The 1,3-propanediol Market size is projected to reach USD 870 million by 2024 from USD 490 million in 2019, at a CAGR of 12.2%.

Download PDF Brochure @ https://bit.ly/2RU3Gai

The PTT segment is projected to be the largest application of 1,3-propanediol during the forecast period.
The PTT application is projected to dominate the overall 1,3-propanediol market during the forecast period. The growing demand for PTT in various applications, such as carpets and apparel, due to its long-lasting, quick-drying, fade resistance, good stretch & recovery, and wrinkle resistance properties is driving its demand.
Americas estimated to account for the largest share of the 1,3-propanediol market.

The Americas is expected to account for the largest share of the 1,3-propanediol during the forecast period, in terms of value. The presence of DuPont Tate & Lyle Bio Products Company, LLC, the largest manufacturer of 1,3-propanediol in the region has a positive impact on the market. In addition, growing demand for 1,3-propanediol in applications such as cosmetics, personal care, cleaning products, and PTT in the region is increasing the demand for 1,3-propanediol.

Recent Developments
• In May 2019, DuPont Tate & Lyle Bio Products Company, LLC (US), Corbion (Netherlands), INOLEX Inc. (US), and ACT Solutions Corp (US) 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 October 2018, DuPont Tate & Lyle Bio Products Company, LLC (US) opened a warehouse and distribution center in its manufacturing site in Loudon, Tennessee, US.
• In March 2018, DuPont Tate & Lyle Bio Products Company, LLC (US) announced plans to increase its annual production of bio-based 1,3-propanediol by 35 million pounds at its manufacturing facility in Tennessee, US.
• 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.

Key Market Players

The key market players profiled in the report include as DuPont Tate & Lyle Bio Products Company, LLC (US), Zhangjiagang Glory Biomaterial Co., Ltd. (China), Haihang Industry Company Ltd. (China), Hunan Rivers Bioengineering Co., Ltd. (China), Zouping Mingxing Chemical Co., Ltd. (China), Tokyo Chemical Industry Co., Ltd. (Japan), Zhangjiagang Huamei Biomaterial Co., Ltd. (China), and Merck KGgA (Germany), In addition, players such as METabolic EXplorer (France) and Sheng Hong Group Holdings Ltd. (China) who are planning to enter 1,3-propanediol market have also been profiled.

DuPont Tate & Lyle Bio Products Company, LLC (US) is the largest manufacturer of bio-based 1,3-propanediol, globally. The company has a strong distribution network of in the Americas, Europe, Middle East & Africa (EMEA), and APAC. The company focuses on enhancing its geographic presence and is strengthening its foothold in the different regions through strategic alliances. The company is also concentrating on developing products for emerging end-use applications. It is partnering with end users for the development of products that effectively utilize bio-based 1,3-propanediol.

Request Report Sample @ https://bit.ly/2TlQ6cB

Zhangjiagang Glory Biomaterial Co., Ltd. (China) focuses on increasing the production capacity of 1,3-propanediol. The company started the 1,3-propanediol program in 2011. The company plans to combine the 1,3-propanediol plant and PTT plant organically to increase profitability.

For more Info Visit Blog: https://chemicalsresearchmarket.wordpress.com/blog/

About Us-
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets's™ flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact Us-
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
[email protected]