Bio-based 1,3-Propanediol Market Industry Growth, Size, Trends and Forecast till 2027
The Global Bio-based 1,3-Propanediol Market is forecast to reach USD 1.66 Billion by 2027, according to a new report by Reports and Data. Bio-based 1,3-Propanediol (PDO) is a colorless organic viscous liquid with high boiling point and water-miscible properties. This organic chemical compound is typically produced by the hydration process of acrolein or oxo-synthesizing ethylene oxide and hydrogenating the produced aldehydes. Also, more recent bioprocessing production processes are also followed by some of the prominent players in the market to manufacture this chemical. Global Bio-based 1,3-Propanediol market is projected to drive significantly as the demand for this isomer of Propanediol in various industrial & commercial applications is being propelled substantially. The continuous expansion of Polytrimethylene Terephthalate (PTT) fibers, adhesives, detergent, tonner, coating, and anti-freezing agents are expected to drive the demand throughout the forecast period primarily.