1,3 Propanediol Market
1,3 Propanediol Market For Polytrimethylene Terephthalate (PTT), Polyurethane, Personal Care & Detergents, Electrical & Electronics and Other Application: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Press Release :
Global 1,3 Propanediol Market – An Overview
The high value specialty monomer, 1,3, Propanediol is a significant component in the production of composite materials, polyurethanes, polyether, and polyesters. It is interesting to note here that PDO was derived from petroleum feedstock earlier and is now derived from biodiesel and corn which are renewable resources. This is leading to its better acceptance in the market. Its superior stretching and elastic recovery are features that help its use as a substitute for nylon.
As per Transparency Market Research, the global 1,3 Propanediol Market would record a notable growth curve over the forecast period of 2013 to 2019 owing to multiple factors. One of it is its extensive use on detergents, personal care products, and production of polyurethane. A deep dive into market trends, growth drivers and notable developments is elucidated below:
- World over environment protection from further deterioration is gaining steam and this is leading to industries and end-consumers trying to incorporate use of eco-friendly materials in their businesses and life. This is leading to increase in demand for 1,3 Propanediol, helping the market stay on a steady growth curve over the forecast period.
- Construction volumes are also increasing by a massive magnitude, across the globe. As per recent studies, by 2030, the market is set to reach a very high valuation owing to an increase in volumes of construction by 85%. This will lead to a significant growth in the global 1,3 Propanediol market.
It is quite pertinent to make note of growing population across the world, which is driving demand for houses, offices, and other buildings, along with automotive, personal care products and detergents. This is set to drive the global 1,3 propanediol market forward and upward. By 2050, 2 billion new people will mark the face of the planet.
1,3 Propanediol Market: Overview
1,3 Propanediol Market: Scope of the Report
1,3 Propanediol Market: Application Analysis
- Polytrimethylene terephthalate (PTT)
- Personal care & detergents
- Electrical & electronics
1,3-Propanediol Market: Regional Analysis
- North America
- Asia Pacific
- Rest of the World