The projected expansion of the global 1,3 butanediol market during the forecast period 2019-2029 is estimated to be at a Compound Annual Growth Rate (CAGR) of approximately 5%.

1,3 Butanediol, often abbreviated as 1,3-BDO, is a versatile organic chemical compound used in various industries. It belongs to the family of diols and is widely recognized for its applications in the production of plastics, textiles, pharmaceuticals, and cosmetics. The global 1,3 Butanediol market has experienced steady growth over the years due to its increasing relevance in multiple sectors.

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The market is primarily driven by the demand for polybutylene terephthalate (PBT), a high-performance engineering plastic, which accounts for a significant portion of 1,3-BDO usage. Other applications include the manufacturing of polyurethanes, solvents, and personal care products. The growing awareness of eco-friendly and sustainable materials is also promoting the use of 1,3-BDO, as it can be derived from renewable sources like biomass.

Market Dynamics:

1,3 Butanediol (1,3 BDO) is a valuable chemical compound widely used in various industries, including chemicals, pharmaceuticals, and plastics. The market dynamics of 1,3 Butanediol are influenced by several factors, including increasing demand for polymers, resins, and solvent applications. The versatile nature of 1,3 BDO has propelled its usage in manufacturing processes, driving market growth.

The demand for eco-friendly and sustainable alternatives has also spurred research and development activities, leading to the discovery of bio-based 1,3 Butanediol, which is anticipated to impact the market positively. However, challenges such as volatile raw material prices and stringent environmental regulations pose potential hurdles to market expansion.

Market Future Outlook:

The 1,3 Butanediol market is poised for significant growth in the coming years. The increasing adoption of biodegradable plastics and the rising emphasis on sustainable practices are expected to drive demand. Additionally, the expansion of end-use industries such as automotive, textiles, and pharmaceuticals will contribute to the market's upward trajectory.

Technological advancements in production processes, including the development of bio-based 1,3 BDO, are likely to open new avenues for market players. The future outlook is optimistic, with a focus on innovation and sustainability shaping the landscape of the 1,3 Butanediol market.

Market Insights:

The 1,3 Butanediol market is segmented based on application, end-use industry, and region. Key applications include the production of polybutylene terephthalate (PBT), polyurethane, and others. The demand for 1,3 BDO in these applications is driven by the material's unique properties, such as high thermal stability and excellent chemical resistance.

Geographically, Asia-Pacific dominates the 1,3 Butanediol market due to the robust growth of industries in China and India. North America and Europe follow closely, with increasing investments in research and development and a growing emphasis on sustainable practices contributing to market expansion.

Competitive Landscape

Daicel corporation, a chemical company based in Japan, has announced plans to expand its production facility for cosmetics grade 1,3-butylene glycol at its Aboshi plant in June 2019. Similarly, in March 2017, Oxea Gmbh, a leading producer of oxo intermediates and derivatives, began a capacity increase project for 1,3 butylene glycol in Bishop, U.S. Additionally, in July 2019, Godavari Biorefineries Ltd., an Indian bio refinery company, received the USDA certified biobased product label for NaturoBG, a biobased 1,3 butylene glycol.

1,3 Butanediol Market Segmentation

• Function
  • Humectant
  • Emollient
  • Stabilizer
  • Intermediate
  • Other
• End-Use Industry
  • Cosmetics & Personal Care
  • Skin Care
  • Hair Care
  • Personal cleanliness
  • Bath & Shower
  • Others
  • Plastics & Polymers
  • Paint & Coating
  • Food
  • Others
• Region
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

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