Market Outlook
According to the report by Expert Market Research (EMR), the global 1,3-propanediol (PDO) market share is projected to grow at a CAGR of 7.2% between 2024 and 2032. Aided by its increasing applications in various industries, the market is expected to grow significantly by 2032.
1,3-Propanediol is a colourless, viscous liquid that is gaining prominence due to its unique properties and environmental benefits. It is primarily used as a monomer in the production of polytrimethylene terephthalate (PTT), a polymer used in textiles, carpets, and plastics. PDO is also used in the production of personal care and cleaning products, engine coolants, and de-icing fluids.
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The 1,3-propanediol (PDO) market outlook is being influenced by several factors. The primary driver is the growing demand for bio-based products. PDO can be produced from renewable sources like corn and glycerol, making it an attractive alternative to petroleum-based chemicals.
The versatility and superior properties of PDO, such as its high boiling point, low toxicity, and excellent hygroscopicity, are also contributing to its growing popularity in various applications. In addition, the use of PDO in the production of PTT, known for its durability and stain resistance, is increasingly being used in textiles and carpets, further boosting the market.
Technological advancements in the production of PDO are garnering the 1,3-propanediol (PDO) market growth. The development of efficient and cost-effective bio-based production methods is a key trend. These methods not only reduce the environmental impact but also enhance the sustainability of the PDO market.
Companies are increasingly focusing on sustainable practices, including the use of renewable feedstocks and the development of biodegradable products using PDO. This shift towards sustainability is attracting environmentally conscious consumers and industries, further expanding the market’s scope.
The PDO market exhibits diverse dynamics across different regions. The Asia-Pacific region, led by China and India, is a rapidly growing market due to the rising textile and automotive industries. North America and Europe are also significant markets, with a focus on sustainable and bio-based products.
Looking ahead, the 1,3-propanediol (PDO) market demand is set for further growth, driven by the increasing demand for sustainable and bio-based products. With continuous advancements in production technology and growing awareness of environmental sustainability, the market is expected to expand its reach and application base.
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Market Segmentation
The market can be divided based on source, application, end-user industry, and region.
Market Breakup by Source
- Bio-based PDO
- Petrochemical-based PDO
Market Breakup by Application
- Polyurethane
- Personal Care Products
- Polytrimethylene Terephthalate
- Others
Market Breakup by End-User Industry
- Synthetic Drugs
- Engineering Plastics
- Textile Dyeing and Finishing
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global 1,3-propanediol (PDO) market. Some of the major players explored in the report by Expert Market Research are as follows:
- DuPont Tate & Lyle Bio Products
- Tokyo Chemical Industry Co. Ltd
- Haihang Industry Co., Ltd.
- Sheng Hong Group Holdings Ltd
- Merck KGaA
- Others
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