1, 3 - Propanediol Market - By Application (Polytrimethylene Terephthalate (PTT), Polyurethane (PU), Cosmetics, Personal Care, and Cleaning Products, Others) By Region (North America, Europe, Asia Pacific, Middle East & Africa, RoW) - Industry Analysis, opportunity and Forecast 2020 To 2027
Published Date: May 2021
No. of Pages: 193
Status: Published
Report Code: ARI100803
1, 3 PDO can be synthesized from both bio-based and petrochemical-based sources. Glycerol has been gaining prominence as s major raw material for manufacturing 1,3 PDO. Glycerol is produced as a by-product during biodiesel manufacturing and increasing biodiesel production is also expected to have a positive influence on market growth. A steady shift towards reducing reliance on petroleum products on account of growing environmental concerns and volatility associated with their pricing has prompted the demand for biodiesel which in turn is expected to impact positively 1,3 PDO market. The current slump in crude prices, though a temporary situation, is presumed to impact the conventional production process positively. Low white space in the industry is anticipated to remain a key challenge for market participants. Increasing R&D initiatives to develop novel bio-based raw materials are expected to yield opportunities for market participants over the forecast period. Bio-based PDO is presumed to witness a high growth rate compared to its conventional counterpart.
Traditional products are synthesized from crude oil-based raw materials such as ethylene oxide and acrolein. Bio-based 1,3 PDO can be produced from glycerol and corn syrup. Bio-based methods have several advantages over conventional production including lower cost, less energy used, product biodegradability, low environmental impact, and non-toxic process. On the other hand, traditional methods are cumbersome, expensive, and have a higher environmental impact. Such inherent benefits are presumed to complement the global bio-based 1,3 PDO market growth. R&D initiatives to develop newer bio-based sources promise vast opportunities for the existing as well as new industry entrants. The shift in trends to reduce fossil fuel dependence is also expected to play a critical part in assisting the bio-based raw material market growth.
The key market players profiled in the report include as DuPont Tate & Lyle Bio Products Company, LLC (US), Zhangjiagang Glory Biomaterial Co., Ltd. (China), Haihang Industry Company Ltd. (China), Tokyo Chemical Industry Co., Ltd. (Japan), ZoupingMingxing Chemical Co., Ltd. (China), and Merck KGgA (Germany), In addition, players such as METabolicEXplorer (France) and Sheng Hong Group Holdings Ltd. (China) who are planning to enter 1,3-propanediol market have also been profiled.
DuPont Tate & Lyle Bio Products Company, LLC (US), is the largest manufacturer of bio-based 1,3-propanediol, globally. The company has a strong distribution network in the Americas, Europe, Middle East & Africa (EMEA), and APAC. The company focuses on enhancing its geographic presence and is strengthening its foothold in the different regions through strategic alliances. The company is also concentrating on developing products for emerging end-use applications. It is partnering with end-users for the development of products that effectively utilize bio-based 1,3-propanediol.
Analyst Commentary
Increasing use of 1,3-propanediol in various applications such as polytrimethylene terephthalate (PTT), polyurethane (PU), cosmetics, personal care, and cleaning products is expected to drive the market growth
1,3 PDO is majorly used in Polytrimethylene terephthalate (PTT), which is further used in the manufacturing of carpet, leisure & sportswear, and other textile applications. COVID-19 has impacted the demand for PTT from end-use applications due to nationwide lockdown and partial production operations in the industry. Moreover, demand for leisure & sportswear and other apparel has witnessed declined due to lockdown. Similarly, 1,3 PDO is widely used as an ingredient in personal care and cosmetic industry. The demand for 1,3 PDO is directly related to the consumption of cosmetic products. COVID-19 has impacted to cosmetic and beauty products industry abruptly as demand from professional and domestic users has dropped significantly. Lockdown in different countries and restrictions in operating beauty parlors and salons has resulted in a decrease in demand from professional users, and the same has been impacted the demand from domestic users.
The PTT application is projected to dominate the overall 1,3-propanediol market during the forecast period. The growing demand for PTT in various applications, such as carpets and apparel, due to its long-lasting, quick-drying, fade resistance, good stretch & recovery, and wrinkle resistance properties, are driving its demand.
Segmentation
The global 1, 3-propanediol market is segmented based on application and region. On the basis of application the market is segmented into Polytrimethylene terephthalate (PTT), Polyurethane (PU), Cosmetics, personal care, and cleaning products, Others.
Regional Analysis
The 1,3propanediol market is segmented across five regions: Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. Among these, North America was the leading region in 2016 and is expected to retain its dominance over the forecast period. The growing demand for PTT in the developed end use industries is expected to fuel the market growth during the review period.
Moreover, the growing inclination towards the use of bio-based products along with the prevalence of stringent environmental regulations has increased the production of biodiesel mainly in the U.S. and Canada, which, in turn surging the market growth of 1,3-propanediol. For instance, according to the U.S. Energy Information Administration, the production of biodiesel in the U.S. was 144 million gallons in 2016, and it increased to 148 million gallons in December 2017. The growing biodiesel production is expected to positively contribute to the market growth owing to the use of Glycerol (a by product of biodiesel production process) in the manufacturing of 1, 3-propanediol.
Asia Pacific is anticipated to be the fastest growing market during the forecast period. The growing demand for cosmetics & personal care and household care products is anticipated to boost the market growth. Furthermore, with the growing investment in the development of retail sector has made the availability of consumer goods easier, which, in turn, is surging the demand for 1, 3-propanediol from the personal care and home care industry.
The European market is anticipated to show a steady CAGR during the forecast period. The developed automobile and cosmetic & personal care industry is expected to be the key factor driving the market in this region. Moreover, the growing inclination towards the production of biodiesel is another factor increasing the demand for 1,3propanediol in the region.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
2.3.1. Secondary Sources
2.3.1.1. Preliminary data mining
2.3.2. Primary Sources
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. xx
3.3. Market drivers
3.3.1. Impact analysis of Market Drivers
3.4. Market restraints
3.4.1. Impact analysis of Market Restraints
3.5. Market opportunities
3.5.1. Impact analysis of Market Opportunities
3.6. Market Challenges
3.6.1. Impact analysis of Market Trends
3.7. Porter’s Five Forces’ analysis
3.7.1. Bargaining Power of Suppliers
3.7.2. Bargaining Power of Buyers
3.7.3. Threat of New Entrant
3.7.4. Threat of Substitutes
3.7.5. High Competitive Rivalry
3.8. Value chain analysis
Chapter 4. COVID-19 Impact On 1, 3 - Propanediol Market
Chapter 5. Global 1, 3 - Propanediol Market Overview, By Application, 2015 – 2027 (USD Million)
5.1. Global 1, 3 - Propanediol Market Share, By Application, 2020 & 2027 (%)
5.1.1. Polytrimethylene Terephthalate
5.1.1.1. Market Size and Projections,2015 – 2027 (USD Million)
5.1.1.2. Market Size and Projections, by Region, 2015 - 2027(USD Million)
5.1.2. Polyurethane
5.1.2.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.2.2. Market Size and Projections, by Region, 2015 - 2027(USD Million)
5.1.3. Cosmetics & Personal Care
5.1.3.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.3.2. Market Size and Projections, by Region, 2015 - 2027(USD Million)
5.1.4. Cleaning Products
5.1.4.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.4.2. Market Size and Projections, by Region, 2015 - 2027(USD Million)
5.1.5. Others
5.1.5.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.5.2. Market Size and Projections, by Region, 2015 - 2027(USD Million)
Chapter 6. Global 1, 3 - Propanediol Market Overview, By Geography, 2015 - 2027 (USD Million)
6.1. Global 1, 3 - Propanediol Market Share, By Geography, 2015 - 2027(USD Million)
6.1.1. Market Size and projections, by Countries, 2015 - 2027 (USD Million)
6.1.2. Market Share and CAGR Comparison, by Countries, 2020 (%)
Chapter 7. North America 1, 3 - Propanediol Market Overview, By Countries, 2015 - 2027(USD Million)
7.1. North America 1, 3 - Propanediol Market Overview, 2020 & 2027 (%)
7.1.1. Market size and projections, 2015 - 2027 (USD Million)
7.1.2. North America 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
7.1.3. North America 1, 3 - Propanediol Market Overview, By Countries, 2015 - 2027 (USD Million)
7.1.3.1. U.S. 1, 3 - Propanediol Market Overview, 2015 - 2027 (USD Million)
7.1.3.1.1. Market size and projections, 2015 - 2027 (USD Million)
7.1.3.1.2. U.S. 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027 (USD Million)
7.1.3.2. Canada 1, 3 - Propanediol Market Overview, 2015 - 2027 (USD Million)
7.1.3.2.1. Market size and projections, 2015 - 2027 (USD Million)
7.1.3.2.2. Canada 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027 (USD Million)
7.1.3.3. Mexico 1, 3 - Propanediol Market Overview, 2015 - 2027 (USD Million)
7.1.3.3.1. Market size and projections, 2015 - 2027 (USD Million)
7.1.3.3.2. Mexico 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027 (USD Million)
Chapter 8. Europe 1, 3 - Propanediol Market Overview, By Countries, 2015 - 2027(USD Million)
8.1. Europe 1, 3 - Propanediol Market Overview, 2020 & 2027 (%)
8.1.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.2. Europe 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027 (USD Million)
8.1.3. Europe 1, 3 - Propanediol Market Overview, By Countries, 2015 - 2027 (USD Million)
8.1.3.1. Germany
8.1.3.1.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.3.1.2. Germany 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027 (USD Million)
8.1.3.1.3. Market size and projections, 2015 - 2027 (USD Million)
8.1.3.1.4. France 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
8.1.3.2. UK
8.1.3.2.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.3.2.2. UK 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
8.1.3.3. Italy
8.1.3.3.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.3.3.2. Italy 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
8.1.3.4. Spain
8.1.3.4.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.3.4.2. Spain 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
8.1.3.5. Rest of Europe
8.1.3.5.1. Market size and projections, 2015 – 2025
8.1.3.5.2. Rest of Europe 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
Chapter 9. Asia Pacific 1, 3 - Propanediol Market Overview, By Countries, 2015 - 2027(USD Million)
9.1. Asia Pacific 1, 3 - Propanediol Market Overview, 2020 & 2027(%)
9.1.1. Market size and projections, 2015 - 2027(USD Million)
9.1.2. Asia Pacific 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
9.1.3. Asia Pacific 1, 3 - Propanediol Market Overview, By Countries, 2015 - 2027(USD Million)
9.1.3.1. India
9.1.3.1.1. Market size and projections, 2015 - 2027(USD Million)
9.1.3.1.2. India 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
9.1.3.2. China
9.1.3.2.1. Market size and projections, 2015 - 2027(USD Million)
9.1.3.2.2. China 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
9.1.3.3. Japan
9.1.3.3.1. Market size and projections, 2015 - 2027(USD Million)
9.1.3.3.2. Japan 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
9.1.3.4. South Korea
9.1.3.4.1. Market size and projections, 2015 - 2027(USD Million)
9.1.3.4.2. South Korea 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
9.1.3.5. Rest of Asia Pacific
9.1.3.5.1. Market size and projections, 2015 - 2027(USD Million)
9.1.3.5.2. Rest of Asia Pacific 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
Chapter 10. Middle East & Africa 1, 3 - Propanediol Market Overview, By Countries, 2015 - 2027(USD Million)
10.1. Middle East & Africa 1, 3 - Propanediol Market Overview, 2015 - 2027(USD Million)
10.1.1. Market size and projections, 2015 - 2027(USD Million)
10.1.2. Middle East & Africa 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
10.1.3. Middle East & Africa 1, 3 - Propanediol Market Overview, By Countries, 2015 - 2027(USD Million)
10.1.3.1. GCC
10.1.3.1.1. Market size and projections, 2015 - 2027(USD Million)
10.1.3.1.2. GCC 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
10.1.3.1.3. Market size and projections, 2015 - 2027(USD Million)
10.1.3.1.4. South Africa 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
10.1.3.2. Rest of Middle East & Africa
10.1.3.2.1. Market size and projections, 2015 - 2027(USD Million)
10.1.3.2.2. Rest of Middle East & Africa 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
Chapter 11. South America 1, 3 - Propanediol Market Overview, By Countries, 2015 - 2027(USD Million)
11.1. South America 1, 3 - Propanediol Market Overview, 2015 - 2027(USD Million)
11.1.1. Market size and projections, 2015 - 2027(USD Million)
11.1.2. South America 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
11.1.3. South America 1, 3 - Propanediol Market Overview, By Countries, 2015- 2026(USD Million)
11.1.4. Brazil
11.1.4.1. Market size and projections, 2015 - 2027(USD Million)
11.1.4.2. Brazil 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
11.1.5. Argentina
11.1.5.1. Market size and projections, 2015 - 2027(USD Million)
11.1.5.2. Argentina 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
11.1.6. Rest of South America
11.1.6.1. Market size and projections, 2015 – 2027
11.1.6.2. Rest of South America 1, 3 - Propanediol Market Overview, By Application, 2015 - 2027(USD Million)
Chapter 12. Competitive Landscape
12.1. Competitive environment, 2020
12.2. Strategic framework
12.2.1. Partnership/agreement
12.2.2. Expansion
12.2.3. Mergers & Acquisitions
12.2.4. New product development
Chapter 13. Key Vendor Analysis
13.1. LLC
13.1.1. Company overview
13.1.2. Financial performance
13.1.3. Product Benchmarking
13.1.4. Recent initiatives
13.1.5. SWOT analysis
13.2. Zhangjiagang Glory Biomaterial Co., Ltd.
13.2.1. Company overview
13.2.2. Financial performance
13.2.3. Product Benchmarking
13.2.4. Recent initiatives
13.2.5. SWOT analysis
13.3. Okyo Chemical Industry Co., Ltd
13.4. Zouping Mingxing Chemical Co., Ltd
13.5. Merck KGgA
13.6. Others
Chapter 14. 1, 3 - Propanediol Market Cost Analysis
14.1. Key Raw Materials Analysis
14.1.1. Key Raw Materials
14.1.2. Price Trend of 1, 3 - Propanediol Key Raw Materials
14.1.3. Key Suppliers of Raw Materials
14.1.4. Market Concentration Rate of Raw Materials
Chapter 15. Industrial Chain, Sourcing Strategy and Downstream Buyers
15.1. Industrial Chain Analysis
15.2. Upstream Raw Materials Sourcing
15.3. Raw Materials Sources of 1, 3 - Propanediol Major Manufacturers in 2020
15.4. Downstream Buyers
Chapter 16. Marketing Strategy Analysis, Distributors/Traders
16.1. Marketing Channel
16.1.1. Direct Marketing
16.1.2. Indirect Marketing
16.1.3. Marketing Channel Development Trend
16.2. Market Positioning
16.2.1. Pricing Strategy
16.2.2. Brand Strategy
16.2.3. Target Client
16.3. Distributors/Traders List
Chapter 17. Market Effect Factors Analysis
17.1. Technology Progress/Risk
17.1.1. Substitutes Threat
17.1.2. Technology Progress in Related Industry
17.2. Consumer Needs/Customer Preference Change
17.3. Economic/Political Environmental Change
Chapter 18. Future Outlook of the Market
Disclaimer
List of Figures
1. Market segmentation
2. Value chain analysis
3. Porter’s Five Forces’ analysis
4. Power of Suppliers
5. Power of Buyers
6. Threat of New Entrants
7. Threat of Substitute
8. Competitive Rivalry
9. Global 1, 3 - Propanediol Market share, By Application, 2020 & 2027 (%)
10. Global 1, 3 - Propanediol Market, by Polytrimethylene Terephthalate, By Application, 2015 - 2027(USD Million)
11. Global 1, 3 - Propanediol Market, by Polyurethane, By Application, 2015 - 2027(USD Million)
12. Global 1, 3 - Propanediol Market, by Cosmetics & Personal Care, By Application, 2015 - 2027(USD Million)
13. Global 1, 3 - Propanediol Market, by Cleaning Products, By Application, 2015 - 2027(USD Million)
14. Global 1, 3 - Propanediol Market, by Others, By Application, 2015 - 2027(USD Million)
15. Global 1, 3 - Propanediol Market share, by region, 2020 & 2027 (%)
16. North America 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
17. North America 1, 3 - Propanediol Market share, by Countries, 2020 & 2027 (%)
18. U.S. 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
19. Canada 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
20. Europe 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
21. Europe 1, 3 - Propanediol Market share, by Countries, 2020 & 2027 (%)
22. Spain 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
23. UK 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
24. Italy 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
25. Germany 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
26. France 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
27. Rest of Europe 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
28. Asia-Pacific 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
29. Asia-Pacific 1, 3 - Propanediol Market share, by Countries, 2020 & 2027 (%)
30. China 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
31. India 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
32. Australia 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
33. Japan 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
34. Rest of Asia-Pacific 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
35. Middle East & Africa 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
36. Middle East & Africa 1, 3 - Propanediol Market share, by Countries, 2020 & 2027 (%)
37. GCC 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
38. South Africa 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
39. Rest Of Middle East & Africa 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
40. South America 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
41. Brazil 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
42. Mexico 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
43. Argentina 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
44. Rest of South America 1, 3 - Propanediol Market, 2020 - 2027(USD Million)
List of Tables
1. Impact of Market drivers
2. Impact of Market restraints
3. Global 1, 3 - Propanediol Market, 2015-2027(USD Million)
4. Global 1, 3 - Propanediol Market requirement, by country, 2015-2027,(USD Million)
5. North America 1, 3 - Propanediol Market, By Application, 2015-2027(USD Million)
6. Europe 1, 3 - Propanediol Market, By Application, 2015-2027(USD Million)
7. Asia Pacific 1, 3 - Propanediol Market, By Application, 2015-2027(USD Million)
8. Middle East & Africa 1, 3 - Propanediol Market, By Application, 2015-2027(USD Million)
9. South America 1, 3 - Propanediol Market, By Application, 2015-2027(USD Million)
10. Global 1, 3 - Propanediol Market, Company Market Share, 2020 (%)
11. LLC: Product Benchmarking
12. LLC: Financial Performance
13. Zhangjiagang Glory Biomaterial Co., Ltd.: Product Benchmarking
14. Zhangjiagang Glory Biomaterial Co., Ltd.: Financial Performance
15. Okyo Chemical Industry Co., Ltd: Product Benchmarking
16. Okyo Chemical Industry Co., Ltd: Financial Performance
17. Zouping Mingxing Chemical Co., Ltd: Product Benchmarking
18. Zouping Mingxing Chemical Co., Ltd: Financial Performance
19. Merck KGgA: Product Benchmarking
20. Merck KGgA: Financial Performance
The Leading Key Players in 1 3 Propanediol Market
DuPont Tate & Lyle Bio Products Company
LLC (US)
Zhangjiagang Glory Biomaterial Co. Ltd. (China)
Haihang Industry Company Ltd. (China)
Tokyo Chemical Industry Co. Ltd. (Japan)
ZoupingMingxing Chemical Co. Ltd. (China)
Merck KGgA (Germany)
In addition
players such as METabolicEXplorer (France) and Sheng Hong Group Holdings Ltd
