly due to the increasing demand for eco-friendly products across the globe. The advent of cheaper biotechnological production platforms together with productive strategic alliances between bio-based biomolecular firms and critical sectors are expected to improve market access.
Based on the product, the 1,3-propanediol (PDO) market is bifurcated into conventional and bio-based. The bio-based segment caters to a significant share of the 1,3-propanediol (PDO) market. Bio-based PDO is made through the fermentation of resources such as corn sugar making it environmentally friendly, unlike the conventional, petroleum-based PDO. When business people and investors start emphasizing more sustainable development use of renewable raw materials and reduced carbon emissions due to effects on the climate, industries are therefore slowly leaning towards adopting bio-based PDO. In addition, bio-based PDO has widespread use in cosmetic and textile industries, and personal care products because of the emerging trend of bio-based products. It also serves as an ingredient in manufacturing PTT or polytrimethylene terephthalate which is a biodegradable polymer.
Based on application, the 1,3-propanediol (PDO) market is segmented into Polytrimethylene Terephthalate (PTT), Cosmetics, Personal Care and Cleaning Products, Polyurethane, and Others. The PTT segment catered to a significant share of the market. This is because sustainable and bio-based polymers are a rising trend in the textile and packaging industries. PTT, a type of biodegradable polymer, is preferable for use in fibers, carpets, and apparel because PTT has higher performances in terms of elastic recovery, resilience, and stain resistance compared to other polymers. Environmental conservation consciousness and increasing use of environmentally friendly materials have led to increased use of PTT hence increasing the overall demand for PDO which is one of the ingredients of PTT. Also, the increasing concern towards circular economies and abundant solutions in manufacturing has increased the demand for PTT, which positions the company at the top of the PDO market.
For a better understanding of the market adoption of 1,3-Propanediol (PDO), the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, and Rest of Asia-Pacific), Rest of World. North America has significantly contributed to the expansion of the 1,3-propanediol (PDO) market. The key factors for this dominance are availability with PDO manufacturers, advanced technological structure, and a shift towards bio-based products. The United States has especially been at the forefront of the development of the PDO production processes including the bio-based fermentation that enhances cost and resource efficiency. Also, there is a steady demand for PTT, which is used in producing sustainable polymers and which requires PDO in the manufacturing process, is famous within North America in the clothing, automotive, and packaging industries. Another factor that has pushed the adoption of PDO is the region’s emphasis on cutting back on carbon emissions and going green in production.
Some of the major players operating in the market include DuPont, Metabolic Explorer, Zhangjiagang Glory Biomaterial Co., Ltd., Zouping Mingxing Chemical Co., Ltd., Shell Chemicals LP, Merck KGaA, Tokyo Chemical Industry Co., Ltd., Otto Chemie Pvt Ltd., Primient Covation LLC, and Haihang Industry.
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Main Objective
1.3. Stakeholders
1.4. Limitation
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the 1,3-Propanediol (PDO) Market
2.2. Research Methodology of the 1,3-Propanediol (PDO) Market
2.3. Respondent Profile
3 EXECUTIVE SUMMARY
3.1. Industry Synopsis
3.2. Segmental Outlook
3.2.1. Market Growth Intensity
3.3. Regional Outlook
4 MARKET DYNAMICS
4.1. Drivers
4.2. Opportunity
4.3. Restraints
4.4. Trends
4.5. PESTEL Analysis
4.6. Demand Side Analysis
4.7. Supply Side Analysis
4.7.1. Merger & Acquisition
4.7.2. Investment Scenario
4.7.3. Industry Insights: Leading Startups and Their Unique Strategies
5 PRICING ANALYSIS
5.1. Regional Pricing Analysis
5.2. Price Influencing Factors
6 GLOBAL 1,3-PROPANEDIOL (PDO) MARKET REVENUE (USD MN), 2022-2032F