1, 3-propanediol Market Research Reports & Industry Analysis, Opportunity and Forecast To 2023

The growing demand for 1, 3-propanediol from various applications is expected to drive the growth of the market during the review period. The major applications of 1, 3-propanediol Market are polytrimethylene terephthalate, polyurethane, cosmetics & personal care, household, engine coolants among others. The growing development of cosmetic & personal care industry across the globe is expected to boost the market during the forecast years. Moreover, the growing investment in research and development activities to produce bio-based 1,3 propanediol is anticipated to be a major opportunity in the market.

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Competitive Analysis:-

Some of the key players in the global 1, 3-propanediol market are 

• DuPont Tate & Lyle Bio Products Company, LLC (U.S.)
• Metabolic Explorer SA (France)
• Zhangjiagang Glory Biomaterial Co. Ltd (China)
• Zouping Mingxing Chemical Co., Ltd (China)
• Royal Dutch Shell (Netherland)
• Shanghai Jinjinle Industry Co., Ltd (China)
• Zouping Mingxing Chemical Co.,Ltd (China)
• Salicylates And Chemicals Pvt. Ltd (India)
• Chongqing Kunlun Chemical Co., Ltd (China).

Market Segmentation: -

The global 1,3 propanediol market is segmented into application and region. Based on application, the global market of 1, 3-propanediol can be further segmented into polytrimethylene terephthalate, polyurethane, cosmetic & personal care, household, engine coolants, heat transfer fluid, de-icing fluid and others. Based on region, the global 1, 3-propanediol market is bifurcated into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa.

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Market Scenario: -

Among the various applications of the 1, 3-propanediol, the polytrimethylene terephthalate segment was anticipated to be the dominant segment in 2016 and is expected to show the same trend during the forecast years. The polyurethane segment is expected to witness the highest growth with a CAGR of over 4.5% during the assessed period. 

The growing demand for polytrimethylene terephthalate across various applications such as cosmetic & personal care, engine coolants, and de-icing fluid among other is substantially contributing to the growth of the segment.

The global 1, 3-propanediol market is spanned across five key regions: Europe, Asia Pacific, North America Latin America, and the Middle East & Africa. Among these, Asia Pacific is the fastest  growing  market  during the forecast period. The growing population has increased the demand for cosmetics & personal care and household products, in turn, adding to the demand for 1,3 propanediol market.

North America followed by Europe is anticipated to be the largest markets during the given period. The developed automobile, cosmetic & personal care industry along with the growing shift towards biodiesel is positively contributing to the growth of the market.

Intended Audience: -

• 1, 3-propanediol    market manufacturers
• Traders and Distributors of 1, 3-propanediol   market
• Production process industries
• Potential investors

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TABLE OF CONTENTS: -

1 Executive Summary

2 Scope Of The Report

3 Market Research Methodology

4 Market Landscape

5 Industry Overview Of Global 1, 3-Propanediol Market

To Be Continue…….

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1, 3-propanediol Market Global Industry Analysis and Growth Opportunity Assessment forecast to 2023

1, 3-propanediol is a class of specialty compounds, a colorless liquid that is miscible in water. These compounds can be produced either by hydration of acrolein or by hydroformylation of ethylene oxide. 1, 3-propanediol is mainly used as a feedstock in the production of various chemicals and materials. These high specialty compounds find its applications in the production of polytrimethylene terephthalate (PTT), polyurethane, cosmetics & personal care, and household cleaners. 

The other niche applications include engine coolants, de-icing fluid, and heat transfer fluid among others.  The growing demand for polytrimethylene terephthalate (PTT) in various end-use industries is anticipated to be the major factor driving the global 1, 3-propanediol market during the assessed period. Glycerol is a byproduct of the biodiesel production process, which is a prominent raw material in the production of 1, 3-propanediol.
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Hence, the growing production of biodiesel is expected to positively affect the growth of the global 1, 3-propanediol market. The volatility in crude oil prices along with the growing environmental regulations has resulted in investment in the research and development activities for the production of bio-based 1, 3-propanediol. This is anticipated to be a major opportunity for the market growth. Biobased 1, 3-propanediol is an FDA certified biobased product, which can be used in many applications such as functional & deicing fluid, coatings, cosmetic & personal care, home care, polymers, and fibers. 

Key Players and Competition Analysis

DuPont Tate & Lyle Bio Products Company, LLC (U.S.), Metabolic Explorer SA (France) Zhangjiagang Glory Biomaterial Co. Ltd (China) and Zouping Mingxing Chemical Co., Ltd (China), Royal Dutch Shell (Netherland), Shanghai Jinjinle Industry Co., Ltd (China), Zouping Mingxing Chemical Co.,Ltd (China), Salicylates And Chemicals Pvt. Ltd (India), and Chongqing Kunlun Chemical Co., Ltd (China) among others.

Segmentation Analysis

The global 1,3 propanediol market is segmented into application and region. Based on the application, the global market of 1, 3-propanediol is further segmented into polytrimethylene terephthalate, polyurethane, cosmetic & personal care, household, engine coolants, heat transfer fluid, de-icing fluid and others. Based on the region, the global 1, 3-propanediol market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa.

Regional Analysis

The 1,3 propanediol market is segmented across five regions: Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. Among these, North America was the leading region in 2016 and is expected to retain its dominance over the forecast period. The growing demand for PTT in the developed end use industries is expected to fuel the market growth during the review period. Moreover, the growing inclination towards the use of biobased products along with the prevalence of stringent environmental regulations has increased the production of biodiesel mainly in the U.S. and Canada, which, in turn surging the market growth of 1,3-propanediol. For instance, according to the U.S. Energy Information Administration, the production of biodiesel in the U.S. was 144 million gallons in 2016, and it increased to 148 million gallons in December 2017.  The growing biodiesel production is expected to positively contribute to the market growth owing to the use of Glycerol (a byproduct of biodiesel production process) in the manufacturing of 1,3-propanediol.  Asia Pacific is anticipated to be the fastest growing market during the forecast period.
Browse the market data and information spread across 139 pages with 24 data tables and 08 figures of the report “1, 3-Propanediol Market Research Report - Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/1-3-propanediol-market-5722