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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 (PDO) is a high value specialty monomer that is extensively used as an industrial building block for producing polyurethanes, polyesters, polyethers and other composite materials. PDO was earlier manufactured from acrolein (unsaturated aldehyde, propenal), which is derived from petroleum feedstock; however; it is now produced using renewable sources such as corn and biodiesel. Majority of PDO produced is used in the manufacturing of polytrimethylene terephthalate (PTT). PDO imparts unique features such as elastic recovery and superior stretching to PTT which makes it a potential substitute for nylon. PDO also finds applications in polyurethane, personal care & detergents and others (engine coolants, heat transfer fluids, and unsaturated polyester resins). PDO is used in the formulations of variety of products such as adhesives, laminates, moldings and coatings, among others.
The PTT market has been the largest consumer of PDO in the last few years. Unique properties such as resilience, elastic recovery, ease of dyeing and inherent stain resistance makes PTT one of the well suited polymers for manufacturing textile fibers and carpets. 1,3 propanediol market in terms of volume in PTT application is expected to grow at the estimated CAGR of 16.3% from 2013 to 2019. Polyurethane market is the next largest consumer of PDO. Using PDO it is possible to manufacture polyurethane having 70% of sustainable renewable content. Thus, PDO is widely replacing 1, 4-butanediol (BDO) which was the conventional raw material for manufacturing polyurethane. 
The 1,3 propanediol market for polyurethane application was valued at USD 18.9 million in 2012. PDO is also used in personal care & cosmetic products as they impart beneficial properties such as solvency and moisturisation to the products. Moreover, propylene glycol which is used as a basic chemical in cosmetic formulations is known to cause severe skin allergies on sensitive skin than that compared with PDO. Hence, the use of PDO instead of propylene glycol is constantly increasing in personal care & cosmetic products. Personal care & detergents segment accounted for nearly 8.2% of the overall PDO consumption in 2012. PDO is widely used in other applications such as transfer fluid, unsaturated polyester resins, engine coolants and deicing fluid among others. The market of PDO for other application is expected to reach USD 30.1 million by 2019. 
North America dominated PDO market and accounted for more than 74.5% of the market in 2012. The growing carpet and textile industry in U.S. is driving the 1,3 propanediol market in this region. The Asia Pacific market was valued at USD 32.9 million in 2012. Since past five years, many Chinese companies have started their PDO pilot-scale production and are expected to enter the market in near future which in turn would boost the growth of 1,3 propanediol market in Asia Pacific region. The demand of PDO in Rest of the World (RoW) is expected to grow at a CAGR of 14.8% from 2013 to 2019. The demand of PDO in Europe accounted for nearly 5% in 2012. The European 1,3 propanediol marketis expected to reach USD 33.3 million by 2019.
The global 1,3 propanediol market is highly monopolized as DuPont Tate & Lyle Bio Products accounted for nearly 89% of the market in 2012. However, many new companies are expected to enter the market in near future as presently many companies are running small scale pilot production units of PDO. By 2019, Asia Pacific is expected to be one of the largest manufacturers of PDO mainly due to the low raw material prices and cheap labor. Entry of new players in the market would explore new technologies to manufacture PDO from various renewable resources.

1,3 Propanediol Market: Scope of the Report

Increasing demand for polytrimethylene terephthalate (PTT) coupled with growing consumer awareness for bio-based products is expected to drive the global 1,3-propanediol market from 2013 to 2019. 1,3 propanediol (PDO) is a high value specialty chemical that is used in the  synthesis of polymers. such as polyurethanes, polyesters and polyethers. Large volume of 1,3-propanediol produced is used as a building block to manufacture polytrimethylene terephthalate (PTT). 1,3-propanediol imparts unique features such as superior stretching and elastic recovery of nylon to PTT, which is difficult to obtain from other glycol based polyesters. Earlier, 1,3-propanediol was produced from acrolein a petroleum feedstock however, in order to respond to the sustainability and environmental factors, manufacturers have developed fermentation process to produce bio-based PDO either from corn sugar or biodiesel. 1,3-propanediol is also used in manufacturing polyurethane, cosmetic, personal care products, home cleaning products, among others. Government initiatives and regulations in different countries are expected to further boost the market growth. 
The study includes a detailed analysis of the 1,3 propanediol market considering 2012 as the base year. This report analyzes the global 1,3 propanediol market in terms of volume (kilo tons) and revenue (USD million) from 2012 to 2019. The report includes major driving and restraining factors for the 1,3 propanediol market and highlights opportunities for the market in the near future. It also comprises of overall market attractiveness and company market share analysis to get a comprehensive view about the market. Market attractiveness provides information of the various applications that are growing at fastest CAGR. Market attractiveness gives detailed information on the emerging applications of the 1,3 propanediol market.The company market share analysis also provides information about leading players present in the market. The company market share analysis gives the precise market share captured by the leading players present in market. 
 The report includes several tables and graphs that provide a detailed explanation of various facts and findings of the global 1,3 propanediol market. Various authenticated sources have been used to refine the research and provide accurate analysis of  1,3 propanediol market. Several interviews with the key industry leaders were conducted along with secondary research during the course of the study. Various governmental regulations and their effect on the 1,3-propanediol market were studied in detail. 
The study segments the market on the basis of the applications of 1,3-PDO, and each application is further analyzed according to the regional demand from 2012 to 2019. The major geographical regions considered in the report include North America, Europe, Asia Pacific and Rest of the World.
The report studies the overall competition in the market by using analytical tool such as Porter’s five forces model. The Porter’s five forces model provides an in-depth analysis of the impact of buyers, suppliers, substitutes, new entrants and degree of competition on the global 1,3 propanediol market. The study also analyzes value chain components in order to study value addition at each stage. Value chain also offers the major raw material manufacturers and suppliers present in the market. In case of any crucial supply agreements between leading companies is mentioned in the report. The value chain analysis also provides information of the distribution channel opted by major players present in the market.
The report includes company profiles of the key players in the market such as DuPont Tate & Lyle Bio Products and Metabolic Explorer. Company profiles provide specific information about the major participants present in the market such as company overview, business strategy, SWOT analysis and recent developments. Company profiles help companies to take strategic business decisions by thoroughly studying other companies present in the market.

1,3 Propanediol Market: Application Analysis

  • Polytrimethylene terephthalate (PTT)
  • Polyurethane
  • Personal care & detergents
  • Electrical & electronics
  • Others

1,3-Propanediol Market: Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

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