1,3-Butanediol, also well-known as 1,3-butylene glycol or butane-1,3-diol, is an alcohol with the formula C4H10O2. It is commonly utilized as a solvent for food flavourings agents and is a co-monomer utilized in the certain polyurethane and polyester resins.
According to the report analysis, ‘Global 1,3-Butanediol (CAS 107-88-0) Market, 2021-2027’ states that Daicel Corporation, Kokyu Alcohol Kogyo Co., Ltd., OQ Chemicals GmbH, among others are the key companies which recently working in the global 1,3-Butanediol (CAS 107-88-0) market more actively for keep maintaining the governing position, registering the great value of market share, obtaining the competitive edge, leading the highest market growth and generating the highest percentage of revenue by establishing the several research and development programs, increasing the features and benefits of 1,3-Butanediol (CAS 107-88-0), spreading the awareness connected to the applications and advantages of 1,3-Butanediol (CAS 107-88-0), implementing the policies of profit making and strategies of expansion, improving the qualitative and quantitative measures of such and analysing the strategies and policies of government as well as contenders.
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Apart from this, the requirement for the material is booming in the food, pharmaceutical, paints & coatings, inks, and plasticizer industries. Essentially, the growth in the requirement for pharmaceutical-grade of this chemical from these industries is propelling the market growth.
Globally, the APAC region registers the Global 1,3-Butylene Glycol Market, and it is projected to remain the largest customer of the material in the future as well. The tremendous requirement for this chemical in the emerging economies of the region is projected to propel the global market. The effective growth in demand for cosmetic & personal care products, such as body moisturizing lotions, sunscreen lotions and creams, face washes, hair styling gels, and makeup for men and women, propels the APAC market's expansion, which is motivating the players to take steps to leverage this requirement.
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A rise in requirement for 1,3-butanediol from the pharmaceutical industry and speedy increase in the requirement for cosmetic products are predicted to propel the 1,3-butanediol market throughout the review period. Moreover, 1, 3-butanediol is utilized to derive exceptional plasticizers such as monocarboxylic acid monoester. These plasticizers are utilized in the production of plastics such as polyvinyl chloride (PVC). Proficient growth in plastic and polymer industries is projected to fuel the market during the coming years. 1, 3-butanediol has applications as an antibacterial agent in dairy & meat products owing to its antibacterial properties.
The market in North America and Europe is projected to enlarge at a significant pace, owing to high requirement for 1, 3-butanediol from the cosmetic & personal care, paints & coatings, and plastic industries. In addition, the stringent environmental laws in North America and Europe are increasing demand for bio-based chemicals. This is probable to fuel requirement for 1,3-butanediol as it is an organic compound. The market in Latin America and Middle East & Africa is predicted to expand at a sluggish growth rate during the forecast duration. Therefore, it is predicted that during the near period the market of 1, 3-butanediol will develop more actively over the assessed period.
For more information on the research report, refer to below link:
Global 1,3-Butanediol (CAS 107-88-0) Market Outlook, 2021-2027
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