New York, NY -- (SBWire) -- 04/26/2021 --The Global 1,3 Propanediol Market is forecast to reach USD 1.66 Billion by 2027, according to a new report by Reports and Data. 1,3 Propanediol (PDO) is a colorless organic viscous liquid with high boiling point and water-miscible properties. This organic chemical compound is typically produced by the hydration process of acrolein or oxo-synthesizing ethylene oxide and hydrogenating the produced aldehydes. Also, more recent bioprocessing production processes are also followed by some of the prominent players in the market to manufacture this chemical. Global 1,3 Propanediol market is projected to drive significantly as the demand for this isomer of Propanediol in various industrial & commercial applications is being propelled substantially. The continuous expansion of Polytrimethylene Terephthalate (PTT) fibers, adhesives, detergent, tonner, coating, and anti-freezing agents are expected to drive the demand throughout the forecast period primarily.
The Asia Pacific region is expected to retain its dominance in the global market. The market is North America is growing at apace due to the extensive use of 1,3 Propanediol in various industrial sectors. China and India are some of the fastest-growing markets in the world, and the United States and China hold some of the most prominent players in the market.
Key participants include DuPont Tate & Lyle Bio Products Company, LLC, Zhangjiagang Glory Biomaterial Co., Ltd., Royal Dutch Shell PLC, Haihang Industry Co., Ltd., Merck KGaA, Tokyo Chemical Industry Co., Ltd., Cargill, Incorporated, Hunan Rivers Bioengineering Co., Ltd., Godrej Industries Ltd., and Zhangjiagang Huamei Biomaterial Co., Ltd., among others.
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For the purpose of this report, Reports and Data have segmented the global 1,3 Propanediol Market on the basis of the application, sales channel, production, end-use verticals and region:
Application Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
Process Solvent
Chemical Intermediate
Antifreezing & De-icing Agent
Adhesive & Laminates
Tonner & Coating
Others
Sales Channel Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
Online Retailing
Offline Retailing
Production Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
Conventional Process
Bioprocess
End-Use Verticals Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
PTT Manufacturing
Personal Care & Cosmetics
Construction Material
Industrial Manufacturing
Others
Regional Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
North America
Europe
Asia Pacific
MEA
Latin America
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Further key findings from the report suggest
1,3-Propanediol can act as a multipurpose ingredient that includes humectant, emollient, booster, process solvent, viscosity enhancer, carrier for actives, chemical intermediate, and others. This organic compound is a high purity chemical ingredient produced from renewable sources which are completely GMO-free and doesn't create risks for the environment.
Growing penetration of the online retailing businesses for the chemicals and materials, especially in the emerging nations in the Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to the non-involvement of the distributors in the supply chain model, the profit margin is way more than that of the offline retailing distribution channel. The online retailing is expected to gain a market share of 26.2% by 2027.
Growing use of the cosmetic & personal care products such as skin cream, moisturizer, lotion, hair color, foundation, serums, face masks, antiperspirant, and eyeliner, to name a few, contributes to the market growth enormously. A rise in the awareness about hair care and skin care and an increase in disposable income is expected to augment the demand for cosmetics and personal care products.
Europe is growing at a CAGR of 12.1% in the forecast period. Netherland and France have some of the valuable players in this region. Europe is also expected to retain a significant position in the market.
North America is forecasted to witness significant growth in the overall market due to its increasing demand for the paints & coatings, cosmetic & personal care, and fabric products, having grown at a CAGR of 14.0% during the forecast period. US possesses the highest market share in this region and some of the vital players of the market.
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. 1,3 Propanediol Market Segmentation & Impact Analysis
4.1. 1,3 Propanediol Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Substantial growth in the cosmetics & personal care applications
4.2.2.2. Increasing demand for the PTT in the fabric industry
4.2.2.3. High demand for 1,3 Propanediol in industrial chemical processing
4.2.3. Market restraints analysis
4.2.3.1. Toxicity of the chemical compound
4.2.3.2. Scarcity in the natural sources of raw materials
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Continued…
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1,3 Propanediol Market Growth, Share, Demand and Analysis of Key Players, Forecasts to 2027
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