Factors Impacting The 1,3-Propanediol Market In 2020

The global 1, 3-propanediol market size is projected to reach USD 690.6 million by 2025 from USD 401.7 million in 2020, at a CAGR of 11.4%. Increasing use of 1, 3-propanediol in various applications such as polytrimethylene terephthalate (PTT), polyurethane (PU), cosmetics, personal care, and cleaning products is expected to drive the market growth. The Americas is the largest market for 1, 3-propanediol, followed by APAC and Europe, Middle East & Africa.

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Polytrimethylene terephthalate (PTT) application is the largest consumer of 1, 3-propanediol.

Polytrimethylene terephthalate (PTT) is estimated to be the largest application of 1, 3-propanediol during the forecast period. The demand for PTT is growing in apparel and textiles. The growth of the global textiles and apparel industries is expected to play an important role in augmenting the demand for PTT, which in turn, is expected to bolster the sales of 1, 3-propanediol as it is the primary feedstock for PTT. The manufacture of bio-based PTT uses less energy and releases less greenhouse gas compared to nylon 6 and nylon 6

Americas is estimated to be the largest market for 1, 3-propanediol during the forecast period.

The Americas is the largest 1, 3-propanediol market and is expected to continue its dominance during the forecast period. The market is primarily driven by increasing production and consumption of 1, 3-propanediol in PTT, cosmetics, personal care & cleaning products, and polyurethane applications. Also, the presence of DuPont Tate & Lyle Bio Products Company, LLC, the largest manufacturer of bio-based 1, 3-propanediol in the region, is driving the market.

The key market players profiled in the report include DuPont Tate & Lyle Bio Products Company, LLC (US), Zhangjiagang Glory Biomaterial Co., Ltd. (China), Zouping Mingxing Chemical Co., Ltd. (China), Haihang Industry Company Ltd. (China), Merck KGgA (Germany), Tokyo Chemical Industry Co., Ltd. (Japan), METabolic EXplorer (France), and Sheng Hong Group Holdings Ltd. (China).

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DuPont Tate & Lyle Bio Products Company, LLC (US), is the largest manufacturer of bio-based 1,3-propanediol, globally. The company has a strong distribution network in the Americas, Europe, Middle East & Africa (EMEA), and APAC. The company focuses on enhancing its geographic presence and is strengthening its foothold in the different regions through strategic alliances. The company is also concentrating on developing products for emerging end-use applications. It is partnering with end-users for the development of products that effectively utilize bio-based 1,3-propanediol.

Zhangjiagang Glory Biomaterial Co., Ltd. (China) focuses on increasing the production capacity of 1,3-propanediol. The company started the 1,3-propanediol program in 2011. The company plans to combine the 1,3-propanediol plant and PTT plant organically to increase profitability.

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