The Global 1,3 Propanediol Market to Surge Owing to Growing Packaging Industry

Global 1,3 Propanediol Market

The global 1,3 propanediol market is an important biochemical raw material that exhibits wide applications across industries including textiles, packaging, and cosmetics. 1,3 propanediol (PDO) is manufactured using corn or sugarcane through fermentation. It offers properties such as non-toxic nature and biodegradability. The key advantage of PDO over conventional polyols lies in its sustainability credentials. It is primarily utilized in manufacturing spandex fibers for sportswear and activewear, as a humectant and moisturizer in cosmetics and personal care products, and as an alternative to glycols in polyester polyurethane coatings and flexible foams used in automobiles and furniture. 

The Global 1,3 Propanediol Market is estimated to be valued at US$ 799.3 Mn in 2024 and is expected to exhibit a CAGR of 9.5% over the forecast period 2024 To 2031.


Key Takeaways
Key players operating in the global 1,3 propanediol market are Tokyo Chemical Industry Co., Ltd., Shenghong Group Holdings, Primient, Haihang Industry, DuPont, Metabolic Explorer, Zhangjiagang Glory Biomaterial Co., Ltd., Zouping Mingxing Chemical Co., Ltd., Shell Chemicals LP, and Merck KGaA.
The global 1,3 propanediol market is anticipated to grow at a robust rate owing to growing demand from the packaging industry. PDO provides properties such as lightweight, flexibility, and moisture barrier which are highly suited for packaging applications. Moreover, rising consumption of personal care and cosmetic products is also fueling the demand.
Technological advancements are focused on developing biomass-based and sustainable production methods of PDO through fermentation of renewable feedstock like sugarcane and corn. Emerging technologies allow controlling bacterial strains and fermentation process parameters to achieve enhanced product yields.

Market Trends
Growing Production via Renewable Routes: Major players are investing in R&D to develop advanced bio-based processes for commercial-scale 1,3 Propanediol Market Size  production using agricultural waste and non-food biomass as renewable feedstock.
Increasing Application Diversity: New applications of 1,3 propanediol and its derivatives are being explored in industries like cleaning products, textiles, healthcare, and engineering plastics owing to its eco-friendly profile.

Market Opportunities
Potential in Developing Markets: There exists significant growth potential in Asia Pacific and Latin American markets attributed to rapid industrialization and rising demand for polyurethane resins, fibers, and personal care products.
Emerging Applications: Application development in bioplastics especially polylactic acid (PLA) and polytrimethylene terephthalate (PTT) fibers utilizing 1,3 propanediol offers lucrative prospects.

Impact of COVID-19 on Global 1,3 Propanediol Market Growth

The COVID-19 pandemic severely impacted the global 1,3 Propanediol market growth in the initial phase due to strict lockdowns imposed across various countries. The supply chain disruptions and shortage of raw materials adversely affected the production capabilities of market players. The demand from end-use industries such as cosmetics, pharmaceuticals, packaging declined significantly as these sectors were among the worst affected during the pandemic outbreak.

However, post pandemic there has been gradual recovery in the market as restrictions are being lifted globally. The demand from personal care and hygiene products is increasing rapidly owing to growing health and wellness trend. Also, the usage of 1,3 Propanediol in various medical and packaging applications is driving growth. Market players are focusing on sustainable and cost-effective production methods to cater rising demands. Ongoing research and developments in production technologies are expected to pave new growth opportunities over the forecast period. While short term impacts were witnessed, long term outlook for the market remains positive with strategies to overcome challenges posed by pandemic.

North America dominates the global 1,3 Propanediol market in terms of value.

The North American region accounts for over 35% of the global market share primarily due to high demand from personal care, food, and pharmaceutical industries in U.S. and Canada. Availability of raw materials, low cost of production, and presence of major market players drive the 1,3 Propanediol market growth in this region. Strong economic growth coupled with increasing consumption per capita of personal care and hygiene products fuels the demand. Furthermore, ongoing R&D activities for wider applications of 1,3 Propanediol also support the regional market growth.

Asia Pacific exhibits the fastest growth for global 1,3 Propanediol market.

Asia Pacific region is poised to witness exponential growth rate during the forecast period. Growing middle class population, rising disposable incomes, and changing lifestyles in countries like China, India are the major factors contributing to increased demand of 1,3 Propanediol. Expanding end-use industries such as packaging, construction, automotive has augmented the market growth in Asia Pacific region. Also, shifting of major market players to developing Asian countries due to availability of cheap labor and resources accelerates the 1,3 Propanediol market expansion.

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

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