1,3 Propanediol (PDO) Market By Source (Bio-Based 1,3-Propanediol, Petroleum-Based 1,3-Propanediol) Application (Polytrimethylene Terephthalate (PTT) Production, Polyurethane Production, Personal Care and Cosmetics) End-Use Industry (Textiles and Apparel, Automotive, Packaging, Cosmetics and Personal Care) & Region for 2024-2031
Published on: 2024-08-13 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
1,3 Propanediol (PDO) Market By Source (Bio-Based 1,3-Propanediol, Petroleum-Based 1,3-Propanediol) Application (Polytrimethylene Terephthalate (PTT) Production, Polyurethane Production, Personal Care and Cosmetics) End-Use Industry (Textiles and Apparel, Automotive, Packaging, Cosmetics and Personal Care) & Region for 2024-2031
1,3 Propanediol (PDO) Market Valuation – 2024-2031
The 1,3 propanediol (PDO) market’s increasing demand is ascribed to the growth in polytrimethylene terephthalate demand across a number of end-use industries, including cleaning supplies, cosmetics, and personal hygiene. Market demand for 1,3 propanediol (1,3 PDO) is anticipated to be fuelled by consumers’ growing inclination toward bio-based goods. Market expansion is expected to be further supported by the growing consumer acceptance of bio-based goods across various end-use industries. The market size surpass USD 594.47 Million valued in 2024 to reach a valuation of around USD 1314.21 Million by 2031.
One essential bio-based raw material used in the synthesis of 1,3-propanediol is crude glycerol, a byproduct of the manufacturing of biodiesel. The increased demand for biodiesel is evident in many locations because of government rules that encourage blending it with conventional fuel. Several countries, notably Brazil, China, the United States, and several EU members, have strict rules in place to encourage the mixing of biodiesel and reduce dependency on fossil fuels. The rising demand for biodiesel is enabling the market grow at a CAGR of 11.50% from 2024 to 2031.
1,3 Propanediol (PDO) MarketDefinition/ Overview
1,3-Propanediol is a colorless and odorless organic molecule with the chemical formula C3H8O2. It is a diol, more particularly a glycol, with two hydroxyl groups (-OH) connected to a three-carbon backbone. This substance is used in the manufacture of polymers such as polytrimethylene terephthalate (PTT), as a solvent, antifreeze, and in the formulation of cosmetic and personal care products. Its qualities make it a versatile substance for industrial and commercial use. This finds use in a wide range of products, including pharmaceuticals, antifreeze, solvents, cosmetics, and more. PDO is vital for quick response and mitigation efforts in emergency situations because of its qualities, which include a high boiling point, low toxicity, and compatibility with other chemicals.
The market for 1,3 propanediol is growing, and one of the main factors driving this expansion is the increasing desire for sustainable alternatives. This need is closely related to a global paradigm shift in favor of ecologically friendly practices and increased consciousness of the effects industrial activities have on the environment. There is growing pressure on industries to adopt more environmentally friendly solutions that lower their carbon footprint as the globe struggles with climate change and environmental damage. Because of its environmentally beneficial qualities and renewable source, 1,3 propanediol stands out as a significant factor in this situation.
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Will the High Demand for Environment Friendly, Bio-Based Products Drive the 1,3 Propanediol (PDO) Market?
The growing demand for eco-friendly, bio-based products is projected to drive the 1,3-propanediol (PDO) market. As consumers and companies value sustainability, there is a growing demand for bio-based chemicals over petroleum-based alternatives. 1,3-Propanediol, generated from renewable resources such as corn sugar through fermentation methods, is a good fit for this trend. Its lower environmental impact when compared to standard petrochemical-derived glycols makes it an appealing option for manufacturers aiming to decrease their carbon footprint and provide greener products.
Furthermore, 1,3-Propanediol is adaptable and has applications in a variety of industries, which fuels its market expansion. PDO plays an important role in the manufacturing of polytrimethylene terephthalate (PTT), a high-performance polymer used in textiles, carpets, and packaging. The textile industry, in particular, is experiencing an increase in demand for sustainable materials, prompting manufacturers to choose bio-based alternatives such as PDO. Furthermore, its usage as a solvent and antifreeze in personal care goods and cosmetics corresponds to the growing consumer desire for natural and environmentally friendly components.
As regulatory agencies around the world demand higher environmental regulations, the usage of bio-based PDO is expected to grow, increasing its commercial potential. The convergence of sustainability trends, legislative support, and broad application potential highlights the considerable growth opportunities for the 1,3-propanediol market.
Will the Availability of Substitutes at Comparatively Low-Cost Impact the Demand for the 1,3 Propanediol (PDO) Market?
The availability of lower-cost replacements can have a substantial impact on market demand for 1,3-propanediol (PDO). PDO, a key raw ingredient used in the production of polymers, cosmetics, and personal care items, competes with other diols like as 1,2-propanediol (propylene glycol) and ethylene glycol, which are more commonly available and often less expensive. These alternatives can perform similar functions in a variety of applications, including solvents, antifreeze agents, and polymer intermediates. When manufacturers look for cost-effective alternatives, they may choose lower-cost competitors, reducing demand for PDO, particularly in price-sensitive markets or applications where the specific benefits of PDO are not critical.
The impact of substitutes on PDO demand is also determined by the specific features and benefits that PDO provides that alternatives may not have. For example, PDO made using bio-based techniques, such as corn sugar, is sold as a sustainable and environmentally beneficial option, appealing to businesses and consumers concerned with sustainability and carbon footprint reduction. This specific advantage has the potential to sustain or possibly increase demand for PDO in areas where environmental concerns take precedence over higher costs.
Furthermore, PDO’s superior performance qualities in specific applications, such as increased durability and resilience in polymers, may make it a favored choice despite the availability of cheaper competitors. While lower-cost alternatives may influence PDO demand, PDO’s unique features and sustainability credentials can help it retain significant market share in specific segments.
Category-Wise Acumens
Will the Increasing Consumer and Industry Demand for Sustainable and Eco-Friendly Products Drive the Bio-Based 1,3-Propanediol Segment Market?
The growing consumer and industry demand for environmentally friendly products is expected to considerably drive the bio-based 1,3-Propanediol (1,3-PDO) segment market. As worldwide awareness of environmental issues like climate change and resource depletion rises, consumers and manufacturers are actively looking for alternatives to petroleum-based products. Bio-based 1,3-PDO, obtained from renewable resources like maize sugar, is a more sustainable alternative to its petrochemical equivalent. This move is motivated by the need to minimize carbon footprints and reliance on fossil fuels, which aligns with larger environmental aims. The use of bio-based 1,3-PDO in a variety of industries, including textiles, plastics, and personal care, demonstrates a strong market trend toward greener products.
Regulatory policies and business environmental obligations are fueling this movement. Governments around the world are enacting stronger environmental restrictions and incentives for using renewable resources, encouraging businesses to embrace eco-friendly operations. In response, several firms have set lofty sustainability goals, incorporating bio-based components into their supply chains. Bio-based 1,3-PDO not only meets regulatory and business standards but also performs comparably, if not better, than typical petroleum-derived propanediol. Its uses in the production of eco-friendly polymers, biodegradable plastics, and sustainable personal care products demonstrate its versatility and expanding market potential. As these sustainability measures gain traction, demand for bio-based 1,3-PDO is likely to increase, fueling growth in this market and contributing to a more sustainable industrial ecosystem.
Will the Stain Resistance, Durability, And Elasticity of Polytrimethylene Terephthalate (PTT) Production Drive Significant Demand for the 1,3 Propanediol (PDO) Market?
The stain resistance, durability, and flexibility of polytrimethylene terephthalate (PTT) manufacture are predicted to promote strong demand for 1,3-propanediol (PDO). PTT, a polymer noted for its remarkable characteristics, is produced with PDO as a main raw element. PTT’s unusual molecular structure provides outstanding stain resistance, making it an excellent choice for applications such as carpets and fabrics where ease of care is a key selling point. This advantage is consistent with consumer preferences for low-maintenance, high-performance fabrics, increasing demand for PTT and, consequently, PDO.PTT’s durability and elasticity make it more appealing to a variety of industries. PTT fibers’ strong tensile strength and resilience guarantee that items maintain their shape and look over time. This makes PTT ideal for usage in automobile interiors, clothes, and home furnishings where material durability is important. Furthermore, PTT’s great elasticity makes it ideal for usage in stretchable fabrics, which are becoming increasingly popular in activewear and sportswear. The expanding market for such high-performance materials has a direct impact on PDO demand, as it is a crucial component in PTT manufacture. As industries continue to pursue sophisticated materials that match customer expectations for performance and sustainability, the market for PDO is projected to expand significantly, driven by the diverse applications of PTT.
PDO’s eco-friendliness, particularly when generated from renewable resources, contributes to its increased demand. With growing awareness and regulatory demands on sustainability, firms are looking for greener alternatives to traditional petrochemical-based products. PDO manufactured by bio-based techniques is consistent with these sustainability goals, which further encourages its use in the development of environmentally friendly PTT. This transition not only supports the growing demand for PTT, but it also exemplifies the broader trend toward sustainable industrial operations.
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Country/Region-wise Acumens
Will the Presence of Major Manufacturers in North America Accelerate the Growth in the 1,3 Propanediol (PDO) Market?
PDO’s eco-friendliness, particularly when generated from renewable resources, contributes to its increased demand. With growing awareness and regulatory demands on sustainability, firms are looking for greener alternatives to traditional petrochemical-based products. PDO manufactured by bio-based techniques is consistent with these sustainability goals, which further encourages its use in the development of environmentally friendly PTT. This transition not only supports the growing demand for PTT but also exemplifies the broader trend toward sustainable industrial operations.
The substantial presence of these big producers allows for extensive distribution networks and stable supply chains, guaranteeing that PDO reaches a diverse variety of end customers efficiently. The strategic location of production facilities in North America facilitates access to raw materials and proximity to key markets, lowering logistical hurdles and costs. Furthermore, these manufacturers frequently form strategic agreements and collaborations with other industries and academic organizations, stimulating innovation and broadening the potential applications of PDO. This collaborative ecosystem not only encourages technological breakthroughs, but it also increases the overall competitiveness of the PDO industry in North America, boosting its expansion.
Will The Growing Demand for Bio-Based Products in the Asia Pacific Region Propel the 1,3 Propanediol (PDO) Market?
The increasing demand for bio-based goods in the Asia-Pacific region is expected to drive the 1,3-propanediol (PDO) market. This trend is being pushed by rising environmental awareness and governmental requirements to minimize carbon footprints and implement sustainable practices. Governments throughout the region are enacting policies to promote the use of renewable resources and biodegradable materials. As a result, companies are turning to bio-based compounds like 1,3-PDO, which is produced through fermentation processes from renewable sources such as maize sugar. This bio-based 1,3-PDO is seen as an environmentally benign alternative to its petrochemical counterpart, in line with the region’s sustainability objectives and consumer preferences for green products.
The Asia-Pacific area is rapidly industrializing and urbanizing, which is driving up demand for polymers, cosmetics, and personal care products, all of which use 1,3-PDO. The region’s growing middle class and rising disposable incomes are driving consumption of these items, raising demand for bio-based 1,3-PDO. The chemical is a key component in the manufacture of polytrimethylene terephthalate (PTT), a versatile polymer used in fabrics, carpets and packaging. Furthermore, its use as a solvent and antifreeze in personal care products makes it extremely lucrative in the cosmetics business. With prominent market players investing in bio-based product developments and growing production capacity in Asia-Pacific, the 1,3-PDO market is likely to grow significantly, fuelled by the region’s strong push towards sustainable development and green chemistry.
Competitive Landscape
The 1,3 propanediol (PDO) market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the 1,3 propanediol (PDO) market include
- BASF SE
- Dow Chemical Company
- LyondellBasell Industries Holdings N.V.
- Shell Chemicals
- Ineos Group
- Solvay SA
- Mitsubishi Chemical Corporation
- Evonik Industries AG
- Braskem S.A.
- Sipchem
Latest Developments
- In February 2023, Huntsman International LLC stated that it would introduce three new products at the European Coatings Show. Among the new goods slated to be released during the exhibition are a novel mono-polyether amine called JEFFAMINE M-3085 and a unique polyurethane system for intumescent coating called POLYRESYST IC6005.
- In September 2022, Covation Biomaterials and Primient, a plant-based manufacturer of 1,3-propanediol, announced their partnership in Primient’s Sustainable Agriculture Program. Their participation helps corn farmers in the U.S. Midwest adopt sustainable and regenerative farming methods on a scale corresponding to 100% of corn’s agricultural footprint used in making their plant-based products, namely Zemea PDO, Susterra PDO, and Sorona polymer.
- In October 2021, Ashland launched Sensidin Pure Skin Multifunctional, a new deodorant, with powerful and rapid efficacy against odor-causing bacteria. The new product comprises 1,3-Propanediol, a well-known natural solvent and humectant, and the potent antibacterial agent octenidine HCl.
Report Scope
REPORT ATTRIBUTES | DETAILS |
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STUDY PERIOD | 2021-2031 |
Growth Rate | CAGR of ~11.50% from 2024 to 2031 |
Base Year for Valuation | 2024 |
Historical Period | 2021-2023 |
Forecast Period | 2024-2031 |
Quantitative Units | Value in USD Million |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
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Regions Covered |
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Key Players | BASF SE, Dow Chemical Company, LyondellBasell Industries Holdings N.V., Shell Chemicals, Ineos Group, Solvay SA, Mitsubishi Chemical Corporation, Evonik Industries AG, Braskem S.A., Sipchem |
Customization | Report customization along with purchase available upon request |
1,3 Propanediol (PDO) Market, By Category
Source
- Petroleum-Based 1,3-Propanediol
- Bio-Based 1,3-Propanediol
Application
- Polytrimethylene Terephthalate (PTT) Production
- Polyurethane Production
- Personal Care and Cosmetics
- Engine Coolants and Deicing Fluids
- Food and Pharmaceuticals
- Industrial Applications
End-Use Industry
- Textiles and Apparel
- Automotive
- Packaging
- Cosmetics and Personal Care
- Pharmaceuticals
- Construction
Region
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market