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1,3-Propanediol Market Worth $621.2 Million by 2021


News provided by

MarketsandMarkets

06 Jan, 2015, 13:30 GMT

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DALLAS, January 6, 2015 /PRNewswire/ --

The report "1,3-Propanediol (PDO) Market by Applications (PTT, Polyurethane, Cosmetic, Personal Care & Home Cleaning & Others) & Geography - Global Market Trends & Forecasts to 2021" defines and segments the global 1,3-Propanediol market with analysis and forecasting in terms of volume and value. The 1,3-Propanediol market volume expected to grow from an estimated $310.5 Million in 2014 to $621.2 Million by 2021, with a CAGR of 10.4% between 2014 and 2021.

Browse 74 market data tables and 43 figures spread through 116 pages and in-depth TOC on "1,3-Propanediol (PDO) Market - Global Market Trends & Forecasts to 2021".
http://www.marketsandmarkets.com/Market-Reports/1-3-propanediol-pdo-market-760.html

Early buyers will receive 10% customization on this report. 

The 1,3-Propanediol market is projected to grow at a CAGR of 10.4% between 2014 and 2021, in terms of value. The largest application area of 1,3-Propanediol is poly trimethylene terephthalate (PTT). The applications of 1,3-Propanediol are increasing. It is slowing replacing other feedstock chemicals. This is driving the growth of the market. Also, the adoption of bio-based chemicals to reduce harmful environmental effects is the current trend that is driving the 1,3-Propanediol market and is boosting the penetration into new application segments.

The consumption of 1,3-Propanediol is the highest in the Americas region. The consumption of 1,3-PDO in the region accounted for approximately 75.0% of the total market in 2013 in terms of volume. The consumption of 1,3-PDO is driven by the PTT industry in the region. 1,3-PDO is an essential ingredient for the manufacture of PTT. The key player of the market DuPont Tate & Lyle is housed in the region. It is largest producer of 1,3-PDO and PTT. Its consumes majority of the 1,3-PDO manufactured for production of PTT. This is the main factor driving the growth of 1,3-PDO in the region.

For Further Inquiries:http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=760

The top companies in the 1,3-Propanediol market include DuPont Tate & Lyle Bio Products Company, LLC (U.S.), Metabolic Explorer SA (France) Zhangjiagang Glory Biomaterial Co. Ltd (China) and Zouping Mingxing Chemical Co., Ltd (China) among others. The 1,3-Propanediol market recorded a number of major agreements being entered into by the key players.

Browse Related Reports: 

Renewable Chemicals Market - Alcohols (Ethanol, Methanol), Biopolymers (Starch, PLA, PHA, Polyethylene & Others), Platform Chemicals & Others - Global Trends & Forecasts to 2018
http://www.marketsandmarkets.com/Market-Reports/renewable-chemical-274.html

1,4-butanediol (BDO) Market By Technology (Reppe Process, Davy process, Butadiene Process, Propylene Oxide Process & Others), Applications, & Geography: Global Industry Trends & Forecasts to 2017
http://www.marketsandmarkets.com/Market-Reports/1-4-butanediol-market-685.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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