The new report by Procurement Resource, a global procurement research and consulting firm, looks in-depth into the costs involved in the production of 1,3-propanediol. The comprehensive report analyses the production cost of the material, covering raw material costs and co-product credit, equipment costs, land and site costs, labour wages, maintenance costs, financing charges, and the depreciation cost. The extensive study describes the step-wise consumption of material and utilities, along with a detailed process flow diagram. The report also assesses the latest developments within the 1,3-propanediol industry that might influence the costs of production, looking into the capacity expansions, plant turnarounds, and mergers, acquisitions, and investments.
1,3-Propanediol is an organic compound. It is a colourless and viscous liquid that is miscible in water. It is primarily used in the making of certain polymers as a solvent, as well as antifreeze. It is majorly used in the synthesis of polymers like polytrimethylene terephthalate and others. Its several industrial applications include its role in the production of composites, adhesives, coatings, laminates, mouldings, and aliphatic polyesters and copolyesters, among others.
Due to the COVID-19 pandemic, the global output for 1,3-propanediol was disturbed. However, the increasing use of biodiesel production is expected to be the prime factor driving the global 1,3-propanediol market growth in the coming years. Region-wise, the Asia Pacific region is expected to dominate the global 1,3-propanediol market both in terms of demand and supply, with Japan being a significant contributor. These factors are expected to influence the production cost of 1,3-propanediol.
The production cost report by Procurement Resource assesses the production of 1,3-propanediol via hydration, and via hydroformylation. The most common method to produce 1,3-propanediol is through hydration. In this process, acrolein is used to produce 1,3-propanediol. Water is added to acrolein under mild acidic conditions in the presence of a catalyst, which results in the formation of 3-hydroxypropionaldehyde. Then,3-hydroxypropionaldehyde is further hydrogenated to finally produce 1,3-propanediol.
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