Global 1,3-Propanediol (PDO) Market, 2024-2030

1,3-Propanediol (CH2(CH2OH)2) is the organic compounds. It’s consist of 1 propane-1 and 3-diols.It is a colorless, viscous, water -miscible liquid with a high (210℃) boiling point. 1,3-propanediol is mainly produced by the hydration of acrolein. An alternative route involves the hydroformylation of ethylene oxide to afford 3-hydroxypropionaldehyde. The aldehyde is subsequently hydrogenated to give 1,3-propanediol.

1,3-Propanediol is an important commercial chemical used in industry as intermediates or solvents It is used in the synthesis of certain polymers, mainly building block in the production of polytrimethylene terephthalate (PTT). Polytrimethylene terephthalate (PTT) has good physical properties and high mechanical performance, which widely employed in manufacturing of carpets and apparel. It is also use as a solvent, antifreeze. It has a role as a protic solvent and a metabolite. PDO can be formulated into a variety of industrial products including composites, adhesives, laminates, coatings, moldings, aliphatic polyesters, co-polyesters.

The global 1,3-propanediol market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global 1,3-propanediol market is growing at a fast pace and increasing its geographical footprint rapidly. The global 1,3-propanediol market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific region due to increase production and consumption in PPT manufacturing others consumer products such as personal care, cleaning and washing. The major growth driver for 1,3-propanediol market globally is increasing demand for polytrimethylene terephthalate (PTT) in the manufacturing of carpets and apparel due to its properties. Also, increase the demand of biobased 1,3-propanediol by end use industry.

1,3-propanediol enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of 1,3-propanediol market globally. The companies that lead global 1,3-propanediol market are DuPont Tate & Lyle Bio Products Company, LLC, Zhangjiagang Glory Biomaterial Co. Ltd., Zouping Mingxing Chemical Co. Ltd., Haihang Industry Company Ltd., METabolic EXplorer, Sheng Hong Group Holdings Ltd., Zhangjiagang Huamei Biomaterial Co. Ltd., Hunan Rivers Bioengineering Co. Ltd., Merck KGgA, and Tokyo Chemical Industry Co. Ltd.

Research Methodology

The research process includes the market segmentation of the global 1,3-propanediol market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global 1,3-propanediol industry dynamics.
• Estimation of the present global 1,3-propanediol market size in terms of value and volume.
• Global 1,3-propanediol market breakup based on type and application.
• Verified global 1,3-propanediol market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global 1,3-propanediol industry value chain.

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