The 1, 3-Propanediol (PDO) Market is being driven by Growing polyester applications across various industries
The 1, 3-Propanediol (PDO) Market is expected to grow at a CAGR of 15.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 716.8 million. In the global market for 1, 3-Propanediol (PDO), the shift towards bio-based production is gaining significant traction. Unlike traditional petroleum-derived methods, bio-based 1, 3-PDO is a sustainable and eco-friendly alternative. This process utilizes raw materials such as corn glucose, resulting in less energy consumption, lower production costs, and a reduced environmental footprint. With a 40% energy savings and 40% lower greenhouse gas emissions compared to petroleum-based methods, the bio-based manufacturing process offers essential benefits that align with current market trends. These advantages, including product biodegradability and a non-toxic production process, are expected to fuel the growth of the bio-based global 1, 3-PDO market.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
229 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15.6% |
Market growth 2025-2029 |
USD 716.8 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
13.2 |
Key countries |
US, Canada, UK, China, Japan, Germany, Brazil, France, India, and UAE |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The 1, 3-Propanediol (PDO) market encompasses various industries including inorganic chemicals, chemical pesticides, health & medical, admixtures, and textiles. Its production methods range from metabolic engineering and fermentation technologies using bio-based glycerol, to traditional glycols derived from petrochemicals. The shift towards green chemistry and bio-based products due to environmental concerns and stringent regulations is driving the growth of the Propanediol industry. Applications include polyesters, biodiesel production, and other bio-based products.
The global specialty chemicals market, encompassing manufacturers of high-value-added chemicals, is witnessing significant growth due to the increasing demand for specialized products in various industries. One such specialty chemical is 1,3-Propanediol (PDO), a bio-based compound used as an additive and admixture in the production of basic organic chemicals, bio-based glycerol, and bio-based products. The market expansion is driven by the rising preference for eco-friendly and sustainable alternatives in sectors like construction, automotive, and packaging. Furthermore, the growing demand for advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings is expected to fuel the market's growth during the forecast period.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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