1, 3-Propanediol Market Size to grow by USD 615.6 million between 2024-2028
According to a research report “ 1, 3-Propanediol Market” by Application (PTT, Polyurethane, Personal care and detergents, Others) Source (Bio-based, Petrochemical based) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 615.6 million, at a CAGR of 15.2% during the forecast period. The surging demand for polyester in numerous industries is driving the growth of the 1,3-PDO market. With the global polyester market projected to expand during the forecast period due to its economical and versatile attributes, the need for 1,3-PDO as a key raw material is escalating. Beyond textiles, polyesters are utilized in sectors such as home furnishings, automotive, construction, filtration, and personal care and hygiene. Notably, PTT, a type of polyester, is synthesized using 1,3-PDO..
Browse market data tables, figures, and in-depth TOC on “1, 3-Propanediol Market” by Application (PTT, Polyurethane, Personal care and detergents, Others) Source (Bio-based, Petrochemical based) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Application, the PTT segment is projected to dominate the market size in 2024
The 1,3-Propanediol (1,3-PDO) market is projected to experience robust growth due to the increasing demand for Polytrimethylene Terephthalate (PTT), a polyester with superior properties. As a crucial ingredient in PTT production, 1,3-PDO's demand is escalating. PTT, which exhibits enhanced tensile and flexural strengths, better surface finish, and cost-effectiveness compared to PBT, is gaining popularity for its chemical resistance at room temperature. This resistance includes various chemicals such as carbon tetrachloride, aliphatic hydrocarbons, gasoline, perchloroethylene, alcohols, oils, fats, glycols, ethers, dilute acids and bases, and esters.
By Source, Bio-based segment is expected to hold the largest market size for the year 2024
The global 1,3-Propanediol (PDO) market is experiencing significant growth due to the increasing demand for bio-based products. This trend is driven by rising consumer acceptance of eco-friendly alternatives across various industries. A key factor fueling this expansion is the surge in biodiesel production, with crude glycerol - a byproduct of biodiesel manufacturing - serving as a crucial raw material for 1,3-PDO production. The global biodiesel market is thriving, with governments worldwide implementing policies to promote its use as a fuel additive to reduce reliance on fossil fuels and decrease imports.
North America is forecasted to hold the largest market size by region in 2024
The 1, 3-Propanediol market witnesses robust growth due to its extensive applications in various industries. Key end-use sectors include polyurethanes, solvents, and coatings. Its unique properties, such as high boiling point and low viscosity, make it an indispensable ingredient in these applications. Market expansion is further fueled by increasing demand for biodegradable plastics and eco-friendly coatings. Global production capacity is projected to grow at a steady pace, driven by technological advancements and rising consumer awareness towards sustainable manufacturing processes.
The 1, 3-Propanediol Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The 1,3-Propanediol (PDO) market encompasses the production and application of this bio-based chemical in various industries. PDO is primarily used in the production of biodiesel and as a raw material for manufacturing bio-based products such as polyesters, admixtures, and textiles. The industry is subject to stringent regulations due to environmental concerns, particularly in relation to traditional glycols and petrochemical-based processes. Bio-based glycerol, a byproduct of biodiesel production, is also gaining attention as a potential feedstock for PDO production through fermentation technologies and metabolic engineering. Green chemistry principles are increasingly being adopted to minimize the use of chemical pesticides and inorganic chemicals in the production process. PDO finds extensive applications in the health & medical sector, including as a solvent and in the production of certain pharmaceuticals. The market for PDO is expected to grow significantly due to its versatility and the increasing demand for bio-based products. The shift towards renewable and sustainable sources in the chemical industry is also driving the growth of the PDO market.
Market Research Overview
The 1,3-Propanediol Market encompasses the production and utilization of this versatile organic compound, which is a sustainable alternative to petrochemical-derived glycols. This chemical is widely used in various industries, including Textile and Apparel for producing synthetic fibers such as Polytrimethylene Terephthalate (PTT), polyesters, and polyurethanes (PU). The market for 1,3-Propanediol is witnessing a significant shift towards renewable sourcing and feedstocks, with companies like Metabolic Explorer leading the way through metabolic engineering. The demand for eco-friendly attributes in daily chemicals, cosmetics, flavors & fragrances, furniture, packaging, and construction is driving the growth of the 1,3-Propanediol Market. This trend is in line with the global paradigm shift towards sustainable practices and stringent regulations aimed at reducing pollution and plastic waste. The industry's focus on bio-based glycerol and organic intermediates is expected to make 1,3-Propanediol production cost-effective and more environmentally friendly. Key applications of 1,3-Propanediol include the production of polymers, admixtures, additives, and eco-friendly bio-based products. The market presence of major players like DuPont and their commitment to green chemistry further underscores the potential of this market. The 1,3-Propanediol Market is poised for growth, driven by the increasing demand for sustainable chemicals and the need to reduce greenhouse gas emissions.
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