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1,3 Propanediol Market Global Trends Outlook and 2022 Forecast

Growing polytrimethylene terephthalate (PTT) and polyurethane consumption across various end-use industries is expected to drive the global PDO market. Growth of personal care industry particularly in emerging markets of Asia Pacific and Latin America is also expected to have a positive influence on the market growth.

The Global 1,3 Propanediol (PDO) Market is expected to reach USD 776.3 million by 2022, according to a new study by Grand View Research, Inc.


Growing environmental concerns and mandates are likely to assist the growth of bio-based 1,3 PDO market over the forecast period. Favorable regulations and government policies encouraging biodiesel production is presumed to further augment the market growth. Low white space availability on account of multiple proprietary methods developed by the market participants is anticipated to ward off new entrants and may slow down market development.

North America emerged as a clear leader in the global PDO market and accounted for 74.0% of total market volume in 2014. Favorable regulatory scenario particularly in the U.S. to promote bio-based chemicals is expected to drive the regional market. North America is expected to maintain its lead position in the global market over the forecast period.

Asia Pacific is expected to witness the highest growth rate of 6.2% from 2015 to 2022. Growth of regional automotive industry coupled with increasing construction spending is expected to drive the regional market over the next seven years.

To Know More About 1,3 Propanediol Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/1-3-propanediol-pdo-market 

Top Players of 1,3 Propanediol (PDO) Market:

Key industry participants include DuPont Tate & Lyle Bio Products, Metabolic Explorer, Zhangjiagang Glory Biomaterial Co. Ltd., Zouping Mingxing Chemical Co. Ltd and Shenghong Group.

Market Segmentation of 1,3 Propanediol (PDO) Market

The Global 1,3 Propanediol Market segmented on the basis of Application and Region.

By Application:

Polytrimethylene Terephthalate (PTT)
Polyurethane (PU)
Personal Care & Detergents

By Region:

North America
Europe
Asia Pacific
Central & South America
Middle East and Africa

Inquire about 1,3 Propanediol Market with Our Experts @ https://www.grandviewresearch.com/inquiry/716/ibb 
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