1,3-Propanediol (PDO) Has Seen a Soaring 10.63% Growth and was valued at USD 498 Million in 2023

According to a new report by Univdatos Market Insights, the 1,3-propanediol (PDO) Market was valued at USD 498 Million in 2023 and growing at a CAGR of 10.63%. 1,3-Propanediol (PDO) is an organic compound that is applied in the textiles and plastics industries as well as in the preparation of personal care products. Its market is growing rather fast owing to the growing trend of sustainable and bio-based chemicals. The market for PDO is influenced by several factors that include new developments, trends, and challenges globally implying the fact that the market is dynamic and is likely to change with the change in consumer preference and the organization’s culture.

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Challenges

High Production Costs: Despite these benefits, the production costs of PDO are still a major issue. The cost of investing in fermentation-based production technology as well as acquiring raw materials required for the PDO process is relatively high at the start. Although innovation is gradually lowering the costs required, the key players must consider the problems of bringing mass production and reaching economies of scale financially.

Raw Material Supply Chain Issues: PDO production depends upon renewable raw materials like corn and sugarcane. Shortens or availability of these raw materials could have an impact on the PDO production as well as the price. Furthermore, fluctuations in the supply chain, due to political crises or disasters, can significantly affect the sustainable supply of PDO and the fluctuation of the market.

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