Press release
1,3 Propanediol Market Expands as Demand for Sustainable Alternatives Grows
Data Bridge Market Research analyses that the Global 1,3 Propanediol Market which was USD 544.5 Million in 2021 is expected to reach USD 1167.18 Million by 2029 and is expected to undergo a CAGR of 10.00% during the forecast period of 2021 to 2029
1,3 Propanediol Market research report provides a comprehensive analysis of the market. The report aims to provide insights into 1,3 Propanediol Market trends, growth opportunities, key drivers and challenges, competitive landscape, and other crucial factors that may impact the market in the forecast period (2024-2031).
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Which are the top companies operating in the 1,3 Propanediol Market?
The study report on the Global 1,3 Propanediol Market offers a comprehensive analysis of the industry, highlighting key trends, market dynamics, and competitive landscape. It profiles prominent organizations operating in the market, examining their successful strategies and market share contributions. This 1,3 Propanediol Market report provides the information of the Top 10 Companies in 1,3 Propanediol Market in the market their business strategy, financial situation etc.
**Segments**
- By Application: The 1,3 Propanediol market can be segmented based on applications into Polytrimethylene Terephthalate (PTT), Polyurethane (PU), Personal Care & Detergents, Engine Coolants, Deicing Fluids, Food, Pharmaceuticals, and others. The increasing demand for bio-based products in various industries such as textiles, automotive, cosmetics, and pharmaceuticals is driving the growth in these segments. Polytrimethylene Terephthalate, in particular, is witnessing significant demand due to its use in the production of fibers for textiles and carpets.
- By End-Use Industry: The market can also be segmented by end-use industry, including Textiles, Automotive, Cosmetics & Personal Care, Food & Beverage, Pharmaceuticals, and others. The textile industry is a major consumer of 1,3 Propanediol, especially in the manufacturing of eco-friendly fibers. In the automotive sector, the use of 1,3 Propanediol in engine coolants and deicing fluids is propelling market growth. The cosmetics and personal care industry is utilizing this compound for its moisturizing and solvent properties.
- By Production Process: Another significant segmentation factor is the production process of 1,3 Propanediol, which includes Bio-Based and Synthetic. The shift towards bio-based production methods is gaining traction due to environmental concerns and the push for sustainable practices. Bio-based 1,3 Propanediol is derived from renewable resources such as corn sugar and offers a more eco-friendly alternative to traditional synthetic production methods.
**Market Players**
- DuPont Tate & Lyle Bio Products
- Metabolic Explorer
- Zibo Changyue Materials Technology Co., Ltd.
- Haihang Industry Co., Ltd
- Merck KGaA
- Tokyo Chemical Industry Co., Ltd
- Santa Cruz Biotechnology, Inc.
- Thermo Fisher Scientific
- Merck KGaA
The global 1The market for 1,3 Propanediol is witnessing significant growth across various segments driven by the increasing demand for bio-based products in industries such as textiles, automotive, cosmetics, and pharmaceuticals. In terms of applications, the segments include Polytrimethylene Terephthalate (PTT), Polyurethane (PU), personal care & detergents, engine coolants, deicing fluids, food, pharmaceuticals, and other applications. Among these, Polytrimethylene Terephthalate stands out due to its high demand for the production of fibers used in textiles and carpets. This segment is expected to continue growing as the demand for eco-friendly materials increases in the textile industry. The automotive sector is also a key segment, utilizing 1,3 Propanediol in engine coolants and deicing fluids, further boosting market growth.
Considering the end-use industries, the market can be segmented into textiles, automotive, cosmetics & personal care, food & beverage, pharmaceuticals, and other industries. The textile industry is a major consumer of 1,3 Propanediol, especially for eco-friendly fiber production. The automotive sector is adopting this compound in various applications such as engine coolants and deicing fluids, contributing to market expansion. Moreover, the cosmetics and personal care industry is leveraging the moisturizing and solvent properties of 1,3 Propanediol in their products, driving demand within this segment.
Another essential segmentation factor is the production process of 1,3 Propanediol, categorized into bio-based and synthetic methods. The shift towards bio-based production processes is gaining momentum due to environmental concerns and the increasing emphasis on sustainable practices. Bio-based 1,3 Propanediol, derived from renewable sources like corn sugar, offers a more environmentally friendly alternative to conventional synthetic production methods. This shift towards bio-based production is likely to have a significant impact on the market dynamics and underline the importance of sustainable practices in the chemical industry.
In terms of market**Market Players**
- DuPont (U.S.)
- Tate & Lyle (U.K.)
- Zouping Mingxing Chemical Co. Ltd. (China)
- Merck KGaA (Germany)
- Alfa Aesar (U.S.)
- Thermo Fisher Scientific (U.S.)
- Connect Chemicals (Germany)
- MakingCosmetics Inc. (U.S.)
- trc-canada (Canada)
- Tokyo Chemical Industry (Japan)
- Metabolic Explorer. (France)
- Haihang Industry Co., Ltd. (China)
- Zhangjiagang Glory Biomaterial Co., Ltd. (China)
The global 1,3 Propanediol market continues to witness significant growth fueled by the escalating demand for bio-based products in various industries such as textiles, automotive, cosmetics, and pharmaceuticals. The Polytrimethylene Terephthalate (PTT) segment is experiencing robust growth, driven by its extensive use in textile and carpet fiber production. This trend is expected to persist as the textile industry increasingly adopts eco-friendly materials. Additionally, the automotive sector's utilization of 1,3 Propanediol in engine coolants and deicing fluids is a key factor propelling market expansion.
In terms of end-use industries, the demand for 1,3 Propanediol is prominent in textiles, automotive, cosmetics & personal care, and food & beverage sectors. The textile industry, in particular, relies heavily on this compound for eco-friendly fiber manufacturing
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Regional Analysis For 1,3 Propanediol Market
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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This report provides Global 1,3 Propanediol Market :
An in-depth overview of the global market for
1,3 Propanediol Market Assessment of the global industry trends, historical data from 2015, projections for the coming years, and anticipation of compound annual growth rates (CAGRs) by the end of the forecast period.
Discoveries of new market prospects and targeted marketing methodologies for Global 1,3 Propanediol Market
Discussion of R&D, and the demand for new products launches and applications.
Wide-ranging company profiles of leading participants in the industry.
The composition of the market, in terms of dynamic molecule types and targets, underlining the major industry resources and players.
The growth in patient epidemiology and market revenue for the market globally and across the key players and 1,3 Propanediol Market segments.
Study the market in terms of generic and premium product revenue.
Determine commercial opportunities in the market sales scenario by analyzing trends in authorizing and co-development deals.
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