1,3 Propanediol Market Insights:
The 1,3 Propanediol Market was analyzed which was worth USD 408.00 Million in the year 2022, expecting a CAGR of 8.7% during the forecast period (2023-2030), and the market is projected to be valued at USD 795.24 Million by 2030.
The increased adoption of 1,3 Propanediol in the Renewable Chemicals is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for 1,3 Propanediol also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of 1,3 Propanediol in many sectors also boosts the market growth during the forecast period.
1, 3 Propanediol, also known as propane-1,3-diol or simply PDO, is a colorless, odorless, viscous liquid that belongs to the family of diols. It is a three-carbon diol with the molecular formula C3H8O2, and it is widely used in the production of various industrial and consumer goods, including cosmetics, personal care products, and food and beverage products. 1,3 Propanediol is also used as a solvent, a humectant, a heat transfer fluid, and as a building block for the synthesis of other chemicals. It can be produced through the fermentation of renewable resources such as corn sugar or glycerin, making it a more sustainable alternative to traditional petroleum-based chemicals.
1,3 Propanediol Market Research Report” was just released by Market Research Community. It is divided into several categories, including Source (Bio-based PDO, Petrochemical-based PDO), application (Polyurethane, Personal Care Products, Polytrimethylene Terephthalate, Other Applications (Household, Engine Coolants)), End-user Industry (Synthetic Drugs, Engineering Plastics, Textile Dyeing and Finishing, Other End-user Industries (cosmetics and pharmaceutical)), and companies (DuPont, Metabolic Explorer SA, Zhangjiagang Glory Biomaterial Co., Ltd., Zouping Mingxing Chemical Co., Ltd., Shell Chemicals LP, Merck KGaA, Tokyo Chemical Industry Co., Ltd., Shenghong Group Holdings, Primient Covation LLC, Haihang Industry Co. Ltd.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 8.7%, over the forecast period of 2023–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Million)||795.24 Million|
|By Source||Bio-based PDO, Petrochemical-based PDO|
|By Application||Polyurethane, Personal Care Products, Polytrimethylene Terephthalate, Other Applications (Household, Engine Coolants)|
|By End-user Industry||Synthetic Drugs, Engineering Plastics, Textile Dyeing and Finishing, Other End-user Industries (cosmetics and pharmaceutical)|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||DuPont, Metabolic Explorer SA, Zhangjiagang Glory Biomaterial Co., Ltd., Zouping Mingxing Chemical Co., Ltd., Shell Chemicals LP, Merck KGaA, Tokyo Chemical Industry Co., Ltd., Shenghong Group Holdings, Primient Covation LLC, Haihang Industry Co. Ltd.|
The COVID-19 pandemic has had a substantial negative influence on the 1,3 Propanediol market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
DuPont, Metabolic Explorer SA, Zhangjiagang Glory Biomaterial Co., Ltd., Zouping Mingxing Chemical Co., Ltd., Shell Chemicals LP, Merck KGaA, Tokyo Chemical Industry Co., Ltd., Shenghong Group Holdings, Primient Covation LLC, Haihang Industry Co. Ltd.
Market Segment Analysis:
- Bio-based PDO
- Petrochemical-based PDO
- Personal Care Products
- Polytrimethylene Terephthalate
- Other Applications (Household, Engine Coolants)
By End-user Industry
- Synthetic Drugs
- Engineering Plastics
- Textile Dyeing and Finishing
- Other End-user Industries (cosmetics and pharmaceutical)
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of 1,3 Propanediol industries in the region.
Key 1,3 Propanediol Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global 1,3 Propanediol Market segments.
– Largest Market Share Held by Industry to Industry for 1,3 Propanediol
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the 1,3 Propanediol Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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