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 Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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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, or PDO, is like a clear, scent-free little molecule, kind of like a simple building block with the formula C3H8O2. Chemically speaking, it's a diol—specifically a glycol—which just means it has two alcohol groups (-OH) hanging off its three-carbon structure. What's cool is that we use this stuff to make all sorts of things, like durable polymers such as polytrimethylene terephthalate (PTT). It also works great as a solvent, antifreeze, and you'll even find it in your favorite cosmetic and personal care products. All these properties make it super useful for both industries and everyday items. You'll find it popping up in everything from pharmaceuticals to antifreeze to cosmetics and beyond! Because of its high boiling point, low toxicity, and how well it mixes with other chemicals, PDO is really crucial for being able to quickly respond and handle things during emergencies.

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?

Think of it this wayif you can find a cheaper substitute, it can really shake things up for 1,3-propanediol (PDO). PDO, which is a key ingredient in making things like polymers, cosmetics, and those personal care items we all use, has to compete with other diols. You know, things like 1,2-propanediol (propylene glycol) and ethylene glycol. The thing is, these alternatives are easier to find and often cost less. They can do pretty much the same job in many areas, like working as solvents, antifreeze, and even building blocks for polymers. So, when companies are trying to save money, they might just go for the cheaper stuff, which means less demand for PDO, especially if the market is really price-conscious or if PDO's special qualities aren't a big deal.

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?

Hey, so it looks like the market for bio-based 1,3-Propanediol (1,3-PDO) is really taking off! Why? Well, more and more consumers and companies want eco-friendly stuff. As we all become more aware of environmental problems, like climate change, people are searching for alternatives to traditional petroleum-based products. Bio-based 1,3-PDO, which comes from renewable resources like maize sugar, offers a more sustainable option compared to the stuff made from oil. This shift is all about shrinking our carbon footprints and relying less on fossil fuels, fitting in with those bigger environmental goals. You'll find bio-based 1,3-PDO popping up in all sorts of industries, from textiles to plastics and even personal care products, showing a real trend towards greener choices.

It's all about going green, and a lot of that push comes from rules and what businesses are expected to do for the environment. Think stricter environmental laws and cool incentives from governments worldwide to use renewable stuff – it's nudging companies to get eco-friendly. Loads of firms are stepping up, setting big sustainability goals and even swapping in bio-based ingredients like bio-based 1,3-PDO into their supply chains. Turns out, this stuff doesn't just tick the boxes for regulations and business needs, but it can actually work as well as (or even better than!) the usual petroleum-based propanediol. And get thisit's being used to make eco-friendly polymers, biodegradable plastics, and even sustainable personal care products, showing how versatile it is. So, as this whole sustainability thing really takes off, expect demand for bio-based 1,3-PDO to soar, making the market bigger and helping build a greener industrial world. Pretty cool, right? And that's just the beginning.

Will the Stain Resistance, Durability, And Elasticity of Polytrimethylene Terephthalate (PTT) Production Drive Significant Demand for the 1,3 Propanediol (PDO) Market?

Because of how easy it is to keep clean, how long it lasts, and how flexible it is, polytrimethylene terephthalate (PTT) is expected to be really popular, which means good things for 1,3-propanediol (PDO) too. You see, PDO is a key ingredient in making PTT, a polymer known for its awesome traits. PTT has a special molecular structure that makes it super resistant to stains – perfect for things like carpets and fabrics where you want something easy to care for. That's exactly what people want these daysfabrics that don't need a lot of work but still perform great, boosting the demand for PTT and, of course, PDO. But that’s not all! PTT’s toughness and give make it attractive to all sorts of industries. PTT fibers are super strong and bounce back well, so things made with them stay looking good for a long time. This makes PTT a great choice for car interiors, clothes, and furniture, where you need materials that can take a beating. Plus, PTT is really elastic, making it ideal for stretchy fabrics – which are all the rage in activewear and sportswear. As more and more people want high-performance materials like these, it naturally drives up the demand for PDO, since it's so vital in making PTT. So, as industries keep searching for materials that are both high-performing and sustainable, expect the market for PDO to grow big time, all thanks to the many uses 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.

Having these major producers around is a game-changer because they can build huge distribution networks and keep the supply chain steady. That means PDO gets to lots of different customers quickly. Plus, their factories are strategically placed in North America, making it easier to get raw materials and be close to the markets. This cuts down on shipping hassles and saves money. And guess what? These guys love to team up! They often make deals and partner with other businesses and even universities to dream up new ideas and find more ways to use PDO. This collaborative vibe not only sparks awesome technological advances, but it also makes the whole PDO industry in North America way more competitive, leading to even more growth!

Will The Growing Demand for Bio-Based Products in the Asia Pacific Region Propel the 1,3 Propanediol (PDO) Market?

The Asia-Pacific region's appetite for eco-friendly products is really fueling the 1,3-propanediol (PDO) market! It's all about folks becoming more aware of the environment and governments pushing to cut down on carbon footprints and embrace sustainable practices. You see governments all over the place passing rules to encourage the use of renewable stuff and things that break down naturally. So, companies are looking at bio-based compounds like 1,3-PDO – it's made by fermenting renewable resources like maize sugar. This 1,3-PDO from plants is considered a much better option for the environment compared to the stuff made from petrochemicals, which is exactly what the region wants as it tries to be more sustainable and consumers are opting for green products.

Asia-Pacific is booming! All this new industry and city growth is making everyone want more polymers, makeup, and those everyday personal care items – and guess what? They all use 1,3-PDO. It's like, everyone's got more money to spend, especially the growing middle class, so they're buying more of this stuff, which is making the demand for the eco-friendly, bio-based 1,3-PDO shoot up! This chemical is super important because it's used to make polytrimethylene terephthalate (PTT), a really useful polymer you find in fabrics, carpets, and even packaging. Plus, it's used as a solvent and antifreeze in personal care products, which makes it a goldmine in the cosmetics industry. Big players in the market are putting money into developing bio-based products and expanding production in Asia-Pacific, so the 1,3-PDO market is expected to explode. It's all thanks to the region's big push for 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 ATTRIBUTESDETAILS
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
  • Source
  • Application
  • End-Use Industry
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
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

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

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

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