Product
1,3-Propanediol Price Trend and Forecast
1,3-Propanediol Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of 1,3-Propanediol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
Asia
The price trends of 1,3-Propanediol remained strong in the Asian arena during the first quarter. The soaring crude oil prices caused uncertainty in the market supply along with the production cuts from the industries. The market shortages amid the booming demand from the end-user industries kept the prices adrift. The cost of feedstock acrylic acid averaged 2860 USD/MT in the Indian market and around 2370 USD/MT in the Chinese domestic market.
However, the price trends for 1,3-Propanediol exhibited an oscillating pattern in the second quarter. The crude oil prices began to relax due to the increased shipments from Saudi Arabia. These supplies supported the renewed production after the upliftment of covid restrictions. The increased outputs helped streamline the market demand; hence the prices stabilized.
Europe
During the first quarter, despite the high feedstock prices, production cuts, and acute energy crisis, the 1,3-Propanediol prices soared owing to the strong demand from downstream sectors. However, this abnormal inflation caused by the European decision to stop the oil supply from Russia led to the stagnation of the European market. The prices plateaued and began to fall consistently due to the demand destruction and reduced buyers’ confidence owing to the rumours of a global recession
North America
The price trends of 1,3-Propanediol in the American market aligned with the global outlook. The acrylic acid feedstock prices soared during the first quarter and averaged 2180 USD/MT. However, the constricted market supply and shortages could not keep up with the demand dynamics. Due to this market mismatch, the prices stabilized and then plateaued in the US domestic arena.
Procurement Resource provides latest prices of 1,3-Propanediol. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
1,3-Propanediol is a highly viscous colourless liquid which serves as an essential feedstock in several copolymerization reactions. It is miscible with water, and owing to its versatile properties; it is used in many industries, including antifreeze, cosmetics, and lubricants.
Product Details
| Report Features | Details |
| Product Name | 1,3-Propanediol |
| HS Number | 29053990 |
| CAS Number | 504-63-2 |
| Industrial Uses | Antifreeze, Lubricants, Cosmetics, Medical products, Polymers |
| Chemical Formula | C3H8O2 |
| Synonyms | 1,3-Dihydroxypropane, Trimethylene glycol |
| Molecular Weight | 76.10 g/mol |
| Supplier Database | DuPont Tate & Lyle Bio Products Company, Zhangjiagang Glory Biomaterial Co., Ltd., Metabolic Explorer |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of 1,3-Propanediol via Hydroformylation; via Hydration
1,3-Propanediol is primarily produced via hydration of acrolein. Acrolein is treated with a solution of water and a weak acid (pH 4-5) to make 3-hydroxypropionaldehyde. The intermediate undergoes hydration in the presence of nickel catalyst to produce the desired product, i.e., 1,3-Propanediol.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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