1,3 - Butanediol Market Definition
1, 3-Butanediol is an organic chemical, alcohol, and commonly used as a solvent for food flavouring agents and is a co-monomer used in certain polyester resins and polyurethane. It is also used in biology as a hypoglycaemic agent. Stringent environmental laws in Europe and North America are surging demand for bio-based chemicals is increasing demand of the 1, 3-Butanediol market in this region. Increasing demand of 1, 3-Butanediol from the pharmaceutical and cosmetic industry has led to significant growth of the market over the forecast period.
The market study is broken down by Type (Pharmaceutical Grade and Industrial grade), by Application (Polymer products, Industrial additives, Cosmetic products, Medicine, Food additives and Other) and major geographies with country level splits.
The Vendors having a strong hold in the market are Daicel Corporation, KH Neochem, KOKYU ALCOHOL KOGYO CO., LTD., and Penta Manufacturer. Research Analyst at AMA estimates that United States and Asian Vendors will contribute to the maximum growth of Global 1,3 - Butanediol market throughout the predicted period.
Daicel Corporation (Japan), KH Neochem (Japan), KOKYU ALCOHOL KOGYO CO., LTD. (Japan), Penta Manufacturer (United States), OXEA GmbH (Germany), MMP Inc. (United States), OQEMA Whyte (United Kingdom), Parchem fine & specialty chemicals (United States), Rita Corporation (United States) and Godavari Biorefineries Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Shanghai Jinjin Industry Co., Ltd. (China) and Alpha Chemika (India).
AdvanceMarketAnalytics has segmented the market of Global 1,3 - Butanediol market by Type, Application and Region.
On the basis of geography, the market of 1,3 - Butanediol has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Humectant will boost the 1,3 - Butanediol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Synthesis, the sub-segment i.e. Natural will boost the 1,3 - Butanediol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Use Industry, the sub-segment i.e. Cosmetics and Personal Care will boost the 1,3 - Butanediol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 10, Jun 2019, Daicel Corporation has announced that the company established a new production facility for 1,3-butylene glycol (1,3-BG) at its Aboshi Plant.
- Rising Demand for 1,3-Butanediol from Cosmetic & Personal care, Paints & Coatings, and Plastic Industries
- Increasing in Demand for 1,3-Butanediol from the Pharmaceutical Industry
- Rising in Awareness about Skincare and Hair Care and Increasing in Disposable Income of People Globally
- Rapid Increase in the Demand for Cosmetic Products is Creates Opportunities for Market
- Fluctuating Cost of Raw Materials
Key Target Audience1,3 - Butanediol Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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