GLOBAL 1,3 PROPANEDIOL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market News

Recent Development:

• In February 2023, Huntsman International LLC made headlines by launching three innovative products at the European Coatings Show. The highlight of these releases includes JEFFAMINE M-3085, a unique mono-polyether amine, and POLYRESYST IC6005, an advanced polyurethane system that is designed specifically for intumescent coatings. Huntsman International LLC, a subsidiary of Huntsman Corporation, is a global manufacturer and marketer of specialized and differentiated chemicals. The company operates across three divisions and features over 60 manufacturing, research and development, and operations facilities in approximately 30 countries.
• In September 2022, Covation Biomaterials teamed up with Primient, a company known for its 100% plant-based 1,3-propanediol production. This collaboration marked their entry into Primient's sustainable agriculture program. The initiative is a boon for corn farmers in the American Midwest, aiding them in implementing sustainable and regenerative farming practices. These practices are intended to cover an area equal to the total agricultural footprint of the corn used in the production of their plant-derived products, which include Zemea PDO, Susterra PDO, and the Sorona polymer. Covation Biomaterials is a leading global innovator that offers a product portfolio of high-performance, sustainable solutions. The company was founded in 2022 in Delaware, U.S. and is known for its expertise in providing innovative, high-performance, and bio-based materials at scale.
• In October 2021, Ashland unveiled Sensidin Pure Skin Multifunctional, a novel deodorant that boasts swift and potent effectiveness against odor-causing microorganisms. This new product combines the benefits of 1,3-propanediol, recognized for its natural solvent and humectant properties, with octenidine HCl, an active antimicrobial component. Ashland LLC, which is known as Ashland Global Holdings Inc. (NYSE: ASH), is a specialty materials company that offers a wide range of products, including adhesives, acrylates, cellulosics, emulsifiers, hydrogels, and specialty additives. Ashland is known for its proactive approach to sustainability and its commitment to innovation and research and development.