The global 1,3 propanediol market size is anticipated to reach USD 799.7 million by 2030, growing at a CAGR of 9.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for the product can be attributed to the rising demand for polytrimethylene terephthalate from various end-use industries, such as personal care, cosmetics, and cleaning products.
1,3 Propanediol Market Report Highlights
- The bio-based segment is expected to have the largest revenue share of 55.9% in 2023. The increasing demand for eco-friendly, sustainable, and biodegradable products is a major driver. As industries and consumers become more environmentally conscious, there’s a shift towards using bio-based chemicals, and 1,3-propanediol, derived from renewable resources, fits this bill perfectly.
- The polytrimethylene terephthalate (PTT) segment dominated the global market in 2023 and accounted for a revenue share of 74.4% in 2023. PTT’s applications in the textile and carpet industry, where it’s valued for its excellent fiber-forming capabilities, resilience, and stain resistance, massively drive its demand. 1,3-Propanediol acts as a crucial monomer in the production of PTT, contributing to its elasticity, strength, and comfort properties in textiles.
- Asia Pacific accounted for a significant revenue share of 57% in 2023. The demand for bioplastics is evident in every major region, especially in the Asia Pacific owing to favorable government policies and regulations aimed at encouraging the use of bio-based products.
- Key industry participants include DuPont; Metabolic Biopolymer; Zhangijagang Glory Biomaterial Co., Ltd.; Zouping Mingxing Chemicals Co., Ltd; Shell Chemicals LP; Tokyo Chemicals Industry Co., Ltd; Shenghong Group Holdings; Primient; and Haihang Industry., among others.
- In July 2023, Primient CovationBio PDO announced its expansion of the Beauty and Personal Care distribution territory of Essential Ingredients for Zemea propanediol to include the western U.S.
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Changing customer preferences toward bio-based products are expected to drive the global market. The growing acceptance of bio-based products across diverse end-use industries is presumed to complement the market growth further. Companies are focusing on increasing the renewable content in their products for various reasons. The need to reduce carbon emissions and create more sustainable products has increased the demand for bio-based products.
The bio-based segment dominated the global market in 2023 and accounted for a revenue share of 55.9% of the overall market. The production from biomass imparts distinct characteristics, making it an attractive option for eco-conscious industries. It reduces reliance on finite fossil resources and mitigates environmental impact by lowering greenhouse gas emissions and reducing dependency on petrochemical feedstocks.
The polytrimethylene terephthalate (PTT) segment dominated the global market in 2023 and accounted for a revenue share of 67.5% of the overall market. This is attributable to the product’s exceptional characteristics, such as resilience, stain resistance, and environmental sustainability. PTT is used as a crucial polymer in the formulation of various composites, adhesives, laminates, and moldings.
List of Major Companies in the 1,3 Propanediol Market
- DuPont
- Metabolic Biopolymer
- Zhangjiagang Glory Biomaterial Co., Ltd.
- Zouping Mingxing Chemical Co., Ltd.
- Shell Chemicals LP
- Tokyo Chemical Industry Co., Ltd.
- Shenghong Group Holdings
- Primient
- Haihang Industry
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We have segmented the global 1,3 propanediol market report based on product, application, and region.
1,3 Propanediol Product Outlook
- Convention
- Bio-based
1,3 Propanediol Application Outlook
- Polytimethylene Terapthalate
- Polyurethane
- Personal Care
- Others
1,3 Propanediol Region Outlook
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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