1,3-Propanediol (PDO) Market – Global Forecast to 2025
The global 1,3-propanediol market size is projected to reach USD 691 million by 2025 from USD 402 million in 2020, at a CAGR of 11.4% between 2020 and 2025. High demand for bio-based products, less greenhouse gas emissions, and low energy consumption during the production process of 1,3-propanediol are factors driving the demand for 1,3-propanediol. However, the availability of substitutes with comparatively...
1-3 Propanediol Market Dynamics, Latest Insights, & Trends During 2019-2024
The 1,3-propanediol Market size is projected to reach USD 870 million by 2024 from the estimated USD 490 million in 2019, at a CAGR of 12.2% between 2019 and 2024. 1,3-propanediol (PDO) is a key feedstock in the manufacture of polytrimethylene terephthalate (PTT). It can be used as a substitute to petrochemical-based products such as propylene glycol, butylene glycol, and glycerin in the formulation...