Global 1,3 Butanediol Market is projected to expand at a CAGR of around 5% during the forecast period

Cosmetics & personal care accounts for the majority of the demand for 1,3 butanediol. The industry has shown fast paced growth in the recent years owing to a rise in population and increase in per capita spending, thereby driving expansion in the 1,3 butanediol market. With regard to revenue, the global 1,3 butanediol market is projected to expand at a CAGR of around 5% during the forecast period. This notable growth in the 1,3 butanediol market is mainly influenced by its widespread usage in the cosmetics & personal care industry. Moreover, 1,3 butanediol is gaining traction in niche applications such as polymers and food applications, which further fuels the market growth throughout the forecast period. Bio-based versions have hit the market. The prevalence of sustainable raw materials pushes for continuous development of raw materials that are not only effective in existing formulations but are also cost economic.

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Changing Consumer Preferences for Non- Synthetic Products to Proliferate the Global 1,3 Butanediol Market
The prominent players in the 1,3 butanediol market are involved in the expansion of production facilities, new product development and advancement in technology to cater to the growing demand for 1,3 butanediol.

The global 1,3 butanediol market is consolidated with very few manufacturers; however various manufacturers are involved in research activities to develop efficient production technologies and are soon going to commercialize 1,3 butanediol in the market.

For instance, Jiangsu Huachang Chemical Co., Ltd., a Chinese manufacturer of basic chemicals, fine chemicals and biochemical has invested in a 200-ton pilot plant of 1,3 butanediol.

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1,3 Butanediol Market Segmentation
Fact.MR has studied the 1,3 butanediol market with a detailed segmentation on the basis of function, end-use industry, and key regions.

Function
Humectant
Emollient
Stabilizer
Intermediate
Other
End-Use Industry
Cosmetics & Personal Care
Skin Care
Hair Care
Personal cleanliness
Bath & Shower
Others
Plastics & Polymers
Paint & Coating
Food
Others
Region
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

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For more insights:
https://www.einpresswire.com/article/556336214/in-line-with-carbon-sequestration-and-water-retention-properties-of-biochar-drives-the-industry

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