1,3-Propanediol (PDO) Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Global 1,3-Propanediol (PDO) Market
The global 3-Propanediol (PDO) market was valued at US$ 265.1 million in 2022 and is anticipated to reach US$ 419.6 million by 2029, witnessing a CAGR of 6.7% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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Although obstacles including a lack of knowledge about ecologically friendly products could limit market growth, rising polyester usage across several sectors is unquestionably propelling 1, 3 Propanediol Market expansion.

Trends Influencing the Growth of the Global 1,3-Propanediol (PDO) Market
Polyester's demand is expected to increase throughout the foreseeable time due to its variety of physical properties. Polyester is the most well-liked and often utilised material in the textile sector because to its versatility, affordability, and capacity for recycling. The benefits provided by these features are unmatched by those of any other natural or synthetic fibre. In addition to the textile industry, these polyesters are used in the home furnishings, automotive, construction, filtration, personal care, and hygiene industries. PTT is produced by using polyester 1,3-PDO. This element is anticipated to fuel the 1, 3 Propanediol Market's expansion.
It is predicted that the demand for 1,3-PDO will increase over the forecast period from a range of end-users, including the textile, construction, and automotive industries. As a result, several of the bigger companies are investing in cutting-edge, efficient technologies. Suppliers on the market are heavily investing in R&D to deliver modern, bio-based, and recyclable 1,3-PDO.
Suppliers are also investing in research and development to produce more bio-based raw materials and technology. Because there are several advantages to employing bio-based technologies over conventional ones, including low cost, decreased energy requirements, biodegradability of the product, and non-toxic processing. Investments in R&D are predicted to open up new applications for 1,3-PDO, which is anticipated to accelerate the growth of the 1,3-propanediol market throughout the forecast period.
Consumer tastes for products created from bio-based materials are gradually shifting across the globe. Due to increased consumer awareness, more stringent government regulations, and the depletion of traditional resources, businesses are now required to develop and market sustainable products. PDO is one such chemical with a high expected demand. Because it employs renewable feedstock, such as maize sugar and crude glycerin, bio-based PDO is more environmentally friendly.
1,3-Propanediol Market Share
North America holds a market share of over 70%, followed by China and Europe, each with market shares of about 18% and 5%. International producers of 1,3-propanediol include Shangdong Mingxing and DuPont.

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Key Segmentations
By Company
• DuPont
• Shangdong Mingxing
• Glory Biomaterial
• Metabolic-explorer
• Shell
• Degussa
Segment by Type
• Technical Grade PDO
• Pharmaceutical Grade PDO
Segment by Application
• PTT&Polyurethane
• Food&Pharmaceutical
• Cosmetic
• Other

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