(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Sep 15, 2022, 04:48 /Comserve / -- Key Companies Covered in the 1,3-Propanediol (PDO) Market Research Report Are Dupont, Tate & Lyle Bio Products Company, Haihang Industry Co., Ltd and other key market players.
1,3-Propanediol is an organic compound manufactured through fermentation of biobased feedstock such as corn sugar, crude glycerol etc. Conventionally, The global 1,3-propanediol market is estimated to reach $621.2 million by 2031 growing at a CAGR of 10.4% from 2022. This report on 1,3-Propanediol market covers all major regions such as Asia-Pacific (APAC), Americas, and Europe, Middle East & Africa (EMEA). The report analyzes market trends and forecasts from 2022 to 2031. Market estimations have been provided in terms of consumption volume (tons) and market revenue (USD). The global as well as regional markets have been segmented by applications such as polytrimethylene terephthalate (PTT), polyurethane, cosmetics, personal care and cleaning products, and others.
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The report analyzes the market dynamics such as drivers, restraints, and opportunities, and winning imperatives. Major companies such as DuPont Tate & Lyle, and Metabolic Explorer have been profiled in this report. The report also provide the analysis of competitive landscape based on the recent developments in the market.
For this report, various secondary sources such as chemical magazines, encyclopedia, directories, technical handbooks, company annual reports, industry association publications, articles, trade websites, and databases have been referred to identify and collect information useful for this extensive commercial study of global 1,3-Propanediol market. The primary sources - experts from related industries and suppliers – have been interviewed to obtain and verify critical information as well as to assess the future prospects and market estimations.
The 1,3-Propanediol market which is currently dominated by a single manufacturer is expected to witness entry of new players in the near future. At present, DuPont Tate & Lyle is the only bulk producer with manufacturing facility in the U.S. There are some other China-based companies, currently producing at insignificantly small scale, likely to increase their capacities by 2031.
1,3-PDO has wide range of applications from carpet and textile manufacturing to cosmetics, personal, and home care industry. It is potential substitute for propylene glycol, 1,4-butanediol (BDO), and butylene glycol in number of applications.
Polytrimethylene terephthalate (PTT) is the largest application of 1,3-propanediol. Majority of 1,3-PDO produced by DuPont Tate & Lyle is utilized in production of PTT by DuPont. Mohawk Industries is one of the major buyers of DuPont's Sorona PTT for manufacture of carpet. Properties of PTT make it a good alternative for PET, PBT and some polyamides in carpet and textile applications. Companies which are entering into the 1,3-PDO market are also looking forward to vertically integrate for PTT production.
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In future, most of the companies will establish their manufacturing plants in China. Growing markets of Asia-Pacific region, low cost of raw material and labor are attracting companies toward China.
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