1,3-Propanediol (PDO) Market Size (2024 - 2029)

The 1,3-Propanediol market is projected to experience significant growth over the forecast period, recovering from the negative impacts of COVID-19 that disrupted supply chains and halted operations. The market's expansion is driven by the increasing use of polyesters and the rising demand for polytrimethylene terephthalate. Despite challenges posed by cheaper alternatives, the market is poised for growth, particularly with the rising interest in bio-based products. The Asia-Pacific region is expected to lead in growth, driven by substantial consumption in countries such as China and India.

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Market Size of 1,3-Propanediol (PDO) Industry

1,3-Propanediol Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 7.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

1,3-Propanediol Market Major Players

*Disclaimer: Major Players sorted in no particular order

1,3-Propanediol (PDO) Market Analysis

The Global 1,3-Propanediol (PDO) market is anticipated to register a CAGR of over 7% during the forecast period.

The market was negatively impacted due to COVID-19. Due to supply chain disruptions, work stoppages, and measures imposed by governmental authorities to slow the virus spread negatively affected the market. Hence, such impact and uncertainties due to the outbreak acted as a stumbling block for the 1,3-Propanediol (PDO) market. However, the condition is recovered in 2021, which is expected to benefit the market during the forecast period.

  • Over the medium term, the increasing application scope of polyesters using 1,3-propanediol and the growing polytrimethylene terephthalate (PTT) demand are the major driving factors.
  • On the other side, the presence of cheaper substitutes hinders the market's growth.
  • Growing demand for bio-based products acts as an opportunity for the growth of the market in near future.
  • Asia-Pacific region is expected to be the fastest growing market, with the most significant consumption from countries like China and India.

1,3-Propanediol (PDO) Industry Segmentation

1,3-propanediol (PDO) is a colorless viscous liquid soluble in water and is mainly used as a building block in the production of the polymers such as polytrimethylene terephthalate (PTT). The 1,3-propanediol market is segmented by source, application, end-user industry, and geography. By source, the market is segmented into bio-based PDO and petrochemical-based PDO. By application, the market is segmented into polyurethane, personal care products, polytrimethylene terephthalate (PTT), and other applications (household and engine coolants). By end-user industry, the market is segmented into synthetic drugs, engineering plastics, textile dyeing, finishing, and other end-user industries(cosmetics and pharmaceutical). The report also covers the market size and forecasts for the 1,3-Propanediol (PDO) Market in 15 countries across major regions. For each segment, the market sizing and forecasts are based on revenue (USD million).

Source
Bio-based PDO
Petrochemical-based PDO
Application
Polyurethane
Personal Care Products
Polytrimethylene Terephthalate
Other Applications (Household, Engine Coolants)
End-user Industry
Synthetic Drugs
Engineering Plastics
Textile Dyeing and Finishing
Other End-user Industries (cosmetics and pharmaceutical)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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1,3-Propanediol (PDO) Market Size Summary

The global 1,3-Propanediol (PDO) market is poised for significant growth, driven by its expanding application in polyesters and the increasing demand for polytrimethylene terephthalate (PTT). Despite the initial setbacks caused by the COVID-19 pandemic, which disrupted supply chains and halted production, the market has shown resilience and is expected to recover and thrive in the coming years. The Asia-Pacific region, particularly China and India, is anticipated to be the fastest-growing market, fueled by the rising consumption of PDO in various sectors such as cosmetics, personal care, and textiles. The demand for bio-based products presents further opportunities for market expansion, although the presence of cheaper substitutes remains a challenge.

1,3-Propanediol serves as a crucial intermediate in the production of engineering plastics like PTT and polyurethane, which are widely used in automotive, consumer electronics, and industrial applications. The market's growth is supported by the increasing production of these materials, with significant contributions from the United States and ongoing investments in manufacturing facilities by major chemical companies. The market is characterized by a consolidated structure, with key players such as Metabolic Explorer, Merck KGaA, and DuPont Tate & Lyle Bio Products Company holding substantial market shares. As the demand for engineering plastics and bio-based products continues to rise, the 1,3-Propanediol market is expected to experience robust growth during the forecast period.

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1,3-Propanediol (PDO) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Application Scope of Polyesters Using 1,3-Propanediol

      2. 1.1.2 Growing Demand for Polytrimethylene Terephthalate (PTT)

    2. 1.2 Restraints

      1. 1.2.1 Presence of Cheaper Substitute Products

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Source

      1. 2.1.1 Bio-based PDO

      2. 2.1.2 Petrochemical-based PDO

    2. 2.2 Application

      1. 2.2.1 Polyurethane

      2. 2.2.2 Personal Care Products

      3. 2.2.3 Polytrimethylene Terephthalate

      4. 2.2.4 Other Applications (Household, Engine Coolants)

    3. 2.3 End-user Industry

      1. 2.3.1 Synthetic Drugs

      2. 2.3.2 Engineering Plastics

      3. 2.3.3 Textile Dyeing and Finishing

      4. 2.3.4 Other End-user Industries (cosmetics and pharmaceutical)

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 France

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

1,3-Propanediol (PDO) Market Size FAQs

The 1,3-Propanediol (PDO) Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

Metabolic Explorer, Merck KGaA, Zhangjiagang Glory Chemical Industry Co., Ltd, Haihang Industry and DuPont Tate & Lyle Bio Products are the major companies operating in the 1,3-Propanediol (PDO) Market.

1,3-Propanediol (PDO) Market Report Snapshots

1,3-Propanediol Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)