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1,3-Propanediol (PDO) is organic compound having formula CH2(CH2OH)2. Thhis compound is a colourless three diol viscous liquid miscible in water. 1,3-Propanediol have major application in formation of polymers such as polytrimethylene teraphthalate, polyuretahane, and cosmetics. This oragnic compound is usually natural produced from micro-organisms such as klebsiella, enterobacter, citrobacter, and clostridium under anaerobic consditions. Furthermore, commercially they are mainly formed through the hydration of acrolein. There are other alternative methods for production such as hydroformylation of ethylene oxide, and bioprocessing of micro-organisms.
The market for 1,3-Propanediol (PDO) is driven by the rising demand for bio-based products. More of the consumer base if shifting towards natural and bio-based products due to increasing governmental regulations and slow depletion of natural resources. Additionally, use of bio-based products help in energy consumption and less pollution in the environment. This is expected to drive the market for 1,3-Propanediol (PDO).
Key Market Driver -
Rising demand for bio-based products.
Key Market Restraint -
Lack of awareness regarding industrial application
The market 1,3-Propanediol (PDO) will be affected due to lack of awareness regarding industrial applications. In Growing economies PDO is mainly used for cosmetics and personal care and are less aware about the industrial applications such as formation of polymers and food flavours and others. Moreover, governmental regulations over environmental concerns also affect the market growth, thus restraining the market for 1,3-Propanediol (PDO).
Based on application, the market is segmented into polytrimethylene terephthalate (PTT), polyurethane (PU), cleaning products, cosmetics, personal care, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global 1,3-Propanediol (PDO) market is consolidated with global & regional players operating. Some of the key players in the 1,3-Propanediol (PDO) market includes DuPont Tate & Lyle Bio Products Company, Zhangjiagang Glory Biomaterial Co., Ltd., Zouping Mingxing Chemical Co., Ltd., Tokyo Chemical Industry Co., Ltd., Haihang Industry Company Ltd., and Others.
The 1,3-Propanediol (PDO) market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region dominated the market due to growing applicationo f 1,3-propanediol in cosmetics and personal care products, along with shift in consumer preference for bio-based product is expected to propel the demand for 1,3-propanediol market in the region. The Asia-Pacific region is expected to be the fastest growing market due to rising demand from the growing economies such as China, India, and South Korea.
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New product launches for polymer production and personal use products is expected to support the market growth for 1,3-propanediol market. In Europe, the adoption of 1,3-Propanediol (PDO) for application mainly in the production of cosmetic products is supporting the growth of the market in the region. The consumption of 1,3-Propanediol (PDO) market is also increasing in Latin America and Middle East & Africa due to growing urbanisation and growing disposable income among the consumers leading to a rise in demand for polymers for industrial application is expected to drive the market growth.
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