1,3-Propanediol Market Size: Manufacturing Process, Raw Materials Requirements, Variable Cost, Production Cost Summary and Key Process Information
1,3-Propanediol Market Size 1, 3-propanediol a class of specialty compounds is a colorless liquid, which is miscible in water. It is mainly used as a feedstock in the production of various chemicals and materials. It finds its applications in the production of polyurethane, polytrimethylene terephthalate (PTT), cosmetics & personal care, and household cleaners. It is also known for niche applications like engine coolants, de-icing fluid, and heat transfer fluid, among others. Over the past few years, the 1, 3-propanediol market is growing rapidly, witnessing a massive demand across major end-use industries. Moreover, the growing demand for polytrimethylene terephthalate (PTT) is a key factor propelling the growth of the market. According to a leading research firm, Market Research Future (MRFR), the global 1, 3-Propanediol market is expected to garner significantly by 2023. MRFR also asserts that the market would register a CAGR over 9% throughout the forecast period (2017–2023)