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1,3-Propanediol Market Share

Report ID: GMI4927
Published Date: Jan 2021
Report Format: PDF

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1,3-Propanediol Market Share

The global market is consolidated in nature comprising of a very limited players, primarily owing to patented production technologies. Key players operating in the 1,3-Propanediol industry include

Dupont
Tate & Lyle Bio Products Company
Haihang Industry Co., Ltd
METabolic Explorer
Zouping Mingxing Chemical Co., Ltd
Zhangjiagang Huamei Biomaterial Co., Ltd
Hunan Rivers Bioengineering Co., Ltd
Shangdong Mingxing

Leading market participants such as Dupont, Tate & Lyle Bio Products Company and METabolic Explorer are emphasizing on investing on increasing production capacities to meet the increasing demand for product in the market.

In 2019, DSM announced that it formed a strategic alliance with METEX NØØVISTA, the subsidiary of METABOLIC EXPLORER to market bio-based cosmetic grade 1,3-propanediol produced at METEX NØØVISTA production site at Carling Saint Avold, France with an initial annual capacity of 5 KT.

In 2018, DuPont Tate & Lyle Bio Products Company, LLC announced its plan to increase the production capacity of bio-based 1,3-propanediol at its Loudon, Tennessee manufacturing facility by 35 million pounds annually.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The global market for 1,3-propanediol had reached USD 450 million during 2020 and is anticipated to expand at over 8.3% CAGR up to 2027.

The market for bio-based 1,3-propanediol was valued at around USD 363.47 million in 2020 and will expand with increased environmental awareness.

The industry share from polyurethane application segment had surpassed USD 80.9 million in 2020 owing to increasing demand for bio-based polyurethane coatings and other products.

The APAC industry for 1,3-propanediol had crossed USD 148.8 million in 2020 and will record around 9.6% CAGR between 2021-2027 with high production of personal care and cosmetic products.