The PTT market has been the largest consumer of PDO in the last few years. Unique properties such as resilience, elastic recovery, ease of dyeing and inherent stain resistance makes PTT one of the well suited polymers for manufacturing textile fibers and carpets. PDO market in terms of volume in PTT application is expected to grow at the estimated CAGR of 16.3% from 2013 to 2019.
Albany, NY -- (SBWIRE) -- 03/21/2016 -- Increasing demand for polytrimethylene terephthalate (PTT) coupled with growing consumer awareness for bio-based products is expected to drive the global 1,3-propanediol market from 2013 to 2019. 1,3-propanediol (PDO) is a high value specialty chemical that is used in the synthesis of polymers. such as polyurethanes, polyesters and polyethers. Large volume of 1,3-propanediol produced is used as a building block to manufacture polytrimethylene terephthalate (PTT). 1,3-propanediol imparts unique features such as superior stretching and elastic recovery of nylon to PTT, which is difficult to obtain from other glycol based polyesters. Earlier, 1,3-propanediol was produced from acrolein a petroleum feedstock however, in order to respond to the sustainability and environmental factors, manufacturers have developed fermentation process to produce bio-based PDO either from corn sugar or biodiesel. 1,3-propanediol is also used in manufacturing polyurethane, cosmetic, personal care products, home cleaning products, among others. Government initiatives and regulations in different countries are expected to further boost the market growth.
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The study includes a detailed analysis of the 1,3-propanediol market considering 2012 as the base year. This report analyzes the global 1,3-propanediol (PDO) market in terms of volume (kilo tons) and revenue (USD million) from 2012 to 2019. The report includes major driving and restraining factors for the 1,3-PDO market and highlights opportunities for the market in the near future. It also comprises of overall market attractiveness and company market share analysis to get a comprehensive view about the market. Market attractiveness provides information of the various applications that are growing at fastest CAGR. Market attractiveness gives detailed information on the emerging applications of the 1,3-propanediol market.The company market share analysis also provides information about leading players present in the market. The company market share analysis gives the precise market share captured by the leading players present in market.
The report includes several tables and graphs that provide a detailed explanation of various facts and findings of the global 1,3-propanediol market. Various authenticated sources have been used to refine the research and provide accurate analysis of 1,3-propanediol market. Several interviews with the key industry leaders were conducted along with secondary research during the course of the study. Various governmental regulations and their effect on the 1,3-propanediol market were studied in detail.
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The study segments the market on the basis of the applications of 1,3-PDO, and each application is further analyzed according to the regional demand from 2012 to 2019. The major geographical regions considered in the report include North America, Europe, Asia Pacific and Rest of the World.
The report studies the overall competition in the market by using analytical tool such as Porter's five forces model. The Porter's five forces model provides an in-depth analysis of the impact of buyers, suppliers, substitutes, new entrants and degree of competition on the global 1,3-propanediol market. The study also analyzes value chain components in order to study value addition at each stage. Value chain also offers the major raw material manufacturers and suppliers present in the market. In case of any crucial supply agreements between leading companies is mentioned in the report. The value chain analysis also provides information of the distribution channel opted by major players present in the market.
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The report includes company profiles of the key players in the market such as DuPont Tate & Lyle Bio Products and Metabolic Explorer. Company profiles provide specific information about the major participants present in the market such as company overview, business strategy, SWOT analysis and recent developments. Company profiles help companies to take strategic business decisions by thoroughly studying other companies present in the market.
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