Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The 1,3-propanediol industry is being driven by the rising application of the product in the manufacturing of polyurethane. Hence, the growing demand for polyurethane in various end use industries including furniture, building and construction, and automotive, among others is likely to propel the demand for 1,3-propanediol in the forecast period. Further, the market is anticipated to be aided by the rising demand for the product in the production of synthetic drugs owing to its favourable properties.
In March 2018, DuPont Tate & Lyle Bio Products, LLC, a joint venture between DuPont de Nemours Inc (NYSE: DD) and Tate & Lyle PLC (OTCMKTS: TATYY), announced the expansion of its manufacturing facility in Loudon, Tennessee in an endeavour to augment the annual production of bio-based 1,3-propanediol by 35 million pounds.
In terms of region, North America is likely to account for a significant share in the market and is anticipated to witness a considerable growth in the forecast period. The market in the region is driven by the rising demand for the product in the production of personal care products and cosmetics, fuelled by the rising disposable incomes, rising standards of living, and increasing population in the region. Furthermore, the growing investments by the leading market players in research and development activities to develop advanced solutions and production methods are estimated to support the market growth in the forecast period.
Market Breakup by Source, Application, End User, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global 1,3-propanediol market are DuPont Tate & Lyle Bio Products, Tokyo Chemical Industry Co. Ltd, Haihang Industry Co., Ltd., Sheng Hong Group Holdings Ltd, and Merck KGaA, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.