1,3-Butanediol (CAS 107-88-0) Market Report

The global 1,3-butanediol (CAS 107-88-0) market is anticipated to show growth due to increasing use of the organic compound in cosmetic, industrial, and other applications. Manufacturers of chemical products such as polyester plasticizers could largely use 1,3-butanediol (CAS 107-88-0) as an intermediate in their manufacturing process. 1,3-butanediol (CAS 107-88-0) could also find application as a solvent for injectables and estrogenic substances, component of special polyester resins, and humectant for tobacco and cellophane.

Manufacturers of 1,3-butanediol (CAS 107-88-0) are expected to focus on maintaining sustainability to stand out from the rest of the competition and conform to regulations and policies implemented by governments and other authorities. In September 2019, OXEA, a global manufacturer of oxo intermediates and oxo derivatives based in Germany, announced that EcoVadis awarded it gold status in the independent rating agency’s sustainability rating.

Global Market Growth to Improve with Increasing Application of 1,3-Butanediol

The global demand for 1,3-butanediol (CAS 107-88-0) is anticipated to increase due to extensive use of the organic compound in various industry verticals such as cosmetics, personal care, medical, and construction. In the pharmaceutical industry, it could be used to produce investigational anticancer agents such as colchicine derivatives. In the food industry, it could find application as a food flavoring agent. The global 1,3-butanediol (CAS 107-88-0) market is also expected to create growth opportunities for players in the personal care products industry. 1,3-butanediol (CAS 107-88-0) could be used in makeup bases, moisturizing cream formulations, conditioners, and anti-aging lotions and creams.

Top 3 Industries Using 1, 3-Butanediol (CAS 107-88-0)

Players to Open New Facilities in High-growth Regions to Increase Capacity and Production

Some of the key players of the global 1,3-butanediol (CAS 107-88-0) market are OXEA, Daicel, and KH Neochem. The nature of the competitive landscape could be highly concentrated with a handful of manufacturers operating in the global 1,3-butanediol (CAS 107-88-0) market. According to market experts, OXEA, Diacel, and KH Neochem collected a controlling aggregate share of the global 1,3-butanediol (CAS 107-88-0) market. Manufacturers are anticipated to expand their production capacity to stay competitive in the global 1,3-butanediol (CAS 107-88-0) market. In June 2019, Daicel, a Japanese chemicals company, announced that it will build a new 1,3-butylene glycol production facility at its Aboshi plant in Hygo, Japan.

Market Segments

By Product Type

●  Cosmetic

●  Industrial

By Application

●  Chemical Synthesis

●  Fermentation

1,3-butanediol (CAS 107-88-0) finds application as a crucial commercial chemical in the cosmetics industry. It is commonly used in hair care products, lotions, sunscreens, and other cosmetic products. In the industrial sector, manufacturers of saturated polyesters for polyurethane coatings could use 1,3-butanediol (CAS 107-88-0) because of its ability to offer flexibility to the polyester molecules. Besides product type segments viz. industrial and cosmetic of the global 1,3-butanediol (CAS 107-88-0) market, applications such as fermentation and chemical synthesis are broadly studied in the report.

By Region  

Regionally, Asia Pacific is likely to account for a notable share of the global 1,3-butanediol (CAS 107-88-0) market due to the presence of top market players, especially in Japan. In its 2019 first half financial results report, KH Neochem announced that the demand for its performance materials, which include cosmetic raw materials such as 1,3-butylene glycol, remained strong in Asian markets. Having said that, the market share gap between Asia Pacific and other regions could reduce because of the unwanted impact of the gradual slowdown of the Chinese economy on the demand for cosmetic and other raw materials. Despite of this, manufacturers are expected to focus on making research and development investments and expanding production capacity in the emerging region.

KH Neochem mentioned in its 2019 first half financial results report that it will execute certain strategies in the second half of 2019. One of the strategies is actively investing in the expansion of the company’s performance chemical business, which includes 1,3-butylene glycol as a main product.

The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.

Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.