The subject of the present investigation is 1,3-propanediol (PDO), an odorless, viscous liquid with the molecular formula C₃H₈O₂. It is glycol, a three-carbon diol, that is, it has two hydroxyl groups bonded to a chain of three carbons. In its commonest solid form, PDO is easily soluble in water, allowing for a wide range of usage.
PDO is mainly used in the manufacturing of polymers, while PTT is used widely in fibers and fabrics such as carpets and textiles. Moreover, PDO acts as an absorbent and is blended into composites, adhesives, laminates, coatings, and antifreeze applications.
The global 1,3 propanediol market was valued at US$424.80 million in 2023 and is anticipated to reach US$985.38 million by the end of 2032, with a CAGR of 9.8% from 2024 to 2032.
PDO can be synthesised by several methods, such as hydration of acrolein and hydroformylation of ethylene oxide and subsequent hydrogenation. Biotechnological procedures have also been employed whereby through microbial fermentation pathways renewable materials such as glucose can be converted into PDO. This bio-based production corresponds with the current trend of incorporating green and sustainable products across the value chain.
Factors Driving the Growth of the Global 1,3 Propanediol Market in North America:
This growth has been mainly urged by the growing need for bio-based products. The use of biodegradable polymers is increasing due to the awareness of consumers and industries towards environment-friendly products with the higher usage of bio-based PDO product in multifaceted uses. This trend is further complimented by the presence of key players in the region including the DuPont Tate & Lyle Bio Products Company, LLC which has boosted market growth.
The increasing application of PDO in the synthesis of polytrimethylene terephthalate (PTT) is another factor. PTT is used in applications such as carpets and clothing since it has appealing characteristics such as toughness and crinkle resistance. These findings indicate that the ever-rising use of PTT in North America has a positive impact on the use of PDO in the same region.
Further, the high demand for PDO to act as an intermediate in the production of polyurethanes (PU) is acting as an essential driver in the market. In the furniture and footwear industries, polyurethanes are common, and the utility of PDO as a structure for creating pu increases its market appeal.
All in all, the consumer trend of opting for eco-friendly merchandise, Cooperation between manufacturers, and the availability of key manufacturers of PDO for expanding applications of PDO in PTT & PU in North America is the driving force of the 1,3-propanediol market.
Competitive Insights:
Some of the key players of the global 1,3 propanediol market are as follows: DuPont Tate & Lyle Bio Products Company, Metabolic Explorer, Zhangjiagang Glory Biomaterial CO. Ltd, Merck KGaA, Haihang Industry Company Ltd., Sheng Hong Group Holdings Ltd, and Tokyo Chemical Industry Co. Ltd.
The current structure of the 1,3-propanediol (PDO) industry is relatively fragmented, and many players are trying to strengthen their positions in this market. Outstanding players in this industry include DuPont Tate & Lyle Bio Products Company, LLC, Zhangjiagang Glory Biomaterial Co., Ltd., Metabolic Explorer, Merck KGaA, and Haihang Industry. Some of these firms are already implementing various aggressive initiatives toward meeting the expanding demand for PDO through products and services, capacity, and partnership development.
It is installation into product development which is still a key strategy for these companies since they look to create the much advanced PDO products that are conscious of the latest trends towards sustainability and environmental standards. With the developments in the bio-based and eco-friendly PDO, these players meet the need that arises from the increasing consumer concern for environmentally friendly products making their position in the market strong.
Another major key initiative among market leaders is the capacity expansion strategy. For example, Zhangjiagang Glory Biomaterial Co., Ltd., which has been dedicated to the production capacity expansion for 1,3-propanediol, intends to connect the PDO plant with the PTT plant for higher profitability.
There is versatility in Product Design Organic Brightness and Ludionary through outsourcing and collaborations hence playing a huge role within the PDO market competition. Strategic alliances are developing to increase the circulation channels, globalization, and building up consequential technological compatibilities. Such relationships help companies to sustainably perform on the international level and fulfill the varied requirements of the final consumer industries.
In sum, the competition in the 1,3-propanediol market is characterized by such strategic actions as product and capacity innovation, and mergers. All of these activities are caused by the growing global interest in more environmentally friendly and bio-based goods that in turn create new opportunities for expanding businesses’ presence on a market.
