2-Methyl-1,3-Propanediol Market Share Driven by Polyester Resin Demand and High-Performance Polymer Applications | Valuates Reports

2-Methyl-1, 3-Propanediol Market Size
In 2024, the global market size of 2-Methyl-1, 3-Propanediol was estimated to be worth US$ 141 million and is forecast to reach approximately US$ 173 million by 2031 with a CAGR of 3.0% during the forecast period 2025-2031.

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The 2-Methyl-1,3-Propanediol (MPO) Market is witnessing stable market growth supported by expanding demand across polyester resins, polyurethane systems, and specialty polymers. As a versatile diol, MPO is widely used as a building block in high-performance coatings, composites, plasticizers, and engineering plastics. Increasing applications in lightweight materials, durable coatings, and advanced polymer formulations are contributing to overall market size expansion. Key market trends include growing adoption in sustainable resin systems, improved thermal stability requirements, and rising demand for specialty intermediates, supporting a favorable long-term market forecast.

By type, industrial grade holds the dominant market share due to its broad use in large-scale polymer and resin manufacturing. It is widely utilized in unsaturated polyester resins, saturated polyester coatings, polyurethane systems, and plasticizers, which collectively drive significant market size. Pharmaceutical grade represents a smaller but steadily growing segment, primarily serving high-purity applications such as personal care formulations and specialty chemical synthesis where stringent quality standards are required.

In terms of application, unsaturated polyester resins (composites) account for a significant market share, driven by strong demand from automotive, marine, construction, and wind energy industries. Unsaturated polyester resins used in gel coats also contribute notably to market growth, particularly in protective surface applications. Saturated polyester for coatings represents another major segment, benefiting from expanding architectural and industrial coating markets. Polyurethane applications are steadily increasing as manufacturers seek enhanced flexibility, impact resistance, and durability in foams, elastomers, and coatings. Additional applications such as MPO alkoxylates, MPO polycarbonate, modified PET, plasticizers, and personal care products further expand overall market size.

Key companies operating in the 2-Methyl-1,3-Propanediol Market include Dairen Chemical Corp, LyondellBasell, and Perstorp. These companies maintain strong market share through integrated production capabilities, global distribution networks, and long-term partnerships with polymer manufacturers. Competitive strategies focus on capacity expansion, process optimization, and development of high-performance specialty grades tailored to evolving end-user requirements.

Regionally, Asia-Pacific holds a substantial market share driven by rapid industrialization and expanding polymer production capacity in China, Japan, and South Korea. North America and Europe maintain stable market size due to established chemical manufacturing industries and strong demand from coatings and composite applications. Southeast Asia and Latin America are emerging contributors to market growth as infrastructure development and manufacturing activities increase. The Middle East & Africa region also presents incremental opportunities linked to growing petrochemical investments.

The overall market forecast remains positive, supported by expanding composite materials usage, growing demand for durable coatings, and continuous innovation in polymer chemistry. As industries prioritize lightweight materials and high-performance resins, the 2-Methyl-1,3-Propanediol Market is expected to sustain long-term market growth globally.

Segment by Type

• Pharmaceutical Grade
• Industrial Grade

Segment by Application

• Unsaturated Polyester Resins (Composites)
• Unsaturated Polyester Resins (Gel Coats)
• Saturated Polyester for Coating
• Polyurethane
• Plasticizers
• MPO Alkoxylate
• MPO Polycarbonate
• Modified Polyethylene Terephthalate (PET)
• Personal Care
• Others

By Company

Dairen Chemical Corp, LyondellBasell, Perstorp

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