As per the report published by the experts; the global 1,3-Propanediol (PDO) Market is estimated to reach US$ 776.3 million by 2022 with a CAGR of 5.8% during the forecast period. Increasing demand for polyesters for example Polytrimethylene Terephthalate (PTT) and growing infiltration of polyurethane through a number of end-use businesses are likely to be important motivating issues for global 1,3-Propanediol industry. Increasing uses of polyester through various businesses are expected to help more for the development.
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Key Players:
-
Zouping Mingxing Chemical Co., Ltd., Metabolic
Explorer, Shell Chemicals LP, Zhangjiagang Glory Biomaterial Co. Ltd
Growth Drivers:
The manufacturing of
1,3-Propanediol (PDO) can be done equally from both the sources, such as
petrochemical based and bio-based. Glycerol has been attaining importance as
the most important raw material for the production of 1,3-Propanediol (PDO).
Glycerol is manufactured from a by-product resulting out of biodiesel. Growing
production of biodiesel is likewise projected to take an optimistic effect on
the development of the market. A stable move in the direction of decreasing
dependence on petroleum products because of increasing concerns about the
environment and instability related to their pricing has encouraged the demand
for biodiesel. Consecutively, this is estimated to surely influence on the
development of the 1,3-Propanediol market.
Global 1,3-Propanediol (PDO) Application Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2012 - 2022)
• Polytrimethylene Terephthalate (PTT)
• Polyurethane (PU)
• Personal Care & Detergents
• Others
The global 1,3-PDO market can be
classified by Application and Region. By Application it can be classified as
Detergents & Personal Care, Polytrimethylene Terephthalate (PTT),
Polyurethane (PU), and others.
Regional Lookout:
By Region the global 1,3-PDO
industry can be classified as North America, Europe, Asia Pacific, Central
& South America, and Middle East & Africa. North America ruled the
global market for 1,3-Propanediol (PDO) with respect to estimation of the
market and demand. The region was responsible for the maximum share of the
global consumption during the historical year. Developing nations of Central
& South America and Asia Pacific are supposed to experience the uppermost
percentage of development during the period of forecast. The economies for
example Argentina, Brazil, India and China are projected to lead the
development of the provincial market. The economies like Argentina, Brazil,
Russia, and China are taking dedicated footsteps to decrease their necessity of
fossil fuel and inspire the manufacture of biodiesel. Encouraging directives or
rules about biodiesel in these nations are expected to pay to the greater
manufacture of glycerol and consecutively, support in the development.
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