1,3-Butylene Glycol (1,3-BG) Market Growth Factors, Applications, Regional Analysis, Key Players and Demand Forecasts by 2023

The global 1,3-butylene glycol (1,3-BG) market is likely to grow from 29,300.0 MT in 2016 to 38,939.5 MT by 2023. Growing cosmetic products market and the growing demand of 1,3 butylene glycol in the pharmaceutical industry are the key factors driving the growth of the global market. 1,3-BG is used as raw material for polyester plasticizers and unsaturated polyester resins humectant in cosmetics.

The chemical is a viscosity decreasing component and prevents the dying out of cosmetics. The best characteristic of 1,3-BG is its ability to stabilize volatile compounds such as fragrances and flavors fixing them in cosmetic formulations and to reduce the loss of aroma.

1,3 butylene glycol is used as raw material for polyester plasticizers and unsaturated polyester resins humectant in cosmetics. The chemical is a viscosity decreasing component and prevents the dying out of cosmetics. The best characteristic of 1,3 butylene glycol is its ability to stabilize volatile compounds such as fragrances and flavors fixing them in cosmetic formulations and to reduce the loss of aroma.

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Globally, Asia-Pacific dominates the market and is expected to remain the largest market in future as well. This is due to high demand for 1,3-BG in emerging economies of the region. During the forecast period, the market is expected to witness the fastest growth in Asia-Pacific.

On the basis of application, cosmetics & personal care products were the largest application area of 1,3-butylene glycol, owing to increasing consciousness and awareness towards haircare and skincare among consumers. The increasing awareness supported with increased disposable income is leading to more demand of such cosmetic products, which finds application of 1,3-BG.

The research states that this industry is consolidated, where OXEA GmbH, Daicel Corporation, and KH Neochem Co., Ltd. are the market leaders. Some of the other key players in the 1,3-butylene glycol marketare Godavari Biorefineries Ltd., Hangzhou Dayangchem Co. Ltd., Haihang Industry Co., Ltd., and Genomatica, Inc.

GLOBAL 1,3-BUTYLENE GLYCOL MARKET SEGMENTATION

By Product

• Pharmaceutical grade
• Industrial grade

By Application

• Cosmetic & personal care products
• Food products
• Others

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Indonesia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
  • Rest of Latin America
• Middle-East and Africa
  • Saudi Arabia
  • U.A.E.
  • Nigeria
  • Egypt
  • South Africa
  • Rest of Middle East and Africa