Global 1,3-Propanediol Market - 2019-2026
|1,3-丙二醇的全球市場:未來展望 (2019∼2026年) Global 1,3-Propanediol Market - 2019-2026|
|出版日期: 按訂單生產||內容資訊: 英文||
1,3-丙二醇 (PDO) 根據其原料，分成生物為基礎產品和石油化學為基礎的產品，不過，隨著環境、健康意識的增加，生物為基礎PDO的需求逐漸擴大。各用途中，PTT (聚對苯二甲酸丙二醇酯) 需求佔最大的佔有率。各地區的北美各國是最大的市場，不過，亞太地區也急速成長著。
本報告提供全球1,3-丙二醇 (PDO)的市場相關分析，市場基本結構及最新形勢，整體市場趨勢預測 (今後8年份)，各原料、各用途、各終端用戶產業及各地區詳細趨勢，主要的推動及阻礙市場要素，市場競爭結構，主要企業的簡介、事業策略等相關調查。
1,3-Propanediol is the colorless, viscous, water-miscible liquid with a high (210℃) boiling point. The 3-Propanediol, an isomer of propylene glycol is the odorless, hygroscopic liquid that has a brackish irritating taste. It is used in the synthesis of certain polymers and as a solvent and antifreeze. It has a vital role as a protic solvent and a metabolite. The global 1,3-propanediol market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising demand for 1,3-Propanediol (PDO) in the synthesis of polyesters, polyurethanes, polyethers, polyesters, and other composite substances. The 1,3-Propanediol (PDO) is used in cosmetics, personal care, cleaning, deicing fluids, transfer fluids, engine coolants, and unsaturated polyester resins. The growing usage of the polyesters shall boost the market demand for 1,3-Propanediol over the forecasted period as the polyesters are used for manufactured using the 1,3-Propanediol (PDO). The polyesters are used in various industries including the clothing, food packaging, audio and video tapes, electrical insulation, and X-ray films due to their low price, recyclability, and adaptability.
There is increasing adoption of eco-friendly products that led to the development of the bio-based1,3-Propanediol (PDO) with growing environmental concerns. The growing awareness and stringent regulations regarding the bio-based1,3-Propanediol (PDO) shall fuel the market growth. Several companies such as DuPont Tate & Lyle Bio Products Company, LLC have developed technologies for the manufacture of PDO utilizing renewable feedstock. Several Chinese market players are using the biological processes for manufacturing the 1,3-Propanediol (PDO).
The companies are focusing on expanding the production of 1,3-propanediol. For instance, in March 2018, DuPont Tate & Lyle Bio Products, LLC (Joint venture of DuPont and Tate & Lyle) had expanded their manufacturing facility in Loudon, Tennessee, to increase annual production of bio-based 1,3-propanediol by 35 million pounds. DuPont Tate & Lyle provide the customers with higher-performing ingredients from a petroleum-free, more sustainable, and renewable source. The expansion would allow the company to expand its market reach in the cosmetics, personal care, flavors, fibers, and PU markets, among other applications.
However, the presence of the substitute products at a lower cost is hindering the market growth. There is a lack of awareness among the users regarding the availability of bio-friendly product solutions.
The global 1,3-Propanediol market is segmented based on the source as bio-based PDO and petrochemical-based PDO. The bio-based PDO segment accounts for the significant market share due to the growing usage of the bio-based PDO bio-based 1,3-propanediol with the increasing sustainability and sustainability concerns. There is growing consumer awareness and stringent regulations regarding the use of the bio-based PDO. The bio-based PDO is obtained by using renewable feedstock such as corn sugar and glycerol. The glycerol is produced during the production of the biodiesel. Thus, rising biodiesel production shall stimulate market growth. There is the easy availability of the raw materials for developing the bio-based PDO. There is a growing production of bio-based 1,3-Propanediol as it consumes lesser energy and lower greenhouse gas emissions. The bio-based 1,3-Propanediol provides advantages such as lower cost, product biodegradability, low environmental impact, and non-toxic process. It has been observed that the production of the bio-based PDO produces 56% less GHG emissions and consumes 42% less non-renewable energy than petroleum-based PDO. On the other hand, the production of petrochemical-based PDO is cumbersome, expensive, and have a higher environmental impact in comparison to the bio-based PDO.
The further market is segmented based on the application as the polytrimethylene terephthalate (PTT), polyurethane (PU), cosmetics, personal care, and cleaning products, and others. The polytrimethylene terephthalate (PTT) segment accounts for the highest market share due to the growing consumption of polytrimethylene terephthalate (PTT) especially for apparel and textiles due to its advantages such as better tensile strengths, flexural strengths, and stiffness. The polytrimethylene terephthalate (PTT) has excellent flow and surface finish. It exhibits the uniform shrinkage and better dimensional stability. The polytrimethylene terephthalate (PTT) has demonstrated excellent resistance to a broad range of chemicals at room temperature, including aliphatic hydrocarbons, gasoline, carbon tetrachloride, perchloroethylene, oils, fats, alcohols, glycols, esters, ethers and dilute acids and bases. It has better tensile strengths, flexural strengths, and stiffness. There is a growing demand for polytrimethylene terephthalate (PTT) across the myriad industries. The growing acceptance of polytrimethylene terephthalate (PTT) shall stimulate market growth.
By region, the global 1,3-propanediol market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the global 1,3-Propanediol market and expected to grow at the highest CAGR during the forecasted period due to the high usage of the 1,3-propanediol by the manufactures in the cosmetics, personal care & cleaning products and polyurethane. The high biodiesel production shall boost the demand for the 1,3-propanediol. The United States accounts for the highest market share of XX% due to the increasing research and development activities for developing the novel bio-based raw materials. It is further expected that North America shall maintain its dominant market position over the forecasted period.
Asia-Pacific region is expected to have positive market growth due to the increase in the number of companies developing the 1,3-propanediol with superior properties. There is growing awareness regarding the use of bio-based 1,3-propanediol. The growing depletion of conventional sources has led the market players to innovate and market sustainable products. Several organizations, institutes, and foundations are conducting the research regarding the production technologies of 1,3-propanediol. The market is witnessing the technological advancement for the cost-effective, and commercial production of1,3-propanediol. The drastic market growth is expected to be observed in the developing countries India and China as the government is promoting the development of technology for commercial production of 1,3-propanediol. For instance, the 10th Five Year Plan has promoted the growth of the PDO market in China. The National Chemical Policy Draft plan had promoted the development of the 1,3-propanediol in India.
The global 1,3-Propanediol market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Dupont Tate & Lyle Bio Products Company, Zouping Mingxing Chemical Co., Ltd, Haihang Industry Co., Ltd, Hunan Rivers Bioengineering Co., Ltd, Merck KGgA, Tokyo Chemical Industry Co., Ltd., Zhangjiagang Huamei Biomaterial Co., Ltd, and Metabolic Explorer are the leading market players with significant market share.
The major market players fare using technological advancement, market expansion, capacity utilization strategies for holding their market position. For instance, in October 2018, DuPont Tate & Lyle Bio Products Company, LLC had opened a warehouse and distribution center in its manufacturing site in Loudon. This expansion would allow the company to deliver package goods such as pails, drums, and totes to be directly filled, stored, and shipped from the manufacturing facility to any destination around the world, thereby simplifying the global supply chain.
In September 2018, DuPont Industrial Biosciences had expanded the Kinston, North Carolina, a manufacturing facility that produces Sorona, bio-based polymer. The expansion would allow the company to increase the production capacity of Sorona fabric by 25% and to meet the growing demand for Sorona polymer throughout the carpet and apparel markets.
Companies are entering into the collaborations, partnerships, acquisitions, and mergers for increasing their market penetration. For instance, In May 2019, DuPont Tate & Lyle Bio Products Company, LLC, Corbion INOLEX Inc., and ACT Solutions Corp had entered into the collaboration for creating the bio-based content formulation for personal care products market. This collaboration would help the company to meet the growing demand for natural products.
In July 2014, METabolic EXplorer and SK CHEMICALS Co. Ltd. had entered into the worldwide Exclusive License Agreement to manufacture and market bio-PDO (1,3-propanediol) based on METabolic Explorer's proprietary technology. This technology produces PDO through the optimized fermentation of crude glycerin, a renewable feedstock. Under the terms of the agreement, METEX would support SK Chemicals to successfully commercialize the PDO business and to benefit from expanding global demand for PDO.