Further, 1,3-butylene glycol is a major raw material in the production of alkyd and polyester resins, owing to its excellent characteristics and high adoption in downstream applications. For instance, the 1,3-butylene glycol based derivative, monocarboxylic acid monoester, is an excellent plasticizer used in the production of PVC and other plastics. Thus, the growing production of PVC, coupled with the significant growth of polymer and plastic industries, is expected to in turn drive the demand for 1,3-butylene glycol over the forecast period. Further, 1,3-butylene glycol, owing to its antibacterial action, is also used as an antibacterial agent in dairy and meat products. It also finds application as a stabilizer in pharmaceuticals and as a solvent in the fragrance industry.
Regional Outlook:
In terms of production and consumption, the global 1,3-butylene glycol market is dominated by the Asia Pacific region, predominantly China and India. This can be mainly attributed to the increasing production and demand for personal care and cosmetic products in the region. Along with this, growing population, increasing per capita expenditure, rapid urbanization and changing lifestyle are some of the major factors positively influencing the demand for personal care products, which is subsequently leading to a rise in the demand for 1,3-butylene glycol. Moreover, the significant growth of polymer and plastic and paint and coating industries in the Asia pacific region largely fuels the growth of 1,3-butylene glycol market in the region. The Asia Pacific 1,3-butylene glycol market is expected to register healthy growth over the forecast period. North America, followed by Europe, is also a major consumer of 1,3-butylene glycol, owing to the substantial increase in demand from cosmetic, personal care, paint & coating and polymer industries in the region. With significant production capacities of cosmetics in Europe, especially in the U.K., Germany and France, the demand for 1,3-butylene glycol is expected to increase, owing to its application as an emollient and humectant in cosmetic products.
Stringent government regulations and the rising demand for bio-based chemicals in North America and Europe are the major factors providing impetus for the growth of the 1,3-butylene glycol market. Thus, Europe and North America 1,3-butylene glycol markets are expected to witness steady growth over the forecast period. On the other hand, Latin America and Middle East & Africa 1,3-butylene glycol markets are expected to register slow growth over the forecast period.
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Market Participants
The 1,3-butylene glycol market is a highly consolidated one with manufacturers adopting a forward integration strategy to cater to the increasing demand 1and expand their footprint in the global market. Some of the market participants identified across the value chain of the global 1,3-butylene glycol market include,
- Daicel Corporation
- Godavari Biorefineries Ltd.
- Shanghai Jinjin Industry Co., Ltd.
- Penta Manufacturing Company
- OXEA GmbH
- MMP Inc.
- Whyte Chemicals Limited
- Rita Corporation
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K., Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Natural
- Synthetic
On the basis of function, the global 1,3-butylene glycol market has been segmented into,
- Humectant
- Emollient
- Stabilizer
- intermediate
- Solvents
On the basis of end use, the global 1,3-butylene glycol market has been segmented into,
- Cosmetics
- Polymer
- Paint & coating
- Food
- Others
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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