1,3-Propanediol (1,3-PDO) is a bifunctional organic compound with chemical formula OHCH2CH2CH2OH. 1,3-PDO is a building block chemical that can be used in the preparation of the bio-based polymer polytrimethylene and in the production of adhesives, paints, resins and coatings.
Market Analysis and Insights: Global 1,3-Propanediol (PDO) Market
Due to the COVID-19 pandemic, the global 1,3-Propanediol (PDO) market size is estimated to be worth US$ 265.1 million in 2022 and is forecast to a readjusted size of US$ 390.3 million by 2028 with a CAGR of 6.7% during the review period. Fully considering the economic change by this health crisis, Technical Grade PDO accounting for % of the 1,3-Propanediol (PDO) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While PTT & Polyurethane segment is altered to an % CAGR throughout this forecast period.
Global key 1,3-propanediol manufacturers include DuPont, Shangdong Mingxing etc.The top 1 company hold a share about 80%.North America is the largest market, with a share about 70%, followed by China and Europe with the share about 18% and 5%.
Global 1,3-Propanediol (PDO) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global 1,3-Propanediol (PDO) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Technical Grade PDO
Pharmaceutical Grade PDO
Segment by Application
PTT & Polyurethane
Food & Pharmaceutical
Cosmetic
Other
By Company
DuPont
Shangdong Mingxing
Glory Biomaterial
Metabolic-explorer
Shell
Degussa
Production by Region
North America
Europe
China
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina