Grand View Research, Inc. – Market Research And Consulting.According to the latest report published by Grand View Research, Global 1,3 Propanediol Market size will grow to $776.3 million by 2022 from $300.2 million in 2014, growing at CAGR of 13.4% from 2015 to 2022, growing PTT and polyurethane consumption is expected to drive market growth.The global 1,3 propanediol (PDO) market is expected to reach USD 776.3 million by 2022, according to a new study by Grand View Research, Inc. Growing polytrimethylene terephthalate (PTT) and polyurethane consumption across various end-use industries is expected to drive the global PDO market. Growth of personal care industry particularly in emerging markets of Asia Pacific and Latin America is also expected to have a positive influence on the market growth. Growing environmental concerns and mandates are likely to assist the growth of bio-based 1,3 PDO market over the forecast period. Favorable regulations and government policies encouraging biodiesel production is presumed to further augment the market growth. Low white space availability on account of multiple proprietary methods developed by the market participants is anticipated to ward off new entrants and may slow down market development.
Global 1,3 PDO market volume by application, 2012-2022 (Kilo Tons)
Full research report on Global 1,3 Propanediol (PDO) Market with detailed figures and charts available at:
http://www.grandviewresearch.com/industry-analysis/1-3-propanediol-pdo-market
Further key findings from the study suggest:
- Global 1,3 propanediol market demand was 146 kilo tons in 2014 and is expected to reach 225.9 kilo tons by 2022, growing at a CAGR of 5.8% from 2015 to 2022.
- PTT emerged as the leading application segment and accounted for 71.8% of total market volume in 2014. Industry shift towards replacing conventional polyesters by PTT is expected to remain a key driving factor for this segment over the forecast period. Polyurethane is expected to be one of the fastest growing application segment at a CAGR of 5.9% from 2015 to 2022. Increasing PU penetration across automotive and construction industries is expected to drive the global market.
- North America emerged as a clear leader in the global PDO market and accounted for 74.0% of total market volume in 2014. Favorable regulatory scenario particularly in the U.S. to promote bio-based chemicals is expected to drive the regional market. North America is expected to maintain its lead position in the global market over the forecast period.
- Asia Pacific is expected to witness the highest growth rate of 6.2% from 2015 to 2022. Growth of regional automotive industry coupled with increasing construction spending is expected to drive the regional market over the next seven years.
- Major industry participants have been taking initiatives to develop bio-based 1,3 PDO with superior properties. Companies are constantly involved in mergers & acquisitions or forging partnerships with those who possess R&D capabilities and have access to raw materials. Key industry participants include DuPont Tate & Lyle Bio Products, Metabolic Explorer, Zhangjiagang Glory Biomaterial Co. Ltd., Zouping Mingxing Chemical Co. Ltd and Shenghong Group.
Get more information on Global 1,3 Propanediol (PDO) Market or request for sample of this research report at:
http://www.grandviewresearch.com/industry-analysis/1-3-propanediol-pdo-market
For the purpose of this study, Grand View Research has segmented the 1,3 PDO market on the basis of application and region:
Global 1, 3 Propanediol (PDO) Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2022)
- Polytrimethylene Terephthalate (PTT)
- Polyurethane (PU)
- Personal Care & Detergents
- Others
Global 1,3 Propanediol (PDO) Regional Outlook (Volume Kilo Tons; Revenue, USD Million, 2015 – 2022)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East and Africa
View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/renewable-chemicals
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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