1,3-butylene Glycol (CAS 107-88-0) Market Share & Market Analysis - Growth Trends & Forecasts for period from (2024 - 2031)
The "1,3-butylene Glycol (CAS 107-88-0) Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The 1,3-butylene Glycol (CAS 107-88-0) market is expected to grow annually by 6.6% (CAGR 2024 - 2031).
This entire report is of 195 pages.
1,3-butylene Glycol (CAS 107-88-0) Introduction and its Market Analysis
The 1,3-butylene Glycol (CAS 107-88-0) market research report highlights the growing demand for this chemical compound in various industries such as cosmetics, pharmaceuticals, and automotive. The market is driven by factors such as increasing awareness about the benefits of 1,3-butylene Glycol, its versatile applications, and the rise in demand for sustainable products. Companies like OXEA, DAICEL, and KH Neochem are leading players in the market, with a strong focus on innovation and product development. The report recommends increased investments in research and development, strategic partnerships, and expanding product portfolios to capitalize on the growing market opportunities.
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1,3-Butylene Glycol (CAS 107-88-0) is a widely used chemical compound in various industries such as cosmetics and industrial applications. The market for 1,3-Butylene Glycol is segmented based on its production methods, including chemical synthesis and fermentation.
In terms of applications, 1,3-Butylene Glycol is primarily used in the cosmetic industry as a solvent and humectant due to its moisturizing properties. It is also utilized in industrial processes such as the production of resins and plastics.
Regulatory and legal factors play a crucial role in the 1,3-Butylene Glycol market, with stringent regulations in place to ensure the safety and quality of the compound. Manufacturers must comply with various standards and guidelines set by regulatory bodies to maintain market competitiveness.
Overall, the 1,3-Butylene Glycol market is expected to witness steady growth, driven by increasing demand from the cosmetics and industrial sectors. With advancements in production techniques and regulatory compliance, the market for 1,3-Butylene Glycol is poised for further expansion in the coming years.
Top Featured Companies Dominating the Global 1,3-butylene Glycol (CAS 107-88-0) Market
The 1,3-butylene glycol market is highly competitive with key players including OXEA, DAICEL, and KH Neochem. These companies offer a wide range of products that utilize 1,3-butylene glycol (CAS 107-88-0) in various applications such as cosmetics, pharmaceuticals, and industrial chemicals.
OXEA is a leading global producer of Oxo intermediates and derivatives, including 1,3-butylene glycol. The company offers high-quality products and innovative solutions to its customers, thereby driving the growth of the 1,3-butylene glycol market.
DAICEL Corporation is another major player in the market, specializing in the production of specialty chemicals and materials. The company utilizes 1,3-butylene glycol in various applications such as cosmetics and pharmaceuticals, contributing to the expansion of the market.
KH Neochem is a chemical company that produces a wide range of chemicals, including 1,3-butylene glycol, for use in diverse industries. The company's commitment to quality and innovation has helped drive the growth of the 1,3-butylene glycol market.
These companies help grow the 1,3-butylene glycol market by offering high-quality products, developing innovative solutions, and expanding into new applications and markets. Through their strategic partnerships and investments in research and development, these companies contribute to the overall growth and success of the 1,3-butylene glycol market.
According to public financial records, OXEA reported sales revenue of approximately $ billion in 2020, DAICEL reported sales revenue of around $3.5 billion, and KH Neochem reported sales revenue of about $450 million. These figures demonstrate the significant contribution of these companies to the 1,3-butylene glycol market.
- OXEA
- DAICEL
- KH Neochem
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1,3-butylene Glycol (CAS 107-88-0) Market Analysis, by Type:
- Chemical Synthesis
- Fermentation
There are two main types of 1,3-butylene glycol (CAS 107-88-0) production methods: chemical synthesis and fermentation. Chemical synthesis involves reacting acetaldehyde with formaldehyde, while fermentation utilizes sugar sources like corn or wheat. These different production methods cater to different industries, with chemical synthesis favored by cosmetics and personal care products, and fermentation preferred by the food and beverage industry. This versatility in production methods helps boost the demand for 1,3-butylene glycol in various markets, ensuring a steady supply for different applications.
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1,3-butylene Glycol (CAS 107-88-0) Market Analysis, by Application:
- Cosmetic
- Industrial
1,3-butylene Glycol (CAS 107-88-0) is commonly used in cosmetics as a humectant, solvent, and viscosity-decreasing agent, due to its ability to attract and retain moisture. In the industrial sector, it is used as a chemical intermediate and solvent for resins. The fastest growing application segment in terms of revenue is the cosmetic industry, as demand for skincare and personal care products continues to rise globally. Its versatile properties make it a popular ingredient in various formulations, contributing to its increasing use in the cosmetic industry. Industrial applications also benefit from its ability to improve product performance and stability.
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1,3-butylene Glycol (CAS 107-88-0) Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The 1,3-butylene Glycol market is expected to witness significant growth in the forecast period across various regions. North America, particularly the United States and Canada, is anticipated to dominate the market due to the increasing demand for personal care products. Europe, led by Germany, France, the ., and Italy, is also expected to have a substantial market share. In the Asia-Pacific region, countries like China, Japan, South Korea, and India are projected to experience rapid growth in the market. Additionally, Latin America and the Middle East & Africa regions are expected to contribute to the market growth.
In terms of market share percentage valuation, North America is expected to hold the largest share, followed by Europe. The Asia-Pacific region is also forecasted to have a significant market share, with China and Japan leading the growth. Latin America and the Middle East & Africa regions are expected to see steady growth in the market share of 1,3-butylene Glycol.
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