1,3-Butylene Glycol Market Facts, Figures and Analytical Insights 2018 - 2028
Posted: Dec 17, 2018
1,3-Butylene Glycol (Mol. Formula: C4H10O2), also known as 1,3-Butanediol, is a colorless, viscous, and odorless organic compound. Industrially, 1,3-butylene glycol is produced through either the acetaldehyde condensation method or the fermentation method. 1,3-Butylene glycol has the reactivity of a diol, owing to which it is used in the production of plasticizers, unsaturated polyester resins and industrial dehydrating agents, among other products. It can also be used as a moisturizer and softener in textile, tobacco, paper, and food industries.
1,3-Butylene glycol has good hygroscopicity, low toxicity and good water solubility, owing to which it is used as a humectant and emollient in personal care and cosmetic products. Generally, 1,3-butylene glycol is extensively used in the formulation of hair care, skin-care and facemask cosmetic products. Thus, the growing demand for cosmetic and personal care products across the globe is the major driving factor for the growth of the 1,3-butylene glycol market.
Request to Sample of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7465
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.
On the basis of synthesis, the global 1,3-butylene glycol market has been segmented into,
On the basis of function, the global 1,3-butylene glycol market has been segmented into,
On the basis of end use, the global 1,3-butylene glycol market has been segmented into,
- Paint & coating
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.
Request Report for TOC @ https://www.futuremarketinsights.com/toc/rep-gb-7465
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
About Us Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries.