1,3-Propanediol (PDO) Market by Application and Geography - Forecast and Analysis 2021-2025

The 1,3-propanediol (PDO) market size has the potential to grow by USD 360.88 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 12.93%. 

This report provides a detailed analysis of the market by application (PTT, polyurethane, personal care and detergents, and others), geography (North America, APAC, Europe, South America, and MEA), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

• ChemImpex International Inc.
• Connect Chemicals GmbH
• DuPont Tate & Lyle Bio Products Company LLC
• Haihang Industry Co. Ltd.
• Koninklijke DSM NV
• Merck KGaA
• METabolic EXplorer SA
• Royal Dutch Shell Plc
• Thermo Fisher Scientific Inc.
• Tokyo Chemical Industry Co. Ltd. 

The PDO market is fragmented and the vendors are deploying growth strategies such as promoting their product offerings through a clear and unique value proposition to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as growing polyester applications across various industries to achieve growth opportunities. However, factors such as lack of awareness of environment-friendly products will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the 1,3-propanediol market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This 1,3-propanediol market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

1,3-Propanediol (PDO) Market: Key Drivers and Trends

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1,3-Propanediol (PDO) Market: Segmentation by Geography

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74% of the market’s growth will originate from North America during the forecast period. The US is a key market for 1,3-propanediol in North America. Market growth in North America will be faster than the growth of the market in other regions.

The large consumption of PTT is one of the prime factors that will facilitate the PDO market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

1,3-Propanediol (PDO) Market: Segmentation by Application

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The PDO market for PTT is anticipated to grow at a faster pace in comparison with other application segments because of the industry shift toward replacing conventional polyesters. PDO is an essential ingredient for manufacturing PTT. Its demand is rising gradually and thus, fueling the demand for PDO. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the 1,3-propanediol market size.

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1,3-Propanediol (PDO) Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive 1,3-propanediol market growth during the next five years
• Precise estimation of the PDO market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the 1,3-propanediol industry across North America, APAC, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of 1,3-propanediol market vendors

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