The 1,3-propanediol market is projected to reach USD 690.6 million by 2025 from USD 401.7 million in 2020, at a CAGR of 11.4%. Increasing use of 1,3-propanediol in various applications such as polytrimethylene terephthalate (PTT), polyurethane (PU), cosmetics, personal care, and cleaning products is expected to drive the market growth. The Americas is the largest market for 1,3-propanediol, followed by APAC and Europe, Middle East & Africa.
The growth of the 1,3-propanediol market has been influenced primarily by expansions, innovations, and partnerships during the period between 2015 and 2019. The market is consolidated with the dominance of DuPont Tate & Lyle Bio Products Company, LLC (US). All these developments are undertaken by DuPont Tate & Lyle Bio Products Company, LLC. Other small players that are present in the market are Zhangjiagang Glory Biomaterial Co., Ltd. (China), Zouping Mingxing Chemical Co., Ltd. (China), Haihang Industry Company Ltd. (China), Merck KGgA (Germany), and Tokyo Chemical Industry Co., Ltd. (Japan). Some of the companies which are trying to enter the 1,3-propanediol market are METabolic Explorer (France) and Sheng Hong Group Holdings Ltd. (China).
All these developments are undertaken by DuPont Tate & Lyle Bio Products Company, LLC. Other small players that are present in the market are Zhangjiagang Glory Biomaterial Co., Ltd. (China), Zouping Mingxing Chemical Co., Ltd. (China), Haihang Industry Company Ltd. (China), Merck KGgA (Germany), and Tokyo Chemical Industry Co., Ltd. (Japan). Some of the companies which are trying to enter the 1,3-propanediol market are METabolic Explorer (France) and Sheng Hong Group Holdings Ltd. (China).
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DuPont Tate & Lyle Bio Products Company, LLC, is the largest manufacturer of 1,3-propanediol. The company focusses on expansions, innovations, and partnerships to strengthen its position in the market. For instance, in October 2018, the company opened a warehouse and distribution center at its manufacturing site in Loudon, Tennessee, US. It focuses on increasing its production capacity to meet the growing demand for 1,3-propanediol in different applications.
The company announced to increase its production capacity by 35 million pounds in March 2018. In the recent past, the company entered into a partnership with L.V. Lomas Ltd. (Canada) (which is renamed as IMCD Canada Ltd.) to distribute Zemea propanediol in Canada. The company has a strong distribution network, and its product is available in many countries such as the US, Mexico, Italy, Greece, Poland, Turkey, Sweden, Denmark, Russia, Estonia, Norway, India, and Brazil. In October 2017, DuPont (US), INVISTA (US), and DuPont Tate & Lyle Bio Products Company, LLC entered into a partnership to develop a series of innovative and enhanced sustainable textile solutions for workwear and outdoor wear.
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