1,3-Propanediol (PDO) Market: By Source (Bio-Based PDO and Petrochemical-Based PDO), Application (Polyurethane, Personal Care, Polytrimethylene Terephthalate, Others), End-user Industry (Synthetic Drugs, Engineering Plastics, Cosmetics and Pharmaceutical, Textile Dyeing, and Finishing, Others), and Geography

1,3-Propanediol (PDO) Market size was valued at USD 985.1 million in 2023 and is poised to grow at a CAGR of 10.8% over 2024-2030. 1,3-Propanediol is a three-carbon diol compound derived from both petroleum-based and bio-based sources and has several desirable properties, including its ability to serve as a building block for various chemicals and materials and is used in various industrial applications, including as a bio-based alternative to traditional petrochemical-derived chemicals. The increased awareness and concerns about sustainability addressed by bio-based PDO made from renewable sources, a more environmentally friendly option than conventional compounds made from petrochemicals drive the market.

Furthermore, the stringent regulations and policies adopted by various countries to reduce carbon emissions and promote sustainable practices by encouraging the adoption of bio-based PDO are also anticipated to propel the market growth. Utilizing PDO, biobased polymers and bioplastics are being developed, providing an opportunity to meet the rising need for environmentally friendly packaging and products. The alignment of PDO with the concept of a circular economy that encourages recycling, resource conservation, and less waste production is currently popular in the market. But the high cost of PDO compared to other conventional petrochemicals and the stringent regulatory policies might hinder the market growth. However, the increased demand in various applications such as polytrimethylene terephthalate (PTT), polyurethane (PU), cosmetics, personal care, and cleaning products, shift in consumer preference toward bio-based products, and increase in consumer acceptability for bio-based products is anticipated to burgeon the market during forecast years.

1,3-Propanediol (PDO) Market Key Developments:

• In May 2019, DuPont Tate & Lyle Bio Products Company, LLC, Corbion, INOLEX Inc., and ACT Solutions Corp collaborated to create a bio-based content formulation for personal care products. This partnership helped the company meet the growing demand for natural products.
• In March 2018, DuPont Tate & Lyle Bio Products Company, LLC announced plans to increase its annual production of bio-based 1,3-propanediol by 35 million pounds at its manufacturing facility in Tennessee, US.