Market Snapshot:
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.
Highlights from 1,3 - Butanediol Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are 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). Additionally, other players that are part of this comprehensive study are Shanghai Jinjin Industry Co., Ltd. (China) and Alpha Chemika (India).
Geographic Breakdown and Segment Analysis
The Global 1,3 - Butanediol market presents a comprehensive analysis of the 1,3 - Butanediol market by product type (Pharmaceutical Grade and Industrial grade), by end-user/application (Polymer products, Industrial additives, Cosmetic products, Medicine, Food additives and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global 1,3 - Butanediol industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the 1,3 - Butanediol market
Analyst at AMA have segmented the market study of Global 1,3 - Butanediol market by Type, Application and Region.
Influencing Trend:
Rising Demand for 1,3-Butanediol from Cosmetic & Personal care, Paints & Coatings, and Plastic Industries
Market Growth Drivers:
Increasing in Demand for 1,3-Butanediol from the Pharmaceutical Industry and Rising in Awareness about Skincare and Hair Care and Increasing in Disposable Income of People Globally
Restraints:
Fluctuating Cost of Raw Materials
Opportunities:
Rapid Increase in the Demand for Cosmetic Products is Creates Opportunities for Market
Market Developments Activities:
In February 2020, OQEMA Group has announced it acquired Danish chemical distributor Chemark ApS, which has been active in the Nordic distribution market for around 20 years. Chemark, which focuses on solvents, is a positive addition to the OQEMA portfolio in the paint and coatings, pharmaceuticals, cleaning agents, and household, industrial, and institutional (HI&I) sectors. The annual turnover is currently around €40 million.
Key Target Audience
1,3 - Butanediol Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other