Americas is estimated to be the largest market for 1,3-propanediol

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science-technology

Summary

The Americas is the largest 1,3-propanediol market and is expected to continue its dominance during the forecast period. The market is primarily driven by increasing production and consumption of 1,3-propanediol in PTT, cosmetics, personal care & cleaning products, and polyurethane applications.

Press Release

1,3-Propanediol (PDO) Market by Application (Polytrimethylene Terephthalate [PTT], Cosmetics, Personal Care & Cleaning Products, Polyurethane [PU]) and Region (Americas, APAC, Europe, Middle East & Africa [EMEA]) – Global Forecast to 2025”

MarketsandMarkets: The global 1,3-propanediol market size is projected to reach USD 691 million by 2025, at a CAGR of 11.4% from USD 402 million in 2020.

Growing demand for bio-based products to lower greenhouse gas emissions and energy consumption and increasing use in resin applications is expected to drive the 1,3-propanediol market. Also, the growing demand for PTT in apparel and carpets is estimated to boost the growth of the 1,3-propanediol industry.

Browse through more than 148 market data tables with 32 figures and an in-depth TOC of the report, Propanediol Market–Global Forecast to 2025”. Early buyers will receive 10% customization for reports.

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Polytrimethylene terephthalate (PTT) is estimated to be the largest application segment  of 1,3-propanediol in 2019”

Polytrimethylene terephthalate (PTT) is estimated to be the largest application of 1,3-propanediol in 2019.  The demand for PTT is growing in apparel and textiles. Polytrimethylene terephthalate (PTT) is an aromatic thermoplastic polymer. Its successful commercial production started in the recent past. It has similar properties to polyethylene terephthalate (PET) and polybutylene terephthalate (PBT).

“Americas is estimated to be the largest market for 1,3-propanediol during the forecast period”

The Americas is the largest 1,3-propanediol market and is expected to continue its dominance during the forecast period. The market is primarily driven by increasing production and consumption of 1,3-propanediol in PTT, cosmetics, personal care & cleaning products, and polyurethane applications.  Also, the presence of DuPont Tate & Lyle Bio Products Company, LLC, the largest manufacturer of bio-based 1,3-propanediol in the region, is driving the market.

The key market players profiled in the report include DuPont Tate & Lyle Bio Products Company, LLC (US), Zhangjiagang Glory Biomaterial Co., Ltd. (China), Zouping Mingxing Chemical Co., Ltd. (China), Haihang Industry Company Ltd. (China), Merck KGgA (Germany), Tokyo Chemical Industry Co., Ltd. (Japan), METabolic EXplorer (France), and Sheng Hong Group Holdings Ltd. (China).

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