Growing demand, multiple step-channel production, high requirement for petrochemical substrate, increasing focus on non-existence natural synthesis pathway from renewable biomass is driving the global 1,3-butanediol market.
COVID-19 Impact and Market Status
As industries across the world impacted due to covid-19 pandemic, it has also impacted the global 1,3-butanediol market. The first few months of the pandemic were unanticipated but later as the situation began worsening, the global 1,3-butanediol market was impacted by covid-19 related economic downturn and disruption in prices of oil which was already grappling challenging long-term trends. The pandemic led business closures and supply chain disruption resulted in reduced demand in local and export markets. However, the landscape is shifting for chemicals and materials. Influencing trends in a surprising way have played a very important role in driving the global 1,3-butanediol market post-pandemic. Certain trends are accelerated by businesses gaining momentum and likely to shape the global 1,3-butanediol market in the foreseeable future.
Emollients Segment Higher Production Led To Increased Demand Of, 1,3-Butanediol
Purpose, syntheses, end-use sector, and region may all be used to segment the global 1,3-butanediol market. The market is segmented into humectants, emollients, stabilisers, intermediates, and solvents based on function.
Emollients are commonly used to treat disorders like eczema, psoriasis, and ichthyosis, which produce dry, irritable, and flaky skin. They also leave a thin oily coating on the skin, which locks in the moisture. Additionally, it can help to prevent inflamed patches or flare-ups of certain disorders. Most cars have polyurethane foams in their seats, armrest, and rear seats, and their cushioning capabilities serve to minimise the tiredness and tension that comes with driving. Spandex fabric developed from THF is also used to make door panel materials that expand and stick to the door, as well as the material in the car's seat.
Cosmetics And Personal Care Category Saw High M&A Activity In Global 1,3-Butanediol Market
The global 1,3-Butanediol market is classified into cosmetics, personal services, polymers, paint & coating, food, and others on the basis of end-use industries. The global market for 1,3-butanediol was dominated by the cosmetics and personal care category. A surge in disposable income and increased awareness of skin and hair care are expected to boost demand for service and retail goods.
APAC Is Opening Up Varied Opportunities For Market Players
Asia Pacific currently led the global 1,3-butanediol market, and this trend is projected to continue it during projection period, thanks to private & public investments in the region's health care industry. Because of rising population and disposable income, pharmaceutical and health infrastructure in Asia Pacific emerging economies and Pakistan have evolved rapidly. The Asia Pacific market for 1,3-butanediol is expected to grow rapidly.
Because of growing needs of 1,3-butanediol from of the cosmetics and personal care, paints, and plastic industries, the industry in Europe And japan is expected to grow rapidly. In addition, strict environmental regulations in Western Countries are driving up demand of bio-based chemicals.
Owing to benefits such as stimulation to growth hormone production, growth of muscles, ability to develop high density food is increasing the adoption of 1,3-Butanediol driving the global 1,3-Butanediol market.
The key factors such as increased role of 1,3-Butanediol in food supply as a functional food additive, preservative, and rich source of nutrients and calories for both human being and animals is resulting in remarkable progress of global 1,3-Butanediol market.
1,3-Butanediol is a chemical compound extensively used as a key intermediate for the production of compounds for use in pharmaceutical and several other industries.
Furthermore, because of its good properties and widespread use in downstream applications, 1,3-butylene glycol is an important raw material in the synthesis of alkyd or polyester resins. Monocarboxylic acid monoester, a 1,3-butylene glycol-based derivative, is a good plasticizer used in the manufacturing of PVC and other polymers.
Consumer awareness is increasing, emerging countries are growing, per average expenditure on cosmetics and personal care goods is increasing, and internet sales channels are expanding, making the worldwide cosmetic and personal care business the fastest increasing industry. This is propelling the demand of 1,3-Butanediol further driving the global 1,3-Butanediol market.
Thus, over the projected period, rising PVC production, combined with significant development in the polymer & plastic sectors, is expected to drive demand for 1,3-butylene glycol.
The global 1,3-Butanediol market is expected to reach close to $ 209.3 million by 2029, representing a CAGR of 4.4 percent over the study period, 2022-2029. The post-COVID-19 timeframe leading to economic changes brought on by the health emergency is driving the global 1,3-butanediol market.
The 1,3-butanediol (formerly called is 1,3—butylene glycol, butane-1,3-diol, and 1,3-dihydroxybutane) is an organic compound intermediary utilised in the production of polyamide plasticizers and other goods. It is used as a food flavouring agent and is also used as humectant and emollient in cosmetics and personal care products.
1,3-butanediol is used to make polyester monomers, phthalates, and chemical drying agents, among other things. Because of its low toxicity, high hygroscopicity, and good water solubility, it is often utilised as a humectant and moisturizer in cosmetics and personal care products.
This chemical molecule is commonly utilised in products as a moisturiser, stabiliser, and viscosity reducer. Previously, petro butylene glycol was widely used in this business; however, the trend toward sustainability has prompted industry players to switch to a microbially manufacturing technique, which has resulted in a significant reduction in carbon emissions.
Despite the rapid growth of 1,3-Butanediol market in past few years, it is grappled with several challenges. 1,3-Butanediol is associated with side effects and is dangerous if consumed directly through mouth. Moreover, higher level of its consumption results in growth impairment is hampering the global 1,3-Butanediol market.
Furthermore, booming cosmetics sector, rising demand for 1,3-Butanediol in chemical and food industry due to its beneficial chemical properties is anticipated to be a growth opportunity to the global 1,3-Butanediol market.
The major players in global 1,3-butanediol market are Daicel Corporation, KH Neochem, Genomatica, Godavari Biorefineries, and OQ Chemicals, and Haihang Industry among others.
1, 3-Butanediol Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 209.3 million|
|Growth Rate||CAGR of 4.4% during 2021-2028|
|Segment Covered||Function, End-User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Daicel Corporation, KH Neochem, Genomatica, Godavari Biorefineries, and OQ Chemicals, Haihang & among others.|
Key Segments of the Global 1, 3-Butanediol Market
Function Overview, 2019-2029 (USD Million)
End-User Overview, 2019-2029 (USD Million)
- Cosmetics & Personal Care
- Plastics & Polymers
- Paint & Coating
Regional Overview, 2019-2029 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa