The Global 1,3 Propanediol Market is forecast to reach USD 1.66 Billion by 2027, according to a new report by Reports and Data. 1,3 Propanediol (PDO) is a colorless organic viscous liquid with high boiling point and water-miscible properties. This organic chemical compound is typically produced by the hydration process of acrolein or oxo-synthesizing ethylene oxide and hydrogenating the produced aldehydes. Also, more recent bioprocessing production processes are also followed by some of the prominent players in the market to manufacture this chemical. Global 1,3 Propanediol market is projected to drive significantly as the demand for this isomer of Propanediol in various industrial commercial applications is being propelled substantially. The continuous expansion of Polytrimethylene Terephthalate (PTT) fibers, adhesives, detergent, tonner, coating, and anti-freezing agents are expected to drive the demand throughout the forecast period primarily.
Top Companies Operating in the Global 1,3 Propanediol Market:
DuPont Tate Lyle Bio Products Company, LLC, Zhangjiagang Glory Biomaterial Co., Ltd., Royal Dutch Shell PLC, Haihang Industry Co., Ltd., Merck KGaA, Tokyo Chemical Industry Co., Ltd., Cargill, Incorporated, Hunan Rivers Bioengineering Co., Ltd., Godrej Industries Ltd., and Zhangjiagang Huamei Biomaterial Co., Ltd.
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Further key findings from the report suggest
- 1,3-Propanediol can act as a multipurpose ingredient that includes humectant, emollient, booster, process solvent, viscosity enhancer, carrier for actives, chemical intermediate, and others. This organic compound is a high purity chemical ingredient produced from renewable sources which are completely GMO-free and doesn’t create risks for the environment.
- Growing penetration of the online retailing businesses for the chemicals and materials, especially in the emerging nations in the Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to the non-involvement of the distributors in the supply chain model, the profit margin is way more than that of the offline retailing distribution channel. The online retailing is expected to gain a market share of 26.2% by 2027.
- Growing use of the cosmetic personal care products such as skin cream, moisturizer, lotion, hair color, foundation, serums, face masks, antiperspirant, and eyeliner, to name a few, contributes to the market growth enormously. A rise in the awareness about hair care and skin care and an increase in disposable income is expected to augment the demand for cosmetics and personal care products.
- Europe is growing at a CAGR of 12.1% in the forecast period. Netherland and France have some of the valuable players in this region. Europe is also expected to retain a significant position in the market.
- North America is forecasted to witness significant growth in the overall market due to its increasing demand for the paints coatings, cosmetic personal care, and fabric products, having grown at a CAGR of 14.0% during the forecast period. US possesses the highest market share in this region and some of the vital players of the market.
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1,3 Propanediol Market Segmentation
Application Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
- Process Solvent
- Chemical Intermediate
- Antifreezing De-icing Agent
- Adhesive Laminates
- Tonner Coating
- Others
Sales Channel Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
- Online Retailing
- Offline Retailing
Production Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
- Conventional Process
- Bioprocess
End-Use Verticals Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
- PTT Manufacturing
- Personal Care Cosmetics
- Construction Material
- Industrial Manufacturing
- Others
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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