1,3-Propanediol (PDO) - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global 1,3-Propanediol (PDO) market accounted for $436.72 million in 2018 and is expected to reach $1,442.77 million by 2027 growing at a CAGR of 14.2 % during the forecast period. Rising demand for Polytrimethylene Terephthalate PTT, increasing use in resin application, and growing demand for environment-friendly bio-based products are the factors driving the market growth. However, the availability of substitutes with comparatively lower cost may hinder market growth.
1,3-Propanediol (1,3-PDO) is a bifunctional organic compound could potentially be used for many synthesis reactions, in particular as a monomer for polycondensations to produce polyesters, polyethers and polyurethanes. 1,3-PDO also has a number of other interesting applications such as solvents, adhesives, laminates, resins, detergents and cosmetic. 1,3 PDO can be synthesized from both bio-based and petrochemical-based sources.
By Application, Polytrimethylene Terephthalate (PTT) segment is constantly enhancing during the forecast period owing to the increasing demand for PTT in various applications owing 12its durability, and ability to get dried quickly. Based on geography, North America is likely to have a huge demand is attributed to the positive regulatory circumstances to promote bio-based chemicals.
Some of the key players profiled in the 1,3-Propanediol market include DuPont, Shangdong Mingxing, Shanghai Demao, Metabolic-Explorer, Henan Tianguan, Chenneng, DOW, Glory Biomaterial, Zouping Mingxing Chemical Co Ltd, Zhangjiagang Glory Biomaterial Co Ltd, Hunan Rivers Bioengineering Co Ltd, Merck KGgA, Zhangjiagang Huamei Biomaterial Co Ltd, Tokyo Chemical Industry Co Ltd, and Haihang Industry Co Ltd.
• Pharmaceutical Grade
• Technical Grade
• Other Types
• Polytrimethylene Terephthalate (PTT)
• Heat Transfer Fluid
• Engine Coolants
• Personal Care Products
• Textile Dyeing and Finishing
• Engineering Plastics
• Synthetic Drugs
• De-icing Fluid
• Cosmetics, Personal Care, and Cleaning Products
• Other Applications
Product Types Covered:
• Petrochemical based PDO
• Bio-based PDO
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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