“1,3-Propanediol (PDO) Market by Application (Polytrimethylene Terephthalate [PTT], Cosmetics, Personal Care & Cleaning Products, Polyurethane [PU]) and Region (Americas, APAC, Europe, Middle East & Africa [EMEA]) – ****** Forecast to 2025”
MarketsandMarkets: The ****** 1,3-propanediol market size is projected to reach USD 691 million by 2025, at a CAGR of 11.4% from USD 402 million in 2020.
Growing demand for bio-based products to lower greenhouse gas emissions and energy consumption and increasing use in resin applications is expected to drive the 1,3-propanediol market. Also, the growing demand for PTT in apparel and carpets is estimated to boost the growth of the 1,3-propanediol industry.
Browse through more than 148 market data tables with 32 figures and an in-depth TOC of the report, Propanediol Market–****** Forecast to 2025”. Early buyers will receive 10% customization for reports.
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“Polytrimethylene terephthalate (PTT) is estimated to be the largest application segment of 1,3-propanediol in 2019”
Polytrimethylene terephthalate (PTT) is estimated to be the largest application of 1,3-propanediol in 2019. The demand for PTT is growing in apparel and textiles. Polytrimethylene terephthalate (PTT) is an aromatic thermoplastic polymer. Its successful commercial production started in the recent past. It has similar properties to polyethylene terephthalate (PET) and polybutylene terephthalate (PBT). The major advantageous properties of PTT are low water absorption, low electrostatic generation, softness, elasticity, high impact strength, colorfastness, stain-resistance, and ease of dyeing, among others. PTT is largely manufactured from bio-based PDO, making it an eco-friendly product. PTT is used in bulked continuous filament (BCF) carpet yarn due to its fast crystallization and elasticity. BCF yarn made of PTT has excellent bulk resistance as well as elasticity and stain resilience. Nowadays, PTT is used in leisurewear and sportswear, as well as in carpets due to its high elasticity. The growth of the ****** textiles and apparel industries is expected to play an important role in augmenting the demand for PTT, which in turn, is expected to bolster the sales of 1,3-propanediol as it is the primary feedstock for PTT.
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“Americas is estimated to be the largest market for 1,3-propanediol during the forecast period”
The Americas is the largest 1,3-propanediol market and is expected to continue its dominance during the forecast period. The market is primarily driven by increasing production and consumption of 1,3-propanediol in PTT, cosmetics, personal care & cleaning products, and polyurethane applications. Also, the presence of DuPont Tate & Lyle Bio Products Company, LLC, the largest manufacturer of bio-based 1,3-propanediol in the region, is driving the market.
The key market players profiled in the report include DuPont Tate & Lyle Bio Products Company, LLC (US), Zhangjiagang Glory Biomaterial Co., Ltd. (China), Zouping Mingxing Chemical Co., Ltd. (China), Haihang Industry Company Ltd. (China), Merck KGgA (Germany), Tokyo Chemical Industry Co., Ltd. (Japan), METabolic EXplorer (France), and Sheng Hong Group Holdings Ltd. (China).
This report covers the 1,3-propanediol market in terms of value and volume and forecasts the market size until 2025. The report includes market segmentation based on application and region. It also provides company profiles and competitive strategies adopted by the major players in the 1,3-propanediol market. The report also covers Porter’s Five Forces analysis, market overview, and insights on various drivers, restraints, opportunities, and challenges in the 1,3-propanediol market.
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