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

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The research methodology of the report involved the utilization of various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the 1,3-Propanediol market. (http://www.marketsandmarkets.com/Market-Reports/1-3-propanediol-pdo-market-760.html)

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Key Players in the Market: DuPont Tate & Lyle Bio Products Company, LLC (U.S.), Metabolic Explorer SA (France) Zhangjiagang Glory Biomaterial Co. Ltd (China)

The research report, "1,3-Propanediol Market by Applications & Geography - Global Market Trends & Forecasts to 2021", defines and segments the global market with analysis and forecasting in terms of volume and value. The 1,3-Propanediol market volume is 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 Market by Applications (PTT, Polyurethane, Cosmetic, Personal Care & Home Cleaning & Others) & Geography - Global Market Trends & Forecasts to 2021”.
http://www.marketsandmarkets.com/Market-Reports/1-3-propanediol-pdo-market-760.html
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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.

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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.

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

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