Pharma and Cosmetics Industries Increasing Demand is Fueling 1,3-Butylene Glycol Market Including Major Players: Oxea, Daicel Safety Systems America, Godavari Biorefineries Limited, Haihang Industry Co.,Ltd & Genomatica

The 1,3-butylene glycol (1,3-BG) market growth is riding on the shoulders of increasing product demand from the cosmetics and pharmaceuticals industries. Valued at $127.8 million in 2017 by P&S Intelligence, the domain size is expected to be $178.5 million by 2024. Often just shortened to 1,3-BG, 1,3-butyine glycol is an alcoholic compound used as a solvent in industrial settings.

Request Sample Copy of Report :: https://www.psmarketresearch.com/market-analysis/1-3-bg-market/report-sample

Pharma and cosmetics companies consume the compound in heavy quantities, which is substantiated by the finding that pharmaceutical grade 1,3-BG held the larger 1,3-butylene glycol market share in terms of the total volume sold and revenue generated. The solvent is used to increase the shelf life of medicines, owing to its viscosity-decreasing properties.

The rising demand for hair and skin care products is increasing the revenue contribution of cosmetics companies to the domain, as the solvent is an integral component of such products. Skin diseases, such as acne, seborrheic dermatitis, eczema, and psoriasis, have started affecting people across the globe. Anxiety, stress, alcohol consumption, pollution and exposure to ultraviolet light are the leading causes of skin diseases.

Improving living standards because of rising disposable income presents a lucrative opportunity to 1,3-BG manufacturers. People are now spending more freely on cosmetics, both for medical and aesthetical reasons. The compound is used in everything from shave gels to makeup.

Read summary of report here :: https://www.psmarketresearch.com/market-analysis/1-3-bg-market/

So, as the living standard, especially in developing countries, improves further, cosmetic sales and production will rise, giving the 1,3-butylene glycol market further impetus to progress. Asia-Pacific (APAC) is already the market leader, and the above-mentioned factors are expected to help keep its dominance unchallenged during the forecast period 2018–2024.

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

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:

P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: www.psmarketresearch.com

This release was published on openPR.