1,3-Propanediol (PDO) Market

1,3-Propanediol (PDO) Market by Application (Polytrimethylene terephthalate (PTT), Cosmetics, Personal Care & Cleaning Products, Polyurethane (PU)) and Region (Americas, APAC, Europe, Middle East & Africa (EMEA)) - Global Forecast to 2024

Report Code: CH 3091 Aug, 2019, by marketsandmarkets.com

[91 Pages Report] The 1,3-propanediol market size is projected to reach USD 870 million by 2024 from USD 490  million in 2019, at a CAGR of 12.2%. 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.  

1, 3-Propanediol Market, PDO Market

The PTT segment is projected to be the largest application of 1,3-propanediol during the forecast period.

The PTT application is projected to dominate the overall 1,3-propanediol market during the forecast period. The growing demand for PTT in various applications, such as carpets and apparel, due to its long-lasting, quick-drying, fade resistance, good stretch & recovery, and wrinkle resistance properties is driving its demand.

1, 3-Propanediol Market, PDO Market

Americas estimated to account for the largest share of the 1,3-propanediol market.

The Americas is expected to account for the largest share of the 1,3-propanediol during the forecast period, in terms of value. The presence of DuPont Tate & Lyle Bio Products Company, LLC, the largest manufacturer of 1,3-propanediol in the region has a positive impact on the market. In addition, growing demand for 1,3-propanediol in applications such as cosmetics, personal care, cleaning products, and PTT in the region is increasing the demand for 1,3-propanediol.

Key Market Players

The key market players profiled in the report include as DuPont Tate & Lyle Bio Products Company, LLC (US), Zhangjiagang Glory Biomaterial Co., Ltd. (China), Haihang Industry Company Ltd. (China), Hunan Rivers Bioengineering Co., Ltd. (China), Zouping Mingxing Chemical Co., Ltd. (China), Tokyo Chemical Industry Co., Ltd. (Japan), Zhangjiagang Huamei Biomaterial Co., Ltd. (China), and Merck KGgA (Germany), In addition, players such as METabolic EXplorer (France) and Sheng Hong Group Holdings Ltd. (China) who are planning to enter 1,3-propanediol market have also been profiled.

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 of 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.

Scope Of The Report

Report Metric

Details

  • Years considered for the study
  • 2017–2024
  • Base year considered
  • 2018
  • Forecast period
  • 2019–2024
  • Units considered
  • Value (USD million)
  • Segments covered
  • Application and region
  • Regions covered
  • APAC, Americas, and Europe, Middle East & Africa
  • Companies profiled
  • DuPont Tate & Lyle Bio Products Company, LLC (US), Zouping Mingxing Chemical Co., Ltd. (China),  Zhangjiagang Glory Biomaterial Co., Ltd. (China), Hunan Rivers Bioengineering Co., Ltd. (China), Haihang Industry Company Ltd. (China), Merck KGgA (Germany), Tokyo Chemical Industry Co., Ltd. (Japan), METabolic EXplorer (France), Sheng Hong Group Holdings Ltd. (China), and Zhangjiagang Huamei Biomaterial Co., Ltd. (China).

This report categorizes the global 1,3-propanediol market based on application and region.

On the basis of application, the 1,3-propanediol market has been segmented as follows:

  • Polytrimethylene terephthalate (PTT)
  • Polyurethane (PU)
  • Cosmetics, personal care, and cleaning products
  • Others

On the basis of region, the 1,3-propanediol market has been segmented as follows:

  • APAC
  • Americas
  • Europe, Middle East & Arica (EMEA)

Recent Developments

  • In May 2019, DuPont Tate & Lyle Bio Products Company, LLC (US), Corbion (Netherlands), INOLEX Inc. (US), and ACT Solutions Corp (US) collaborated to create a bio-based content formulation for personal care products. This partnership helped the company meet the growing demand for natural products.
  • In October 2018, DuPont Tate & Lyle Bio Products Company, LLC (US) opened a warehouse and distribution center in its manufacturing site in Loudon, Tennessee, US.
  • In March 2018, DuPont Tate & Lyle Bio Products Company, LLC (US) announced plans to increase its annual production of bio-based 1,3-propanediol by 35 million pounds at its manufacturing facility in Tennessee, US.
  • In October 2017, DuPont (US), INVISTA (US), and DuPont Tate & Lyle Bio Products Company, LLC entered into a partnership to develop a series of innovative and enhanced sustainable textile solutions for workwear and outdoor wear.

Key Questions addressed by the report

  • What are the major developments impacting the market?
  • Where will all the developments take the industry in the mid to long term?
  • What are the emerging applications of 1,3-propanediol?
  • What are the major factors impacting the market growth during the forecast period?
  • How is the demand for 1,3-propanediol growing in various application segments?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Units Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 15)
    2.1 Market Definition and Scope
    2.2 Base Number Calculation
           2.2.1 Supply Side Approach
                    2.2.1.1 Approach 1
                    2.2.1.2 Approach 2
           2.2.2 Demand Side Approach
    2.3 Forecast Number Calculation
           2.3.1 Market Forecast (Scenario 1)
           2.3.2 Market Forecast (Scenario 2)
    2.4 Market Engineering Process
           2.4.1 Bottom-Up Approach
           2.4.2 Top-Down Approach
    2.5 Assumptions
    2.6 Secondary Data
    2.7 Primary Data
           2.7.1 Breakdown of Primary Interviews
           2.7.2 Key Industry Insights

3 Executive Summary (Page No. - 22)

4 Premium Insights (Page No. - 24)
    4.1 Attractive Opportunities in the 1,3-Propanediol Market
    4.2 1,3-Propanediol Market, By Region
    4.3 Americas 1,3-Propanediol Market, By Application
    4.4 1,3-Propanediol Market, By Application

5 Market Overview (Page No. - 26)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 High Demand for Environment-Friendly, Bio-Based Products
                    5.3.1.2 Increasing Use in Resin Application
                    5.3.1.3 Growing Demand for PTT
           5.3.2 Restraints
                    5.3.2.1 Availability of Substitutes With Comparatively Lower Cost
           5.3.3 Opportunities
                    5.3.3.1 High Growth Potential in Emerging Economies
                    5.3.3.2 New Applications Areas of PDO
           5.3.4 Challenges
                    5.3.4.1 Lack of Awareness About the Benefits of 1,3-Propanediol in Industrial Application
    5.4 Patent Analysis
    5.5 Raw Material Analysis
           5.5.1 Glycerol
           5.5.2 Corn
    5.6 Porter’s Five Forces Analysis
           5.6.1 Threat of Substitutes
           5.6.2 Bargaining Power of Suppliers
           5.6.3 Bargaining Power of Buyers
           5.6.4 Threat From New Entrants
           5.6.5 Intensity of Competitive Rivalry

6 1,3-Propanediol Market, By Application (Page No. - 42)
    6.1 Introduction
    6.2 Polytrimethylene Terephthalate (PTT)
           6.2.1 Demand for 1,3-Propanediol in Ppt Application Driven By Apparel and Carpet Industry
    6.3 Cosmetics, Personal Care, and Cleaning Products
           6.3.1 Growing Demand for Natural and Innovative Products is Driving the Market in This Segment
    6.4 Polyurethane
           6.4.1 Growing Demand for Automobiles and Footwear Drivesthe Demand for PDO in Pu Application
    6.5 Others

7 1,3-Propanediol Market, By Region (Page No. - 58)
    7.1 Introduction
    7.2 Americas
           7.2.1 Presence of Biggest Manufacturer of Bio-Based PDO Supports Growth of the Market
    7.3 APAC
           7.3.1 The Growing Manufacturing of PTT in China to Drive the PDO Market
    7.4 Europe, Middle East & Africa
           7.4.1 PDO Market in Europe to Witness Highest Growth in Cosmetics, Personal Care, and Cleaning Products Application

8 Competitive Landscape (Page No. - 70)
    8.1 Overview
    8.2 Market Share Analysis
    8.3 Competitive Situation and Trends
           8.3.1 Expansion
           8.3.2 Innovation
           8.3.3 Partnership

9 Company Profile (Page No. - 73)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
    9.1 Dupont Tate & Lyle Bio Products Company, LLC
    9.2 Zhangjiagang Glory Biomaterial Co., Ltd.
    9.3 Zouping Mingxing Chemical Co., Ltd.
    9.4 Haihang Industry Co., Ltd.
    9.5 Hunan Rivers Bioengineering Co., Ltd.
    9.6 Merck KGgA
    9.7 Tokyo Chemical Industry Co., Ltd.
    9.8 Zhangjiagang Huamei Biomaterial Co., Ltd.
    9.9 METabolic Explorer
    9.10 Sheng Hong Group Holdings Ltd.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 

10 Appendix (Page No. - 86)
     10.1 Discussion Guide
     10.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     10.3 Available Customizations
     10.4 Related Reports
     10.5 Author Details


List of Tables (68 Tables)

Table 1 1,3-Propanediol: Physical & Chemical Properties
Table 2 Comparison of Fibers, By Properties
Table 3 Patents for PDO Production
Table 4 Patents for Use of PDO in Personal Care and Cosmetics Application
Table 5 Patents for Use of PDO in Other Applications
Table 6 Biodiesel Production, By Country, 2013–2016 (Kiloton)
Table 7 Corn Production and Consumption, By Country, 2018 (Million Tons)
Table 8 Corn Price, 2016–2018 (USD/Ton)
Table 9 Scenario 1: 1,3-Propanediol Market Size, By Application, 2017–2024 (Kiloton)
Table 10 Scenario 1: 1,3-Propanediol Market Size, By Application, 2017–2024 (USD Million)
Table 11 Scenario 2: 1,3-Propanediol Market Size, By Application, 2017–2024 (Kiloton)
Table 12 Scenario 2: 1,3-Propanediol Market Size, By Application, 2017–2024 (USD Million)
Table 13 Bio-Plastics vs Plastics Market Size, 2017–2024 (Kiloton)
Table 14 Recent Activities in 1,3-Propanediol Market in PTT Application
Table 15 Scenario 1: 1,3-Propanediol Market Size in PTT, 2017–2024 (Volume & Value)
Table 16 Scenario 2: 1,3-Propanediol Market Size in PTT, 2017–2024 (Volume & Value)
Table 17 Scenario 1: 1,3-Propanediol Market Size in PTT, By Region, 2017–2024 (Kiloton)
Table 18 Scenario 1: 1,3-Propanediol Market Size in PTT, By Region, 2017–2024 (USD Million)
Table 19 Scenario 2: 1,3-Propanediol Market Size in PTT, By Region, 2017–2024 (Kiloton)
Table 20 Scenario 2: 1,3-Propanediol Market Size in PTT, By Region, 2017–2024 (USD Million)
Table 21 Recent Activities in 1,3-Propanediol Market in Cosmetics, Personal Care, and Cleaning Products Application
Table 22 Scenario 1: 1,3-Propanediol Market Size in Cosmetics, Personal Care, and Cleaning Products, 2017–2024 (Volume & Value)
Table 23 Scenario 2: 1,3-Propanediol Market Size in Cosmetics, Personal Care, and Cleaning Products, 2017–2024 (Volume & Value)
Table 24 Scenario 1: 1,3-Propanediol Market Size in Cosmetics, Personal Care, and Cleaning Products, By Region, 2017–2024 (Kiloton)
Table 25 Scenario 1: 1,3-Propanediol Market Size in Cosmetics, Personal Care, and Cleaning Products, By Region, 2017–2024 (USD Million)
Table 26 Scenario 2: 1,3-Propanediol Market Size in Cosmetics, Personal Care and Cleaning Products, By Region, 2017–2024 (Kiloton)
Table 27 Scenario 2: 1,3-Propanediol Market Size in Cosmetics, Personal Care, and Cleaning Products, By Region, 2017–2024 (USD Million)
Table 28 Recent Activities in 1,3-Propanediol Market in Pu Application
Table 29 Scenario 1: 1,3-Propanediol Market Size in Pu, 2017–2024 (Volume & Value)
Table 30 Scenario 2: 1,3-Propanediol Market Size in Pu, 2017–2024 (Volume & Value)
Table 31 Scenario 1: 1,3-Propanediol Market Size in Pu, By Region, 2017–2024 (Kiloton)
Table 32 Scenario 1: 1,3-Propanediol Market Size in Pu, By Region, 2017–2024 (USD Million)
Table 33 Scenario 2: 1,3-Propanediol Market Size in Pu, By Region, 2017–2024 (Kiloton)
Table 34 Scenario 2: 1,3-Propanediol Market Size in Pu, By Region, 2017–2024 (USD Million)
Table 35 Recent Activities in 1,3-Propanediol Market in Other Applications
Table 36 Scenario 1: 1,3-Propanediol Market Size in Other Applications, 2017–2024 (Volume & Value)
Table 37 Scenario 2: 1,3-Propanediol Market Size in Other Applications, 2017–2024 (Volume & Value)
Table 38 Scenario 1: 1,3-Propanediol Market Size in Other Applications, By Region, 2017–2024 (Kiloton)
Table 39 Scenario 1: 1,3-Propanediol Market Size in Other Applications, By Region, 2017–2024 (USD Million)
Table 40 Scenario 2: 1,3-Propanediol Market Size in Other Applications, By Region, 2017–2024 (Kiloton)
Table 41 Scenario 2: 1,3-Propanediol Market Size in Other Applications, By Region, 2017–2024 (USD Million)
Table 42 Sceanrio 1: 1,3-Propanediol Market Size, 2017–2024 (Volume & Value)
Table 43 Sceanrio 2: 1,3-Propanediol Market Size, 2017–2024 (Volume & Value)
Table 44 Scenario 1: 1,3-Propanediol Market Size, By Region, 2017–2024 (Kiloton)
Table 45 Scenario 1: 1,3-Propanediol Market Size, By Region, 2017–2024 (USD Million)
Table 46 Scenario 2: 1,3-Propanediol Market Size, By Region, 2017–2024 (Kiloton)
Table 47 Scenario 2: 1,3-Propanediol Market Size, By Region, 2017–2024 (USD Million)
Table 48 Scenario 1: Americas 1,3-Propanediol Market Size, 2017–2024 (Volume & Value)
Table 49 Scenario 2: Americas 1,3-Propanediol Market Size, 2017–2024 (Volume & Value)
Table 50 Scenario 1: Americas 1,3-Propanediol Market Size, By Application, 2017–2024 (Kiloton)
Table 51 Scenario 1: Americas 1,3-Propanediol Market Size, By Application, 2017–2024 (USD Million)
Table 52 Scenario 2: Americas 1,3-Propanediol Market Size, By Application, 2017–2024 (Kiloton)
Table 53 Scenario 2: Americas 1,3-Propanediol Market Size, By Application, 2017–2024 (USD Million)
Table 54 Scenario 1: APAC 1,3-Propanediol Market Size, 2017–2024 (Volume & Value)
Table 55 Scenario 2: APAC 1,3-Propanediol Market Size, 2017–2024 (Volume & Value)
Table 56 Scenario 1: APAC 1,3-Propanediol Market Size, By Application, 2017–2024 (Kiloton)
Table 57 Scenario 1: APAC 1,3-Propanediol Market Size, By Application, 2017–2024 (USD Million)
Table 58 Scenario 2: APAC 1,3-Propanediol Market Size, By Application, 2017–2024 (Kiloton)
Table 59 Scenario 2: APAC 1,3-Propanediol Market Size, By Application, 2017–2024 (USD Million)
Table 60 Scenario 1: Emea 1,3-Propanediol Market Size, 2017–2024 (Volume & Value)
Table 61 Scenario 2: Emea 1,3-Propanediol Market Size, 2017–2024 (Volume & Value)
Table 62 Scenario 1: Emea 1,3-Propanediol Market Size, By Application, 2017–2024 (Kiloton)
Table 63 Scenario 1: Emea 1,3-Propanediol Market Size, By Application, 2017–2024 (USD Million)
Table 64 Scenario 2: Emea 1,3-Propanediol Market Size, By Application, 2017–2024 (Kiloton)
Table 65 Scenario 2: Emea 1,3-Propanediol Market Size, By Application, 2017–2024 (USD Million)
Table 66 Expansion, 2014–2019
Table 67 Innovation, 2014–2019
Table 68 Partnership, 2014–2019


List of Figures (27 Figures)

Figure 1 Market Segmentation
Figure 2 1,3-Propanediol Market: Bottom-Up Approach
Figure 3 1,3-Propanediol Market: Top-Down Approach
Figure 4 PTT Accounted for the Largest Share of the 1,3-Propanediol MarketIn 2018
Figure 5 Americas Accounted for the Largest Share of 1,3-Propanediol Market in 2018
Figure 6 Growing Demand for PTT to Drive the 1,3-Propanediol Market
Figure 7 APAC to Be the Fastest-Growing 1,3-Propanediol Market
Figure 8 PTT Accounted for the Largest Market Share in 2018
Figure 9 PTT Was the Largest Application of 1,3-Propanediol in Americas and APAC
Figure 10 1,3-Propandediol Production Trend: Increased Focus on Bioprocessing
Figure 11 Drivers, Restraints, Opportunities, and Challenges in the 1,3-Propanediol Market
Figure 12 Greenhouse Gas Emissions: Bio-Based PDO has Lowest Emission
Figure 13 Non-Renewable Energy Consumption: Bio-Based PDO Production has Lowest Energy Consumption
Figure 14 Threat of New Players Entering the 1,3-Propanediol Market Likely to Be Significant
Figure 15 PTT Application Segment to Lead the Overall 1,3-Propanediol Market
Figure 16 Manufacturing Process of Bio-PTT
Figure 17 Americas to Lead the 1,3-Propanediol Market in PTT Application
Figure 18 Emea to Lead the 1,3-Propanediol Market in Cosmetics, Personal Care, and Cleaning Products Application
Figure 19 APAC to Be the Fastest-Growing Market for 1,3-Propanediol in Pu Application
Figure 20 APAC to Be the Fastest-Growing Market for 1,3-Propanediol in Other Applications Segment
Figure 21 Americas to Be the Largest 1,3-Propanediol Market During the Forecast Period
Figure 22 Americas: 1,3-Propanediol Market Snapshot
Figure 23 APAC: 1,3-Propanediol Market Snapshot
Figure 24 Emea: 1,3-Propanediol Market Snapshot
Figure 25 Expansion Was the Key Growth Strategy Adopted By the Market Players Between 2014 and 2019
Figure 26 Dupont Tate & Lyle Bio Products Company, LLC: SWOT Analysis
Figure 27 Merck KGgA: Company Snapshot

The study involved four major activities for estimating the market size for 1,3-propanediol. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, sustainability report, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, United Nations Statistical Commission, National Corn Growers Association, and United States Department of Agriculture (USDA). Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives.

Primary Research

The 1,3-propanediol market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of polytrimethylene terephthalate (PTT); polyurethane (PU); cosmetics, personal care, cleaning products; and other applications. The supply side is characterized by advancements in technology and diverse end-use applications. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

The breakdown of profiles of the primary interviewees is illustrated in the figure below:

1, 3-Propanediol Market, PDO Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the 1,3-propanediol market. These methods were also used extensively to estimate the size of the market in each application. The research methodology used to estimate the market size includes the following:

The key players in the industry were identified through extensive secondary research.

  • The industry’s supply chain and market size, in terms of value and volume, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size&-using the market size estimation processes as explained above&-the market was split into several segments. To complete the overall market engineering process and arrive at the exact statistics of each segment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To analyze and forecast the size of the 1,3-propanediol market in terms of value and volume
  • To provide detailed information regarding key factors such as drivers, restraints, and opportunities influencing the growth of the market
  • To define, describe, and segment the 1,3-propanediol market based on application
  • To forecast the size of the market for regions such as APAC, the Americas, and Europe, Middle East & Africa
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To analyze competitive developments such as expansion, innovation, and partnership in the 1,3-propanediol market
  • To strategically profile key players and comprehensively analyze their core competencies

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or application

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Report Code
CH 3091
Published ON
Aug, 2019
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