The Global 1,3 Propanediol (PDO) Market is expected to reach USD 776.3 million by 2022, according to a new study by Grand View Research, Inc. Growing polytrimethylene terephthalate (PTT) and polyurethane consumption across various end-use industries is expected to drive the global PDO market. Growth of personal care industry particularly in emerging markets of Asia Pacific and Latin America is also expected to have a positive influence on the market growth. Growing environmental concerns and mandates are likely to assist the growth of bio-based 1,3 PDO market over the forecast period. Favorable regulations and government policies encouraging biodiesel production is presumed to further augment the market growth. Low white space availability on account of multiple proprietary methods developed by the market participants is anticipated to ward off new entrants and may slow down market development.
http://www.grandviewresearch.com/industry-analysis/1-3-propanediol-pdo-market
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