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1,3-Propanediol Market: By Source, Application, End-user Industry, and Geography
1,3-Propanediol Market: By Source, Application, End-user Industry, and Geography
1,3-Propanediol (PDO) Market size was valued at US$ 985.1 million in 2023 and is poised to grow at a CAGR of 10.8% over 2024-2030. 1,3-Propanediol is a three-carbon diol compound derived from both petroleum-based and bio-based sources and has several desirable properties, including its ability to serve as a building block for various chemicals and materials and is used in various industrial applications, including as a bio-based alternative to traditional petrochemical-derived chemicals. The increased awareness and concerns about sustainability addressed by bio-based PDO made from renewable sources, a more environmentally friendly option than conventional compounds made from petrochemicals drive the market.
Furthermore, the stringent regulations and policies adopted by various countries to reduce carbon emissions and promote sustainable practices by encouraging the adoption of bio-based PDO are also anticipated to propel the market growth. Utilizing PDO, biobased polymers and bioplastics are being developed, providing an opportunity to meet the rising need for environmentally friendly packaging and products. The alignment of PDO with the concept of a circular economy that encourages recycling, resource conservation, and less waste production is currently popular in the market. But the high cost of PDO compared to other conventional petrochemicals and the stringent regulatory policies might hinder the market growth. However, the increased demand in various applications such as polytrimethylene terephthalate (PTT), polyurethane (PU), cosmetics, personal care, and cleaning products, shift in consumer preference toward bio-based products, and increase in consumer acceptability for bio-based products is anticipated to burgeon the market during forecast years.
Study Period
2024-2030Base Year
2023CAGR
10.8%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The market is expected to rise owing to the domination of the industry by Bio-based PDO owing to the shift in consumer preference towards bio-based products. Recently, DuPont Tate & Lyle's production methods claim to use 40% less energy and 20% less greenhouse gas while producing bio-based products. The development of affordable bio-based PTT has increased the demand for and credibility of bio-based PDO. Additionally, it is projected that the market will be driven by the rising focus on fossil-free resources due to the fact that petroleum is a limited resource and contributes to global warming, making natural gas and shale gas some of the short-term solutions to the problem. Moreover, 1,3-propanediol has proved to be a valuable alternative to petrochemical diols, such as 1,6-hexanediol and neopentylglycol, which are currently used as diols in most resin applications.
The North America region is projected to lead in the 1,3-propanediol (PDO) market over the forecasting years due to the robust industrial and manufacturing sectors. Moreover, increasing awareness of sustainability and environmentally friendly products drives the demand for bio-based chemicals like PDO. Stringent regulations regarding the use of eco-friendly materials further stimulate the market. The United States, being a key player in the chemical industry, contributes significantly to the growth of the PDO market in this region. Europe is another strong market for 1,3-propanediol. The region's active engagement in research and innovation enhances the market's growth prospects. Countries like Germany and France, known for their advanced chemical industries, play a pivotal role in shaping the PDO market in Europe.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 985.1 million |
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Market CAGR |
10.8% |
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By Source |
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By Application |
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By End User |
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The 1,3-Propanediol (PDO) market valued at US$ 985.1 million in 2022 and is expected to grow at 10.8% CAGR over the forecast period 2023 – 2029.
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 are a few companies operating in 1,3-Propanediol (PDO) market.
Innovations in 1,3-propanediol (PDO) production technology and rapid industrialization are some of the factors that create potential opportunities for the growth of the 1,3-propanediol (PDO) market.
The manufacture of 1,3-propanediol (PDO) from different renewable sources and exploration of innovative applications are some of the major trends in the 1,3-propanediol (PDO) market.
| 1.Executive Summary |
| 2.Global 1,3-Propanediol Market Introduction |
| 2.1.Global 1,3-Propanediol Market - Taxonomy |
| 2.2.Global 1,3-Propanediol Market - Definitions |
| 2.2.1.Source |
| 2.2.2.Application |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global 1,3-Propanediol Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global 1,3-Propanediol Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global 1,3-Propanediol Market By Source, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Bio-based PDO |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Petrochemical-based PDO |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global 1,3-Propanediol Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Polyurethane |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Personal Care Products |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Polytrimethylene Terephthalate |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Other Applications |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7.Global 1,3-Propanediol Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Synthetic Drugs |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Engineering Plastics |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Cosmetics and Pharmaceutical |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Textile Dyeing and Finishing |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Other End-user Industries |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global 1,3-Propanediol Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America 1,3-Propanediol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Bio-based PDO |
| 9.1.2.Petrochemical-based PDO |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Polyurethane |
| 9.2.2.Personal Care Products |
| 9.2.3.Polytrimethylene Terephthalate |
| 9.2.4.Other Applications |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Synthetic Drugs |
| 9.3.2.Engineering Plastics |
| 9.3.3.Cosmetics and Pharmaceutical |
| 9.3.4.Textile Dyeing and Finishing |
| 9.3.5.Other End-user Industries |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe 1,3-Propanediol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Bio-based PDO |
| 10.1.2.Petrochemical-based PDO |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Polyurethane |
| 10.2.2.Personal Care Products |
| 10.2.3.Polytrimethylene Terephthalate |
| 10.2.4.Other Applications |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Synthetic Drugs |
| 10.3.2.Engineering Plastics |
| 10.3.3.Cosmetics and Pharmaceutical |
| 10.3.4.Textile Dyeing and Finishing |
| 10.3.5.Other End-user Industries |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) 1,3-Propanediol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Bio-based PDO |
| 11.1.2.Petrochemical-based PDO |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Polyurethane |
| 11.2.2.Personal Care Products |
| 11.2.3.Polytrimethylene Terephthalate |
| 11.2.4.Other Applications |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Synthetic Drugs |
| 11.3.2.Engineering Plastics |
| 11.3.3.Cosmetics and Pharmaceutical |
| 11.3.4.Textile Dyeing and Finishing |
| 11.3.5.Other End-user Industries |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) 1,3-Propanediol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Bio-based PDO |
| 12.1.2.Petrochemical-based PDO |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Polyurethane |
| 12.2.2.Personal Care Products |
| 12.2.3.Polytrimethylene Terephthalate |
| 12.2.4.Other Applications |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Synthetic Drugs |
| 12.3.2.Engineering Plastics |
| 12.3.3.Cosmetics and Pharmaceutical |
| 12.3.4.Textile Dyeing and Finishing |
| 12.3.5.Other End-user Industries |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America 1,3-Propanediol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Bio-based PDO |
| 13.1.2.Petrochemical-based PDO |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Polyurethane |
| 13.2.2.Personal Care Products |
| 13.2.3.Polytrimethylene Terephthalate |
| 13.2.4.Other Applications |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Synthetic Drugs |
| 13.3.2.Engineering Plastics |
| 13.3.3.Cosmetics and Pharmaceutical |
| 13.3.4.Textile Dyeing and Finishing |
| 13.3.5.Other End-user Industries |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.DuPont |
| 14.2.2.Metabolic Explorer SA |
| 14.2.3.Zhangjiagang Glory Biomaterial Co., Ltd. |
| 14.2.4.Zouping Mingxing Chemical Co., Ltd. |
| 14.2.5.Shell Chemicals LP |
| 14.2.6.Merck KGaA |
| 14.2.7.Tokyo Chemical Industry Co., Ltd. |
| 14.2.8.Shenghong Group Holdings |
| 14.2.9.Primient Covation LLC |
| 14.2.10.Haihang Industry Co. Ltd. |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.