Global 1,3 Butanediol Market – A Report by Fact.MR
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global 1,3 butanediol market. The 1,3 butanediol market report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth. Each segment alongwith its sub-segment is analyzed in terms of value and volume. Further, the 1,3 butanediol market report elaborates the market behavior of each vendor operating in the 1,3 butanediol market.
1,3 butanediol is a colorless water soluble liquid compound that is actively used in cosmetics and personal care industry. This industry owns a great share of the global 1,3 butanediol market and its further growth is estimated to be driven by factors like increased demand for emollients and humectants. Awareness about advantages of 1,3 butanediol is propelling the growth of global 1,3 butanediol market.
Fact.MR report projects the personal care market growth to be about 4 times of its current size in the coming years. Skin care owns a humongous share of about 45% of global personal care market which is mainly because of viscosity decreasing agents and moisturizing solutions. The report predicts global cosmetic and personal care industry to be the fastest crossing industry in consumer segment owing to increased expenditure on personal care products and enhanced online sale.
Latest Fact.MR study expects global 1,3 butanediol market to grow at 4.8% annual growth rate in the forecast period. Amplified demand of cosmetic and personal care products like hare care and skin care solutions is the major factor behind this growth.
Key findings of the 1,3 butanediol market study:
- Regional breakdown of the 1,3 butanediol market based on predefined taxonomy.
- Innovative manufacturing processes implemented by 1,3 butanediol market vendors in detail.
- Region-wise and country-wise fragmentation of the 1,3 butanediol market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global 1,3 butanediol market.
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Distribution channels have huge impact
Distribution and sales channels are very important determinants of growth. E-commerce culture along with direct-to-customers shipping have become mainstream, giving rise to online sale of personal care products. Online sale of these products is estimated to have rapidly grown by 24%. Majority of customers are attracted to online shopping. Digitization across the globe, especially in developing nations have given a robust platform to online shopping solutions. E-commerce retails are leveraging internet and smart marketing strategies to gain better penetration in global 1,3 butanediol market. Online retailers have evolved as customized solution providers which has surged online sales channel worldwide.
Global 1,3 butanediol market is facing challenges regarding negative environmental impact. Eco-friendly bio-based 1,3 butanediol is the new favorite as it contains maximum natural ingredients. Manufacturers have diverted their attention in this segment to gain competitive edge.
On the basis of product, the 1,3 butanediol market study consists of:
- Skin Care
- Hair Care
- Colour Cosmetics
- Men’s Grooming
- Oral Care
- Bath & Shower
- Baby & Child Care
On the basis of function, the 1,3 butanediol market study incorporates:
On the basis of region, the 1,3 butanediol market study contains:
- North America
- Latin America
- South Asia and Oceania
- East Asia
- Middle East and Africa
Key players analyzed in the 1,3 butanediol market study:
- MMP Inc.
- Penta Manufacturing Company
- Godavari Biorefineries Ltd.
- Daicel Corporation
- KH Neochem
- OXEA GmbH
North America is manufacturer’s hub
Geographical segmentation of global 1,3 butanediol market can be done into North America, Latin America, Europe, Asia Pacific and MEA where the North America and Asia Pacific house the majority of manufacturers. Presence of advanced technology and availability of robust production facilities make North America a leading region in global market. Asia Pacific owns significant share of global personal care products market which is driven by many factors like rapid population growth and rise in expenditure.
Queries addressed in the 1,3 butanediol market report:
- Why are the 1,3 butanediol market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global 1,3 butanediol market?
- Which regions are displaying the fastest growth in the 1,3 butanediol market?
- What are the underlying micro- macroeconomic factors affecting the global 1,3 butanediol market?
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