Synopsis:
As
per the report published by the experts; the global 1,3-Propanediol (PDO)
Market is estimated to reach US$ 776.3 million by 2022 with a CAGR of 5.8%
during the forecast period. Increasing demand for polyesters for example
Polytrimethylene Terephthalate (PTT) and growing infiltration of polyurethane through
a number of end-use businesses are likely to be important motivating issues for
global 1,3-Propanediol industry. Increasing uses of polyester through various
businesses are expected to help more for the development.
Drivers:
The
manufacturing of 1,3-Propanediol (PDO) can be done equally from both the
sources, such as petrochemical based and bio-based. Glycerol has been attaining
importance as the most important raw material for the production of
1,3-Propanediol (PDO). Glycerol is manufactured from a by-product resulting out
of biodiesel. Growing production of biodiesel is likewise projected to take an
optimistic effect on the development of the market. A stable move in the
direction of decreasing dependence on petroleum products because of increasing
concerns about the environment and instability related to their pricing has
encouraged the demand for biodiesel. Consecutively, this is estimated to surely
influence on the development of the 1,3-Propanediol market.
Development
of personal care manufacturing, mainly in developing economies of Latin America
and Asia Pacific is projected to have an encouraging impact on the development
of the market. The application of 1,3-Propanediol (PDO) in cleaning and
cosmetic products is projected to observe the maximum development percentage
during the period of prediction.
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The
increasing usage of polyester through a number of businesses is motivating the
global 1,3-Propanediol (PDO) industry. Due to its low price, recyclability, and
adaptability; polyester is utilized in numerous businesses. Furthermore,
polyester manufactured consuming 1,3-Propanediol (PDO), delivers greater
resistance to impact and flexibility as associated with polyester that does not
comprise 1,3-propanediol. Therefore, the growing use of polyesters manufactured
utilizing 1,3-Propanediol (PDO) is motivating the development of it.
Classification:
The
global 1,3-PDO market can be classified by Application and Region. By
Application it can be classified as Detergents & Personal Care,
Polytrimethylene Terephthalate (PTT), Polyurethane (PU), and others.
Regional Lookout:
By
Region the global 1,3-PDO industry can be classified as North America, Europe,
Asia Pacific, Central & South America, and Middle East & Africa. North
America ruled the global market for 1,3-Propanediol (PDO) with respect to
estimation of the market and demand. The region was responsible for the maximum
share of the global consumption during the historical year. Developing nations
of Central & South America and Asia Pacific are supposed to experience the
uppermost percentage of development during the period of forecast. The
economies for example Argentina, Brazil, India and China are projected to lead
the development of the provincial market. The economies like Argentina, Brazil,
Russia, and China are taking dedicated footsteps to decrease their necessity of
fossil fuel and inspire the manufacture of biodiesel. Encouraging directives or
rules about biodiesel in these nations are expected to pay to the greater
manufacture of glycerol and consecutively, support in the development.
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Companies:
Some
of the important companies for 1,3-Propanediol (PDO) Market are Zouping
Mingxing Chemical Co., Ltd., Metabolic Explorer, Shell Chemicals LP,
Zhangjiagang Glory Biomaterial Co. Ltd, DuPont Tate & Lyle, Zhangjiagang
Huamei Biomaterial Co., Ltd., Tokyo Chemical Industry Co., Ltd., Hunan Rivers
Bioengineering Co., Ltd., Merck KGgA, Hai hang Industry Company Ltd, TCI
Chemicals, and others.
Market
Segment:
Global
1,3-Propanediol (PDO) Application Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2012 - 2022)
• Polytrimethylene Terephthalate (PTT)
• Polyurethane (PU)
• Personal Care & Detergents
• Others
Global
1,3-Propanediol (PDO) Regional Outlook (Volume Kilo Tons; Revenue, USD Million,
2012 - 2022)
• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East and Africa
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