1,3-Propanediol Market Size, Share, and Growth Analysis

1,3-Propanediol Market By Source(Bio-Based, Petrochemical-Based), By Application(Polyurethane, Textile, Footwear, Automotive), By Region(North America, Europe, Asia Pacific, Latin America) - Industry Forecast 2025-2032

Format -

1,3-Propanediol Market Insights

Market Overview:

In 2020, the 1,3-Propanediol market reached a significant valuation of more than USD 450 million. Looking ahead, the market is projected to experience a steady compound annual growth rate (CAGR) of 8.3% during the period from 2021 to 2027. This positive growth trajectory indicates promising prospects for the 1,3-Propanediol industry, potentially driven by factors such as increasing demand and favorable market conditions.

1,3-Propanediol Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028

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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The 1,3-Propanediol Market is segmented by Source, Application, Region. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

1,3-Propanediol Market Basis Point Share Analysis, 2021 Vs. 2028

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Based on Source the market is segmented as, Bio-Based, Petrochemical-Based
Based on Application the market is segmented as, Polyurethane, Textile, Footwear, Automotive, Furniture, Others, Polytrimethylene Terephthalate (PTT), Personal Care & Detergents, Pharmaceutical, Food & Beverages, Heat Transfer Fluid, Inks and Coatings, Others
Based on Region the market is segmented as, North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Regional Analysis:

1,3-Propanediol Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

1,3-Propanediol Market Attractiveness Analysis, By Region 2020-2028

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1,3-Propanediol Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on 1,3-Propanediol Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect 1,3-Propanediol Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key 1,3-Propanediol Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the 1,3-Propanediol Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

ends
1,3-Propanediol market size was over USD 450 million in 2020 and is estimated to grow over 8.3% CAGR between 2021 and 2027 owing to rising demand for green & sustainable products. Increasing demand for 1,3-propanediol from cosmetics & personal care application will pave way for the growth opportunity in the market.
1,3-Propanediol is a bifunctional organic compound, which can be produced either via petrochemical or bio-based routes. 1,3-propanediol is a building block to produce polymers such as polytrimethylene terephthalate & polyurethane along with the production of paints & coatings, resins and adhesives. It can be chemically synthesized from petrochemicals such as propenal or ethylene oxide. The bio-based route includes fermentation of glycerol or fermentation of sugars. Glycerol is the by-product of biodiesel production.
Increasing inclination towards sustainable development and green economy across the globe is set to play key role in the 1,3-propanediol market growth during the forecast period. The increasing demand for bio-based products and emphasize on R&D activities is driving the demand for 1,3-propanediol for various application including personal care & cosmetics. The global trend towards the adoption of organic & green cosmetics products is likely to spur the demand for 1,3-propanediol for applications such as, solvent, preservative booster and humectant.
Growth Drivers: North America: Growing demand for advanced bio-based polymers Europe: Growing penetration of bio-based products and Stringent regulations to foster the industry growth Asia Pacific: Increasing Biodiesel production to pave way for Bio-based routePitfalls & Challenges:Availability of substitutesTo get details on how to order this report click here
In 2020, the global cosmetics market is estimated to be valued over USD 335 billion and is expected witness steady growth during the forecast period. Increasing spending on beauty products, acceleration of urbanization, shifting consumer interest towards innovative and premium products, penetration of e-commerce in the industry, and the growth of upper middle classes. This in turn is set to drive the 1,3 propanediol market share from personal care & cosmetics industry.
Increasing demand for eco-friendly alternative to petroleum-based products to spur the demand for bio-based 1,3-propanediol during the assessment period
The 1,3-propanediol market is segmented by source into bio-based and petrochemical-based. Bio-based segment accounted for a largest revenue share in the global market, valued at USD 363.47 Million in 2020. Growing environmental awareness, increasing demand for bio-based products, and government intensives is expected to augment the market growth.
The demand for biodiesel increased significantly in recent past driven by favorable government initiatives and mandates such as, European Union set up a mandator biofuel target of 10% for the European transport sector in 2020. Increasing biodiesel production particularly in Asia-Pacific and Europe has resulted into increased availability of glycerol and reduction in price. This may boost the development of the glycerol fermentation pathway.
Increasing demand for bio-based polyurethane for various applications to augment the market growth
The global market is bifurcated on the basis of application as polyurethane, polytrimethylene terephthalate (PTT), personal care & detergents, pharmaceutical, food & beverages, heat transfer fluid, inks and coatings and others. Polyurethane application was valued at USD 80.90 million in 2020. Increasing demand for high performance and bio-based polymer textile, footwear and automotive application will augment the 1,3-propanediol market revenue. Moreover, increasing bio-based polyurethane coatings, bio-based waterproof breathable films, bio-based TPU outsoles and bio-based synthetic leather uppers will augment the market growth.
The long-term growth of the market is set to be optimistic owing to significant investment for Research & development and capacity expansion in bio-based product universe. Furthermore, favorable government policies for green economy and sustainable development, changing lifestyle and economic growth will support the growth of the global 1,3-propanediol market.
Booming Pharmaceutical & Cosmetics industry in Asia-Pacific to surface growth opportunity
Asia-Pacific was valued at USD 148.8 million in 2020 and is anticipated to register a CAGR of 9.6% during the review period. The market growth is attributed to increasing manufacturing of personal care & cosmetic product in Asia-Pacific region such as in China and India driven by increasing consumer spending and growing affluent population. Furthermore, growing automotive industry coupled with increasing investment in construction activities to spur the 1,3-propanediol market sales.
In sync with the global trend the companies in the region are adapting to new technologies and are looking for renewable and sustainable products. Furthermore, favorable government regulations and mandated regarding biodiesel in countries such as China, India, Indonesia, and Malaysia are leading to increase in biodiesel production thereby contribute to higher glycerol production and in turn will assist the 1,3-Propanediol market growth. In countries such as China and Malaysia several manufacturers are investing in R&D for process development and building production units of 1,3-propanediol to meet the growing demand in the Asia Pacific.
Strategies such as mergers, collaboration and capacities are implemented to enhance the competitiveness in the market
The global market is consolidated in nature comprising of a very limited players, primarily owing to patented production technologies. Key players operating in the 1,3-Propanediol industry include Dupont, Tate & Lyle Bio Products Company, Haihang Industry Co., Ltd, METabolic Explorer, Zouping Mingxing Chemical Co., Ltd, Zhangjiagang Huamei Biomaterial Co., Ltd, Hunan Rivers Bioengineering Co., Ltd, and Shangdong Mingxing. Leading market participants such as Dupont, Tate & Lyle Bio Products Company and METabolic Explorer are emphasizing on investing on increasing production capacities to meet the increasing demand for product in the market.
In 2019, DSM announced that it formed a strategic alliance with METEX NØØVISTA, the subsidiary of METABOLIC EXPLORER to market bio-based cosmetic grade 1,3-propanediol produced at METEX NØØVISTA production site at Carling Saint Avold, France with an initial annual capacity of 5 KT.
In 2018, DuPont Tate & Lyle Bio Products Company, LLC announced its plan to increase the production capacity of bio-based 1,3-propanediol at its Loudon, Tennessee manufacturing facility by 35 million pounds annually.
KEY MARKET SEGMENTS
By Source
Bio-Based
Petrochemical-Based
By Application
Polyurethane
Textile
Footwear
Automotive
Furniture
Others
Polytrimethylene Terephthalate (PTT)
Personal Care & Detergents
Pharmaceutical
Food & Beverages
Heat Transfer Fluid
Inks and Coatings
Others
By Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa

SkyQuest's Expertise:

The 1,3-Propanediol Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute	Details
The base year for estimation	2021
Historical data	2016 – 2022
Forecast period	2022 – 2028
Report coverage	Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered	By Source - Bio-Based, Petrochemical-Based By Application - Polyurethane, Textile, Footwear, Automotive, Furniture, Others, Polytrimethylene Terephthalate (PTT), Personal Care & Detergents, Pharmaceutical, Food & Beverages, Heat Transfer Fluid, Inks and Coatings, Others By Region - North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Regional scope	North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope	U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled	ends 1,3-Propanediol market size was over USD 450 million in 2020 and is estimated to grow over 8.3% CAGR between 2021 and 2027 owing to rising demand for green & sustainable products. Increasing demand for 1,3-propanediol from cosmetics & personal care application will pave way for the growth opportunity in the market. 1,3-Propanediol is a bifunctional organic compound, which can be produced either via petrochemical or bio-based routes. 1,3-propanediol is a building block to produce polymers such as polytrimethylene terephthalate & polyurethane along with the production of paints & coatings, resins and adhesives. It can be chemically synthesized from petrochemicals such as propenal or ethylene oxide. The bio-based route includes fermentation of glycerol or fermentation of sugars. Glycerol is the by-product of biodiesel production. Increasing inclination towards sustainable development and green economy across the globe is set to play key role in the 1,3-propanediol market growth during the forecast period. The increasing demand for bio-based products and emphasize on R&D activities is driving the demand for 1,3-propanediol for various application including personal care & cosmetics. The global trend towards the adoption of organic & green cosmetics products is likely to spur the demand for 1,3-propanediol for applications such as, solvent, preservative booster and humectant. Growth Drivers: North America: Growing demand for advanced bio-based polymers Europe: Growing penetration of bio-based products and Stringent regulations to foster the industry growth Asia Pacific: Increasing Biodiesel production to pave way for Bio-based routePitfalls & Challenges:Availability of substitutesTo get details on how to order this report click here In 2020, the global cosmetics market is estimated to be valued over USD 335 billion and is expected witness steady growth during the forecast period. Increasing spending on beauty products, acceleration of urbanization, shifting consumer interest towards innovative and premium products, penetration of e-commerce in the industry, and the growth of upper middle classes. This in turn is set to drive the 1,3 propanediol market share from personal care & cosmetics industry. Increasing demand for eco-friendly alternative to petroleum-based products to spur the demand for bio-based 1,3-propanediol during the assessment period The 1,3-propanediol market is segmented by source into bio-based and petrochemical-based. Bio-based segment accounted for a largest revenue share in the global market, valued at USD 363.47 Million in 2020. Growing environmental awareness, increasing demand for bio-based products, and government intensives is expected to augment the market growth. The demand for biodiesel increased significantly in recent past driven by favorable government initiatives and mandates such as, European Union set up a mandator biofuel target of 10% for the European transport sector in 2020. Increasing biodiesel production particularly in Asia-Pacific and Europe has resulted into increased availability of glycerol and reduction in price. This may boost the development of the glycerol fermentation pathway. Increasing demand for bio-based polyurethane for various applications to augment the market growth The global market is bifurcated on the basis of application as polyurethane, polytrimethylene terephthalate (PTT), personal care & detergents, pharmaceutical, food & beverages, heat transfer fluid, inks and coatings and others. Polyurethane application was valued at USD 80.90 million in 2020. Increasing demand for high performance and bio-based polymer textile, footwear and automotive application will augment the 1,3-propanediol market revenue. Moreover, increasing bio-based polyurethane coatings, bio-based waterproof breathable films, bio-based TPU outsoles and bio-based synthetic leather uppers will augment the market growth. The long-term growth of the market is set to be optimistic owing to significant investment for Research & development and capacity expansion in bio-based product universe. Furthermore, favorable government policies for green economy and sustainable development, changing lifestyle and economic growth will support the growth of the global 1,3-propanediol market. Booming Pharmaceutical & Cosmetics industry in Asia-Pacific to surface growth opportunity Asia-Pacific was valued at USD 148.8 million in 2020 and is anticipated to register a CAGR of 9.6% during the review period. The market growth is attributed to increasing manufacturing of personal care & cosmetic product in Asia-Pacific region such as in China and India driven by increasing consumer spending and growing affluent population. Furthermore, growing automotive industry coupled with increasing investment in construction activities to spur the 1,3-propanediol market sales. In sync with the global trend the companies in the region are adapting to new technologies and are looking for renewable and sustainable products. Furthermore, favorable government regulations and mandated regarding biodiesel in countries such as China, India, Indonesia, and Malaysia are leading to increase in biodiesel production thereby contribute to higher glycerol production and in turn will assist the 1,3-Propanediol market growth. In countries such as China and Malaysia several manufacturers are investing in R&D for process development and building production units of 1,3-propanediol to meet the growing demand in the Asia Pacific. Strategies such as mergers, collaboration and capacities are implemented to enhance the competitiveness in the market The global market is consolidated in nature comprising of a very limited players, primarily owing to patented production technologies. Key players operating in the 1,3-Propanediol industry include Dupont, Tate & Lyle Bio Products Company, Haihang Industry Co., Ltd, METabolic Explorer, Zouping Mingxing Chemical Co., Ltd, Zhangjiagang Huamei Biomaterial Co., Ltd, Hunan Rivers Bioengineering Co., Ltd, and Shangdong Mingxing. Leading market participants such as Dupont, Tate & Lyle Bio Products Company and METabolic Explorer are emphasizing on investing on increasing production capacities to meet the increasing demand for product in the market. In 2019, DSM announced that it formed a strategic alliance with METEX NØØVISTA, the subsidiary of METABOLIC EXPLORER to market bio-based cosmetic grade 1,3-propanediol produced at METEX NØØVISTA production site at Carling Saint Avold, France with an initial annual capacity of 5 KT. In 2018, DuPont Tate & Lyle Bio Products Company, LLC announced its plan to increase the production capacity of bio-based 1,3-propanediol at its Loudon, Tennessee manufacturing facility by 35 million pounds annually. KEY MARKET SEGMENTS By Source Bio-Based Petrochemical-Based By Application Polyurethane Textile Footwear Automotive Furniture Others Polytrimethylene Terephthalate (PTT) Personal Care & Detergents Pharmaceutical Food & Beverages Heat Transfer Fluid Inks and Coatings Others By Region North America Europe Asia Pacific Latin America Middle East and Africa
Customization scope	Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

Market Estimation for 20+ Countries
Historical data coverage: 2016 to 2022
Growth projections: 2022 to 2028
SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures, 10+ matrix
Global and Country Market Trends
Comprehensive Mapping of Industry Parameters
Attractive Investment Proposition
Competitive Strategies Adopted by Leading Market Participants
Market drivers, restraints, opportunities, and its impact on the market
Regulatory scenario, regional dynamics, and insights of leading countries in each region
Segment trends analysis, opportunity, and growth
Opportunity analysis by region and country
Porter's five force analysis to know the market's condition
Pricing analysis
Parent market analysis
Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

Exhibit: Executive Summary – Chart on Market Overview
Exhibit: Executive Summary – Data Table on Market Overview
Exhibit: Executive Summary – Chart on 1,3-Propanediol Market Characteristics
Exhibit: Executive Summary – Chart on Market by Geography
Exhibit: Executive Summary – Chart on Market Segmentation
Exhibit: Executive Summary – Chart on Incremental Growth
Exhibit: Executive Summary – Data Table on Incremental Growth
Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
  - Drivers
  - Opportunities
  - Restraints
  - Challenges
SWOT Analysis

KEY MARKET INSIGHTS

Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
Macroeconomic Indicators

COVID IMPACT

Introduction
Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
Revised Market Size
- Exhibit: Data Table on 1,3-Propanediol Market size and forecast 2021-2027 ($ million)
Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
  - Drivers
  - Opportunities
  - Restraints
  - Challenges
Regulatory Landscape
- Exhibit: Data Table on regulation from different region
SWOT Analysis
Porters Analysis
- Competitive rivalry
  - Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
  - Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
  - Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
  - Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
  - Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Market Size by Region

Chart on Market share by geography 2021-2027 (%)
Data Table on Market share by geography 2021-2027(%)
North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- France
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- India
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

Competitive Landscape
- Total number of companies covered
  - Exhibit: companies covered in the report, 2021
- Top companies market positioning
  - Exhibit: company positioning matrix, 2021
- Top companies market Share
  - Exhibit: Pie chart analysis on company market share, 2021(%)
ends
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
1,3-Propanediol market size was over USD 450 million in 2020 and is estimated to grow over 8.3% CAGR between 2021 and 2027 owing to rising demand for green & sustainable products. Increasing demand for 1,3-propanediol from cosmetics & personal care application will pave way for the growth opportunity in the market.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
1,3-Propanediol is a bifunctional organic compound, which can be produced either via petrochemical or bio-based routes. 1,3-propanediol is a building block to produce polymers such as polytrimethylene terephthalate & polyurethane along with the production of paints & coatings, resins and adhesives. It can be chemically synthesized from petrochemicals such as propenal or ethylene oxide. The bio-based route includes fermentation of glycerol or fermentation of sugars. Glycerol is the by-product of biodiesel production.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Increasing inclination towards sustainable development and green economy across the globe is set to play key role in the 1,3-propanediol market growth during the forecast period. The increasing demand for bio-based products and emphasize on R&D activities is driving the demand for 1,3-propanediol for various application including personal care & cosmetics. The global trend towards the adoption of organic & green cosmetics products is likely to spur the demand for 1,3-propanediol for applications such as, solvent, preservative booster and humectant.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Growth Drivers: North America: Growing demand for advanced bio-based polymers Europe: Growing penetration of bio-based products and Stringent regulations to foster the industry growth Asia Pacific: Increasing Biodiesel production to pave way for Bio-based routePitfalls & Challenges:Availability of substitutesTo get details on how to order this report click here
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
In 2020, the global cosmetics market is estimated to be valued over USD 335 billion and is expected witness steady growth during the forecast period. Increasing spending on beauty products, acceleration of urbanization, shifting consumer interest towards innovative and premium products, penetration of e-commerce in the industry, and the growth of upper middle classes. This in turn is set to drive the 1,3 propanediol market share from personal care & cosmetics industry.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Increasing demand for eco-friendly alternative to petroleum-based products to spur the demand for bio-based 1,3-propanediol during the assessment period
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
The 1,3-propanediol market is segmented by source into bio-based and petrochemical-based. Bio-based segment accounted for a largest revenue share in the global market, valued at USD 363.47 Million in 2020. Growing environmental awareness, increasing demand for bio-based products, and government intensives is expected to augment the market growth.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
The demand for biodiesel increased significantly in recent past driven by favorable government initiatives and mandates such as, European Union set up a mandator biofuel target of 10% for the European transport sector in 2020. Increasing biodiesel production particularly in Asia-Pacific and Europe has resulted into increased availability of glycerol and reduction in price. This may boost the development of the glycerol fermentation pathway.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Increasing demand for bio-based polyurethane for various applications to augment the market growth
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
The global market is bifurcated on the basis of application as polyurethane, polytrimethylene terephthalate (PTT), personal care & detergents, pharmaceutical, food & beverages, heat transfer fluid, inks and coatings and others. Polyurethane application was valued at USD 80.90 million in 2020. Increasing demand for high performance and bio-based polymer textile, footwear and automotive application will augment the 1,3-propanediol market revenue. Moreover, increasing bio-based polyurethane coatings, bio-based waterproof breathable films, bio-based TPU outsoles and bio-based synthetic leather uppers will augment the market growth.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
The long-term growth of the market is set to be optimistic owing to significant investment for Research & development and capacity expansion in bio-based product universe. Furthermore, favorable government policies for green economy and sustainable development, changing lifestyle and economic growth will support the growth of the global 1,3-propanediol market.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Booming Pharmaceutical & Cosmetics industry in Asia-Pacific to surface growth opportunity
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Asia-Pacific was valued at USD 148.8 million in 2020 and is anticipated to register a CAGR of 9.6% during the review period. The market growth is attributed to increasing manufacturing of personal care & cosmetic product in Asia-Pacific region such as in China and India driven by increasing consumer spending and growing affluent population. Furthermore, growing automotive industry coupled with increasing investment in construction activities to spur the 1,3-propanediol market sales.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
In sync with the global trend the companies in the region are adapting to new technologies and are looking for renewable and sustainable products. Furthermore, favorable government regulations and mandated regarding biodiesel in countries such as China, India, Indonesia, and Malaysia are leading to increase in biodiesel production thereby contribute to higher glycerol production and in turn will assist the 1,3-Propanediol market growth. In countries such as China and Malaysia several manufacturers are investing in R&D for process development and building production units of 1,3-propanediol to meet the growing demand in the Asia Pacific.
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Strategies such as mergers, collaboration and capacities are implemented to enhance the competitiveness in the market
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The global market is consolidated in nature comprising of a very limited players, primarily owing to patented production technologies. Key players operating in the 1,3-Propanediol industry include Dupont, Tate & Lyle Bio Products Company, Haihang Industry Co., Ltd, METabolic Explorer, Zouping Mingxing Chemical Co., Ltd, Zhangjiagang Huamei Biomaterial Co., Ltd, Hunan Rivers Bioengineering Co., Ltd, and Shangdong Mingxing. Leading market participants such as Dupont, Tate & Lyle Bio Products Company and METabolic Explorer are emphasizing on investing on increasing production capacities to meet the increasing demand for product in the market.
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In 2019, DSM announced that it formed a strategic alliance with METEX NØØVISTA, the subsidiary of METABOLIC EXPLORER to market bio-based cosmetic grade 1,3-propanediol produced at METEX NØØVISTA production site at Carling Saint Avold, France with an initial annual capacity of 5 KT.
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In 2018, DuPont Tate & Lyle Bio Products Company, LLC announced its plan to increase the production capacity of bio-based 1,3-propanediol at its Loudon, Tennessee manufacturing facility by 35 million pounds annually.
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KEY MARKET SEGMENTS
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By Source
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Bio-Based
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Petrochemical-Based
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By Application
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Polyurethane
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Textile
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Footwear
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Automotive
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Furniture
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Others
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Polytrimethylene Terephthalate (PTT)
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Personal Care & Detergents
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Pharmaceutical
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Food & Beverages
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Heat Transfer Fluid
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Inks and Coatings
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Others
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By Region
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North America
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Europe
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Asia Pacific
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Latin America
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Middle East and Africa
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Methodology

For the 1,3-Propanediol Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the 1,3-Propanediol Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the 1,3-Propanediol Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the 1,3-Propanediol Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

1,3-Propanediol Market Report Snapshots

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