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....