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 of cosmetics, personal care, laundry, and cleaning products. The demand for environmentally-friendly products has increased the utilization of bio-based PDO. Based on application, the 1, 3-propanediol market is segmented into polytrimethylene terephthalate (PTT); polyurethane (PU); cosmetics, personal care, and cleaning products; and others. The others segment comprises engine coolants, food & beverage, pharmaceutical & dietary supplement, de-icing fluid, heat transfer fluid, and unsaturated polyester resins. PTT application accounted for t...
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