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1,3 Butanediol Market Trends with Forecast up to 2019 to 2029

The comprehensive report published by Fact.MR offers an in-depth intelligence related to the various factors that are likely to impact the demand, revenue generation, and sales of the 1,3 Butanediol market. In addition, the report singles out the different parameters that are expected to influence the overall dynamics of the 1,3 Butanediol market during the forecast period (2019-2029).

As per the findings of the presented study, the 1,3 Butanediol market is poised to surpass the value of ~US$ XX by the end of 2029 growing at a CAGR of ~XX% over the assessment period. The report includes a thorough analysis of the upstream raw materials, supply-demand ratio of the 1,3 Butanediol in different regions, import-export trends and more to provide readers a fair understanding of the global market scenario.

The report segregates the 1,3 Butanediol market into different segments to provide a detailed understanding of the various aspects of the market.

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Competitive Outlook

The competitive analysis of the 1,3 Butanediol market includes valuable insights based on which, market players can formulate impactful growth strategies to enhance their presence in the 1,3 Butanediol market.

Regional Analysis

The regional analysis section of the report throws light on the growth prospects of the 1,3 Butanediol market in each region supported by relevant graphs, tables, and figures.

End-Use Industry 1,3 Butanediol Adoption Analysis

The market study sheds light on the forecasted demand/consumption pattern for the 1,3 Butanediol from different end-use industries over the forecast period.

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Advent of Bio-based 1,3 Butanediol to Propel the Global 1,3 Butanediol Market

The rising concerns over environmental degradation and the rising trend of natural personal care products, has led to the emergence of bio-based 1,3 butanediol. Currently, natural ingredients represent only 7% of the overall market. However, they are expected to grow with a healthy CAGR in the coming years. With the rising trend of natural ingredients, manufacturers have introduced bio-based 1,3 butanediol derived from natural, plant-based sugar using fermentation process technology. This innovative approach has a strong demand in cosmetic & personal care industry owing to the growing need for natural ingredients. This bio-based technology helps in reducing global warming and carbon footprint. Manufacturers have successfully commercialized their products in the market. 

  • For instance, Genomatica, a bio-engineering company produces Brontide butylene glycol from sustainable fermentation process technology. The company has recently supplied 600 tons of Brontide in European market.
  • Godavari Biorefineries, a bio-refining company produced bio-based 1,3 butylene glycol “NaturoBG” from renewable resource. NaturoBG has been certified by USDA for 100% bio-based carbon content. The company is also COSMOS (Cosmetic Organic and Natural standard) certified.

Shift Toward Online Sales Channels is Shaping the Cosmetics & Personal Care Market

Fact.MR has identified a massive growth in e-commerce and direct-to-consumer shipping methods. Consumers are turning towards online platforms for personal care products. Besides, they also get the advantage of reviews and ratings for a particular product. Thus, online sales of personal care products are increasing rapidly. According to a survey in 2018 in the U.S., the online sales of personal care products grew by 24%, and the overall growth in sales of personal care products was 3% – 4%. This shows that a majority of the consumers have moved to online platforms for shopping of personal care products in the U.S. Moreover, the recent digital developments in the Asia-Pacific region, especially in India and Indonesia, will further boost the market for 1,3 butanediol market. The penetration of internet and smart marketing strategies by e-commerce retailers will help in increasing the demand for cosmetic products. Online platforms can provide an option of customization of the product as well. Hence, the shift towards online sales channel worldwide is presenting enormous growth opportunities within the 1,3 butanediol market over the forecast period.

Capacity Expansion and Acquisitions Top Strategies of Key Market Players

Owing to the growing demand for 1,3 butanediol, key players are strategically expanding their production capacity to meet the growing needs of the market. Manufacturers have expanded their R&D facility to cope up with the growing needs of consumers and remain competitive in the ever-increasing global market. The companies are also entering into a long-term partnership with end-use industries, raw material suppliers, and global players, to have a strong presence in the worldwide market. Manufactures such as Godavari bio refineries Ltd. and Genomatica are involved in the production of natural bio-based 1,3 butanediol specifically for cosmetics & personal care industry.

Some of the major expansions and acquisition in the market includes:

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

Genomatica, a biotechnology company has partnered with numerous industry giants such as Covestro, Novamount, Viachem, and Daicel Corporation for the distribution of its bio-based 1,3 butanediol across the globe.

Few of the other companies in the 1,3 butanediol market are also involved in the product innovation, expansion of product line, and collaboration with industry giants and end users to hold a strong position in the market.

1,3 Butanediol Market – Regional Developments in the Market

Manufacturers of 1,3 butanediol are majorly concentrated in North America and Asia Pacific region. North America dominates the global 1,3 butanediol market owing to presence of advanced technologies and production facilities in the region. Moreover, the consumption of the end-product is high in this region. Almost 35% of the overall consumption of 1,3 butanediol is from North America. Moreover, U.S. based manufacturer Genomatica has recently launched its bio-based 1,3 butanediol in the market. Natural products comprise of about 6% of the overall personal care products in North America.

Moreover, the penetration of natural products is high in North America and the European region owing to stringent regulations on cosmetic ingredients and more awareness about the adverse effects of synthetic products. Europe accounts for around 25% of the global cosmetics & personal care market, taking the second position after Asia Pacific. However, the demand for 1,3 butanediol in Europe is moderate owing to limited production of 1,3 butanediol in the region. The demand is majorly driven by strong skin care and hair care products in the region.

Asia Pacific represents the largest share in global personal care products market, with sales fueled mainly by population growth, urbanization and rising per capita spending of consumer. With an increasing working population and awareness about personal appearance and hygiene, the demand for personal care products is increasing in the region. The majority of the demand for 1,3 butanediol is from China, owing to a large population and rapid development of the economy.  However, the demand is completely import driven. Manufacturers form China are focusing on research and development activities and running trials to commercialize the 1,3 butanediol in the region. On the other hand, Japan is one of the major producers and exporters of 1,3 butanediol with the presence of prominent players such as Daicel Corporation and K H Neochem in the region. Moreover, the demand in the developing economies in South Asia such as India and Indonesia has witnessed spurring growth in the coming future.

In Latin America, the demand for 1,3 butanediol has witnessed a steady growth in the coming forecast period owing to a rise in the middle class population and a strong desire for personal grooming. Moreover, the rising economy and growing per capita spending on personal care products of Mexico and Brazil has further boosted the overall demand of 1,3 butanediol. In addition to this, Brazil represents the fourth largest market of global personal care market. The country accounts for around 10% of the global market and penetration of 1,3 butanediol is shallow in the region bringing profitable opportunities for the manufacturers.

In Middle East & Africa, the demand for 1,3 butanediol is progressing owing to the growing demand for natural and premium products, majorly in GCC Countries. In addition to this, UAE represents the largest consumer of personal care industry in the region spurring the growth of 1,3 butanediol. 

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Key findings of the report:

  • Intricate assessment of the competitive landscape of the 1,3 Butanediol market
  • Country-specific analysis of the supply-demand ration for the 1,3 Butanediol in different geographies
  • Influence of technological advancements on the 1,3 Butanediol market
  • SWOT analysis of each company profiled in the report
  • Y-o-Y growth projection for different market segments

The report aims to eliminate the following doubts related to the 1,3 Butanediol market:

  1. Which market segment is projected to generate the maximum revenue during the forecast period?
  2. Which region is expected to present lucrative opportunities for market players?
  3. What are the most preferred sales and distribution channels in the 1,3 Butanediol market?
  4. What are the potential roadblocks market players are likely to face during the forecast period?
  5. Which market player is expected to dominate the 1,3 Butanediol market in terms of market share in 2019?

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