1,3 Propanediol Market Size, Share & Trends Analysis Report By Source (Bio-based, Petrochemical-based), By Application, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global 1,3 propanediol market was valued at USD 375.1 million in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 8.8% from 2022 to 2030. The demand for the product is attributed to rise in demand for polytrimethylene terephthalate from the end-use industries such as personal care, cosmetics, and cleaning products. The 1,3 propanediol (1,3 PDO) market is expected to be driven by shifting consumer preference toward bio-based products. It is anticipated that increasing consumer acceptability for bio-based products across a range of end-use sectors would further support market expansion.

Rising biodiesel production is anticipated to propel the 1,3 propanediol industry. Crude glycerol, a by-product of biodiesel production, is a vital bio-based raw material utilized in the production of 1,3-propanediol. Due to several government laws to encourage biodiesel blending in conventional fuel, the growing demand for biodiesel is visible in various regions. The government has put rigorous policies into place in several nations, including Brazil, China, the United States, and some member states of the European Union, to promote biodiesel mixing and lessen reliance on fossil fuels.

Industry participants are increasingly focusing on producing 1,3-propanediol from bio-based sources due to the inherent characteristics to control the greenhouse gas effect and reduce the environmental impact. The bio-based 1,3-propanediol production process is expected to witness strong demand in the future. Emerging economies in regions such as Asia Pacific are touted to drive the regional bio-based 1,3-propanediol demand.

COVID-19 impacted the 1,3 propanediol market negatively due to the shutdown of various production units of end-use industries. Polytrimethylene terephthalate (PTT) is utilized the in manufacturing of sportswear & leisure, carpet, and various other textile application which witnessed a decline the demand due to the lockdown. Similarly, restrictions in the operations of beauty parlors, and salons restricted the demand for beauty and personal care products, which in turn affected the 1,3 PDO market negatively.

Source Insights

Bio-based PDO segment dominated the industry with more than 60% of the total revenue share in 2021. The higher share was attributed to the shift in consumer preference towards bio-based products. Production techniques created by DuPont Tate & Lyle, assert that they consume 40% less energy, and 20% less greenhouse gas during the production process of bio-based products. The emergence of cost-effective bio-based PTT has further added the to credibility and demand for bio-based PDO. Other bio-based polymers such as polyethylene have also developed their niche applications and market.

1,3 propanediol is produced using chemical and bio-based sources through multiple methods. Chemical processes include the methods involving ethylene oxide and acrolein developed by Shell Chemical LP and Degussa, respectively. The bio-based methods encompass the corn syrup and glycerol methods.

Application Insights

Polytrimethylene terephthalate (PTT) application accounted for a 67.4% revenue share in 2021. This is attributed to the rise in demand for PTT in various applications such as upholstery, apparel, specialty resins, consumer goods, and industrial applications. Various characteristics of PTT such as stretch recovery properties, lower production cost for bio-based 1,3 PDO, and lower environmental impact benefit PTT over other polymers.

Desired product characteristics pertaining to PTT applications such as upholstery, apparel, specialty resins, and consumer goods include softness, stretch recovery, easy care, longevity, and biodegradability. The inherent PTT properties outperform nylon & polyethylene terephthalate the fiber applications and polybutylene terephthalate & polyethylene terephthalate in resin applications. PTT applications have widened with the advent of new technologies and include end users such as monofilaments, engineering, and thermoplastics. Superior PTT properties have led to PTT being accepted as a major substitute for other polymers such as PBT, PET, PC, and PP.

The personal care and detergents segment is expected to grow at a high rate over the forecast period. The growth is witnessed due to its consumption in beauty, and skin treatment products. 1,3 propanediol is commonly used as an ingredient in various personal care products such as skin treatment.

Regional Insights

North America has emerged to be the largest region accounting for more than 35.7% in 2021 in terms of revenue. The higher market share is attributed to the rise in consumption of personal care products, and the increase in consumer spending in the countries like U.S., and Canada. This market will be dominated by North America which is due to the rising demand for PTT in the emerging end-use industries and the growing use of bio-based products.

Asia Pacific is expected to expand at the highest CAGR of 9.1% in the forecast period owing to a rise in consumption and production of the product in textile, personal care & detergents, and cosmetics application in the region. The rise in investments in the retail sector has made the availability of consumer goods easier in the region.

Furthermore, favorable government mandates and laws related to bio-diesel are increasing production in nations like China, India, Indonesia, and Malaysia. This will enhance glycerol production, which will support the expansion of the 1,3 propanediol market. The demand for bioplastics is evident in every major region, especially in the Asia Pacific and Latin America owing to the strong demand from emerging economies such as China, Brazil, and India. Favorable policies and government regulations to encourage the use of bio-based products are critical factors driving the global market.

Key Companies & Market Share Insight

Mergers & acquisitions characterize the bio-based market with companies trying to forge strategic alliances with industry participants that have technological capability and access to raw materials. New entrants in the industry are heavily dependent on such partnerships to mark their presence in the industry. To penetrate into the rapidly growing market, key industry participants are offering technological licenses or collaborating with companies that have a wide distribution network, access to raw materials, and a thorough understanding of the regional market. The top players are boosting their production capacities to keep up with the rising demand from the end-use industries. Some prominent players in the global 1, 3 propanediol market include::

• DuPont

• Metabolic Explorer SA

• Zhangjiagang Glory Biomaterial Co., Ltd.

• Zouping Mingxing Chemical Co., Ltd.

• Shell Chemicals LP

• Merck KGaA

• Tokyo Chemical Industry Co., Ltd.

• Shenghong Group Holdings

• Primient Covation LLC

• Haihang Industry Co. Ltd.

1, 3 Propanediol Market Report Scope 

Global 1, 3 Propanediol Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global 1,3 propanediolmarket report on the basis of source, application, and region:

• Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Bio-based PDO

  • Petrochemical-based PDO

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Polytrimethylene Terephthalate (PTT)

  • Polyurethane (PU)

  • Personal Care & Detergents

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • North America

  • U.S.

  • Canada

  • Mexico

  • Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Central & South America

  • Brazil

  • Argentina

  • Middle East & Africa

  • Saudi Arabia

  • South Africa