Market Analysis and Insights : Global 1,3 Propanediol Market
The 1,3 propanediol market is expected to witness market growth at a rate of 9.85% in the forecast period of 2021 to 2028 and is expected to reach USD 401.65 million by 2028. Data Bridge Market Research report on 1,3 propanediol market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in demand for the product for various applications is escalating the growth of 1,3 propanediol market.
1,3-propanediol (PDO) refers to an organic chemical compound that is colorless liquid which is used on a large-scale for various industrial production and research applications because it provides a number of benefits for its end-uses. The compound is produced in anaerobic conditions organically from glycerol and its interactions with microorganisms. It has represented as CH₂(CH₂OH)₂ and possess complete mixing capability with water.
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The rise in the demand for polyesters such as polytrimethylene terephthalate (PTT) acts as one of the major factors driving the growth of 1,3 propanediol market. The increase in the usage of polyurethane across various end-use industries and shift towards declining reliance on petroleum products on account of rise in the environmental concerns and volatility associated with their pricing accelerate the 1,3 propanediol market growth. The rise in the relevance of glycerol as major raw material for manufacturing 1,3 PDO and increase in polyester applications across diverse industries further influence the 1,3 propanediol market. Additionally, the rise in resin applications, increase in demand for PTT and new application areas of 1,3-PDO positively affect the 1,3 propanediol market. Furthermore, genetically engineered microorganisms for glycerol fermentation and emerging economies extend profitable opportunities to the 1,3 propanediol market players in the forecast period of 2021 to 2028.
On the other hand, availability of substitutes at comparatively lower costs is expected to obstruct the 1,3 propanediol market growth. Lack of awareness about the benefits of 1,3-propanediol in industrial applications is projected to challenge the 1,3 propanediol market in the forecast period of 2021-2028.
This 1,3 propanediol market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on 1,3 propanediol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
1,3 Propanediol Market Scope and Market Size
The 1,3 propanediol market is segmented on the basis of source and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
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On the basis of source, the 1,3 propanediol market is segmented into bio-based and petrochemical-based.
On the basis of application, the 1,3 propanediol market is segmented into polyurethane, polytrimethylene terephthalate (PTT), personal care & detergents, pharmaceutical, food & beverages, heat transfer fluid and inks and coatings.
Global 1,3 Propanediol Market Country Level Analysis
The 1,3 propanediol market is analyzed and market size, volume information is provided by country, source and application as referenced above.
The countries covered in the global 1,3 propanediol market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the 1,3 propanediol market due to the presence of key players and growing demand for 1,3-propanediol in applications such as cosmetics, personal care, cleaning products and PTT in the region.
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The country section of the 1,3 propanediol market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Global 1,3 Propanediol Market, By Source (Bio-Based, Petrochemical-Based), Application (Polyurethane, Polytrimethylene Terephthalate (PTT), Personal Care & Detergents, Pharmaceutical, Food & Beverages, Heat Transfer Fluid, Inks and Coatings), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
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