Global 1,3-Propanediol (1,3-PDO) Market Worth $560 Million by 2019
DALLAS, November 29, 2012 /PRNewswire/ –
According to a new market research report, “1,3-Propanediol (PDO) Market By
Applications (PTT [Polytrimethylene Terephthalate], Polyurethane, Cosmetic, Personal Care
& Home Cleaning & other Applications) & Geography – Global Market Trends & Forecasts to
2019″ published by MarketsandMarkets (http://www.marketsandmarkets.com), 1,3-propanediol
market will grow from an estimated $157 million in 2012 to $560 million in 2019 with a
compound annual growth rate of 19.9% during the period of 2012 to 2019.
Browse 70+ market tables/figures spread through 115 pages and in-depth TOC on
“1,3-Propanediol (PDO) Market By Applications (PTT [Polytrimethylene Terephthalate],
Polyurethane, Cosmetic, Personal Care & Home Cleaning & other Applications) & Geography -
Global Market Trends & Forecasts to 2019″
Early buyers will receive 10% customization on reports.
Major application area of 1,3-propanediol is polytrimethylene terephthalate (PTT)
manufacturing which is used for carpets and some industrial textile applications due to
its excellent properties. Other applications of 1,3-PDO include polyurethane
manufacturing, cosmetic, personal care & home cleaning products, engine coolant, heat
transfer fluid, and deicing fluids production.
At present the market is dominated by DuPont Tate & Lyle (U.S.) which is the only bulk
producer of 1,3-PDO. There are few Chinese companies but they produces at very small
scale. Some new players such as France-based Metabolic Explorers and China-based Huamei
Biomaterial are going to enter into the market in near future. With increase in 1,3-PDO
production, PTT production will also rise. Many of the 1,3-PDO producers will go for
upward integration and start producing PTT by themselves. Some polyethylene terephthalate
(PET) producers are also like to start PTT production since the cost of conversion of a
PET facility to PTT is in between 10% to 20% of the cost of building a new plant.
In terms of geographical markets, Americas region is the largest market followed by
Asia-Pacific and then Europe, Middle East & Africa (EMEA). Asia-Pacific is the highest
growing region where by 2019 the market will expand by almost eleven times of present
size. At country level, U.S. has the maximum revenue share.
Increasing demand of bio-based chemicals, growing application areas and increasing
population are the major drivers of the global 1,3-PDO market
1,3-PDO derived from bio-based feedstock is environment friendly which is acting as
supporting factors for 1,3-PDO market growth. Europe is the largest market for cosmetics,
personal care, and home cleaning products and is experiencing the high growth rate. Demand
of nature-based (bio-based) ingredients will drive the growth of 1,3-PDO market in Europe.
The 1,3-propanediol market
report segments the global market by application, end use, and geography. It also focuses
on market share analysis, and market metrics like drivers, restraints and opportunities.
With 78 market tables/figures, it breaks and forecasts the market in every possible way.
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