1,3 Propanediol Market Size & Share, By Product (Conventional, Bio-based), Application (Polytrimethylene Terephthalate, Polyurethane, Personal Care & Detergents), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

1,3 Propanediol Market exceeded USD 432.99 Million in 2023 and is set to cross USD 855.25 Million by end of the year 2032, witnessing more than 9.3% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 432.99 Million
• CAGR (2024-2032): 9.3%
• Forecast Year Value (2032): USD 855.25 Million
• Historical Data Period: 2019-2023
• Largest Region: Asia Pacific
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

1. Increasing demand for eco-friendly products and bio-based chemicals is anticipated to drive growth in the 1,3 Propanediol market. As consumers become more environmentally conscious, the need for sustainable alternatives to traditional chemicals continues to grow.

2. The expanding applications of 1,3 Propanediol in industries such as cosmetics, personal care, and pharmaceuticals are expected to fuel market growth. With its excellent properties as a solvent, humectant, and moisturizer, the demand for 1,3 Propanediol is projected to increase significantly in these sectors.

3. Technological advancements and research developments in the production processes of 1,3 Propanediol are likely to contribute to market growth. Improved manufacturing methods that enhance efficiency and lower costs are expected to drive the adoption of 1,3 Propanediol in various end-use industries.

Report Scope

Report Coverage	Details
Segments Covered	Product, Application
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	DuPont, Metabolic Explorer, Zhangjiagang Glory Biomaterial, Zouping Mingxing Chemical, Shell Chemicals LP, Merck KGaA, Tokyo Chemical Industry, Shenghong Group Holdings, Primient, Haihang Industry

Industry Restraints:

1. High production costs associated with the manufacturing of 1,3 Propanediol are a major restraint for market growth. The expenses involved in producing bio-based chemicals like 1,3 Propanediol can hinder market expansion, especially in price-sensitive regions.

2. Stringent regulatory guidelines and certification requirements for the usage of 1,3 Propanediol in certain industries pose a challenge to market growth. Compliance with environmental regulations and standards can limit the adoption of 1,3 Propanediol in some applications, thereby restraining market expansion.

Regional Forecast:

North America is one of the leading regions in the 1,3 Propanediol market, primarily driven by the United States and Canada. The growing demand for bio-based chemicals, in response to environmental concerns and regulatory pressures, has significantly bolstered the production and consumption of 1,3 Propanediol in these countries. The U.S. has a well-established biochemical sector, with major players investing in sustainable production processes using renewable resources, which enhances the market's growth potential. The cosmetics and personal care industry in North America also plays a critical role, where 1,3 Propanediol is increasingly used as a cosmetic ingredient due to its moisturizing properties and safety profile. Additionally, the expansion of the food and beverage sector, which utilizes 1,3 Propanediol in various applications, is further stimulating market growth in this region.

In the Asia Pacific region, countries such as China, Japan, and South Korea are witnessing rapid advancements in the 1,3 Propanediol market. China is emerging as a significant producer, leveraging its vast agricultural resources and favorable government policies to promote bio-based chemical production. The increasing focus on sustainable development and green technology adoption among manufacturers is expected to drive the market forward. In Japan, the emphasis on research and innovation in biochemicals contributes to the growth of 1,3 Propanediol applications across various industries, including pharmaceuticals and plastics. South Korea's strategic initiatives to reduce reliance on petroleum-based chemicals and promote bio-based alternatives are further enhancing the market landscape. These factors combined are positioning Asia Pacific as a crucial area for 1,3 Propanediol market growth.

Europe, particularly the United Kingdom, Germany, and France, is also a significant player in the 1,3 Propanediol market. The European Union's stringent regulations on chemical manufacturing and the push for sustainable and environmentally friendly products are driving the demand for bio-based alternatives like 1,3 Propanediol. Germany, being a hub for chemical production, leads the market in terms of technological advancements and innovation. The country's robust automotive and construction industries are increasingly incorporating 1,3 Propanediol into their formulations. The United Kingdom is experiencing a surge in the use of 1,3 Propanediol in personal care and cosmetic products, with consumers leaning towards natural ingredients. In France, the growing trend of sustainable products in various sectors, including food and beverage, is contributing positively to the market.

Segmentation Analysis:

In terms of segmentation, the global 1,3 propanediol market is analyzed on the basis of Product, Application

1,3 Propanediol Market

Conventional Product Analysis:

The conventional product segment of the 1,3 Propanediol market is witnessing steady growth due to its wide applications in various industries such as polytrimethylene terephthalate, polyurethane, personal care, and detergents. Conventional 1,3 Propanediol is predominantly used in the production of polytrimethylene terephthalate for packaging materials and fibers. Additionally, it is also utilized in the manufacturing of polyurethane, which is widely used in the automotive and construction sectors. The demand for conventional 1,3 Propanediol is expected to remain strong in the coming years, driven by the growing industrial applications and the increasing need for sustainable and environmentally friendly products.

Bio-based Product Analysis:

The bio-based product segment of the 1,3 Propanediol market is experiencing significant growth owing to the rising demand for sustainable and eco-friendly solutions. Bio-based 1,3 Propanediol is derived from renewable raw materials such as corn sugar, which makes it a preferable option for various applications. In the polytrimethylene terephthalate industry, bio-based 1,3 Propanediol is gaining traction as a sustainable alternative to conventional petroleum-based products. Moreover, the personal care and detergent industries are also increasingly utilizing bio-based 1,3 Propanediol in their products due to its natural and non-toxic properties. The bio-based segment of the 1,3 Propanediol market is expected to witness continued growth in the future, driven by the increasing focus on sustainability and environmental conservation.

Polytrimethylene Terephthalate Application Analysis:

The polytrimethylene terephthalate application segment of the 1,3 Propanediol market is a key driver of the market growth, with increasing demand from the packaging and textile industries. Polytrimethylene terephthalate, produced using 1,3 Propanediol, offers superior properties such as high strength, resilience, and resistance to temperature fluctuations, making it an ideal material for packaging and textile applications. The automotive industry is also a significant consumer of polytrimethylene terephthalate for the production of lightweight components and interior materials. The growing demand for sustainable packaging solutions and eco-friendly textiles is expected to fuel the growth of the polytrimethylene terephthalate application segment in the coming years.

Polyurethane Application Analysis:

The polyurethane application segment of the 1,3 Propanediol market is witnessing steady growth due to the increasing demand for lightweight and durable materials in industries such as automotive, construction, and furniture. Polyurethane, produced with 1,3 Propanediol, offers excellent thermal insulation properties, flexibility, and resistance to abrasion, making it a preferred material for various applications. The automotive industry, in particular, is driving the demand for polyurethane for the production of car seats, bumpers, and interior components. Additionally, the construction sector is also a significant consumer of polyurethane for insulation and sealing purposes. The polyurethane application segment is expected to see continued growth, fueled by the increasing demand for energy-efficient and durable materials.

Personal Care & Detergents Application Analysis:

The personal care and detergents application segment of the 1,3 Propanediol market is witnessing rapid growth due to the increasing consumer preference for natural and organic ingredients in personal care and household products. 1,3 Propanediol is used in the formulation of personal care products such as skincare, hair care, and cosmetics due to its moisturizing and antimicrobial properties. Additionally, it is also utilized in the production of eco-friendly detergents and cleaning products as a solvent or surfactant. The demand for 1,3 Propanediol in the personal care and detergents industry is expected to continue to rise, driven by the growing trend towards natural and sustainable products.

Competitive Landscape:

Top Market Players:

- DuPont Tate & Lyle Bio Products

- Metabolic Explorer

- Zibo Hebang Chemical Technology

- Haihang Industry Co., Ltd.

- Hunan Rivers Bioengineering Co., Ltd.

- Sheng Hong Group Holdings

- Chongqing Kunlun Chemical Co., Ltd.

- Zhangjiagang Glory Chemical Co., Ltd.

- Merck KGaA

- Shell Chemicals