Bio-Based 1,3-Propanediol Market Size to Expand Significantly at CAGR of 24.5% by the End of 2029 | Huafeng Group (DuPont), Tsing Da Zhi Xing, Zhangjiagang Meirong Chemical Industry Co., Ltd

Market Overview - According to QYResearch's new survey, global Bio-Based 1,3-Propanediol market is projected to reach US$ 2325.3 million in 2029, increasing from US$ 482.9 million in 2022, with the CAGR of 24.5% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Bio-Based 1,3-Propanediol market research.

Bio-based 1,3-propanediol (PDO), a colorless, odorless, hygroscopic, transparent viscous liquid, is widely used in cosmetics, pharmaceutical intermediates, PTT polyesters, coatings, lubricants, inks, fatty acid esters, acrylates and other fields. Its most important use is polymerization with terephthalic acid (PTA) to produce poly(propylene terephthalate) (PTT).

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The major global producers of bio-based 1,3-propanediol are DuPont, Tsing Da Zhi Xing, Zhangjiagang Meirong Chemical Industry Co., Ltd. and Jiangsu Shenghong (Suzhou Suzhen Biological Engineering Co., Ltd.), occupying more than 90% of the market share in total, among which the largest producer is Jiangsu Shenghong (Suzhou Suzhen Biological Engineering Co., Ltd.) In terms of its product categories, bio-based 1,3-propanediol prepared by glucose conversion method has a higher market share of over 90%, while biodiesel conversion method has a lower share. In terms of its applications, the PPT polyester industry is its top application area with a market share of nearly 80%; the cosmetics industry has a fast growing trend in size at 28.14%.

Bio-Based 1,3-Propanediol Market Competitive Landscape:

Huafeng Group (DuPont)
Tsing Da Zhi Xing
Zhangjiagang Meirong Chemical Industry Co., Ltd.
Jiangsu Shenghong (Suzhou Suzhen Biological Engineering Co., Ltd.)

Market Synopsis

Bio-Based 1,3-Propanediol market provides a brief overview and analysis of a specific market or industry. It serves as a concise summary that highlights key information, trends, and insights relevant to the market's current state and future prospects. A well-crafted Bio-Based 1,3-Propanediol market is essential for investors, businesses, and professionals seeking to understand market dynamics and make informed decisions.

Market Drivers:

Bio-Based 1,3-Propanediol Market drivers are factors that influence the overall performance and direction of a particular market or industry. They are the key forces that shape demand, supply, and pricing dynamics, and can significantly impact the success or failure of businesses operating within that market. Understanding Bio-Based 1,3-Propanediol market drivers are crucial for businesses to make informed decisions, devise effective strategies, and stay ahead of the competition. Here are some important Bio-Based 1,3-Propanediol market drivers that commonly influence various industries: Economic Factors, Technological Advancements, Demographic Changes, Competitive Landscape, Consumer Behavior and Trends.

These market drivers are interdependent and can vary across industries and regions. Successful businesses closely monitor these drivers, adapt to changes, and proactively align their strategies to capitalize on emerging opportunities while mitigating potential risks.

Market Restraints:

Bio-Based 1,3-Propanediol Market restraints, also known as Bio-Based 1,3-Propanediol market limitations or challenges, refer to the factors that hinder or impede the growth, development, or performance of a particular industry. These constraints can arise from various sources, including economic, regulatory, social, technological, and competitive factors. An understanding Bio-Based 1,3-Propanediol market restraint is essential for businesses and organizations to make informed decisions and develop effective strategies. Here are some common Bio-Based 1,3-Propanediol market restraints: Economic Factors, Regulatory and Legal Constraints, Technological Challenges, Competitive Pressures, Changing Consumer Preferences, Supply Chain Disruptions, Environmental and Sustainability Considerations, Market Volatility and Uncertainty, Limited Access to Capital.

It is important for businesses and organizations to carefully analyze and navigate these Bio-Based 1,3-Propanediol market restraints to identify opportunities, mitigate risks, and develop strategies that can lead to sustainable growth and success in their respective markets.

Market Trends:

This section identifies and analyzes the significant trends and developments shaping the Bio-Based 1,3-Propanediol market. It may include technological advancements, regulatory changes, consumer preferences, and emerging Bio-Based 1,3-Propanediol market opportunities. Understanding trends is crucial for predicting the market's future direction.

Bio-Based 1,3-Propanediol Market Segmentation

Segment by Type

Glucose Conversion
Biodiesel Conversion

Segment by Application

PTT Polyester
Cosmetic
Pharmaceutical
Other

Regional Insights

Asia-Pacific: The Asia-Pacific region dominates the Bio-Based 1,3-Propanediol market, driven by rapid industrialization in countries like China and India. The region benefits from low-cost labor, favourable government policies, and rising consumer demand.

North America: The North American Bio-Based 1,3-Propanediol market is characterized by technological advancements, a focus on sustainability, and the presence of key players. The United States leads in chemical production, with a strong emphasis on research and development.

Europe: Europe has a mature Bio-Based 1,3-Propanediol industry, with a focus on eco-friendly and sustainable practices. The region's stringent regulations drive innovation in green chemistry and bio-based materials.

Latin America and Middle East/Africa: These regions offer significant growth opportunities due to expanding industrial sectors, favorable investment policies, and increasing consumer demand.

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Bio-Based 1,3-Propanediol Market Key Drivers and Challenges:

Growing Demand: Increasing population, urbanization, and rising disposable incomes drive the demand for chemicals and materials across industries.

Technological Advancements: Innovative technologies, such as 3D printing, smart materials, and nanotechnology, are reshaping the chemicals and materials landscape.

Sustainability and Environmental Concerns: There is a growing emphasis on sustainable practices, renewable resources, and reducing the carbon footprint in the chemicals and materials industry.

Regulatory Landscape: Stringent regulations regarding safety, health, and environmental impact pose challenges for chemical manufacturers.

Supply Chain Disruptions: Volatile raw material prices, geopolitical tensions, and global events (e.g., the COVID-19 pandemic) can disrupt the supply chain and affect market dynamics.

Table of Content

1 Bio-Based 1,3-Propanediol Market Overview
1.1 Product Definition
1.2 Bio-Based 1,3-Propanediol Segment by Type
1.2.1 Global Bio-Based 1,3-Propanediol Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 Glucose Conversion
1.2.3 Biodiesel Conversion
1.3 Bio-Based 1,3-Propanediol Segment by Application
1.3.1 Global Bio-Based 1,3-Propanediol Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 PTT Polyester
1.3.3 Cosmetic
1.3.4 Pharmaceutical
1.3.5 Other
1.4 Global Market Growth Prospects
1.4.1 Global Bio-Based 1,3-Propanediol Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Bio-Based 1,3-Propanediol Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Bio-Based 1,3-Propanediol Production Estimates and Forecasts (2018-2029)
1.4.4 Global Bio-Based 1,3-Propanediol Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations

2 Market Competition by Manufacturers
2.1 Global Bio-Based 1,3-Propanediol Production Market Share by Manufacturers (2018-2023)
2.2 Global Bio-Based 1,3-Propanediol Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Bio-Based 1,3-Propanediol, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Bio-Based 1,3-Propanediol Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Bio-Based 1,3-Propanediol Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Bio-Based 1,3-Propanediol, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Bio-Based 1,3-Propanediol, Product Offered and Application
2.8 Global Key Manufacturers of Bio-Based 1,3-Propanediol, Date of Enter into This Industry
2.9 Bio-Based 1,3-Propanediol Market Competitive Situation and Trends
2.9.1 Bio-Based 1,3-Propanediol Market Concentration Rate
2.9.2 Global 5 and 10 Largest Bio-Based 1,3-Propanediol Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion

3 Bio-Based 1,3-Propanediol Production by Region
3.1 Global Bio-Based 1,3-Propanediol Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Bio-Based 1,3-Propanediol Production Value by Region (2018-2029)
3.2.1 Global Bio-Based 1,3-Propanediol Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Bio-Based 1,3-Propanediol by Region (2024-2029)
3.3 Global Bio-Based 1,3-Propanediol Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Bio-Based 1,3-Propanediol Production by Region (2018-2029)
3.4.1 Global Bio-Based 1,3-Propanediol Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Bio-Based 1,3-Propanediol by Region (2024-2029)
3.5 Global Bio-Based 1,3-Propanediol Market Price Analysis by Region (2018-2023)
3.6 Global Bio-Based 1,3-Propanediol Production and Value, Year-over-Year Growth
3.6.1 China Bio-Based 1,3-Propanediol Production Value Estimates and Forecasts (2018-2029)

4 Bio-Based 1,3-Propanediol Consumption by Region
4.1 Global Bio-Based 1,3-Propanediol Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Bio-Based 1,3-Propanediol Consumption by Region (2018-2029)
4.2.1 Global Bio-Based 1,3-Propanediol Consumption by Region (2018-2023)
4.2.2 Global Bio-Based 1,3-Propanediol Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Bio-Based 1,3-Propanediol Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Bio-Based 1,3-Propanediol Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Bio-Based 1,3-Propanediol Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Bio-Based 1,3-Propanediol Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Bio-Based 1,3-Propanediol Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Bio-Based 1,3-Propanediol Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Bio-Based 1,3-Propanediol Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Bio-Based 1,3-Propanediol Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey

5 Segment by Type
5.1 Global Bio-Based 1,3-Propanediol Production by Type (2018-2029)
5.1.1 Global Bio-Based 1,3-Propanediol Production by Type (2018-2023)
5.1.2 Global Bio-Based 1,3-Propanediol Production by Type (2024-2029)
5.1.3 Global Bio-Based 1,3-Propanediol Production Market Share by Type (2018-2029)
5.2 Global Bio-Based 1,3-Propanediol Production Value by Type (2018-2029)
5.2.1 Global Bio-Based 1,3-Propanediol Production Value by Type (2018-2023)
5.2.2 Global Bio-Based 1,3-Propanediol Production Value by Type (2024-2029)
5.2.3 Global Bio-Based 1,3-Propanediol Production Value Market Share by Type (2018-2029)
5.3 Global Bio-Based 1,3-Propanediol Price by Type (2018-2029)

6 Segment by Application
6.1 Global Bio-Based 1,3-Propanediol Production by Application (2018-2029)
6.1.1 Global Bio-Based 1,3-Propanediol Production by Application (2018-2023)
6.1.2 Global Bio-Based 1,3-Propanediol Production by Application (2024-2029)
6.1.3 Global Bio-Based 1,3-Propanediol Production Market Share by Application (2018-2029)
6.2 Global Bio-Based 1,3-Propanediol Production Value by Application (2018-2029)
6.2.1 Global Bio-Based 1,3-Propanediol Production Value by Application (2018-2023)
6.2.2 Global Bio-Based 1,3-Propanediol Production Value by Application (2024-2029)
6.2.3 Global Bio-Based 1,3-Propanediol Production Value Market Share by Application (2018-2029)
6.3 Global Bio-Based 1,3-Propanediol Price by Application (2018-2029)

7 Key Companies Profiled
7.1 Huafeng Group (DuPont)
7.1.1 Huafeng Group (DuPont) Bio-Based 1,3-Propanediol Corporation Information
7.1.2 Huafeng Group (DuPont) Bio-Based 1,3-Propanediol Product Portfolio
7.1.3 Huafeng Group (DuPont) Bio-Based 1,3-Propanediol Production, Value, Price and Gross Margin (2018-2023)
7.1.4 Huafeng Group (DuPont) Main Business and Markets Served
7.1.5 Huafeng Group (DuPont) Recent Developments/Updates
7.2 Tsing Da Zhi Xing
7.2.1 Tsing Da Zhi Xing Bio-Based 1,3-Propanediol Corporation Information
7.2.2 Tsing Da Zhi Xing Bio-Based 1,3-Propanediol Product Portfolio
7.2.3 Tsing Da Zhi Xing Bio-Based 1,3-Propanediol Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Tsing Da Zhi Xing Main Business and Markets Served
7.2.5 Tsing Da Zhi Xing Recent Developments/Updates
7.3 Zhangjiagang Meirong Chemical Industry Co., Ltd.
7.3.1 Zhangjiagang Meirong Chemical Industry Co., Ltd. Bio-Based 1,3-Propanediol Corporation Information
7.3.2 Zhangjiagang Meirong Chemical Industry Co., Ltd. Bio-Based 1,3-Propanediol Product Portfolio
7.3.3 Zhangjiagang Meirong Chemical Industry Co., Ltd. Bio-Based 1,3-Propanediol Production, Value, Price and Gross Margin (2018-2023)
7.3.4 Zhangjiagang Meirong Chemical Industry Co., Ltd. Main Business and Markets Served
7.3.5 Zhangjiagang Meirong Chemical Industry Co., Ltd. Recent Developments/Updates
7.4 Jiangsu Shenghong (Suzhou Suzhen Biological Engineering Co., Ltd.)
7.4.1 Jiangsu Shenghong (Suzhou Suzhen Biological Engineering Co., Ltd.) Bio-Based 1,3-Propanediol Corporation Information
7.4.2 Jiangsu Shenghong (Suzhou Suzhen Biological Engineering Co., Ltd.) Bio-Based 1,3-Propanediol Product Portfolio
7.4.3 Jiangsu Shenghong (Suzhou Suzhen Biological Engineering Co., Ltd.) Bio-Based 1,3-Propanediol Production, Value, Price and Gross Margin (2018-2023)
7.4.4 Jiangsu Shenghong (Suzhou Suzhen Biological Engineering Co., Ltd.) Main Business and Markets Served
7.4.5 Jiangsu Shenghong (Suzhou Suzhen Biological Engineering Co., Ltd.) Recent Developments/Updates

8 Industry Chain and Sales Channels Analysis
8.1 Bio-Based 1,3-Propanediol Industry Chain Analysis
8.2 Bio-Based 1,3-Propanediol Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Bio-Based 1,3-Propanediol Production Mode & Process
8.4 Bio-Based 1,3-Propanediol Sales and Marketing
8.4.1 Bio-Based 1,3-Propanediol Sales Channels
8.4.2 Bio-Based 1,3-Propanediol Distributors
8.5 Bio-Based 1,3-Propanediol Customers

9 Bio-Based 1,3-Propanediol Market Dynamics
9.1 Bio-Based 1,3-Propanediol Industry Trends
9.2 Bio-Based 1,3-Propanediol Market Drivers
9.3 Bio-Based 1,3-Propanediol Market Challenges
9.4 Bio-Based 1,3-Propanediol Market Restraints

10 Research Finding and Conclusion

11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

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Conclusion: The chemicals and materials industry continues to evolve, driven by technological advancements, sustainability initiatives, and changing consumer demands. Market players need to stay agile, embrace innovation, and address environmental concerns to capitalize on the growth opportunities while navigating challenges in this dynamic and vital sector.

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