High Demand for Environment Friendly, Bio-Based Products driving the 1,3-Propanediol (PDO) Market – MENAFN.COM

SourceMENAFN
SectorIndustrial
CountryMiddle east

(MENAFN - GetNews) 1, 3-Propanediol (PDO) Market by Application (Polytrimethylene terephthalate (PTT), Cosmetics, Personal Care & Cleaning Products, Polyurethane (PU)) and Region (Americas, APAC, Europe, Middle East & Africa (EMEA)) The global 1, 3-propanediol market size is projected to reach USD 691 million by 2025, at a CAGR of 11. 4% from USD 402 million in 2020. Growing demand for bio-based products to lower greenhouse gas emissions and energy consumption and increasing use in resin applications is expected to drive the 1, 3-propanediol market. Also, the growing demand for PTT in apparel and carpets is estimated to boost the growth of the 1, 3-propanediol industry.

Download PDF Brochure: A gradual paradigm shift in consumer preference for bio-based products is witnessed across the world. The growing awareness of consumers, increasingly stringent government regulations, and depletion of conventional sources have prompted companies to innovate and market sustainable products. PDO is one such biochemical which is estimated to have high demand. Bio-based PDO utilizes renewable feedstock, such as corn sugar and crude glycerin, making it more sustainable. Polytrimethylene terephthalate (PTT) application is the largest consumer of 1, 3-propanediol. Polytrimethylene terephthalate (PTT) is estimated to be the largest application of 1, 3-propanediol during the ...read more...