Petrochemical-based sources and bio-based sources are used to synthesize 1,3-propanediol. As the main raw material for 1,3-propanediol production, glycerol has gained prominence over the past few years. During biodiesel processing, glycerol is developed as a by-product and growing production of biodiesel over the past few years is also expected to have a positive impact on market development. Increasing environmental concern regarding emission and rising government initiatives towards utilization of bio based sources are expected to open lucrative opportunities for 1,3-propanediol market.
Adroit Market Research study on the global market for 1,3 propanediol offers a holistic view of the industry from 2020 to 2028 as forecast period, including factors such as market drivers, limitations, opportunities, threats and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Prominent players in the global 1,3 propanediol market have been analyzed in depth.
In the global 1,3 Propanediol industry, North America hold strong position in 2019 and accounted for more than 40% of the overall market share. The regional market is expected to be driven by favorable government regulations, especially in Canada and United States to promote bio-based chemicals. Over the projected era, North America is expected to retain its lead position in the global 1,3 Propanediol industry. Growing automotive industry in China, Japan, India, and South Korea, coupled with rising construction spending in emerging economies is expected to drive 1,3 Propanediol market in Asia Pacific.
Companies considered in the global 1.3 Propanediol (PDO) market are Zouping Mingxing Chemical Co., Ltd., Metabolic Explorer, Zhangjiagang Glory Biomaterial Co. Ltd, DuPont Tate & Lyle Bio Products, Merck, Haihang Industry, Tokyo Chemical Industry, Sheng Hong Group Holdings Limited, Alfa Aesar, and Connect Chemicals. Initiatives have been taken by leading industry players to grow bio-based 1, 3-Propanediol with superior properties. Companies are constantly interested in strategies such as production expansion, facility expansion in emerging economies, mergers & acquisitions, and research & development, and long term contract with raw material suppliers to strengthen their market presence.
Key Segments of the Global 1,3-Propanediol (PDO) Market
End-Use Overview, 2018-2028 (USD Million)
- Synthetic Drugs
- Engineering Plastics
- Polytrimethylene Terephthalate
- Personal Care & Detergent
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America