Chemical Planet

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 acco

Growing demand for tires (both OEM and replacement) on account of an upturn in the automotive industry, particularly in China, India and Brazil, is expected to remain a key driving factor for the global market. In addition, growing demand for ABS on account of increasing demand for high performance plastics from automotive industry is also expected to have a positive influence on the global market. The Global 1,3 Butadiene (BD) Market is expected to reach USD 33.01 billion by 2020, according to a new study by Grand View Research, Inc. Volatile raw material prices coupled with stringent regulatory scenario is expected to remain key challenges for market participants. In order to overcome such challenges, industry has shifted its focus towards developing bio-based routes to manufacture 1,3 butadiene. Butadiene rubber emerged as the leading application segment for BD and accounted for 30.8% of total market volume in 2013. More than two third of butadiene rubber goes for manufactu