1,3 Propanediol Market

1,3 Propanediol Market Size, Share, Growth Analysis, By Source(Bio-based PDO, Petrochemical-based PDO), By Application(Polytrimethylene Terephthalate (PTT), Polyurethane (PU), Personal Care & Detergents, Others), By Region(North America, Europe, Asia Pacific, Latin America) - Industry Forecast 2025-2032


Report ID: UCMIG15E2303 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

1,3 Propanediol Market Insights

Market Overview:

In 2021, the global market for 1,3 propanediol reached a valuation of USD 375.1 million, showcasing significant growth. This can be attributed to the increasing demand for environmentally friendly and sustainable chemicals in various industries, such as automotive, textiles, and cosmetics. The versatile applications of 1,3 propanediol, including its use as a solvent, antifreeze agent, and building block for biodegradable polymers, have contributed to its market expansion. Additionally, the growing emphasis on reducing carbon emissions and the shift towards renewable resources have further fueled the adoption of 1,3 propanediol in different end-use sectors.

1,3 Propanediol Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for 1,3 Propanediol was estimated to be valued at US$ XX Mn in 2021.

The 1,3 Propanediol Market is estimated to grow at a CAGR of XX% by 2028.

The 1,3 Propanediol Market is segmented on the basis of Source, Application, Region.

Based on region, the 1,3 Propanediol Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the 1,3 Propanediol Market are DuPont, Metabolic Explorer SA, Zhangjiagang Glory Biomaterial Co., Ltd., Zouping Mingxing Chemical Co., Ltd., Shell Chemicals LP, Merck KGaA, Tokyo Chemical Industry Co., Ltd., Shenghong Group Holdings, Primient Covation LLC, Haihang Industry Co. Ltd..

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1,3 Propanediol Market

Report ID: UCMIG15E2303

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