Global 1,3 Butanediol Market Projected Expansion at 5% CAGR (2019-2029)

The global 1,3 butanediol market is expected to witness a Compound Annual Growth Rate (CAGR) of around 5% during the forecast period from 2019 to 2029. 1,3 Butanediol, commonly referred to as 1,3-BDO, is a versatile organic compound with diverse applications across industries such as plastics, textiles, pharmaceuticals, and cosmetics. Recognized for its utility, the market for 1,3 Butanediol has consistently expanded, driven by its growing significance in various sectors.
The predominant factor fueling the market is the increasing demand for polybutylene terephthalate (PBT), a high-performance engineering plastic that constitutes a substantial share of 1,3-BDO consumption. Additionally, 1,3-BDO finds applications in the production of polyurethanes, solvents, and personal care items. The rising emphasis on environmentally friendly and sustainable materials is further driving the adoption of 1,3-BDO, given its capacity to be derived from renewable sources such as biomass.

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Market Opportunity

The 1,3 Butanediol market is poised for numerous favorable opportunities. Firstly, the burgeoning automotive industry, characterized by a rising need for lightweight and durable materials, serves as a significant catalyst for growth. The utilization of PBT, sourced from 1,3-BDO, in various automotive components contributes to improved performance and fuel efficiency.

Moreover, robust growth in the pharmaceutical and personal care sectors is generating substantial demand for 1,3-BDO. This compound plays a crucial role in the production of medicines, vitamins, and skincare products, thereby bolstering market expansion. As consumer preferences increasingly lean towards organic and natural products due to heightened health consciousness, 1,3-BDO derived from renewable sources holds significant potential.

Additionally, the exploration of innovative applications for 1,3-BDO, such as its use as a clean and sustainable fuel additive, presents a promising avenue for further market growth.

Market Challenges

The 1,3 Butanediol market confronts several challenges, with a prominent obstacle being the cost of production. While renewable feedstocks are available, the refinement processes can be costly, impacting the overall production expenses of 1,3-BDO. Furthermore, achieving scalability in production methods while upholding quality standards presents a complex undertaking.

Another challenge arises from the competition posed by alternative materials. The growing market for bio-based plastics and alternative chemicals necessitates 1,3-BDO to contend with these substitutes. Sustaining its status as a preferred choice for various applications demands ongoing innovation and cost-effectiveness.

Additionally, regulatory and environmental concerns associated with the use of 1,3-BDO in specific applications, such as cosmetics, introduce hurdles. Ensuring adherence to evolving regulations and addressing environmental impact concerns is crucial in navigating these challenges.

Competitive Landscape

In June 2019, Daicel Corporation, a Japanese chemical company, unveiled its intentions to expand the production facility for cosmetics-grade 1,3-butylene glycol at its Aboshi plant. Similarly, Oxea GmbH, a leading producer of oxo intermediates and derivatives, initiated a capacity increase project for 1,3-butylene glycol in Bishop, U.S., in March 2017. Additionally, in July 2019, Godavari Biorefineries Ltd., an Indian biorefinery company, achieved USDA certification as a biobased product for NaturoBG, a 1,3-butylene glycol derived from renewable sources.

1,3 Butanediol Market Segmentation

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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