Press release
1,3 Propanediol Market 2020 Is Estimated to Reach USD 1058.68 million By 2027 with Global Players Like - DuPont Tate & Lyle Bio Products; Zouping Mingxing Chemical Co. Ltd.; Merck KGaA; Alfa Aesar
1,3 Propanediol
Global 1,3-Propanediol (PDO) market is expected to rise to an estimated value of USD 1058.68 million by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rapid rise of bio-based product offerings from the various applicable end-users.
Market Definition: Global 1,3 Propanediol Market
1,3-Propanediol (PDO) is defined as an organic chemical compound that is utilized on a large-scale for a number of industrial production and research applications as it offers a number of benefits for its end-uses. This compound is produced organically from glycerol and its interactions with microorganisms in anaerobic conditions. It is chemically defined as CH₂(CH₂OH)₂, and is characteristically defined as being colorless liquid having complete mixing capability with water.
Market Drivers:
• High levels of uses and demands for PTT (Polytrimethylene Terephthalate); this factor is expected to drive the growth of the market
• Increasing levels of production for biodiesel will boost this market growth
• Growth of the application areas for polyester from the different industrial applications will also fuel the growth of this market
• Growing application areas of the product in resin production and associated applications; this factor is expected to propel this market growth
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The 1,3 Propanediol Market competitive landscape provides details by competitor. Details included are organization overview, company financials, revenue generated, Industry potential, investment in research and development, new 1,3 Propanediol Market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to 1,3 Propanediol Market.
Major Market Manufacturers Covered In The 1,3 Propanediol Market Are:
Few of the major competitors currently working in the global 1,3-Propanediol (PDO) market are DuPont Tate & Lyle Bio Products; Zouping Mingxing Chemical Co. Ltd.; Merck KGaA; Alfa Aesar, Thermo Fisher Scientific; Connect Chemicals; MakingCosmetics Inc.; trc-canada.com; Tokyo Chemical Industry Co., Ltd.; Metabolic Explorer among others.
Key Developments in the Market:
• In October 2018, DuPont Tate & Lyle Bio Products announced the inauguration of their new warehouse and distribution center situated near their manufacturing facility in Tennessee, United States. This center will help in provision of better service capability to their customers and meet the global demands for bio-based product offerings
• In March 2018, DuPont Tate & Lyle Bio Products announced that they had initiated the expansion of their manufacturing facility located in Tennessee, United States to extend their production of 1,3-Propanediol (PDO) by 35 million pounds annually. The facility will be completed by mid-2019 and this expansion is evident of the strategy of the company to enhance their operations while meeting the global demands of bio-based products from customers
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Key Benefits for 1,3 Propanediol Market:
• The report evaluates the key factors of drivers, restraints, and opportunities enabling strategic decision making with perceptive to identify the potential Market.
• The report evaluates the key factors of drivers, restraints, and opportunities enabling strategic decision making with perceptive to identify the potential Market.
• Basic Industry Overview and Global Market Development Policies and Plans
• Key Market players Profiling and the competitive outlook of the industry.
• Detailed Understanding and evaluation of the Present and Future Trends.
• Extensive analysis of the Market is conducted by following key product positioning and monitoring of the top manufacturers within the Market
Global 1,3 Propanediol Market Scope and Market Size
By Type
• Bio- Based PDO
• Petrochemical-Based PDO
By Application
• Polyurethane
o Foams
o Elastomers
o Coatings and Paint
• Personal Care Products
• Polytrimethylene Terephthalate (PTT)
o Carpeting
o Apparel
By End Users
• Synthetic Drugs
• Engineering Plastics
• Textile Dyeing and Finishing
• Others
Based on regions, the 1,3 Propanediol Market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America
Middle East and Africa (GCC Countries and Egypt)
North America (United States, Mexico, and Canada)
South America (Brazil, Argentina etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
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The report covers major aspects:
• Various economic factors that are significant in determining the 1,3 Propanediol Market trend, buying decisions and Market attractiveness are being analysed for Market estimation and forecasting.
• The analysis will support stakeholders such as manufacturers and distributors in identifying and capturing Markets with high potential.
• The study also discusses various environmental and regulatory factors critical for the 1,3 Propanediol Market growth.
Strategic Points Covered in Table of Content of Global 1,3 Propanediol Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope 1,3 Propanediol Market
Chapter 2: Exclusive Summary – the basic information of 1,3 Propanediol Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of Analytical Standards
Chapter 4: Presenting 1,3 Propanediol Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of 1,3 Propanediol Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
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