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 colourless 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) fibres, adhesives, detergent, tonner, coating, and anti-freezing agents are expected to drive the demand throughout the forecast period primarily.

The Asia Pacific region is expected to retain its dominance in the global market. The market is North America is growing at apace due to the extensive use of 1,3 Propanediol in various industrial sectors. China and India are some of the fastest-growing markets in the world, and the United States and China hold some of the most prominent players in the market.

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Market Scenario:

The materials and chemicals sector has significantly grown over the recent years and is expected to register robust revenue CAGR over the forecast period. The materials and chemicals sector comprises daily wear products such as detergents, perfumes, soaps, and other raw materials and chemicals used in the manufacturing of other products. There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.

Major Companies:

• DuPont Tate & Lyle Bio ProductsCompany 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.
• Zhangjiagang Huamei Biomaterial Co. Ltd.

Competitive Landscape:

The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.

Key questions addressed in the report:

• What is the expected market size of the global 1,3 Propanediol market during the forecast period?
• What CAGR is the global market expected to register during the forecast period?
• Which key factors are expected to boost global market growth between 2021 and 2028?
• What are the key restraints that are expected to hamper global market growth?
• Which regional market is expected to register robust CAGR during the forecast period?
• Which key players are operating the global 1,3 Propanediol market?

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1,3 Propanediol Market Segmentation:

Sales Channel Outlook:

• Online Retailing
• Offline Retailing

Application Outlook:

• Process Solvent
• Chemical Intermediate
• Antifreezing & De-icing Agent
• Adhesive & Laminates
• Tonner & Coating
• Others

Regional Outlook:

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • Germany
  • K.
  • Italy
  • France
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • A.E.
  • South Africa
  • Rest of MEA

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