Asia Pacific is expected to be the fastest growing regional segment over the forecast period owing to growth in textile industry and growing preference of PPT over polyethylene terephthalate (PET).
San Francisco, California (PRWEB) December 29, 2014
Growing demand for bio-based chemicals in various application segments and a surge in population globally are expected to drive the overall 1,3-propanediol (PDO) market. 1,3-PDO, derived from bio-based feedstock, is supported by the environment relations for their chemical properties and also to maintain sustainability in the market. Growth in demand for 1,3-PDO in polytrimethylene terephthalate (PTT) production, used for industrial and household textile applications, is expected to have a positive impact on the overall market over the next six years. Other applications include personal care, house cleaning products, cosmetic, heat transfer fluid, engine coolant, deicing fluids process and polyurethane manufacturing. 1, 3 PDO can used as an alternative for 1,4-BDO in polyurethane applications and it is also expected to replace propylene glycol in personal care and cosmetics giving a competitive edge to the market.
For more information on 1,3 Propanediol (PDO) Market Research Report, visit – http://www.grandviewresearch.com/industry-analysis/1-3-propanediol-pdo-market
Asia Pacific is expected to be the fastest growing regional segment over the forecast period owing to growth in textile industry and growing preference of PPT over polyethylene terephthalate (PET). The Americas emerged as the leading regional segment in 2013 owing to the growth in demand for bio-based materials and advanced technologies incorporated in the U.S. market. Europe is the dominant market for end-use applications such as personal care, cosmetics, and house cleaning products and is expected to attract the demand for 1,3 PDO and eventually be beneficial to the overall market. Demand of natural (bio-based) ingredients and favorable regulatory bodies are expected to have positive influence on the regional market. 1,3 PDO market is monopolistic in nature and does not have much of economic competition in the market. So the industry participants are expected to witness significant opportunity to improvise their products over the forecast period. Major industry participants include Dupont, Tate & Lyle and Metabolic Explorer.
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