1, 3-Propanediol Market Research Report: By The Application (Polytrimethylene Terephthalate, Polyurethane, Cosmetics & Personal, Household And Others) – Forecast Till 2030

1, 3-Propanediol Market Overview:

The Global 1, 3-Propanediol Market is anticipated to grow at a CAGR of over 10.11% during the given 2030.1, 3-Propanediol is a group of compounds, which is a colorless liquid that is miscible in water. These compounds can be produced by the hydration process of acrolein or by hydroformylation of ethylene oxide. These compounds find their use in the production of poly trimethylene terephthalate (PTT), polyurethane, cosmetics & personal care, and household cleaners. It also finds its application in engine coolants, de-icing fluid, and heat transfer fluid among others. Glycerol has been gaining popularity overtimes in the production of 1, 3-Propanediol and it is also a by-product in the process of production of biodiesel. Also, Biobased 1, 3-Propanediol is being preferred over its pure form as it certified by FDA to be used in the production of cosmetic & personal care products, home care products, engine coolants, and heat transfer fluids among others whereas bio-based polyurethane is mainly used in the building & construction and automobile industries.

The reason behind it is that in the production of Bio-based 1, 3-Propanediol very few greenhouse gases are released that too with low energy consumption in comparison to the production of its pure form. 

COVID-19 Analysis:

The coronavirus pandemic has given a very hard time to most of the manufacturing, developing, production, and logistic units of the market. Due to this pandemic situation, restrictions were imposed by the government of different countries. It has impacted the demand for PDO due to lockdown imposed and full restriction on industry operation. And this PDO is used in the manufacturing of carpet, leisure & sportswear.

The demand for these apparels decreased during the pandemic lockdown restrictions and the market of PDO has been drastically affected. Also, with the decline in usage of cosmetics and beauty products, the demand for PDO decreased and the market has been impacted very badly.

Competitive Landscape:

To get a detailed and profound idea about the 1, 3-Propanediol Market Insights, it is very important to create a competitive environment amongst the different key players at different market locations all around the country. All the market players are competing with each other globally in the international markets by implementing various types of strategies such as product launches and upgradations, mergers and acquisitions, partnerships, etc. The prime players of this 1, 3-Propanediol Market include:

• Metabolic Explorer SA (France)


• zhangjiagang glory biomaterial co. Ltd (CHINA)


• Zouping Mingxing Chemical Co., Ltd (China)


• Royal Dutch Shell (Netherland)


• Shanghai Jinjinle Industry Co., Ltd (China)


• Zouping Mingxing Chemical Co., Ltd (China)


• Salicylates and Chemicals Pvt. Ltd (India)


• Chongqing Kunlun Chemical Co., Ltd (China)

Market Dynamics:

Drivers:

A gradual shift in the preference of consumers for bio-based products is being witnessed all over the world. So, this rising awareness of consumers has urged the companies to innovate, customize, and market sustainable products. Also, the strict rules and regulations implemented by the government about the usage of bio-based products are another factor responsible for the growth of this market. The depletion of conventional sources or replacing the traditional methods of using petrochemical sources is one more factor that enhances the growth of this industry. PDO is biochemical which is anticipated to have high demand as it makes use of corn sugar and crude glycerine which makes it more tenable. 

Restraints:

1, 3-Propanediol Market is used as an alternative to petroleum-based glycols such as propylene glycol, butylene glycol, and glycerine and these products are available in the market at a comparatively lower price than 1, 3-propanediol that is used in cosmetics household care products, pharmaceutical & dietary supplements, and food & flavor applications. So, this thing may act as a barrier to the growth of this market. Secondly, in some countries, it is very difficult to promote biobased PDO due to the absence of strict rules and regulations. Also, the want of awareness in developing economies like Pakistan, Sri Lanka, Iraq, Iran, Indonesia, Taiwan, Bangladesh, Malaysia, Maldives, Chile, Colombia, Peru, the Philippines, Vietnam, and Romania about the usage of 1, 3-propanediol may hinder the growth of this market. Also, there is a lack of awareness about its usage in PU and food & flavors.

Technology Analysis:

According to the US energy information administration, the production of biodiesel is increasing every year by 97%. And a recent technology has been developed for the production of biodiesel in which glycerol which is also a by-product of this process can be used again and again in the production of 1, 3-Propanediol Market. With recent technological advancements and research conducted all around the world, it is been found that the polyesters manufactured by using1, 3-Propanediol offer excellent flexibility and resistance as associated with polyesters. Many researchers have found that 1, 3-Propanediol as feedstock can be used in various potential applications. Also, it can replace glycols such as propylene glycol, butylene glycol, and glycerine to be used in cosmetic & personal care products.

Segment Overview:

1, 3-Propanediol Market Share is anticipated to witness significant growth owing to the performance of different market segments. Among these segments, the poly trimethylene terephthalate, the segment will be the fastest growing and also contribute towards this 1, 3-Propanediol Market Growth more than any other segment. As the demand for PTT is rising in the apparel and textile industry. Also, the production bio-based PTT uses very little energy in this process and releases very few greenhouse gases as compared to nylon 6 and nylon 6, 6. For an amplifying use the market has been segmented into the following on different bases:

Based on Application, it has poly trimethylene terephthalate, polyurethane, cosmetic & personal care, household, engine coolants, heat transfer fluid, de-icing fluid, and others.

Study Objectives:

• To consider the viewpoint of various industry experts and leaders and predict compound annual growth rate and market growth rate by the end of the global forecast in 2023.


• To highlight a competitive market outlook and examine the yield models of key market players, worldwide.


• To observe the various market dynamics like trends, drivers, and restraints that are most probable to play a role in helping the market and its different segments growing in the domestic as well as international market.

Global 1, 3-Propanediol Market Share by Application:

Source: MRFR Analysis

Regional Analysis:

The 1, 3-Propanediol Market movements are remarkably working in 5 major regions of the world that is North America, Asia Pacific, Africa, South America, and the Middle East. Among all these regions, the North American region will dominate this market, and the reason attributed to it is the rising demand for PTT in the developing end-use industries and the increasing use of bio-based products. Asia Pacific region will have the second-largest share of this market. As the demand for cosmetics & personal care and household care products is rising day by day. So, this factor will primly be responsible for the growth of this industry in the Asia Pacific region. Also, the increasing investment in the development of the retail sector has made the availability of consumer goods easier which will be another factor enhancing the growth of this market. The European market will also witness steady growth during the forecast period due to the growing production of biodiesel in this region. Also, the developing automobile and cosmetic and personal care industry will influence the growth of this market in this region.

Recent Developments:

As the government of different countries is formulating strict policies regarding the use of bio-based products to manufacture biodiesel mainly in the USA and Canada. Like the 1, 3-Propanediol can be produced from bio-based and petrochemical-based sources. The policies in favor of using bio-based sources are made by keeping in mind the rising environmental concerns and instability associated with the pricing of petrochemical sources

In September 2020, the first European made a cosmetic grade of PDO with METEX NOOVISTA was rolled out in the market by royal DSM. PDO (the industrial subsidiary of METABOLIC EXPLORER was said to be made by obeying an exclusive global strategic alliance.

In October 2017, a partnership was being entered into between DuPont (US), INVISTA (US), and DuPont Tate & Lyle Bio Products Company, LLC to develop a series of innovative tenable textile solutions for workwear and outdoor wear.

Intended Audience:

• Manufacturers & suppliers of 1, 3-Propanediol.


• Traders of 1, 3-Propanediol Market


• Production process industries


• Potential industries

Report Overview:

The 1, 3-Propanediol Market Report presents a shift analysis that includes market drivers, opportunities, and restraints that are available in the Global 1, 3-Propanediol Market. The report discusses the impact of COVID-19 on the key players of this market. The report also tells about the market segmentation on a different basis and how a competitive environment is developed among the key players around the globe. At last, the report presents some recent developments in this industry.