1,3-butanediol is also known as 1,3-BG, 1,3-Butylene Glycol, and 1,3-Dihydroxybutane. Its linear formula is CH3CH(OH)CH2CH2OH and chemical abstracts service (CAS) number is 107-88-0. It is a viscous, colorless, odorless, and water soluble organic chemical. 1,3-butanediol can be synthesized by two methods: acetaldehyde condensation method and acetaldehyde fermentation method.
1,3-butanediol is mainly employed in applications such as production of unsaturated polyester resins, plasticizers, and industrial dehydrating agents. It is also used as a humectant and emollient in personal care and cosmetic products, owing to its low toxicity, excellent hygroscopicity, and good water solubility.
A rise in demand for 1,3-butanediol from the pharmaceutical industry and rapid increase in the demand for cosmetic products are projected to drive the 1,3-butanediol market during the forecast period. Moreover, 1,3-butanediol is used to derive exceptional plasticizers such as monocarboxylic acid monoester. These plasticizers are used in the production of plastics such as polyvinyl chloride (PVC). Significant growth in plastic and polymer industries is anticipated to fuel the market in the coming years. 1,3-butanediol has applications as an antibacterial agent in dairy & meat products due to its antibacterial properties.
Global 1,3-butanediol Market: Segmentation
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The global 1,3-butanediol market can be segmented based on function, synthesis, end-use industry, and region. In terms of function, the market can be divided into humectant, emollient, stabilizer, intermediate, and solvents.
Based on synthesis, the global 1,3-butanediol market can be categorized into natural and synthetic. In terms of end-use industry, the market can be divided into cosmetics & personal care, polymer, paints & coatings, food, and others (including the plastic industry). The cosmetics & personal care segment constituted a significant share of the global 1,3-butanediol market. A rise in awareness about skin care and hair care and a rise in disposable income are anticipated to augment demand for cosmetics & personal care products. 1,3-butanediol has excellent properties for preservation of cosmetics against decay due to micro-organisms. 1,3-butanediol is extensively utilized in the formulation of skin care, hair care, and facemask cosmetic products. Therefore, rise in demand for cosmetics & personal care products is projected to drive the global 1,3-butanediol market.
Global 1,3-butanediol Market: Regional Outlook
Based on region, the global 1,3-butanediol market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia Pacific dominates the global market, and the trend is anticipated to continue during the forecast period, owing to expansion in the health care industry in the region backed by private and public investments. Pharmaceutical and medical infrastructure in emerging economies of Asia Pacific such as China and India has developed rapild due to a rise in the population and increase in disposable income. The 1,3-butanediol market in Asia Pacific is anticipated to expand at a rapid pace.
The market in North America and Europe is anticipated to expand at a significant pace, owing to high demand for 1,3-butanediol from the cosmetic & personal care, paints & coatings, and plastic industries. Moreover, stringent environmental laws in North America and Europe are augmenting demand for bio-based chemicals. This is likely to fuel demand for 1,3-butanediol as it is an organic compound. The market in Latin America and Middle East & Africa is projected to expand at a sluggish growth rate during the forecast period.
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Global 1,3-butanediol Market: Competition Landscape
The global 1,3-butanediol market is fragmented due to the presence of global and regional players. Key manufacturers operating in the global 1,3-butanediol market are Daicel Corporation, Godavari Biorefineries Ltd., Shanghai Jinjin Industry Co., Ltd.,Penta Manufacturing Company, OXEA GmbH, MMP Inc., Whyte Chemicals Limited, and Rita Corporation.
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