1,3 Butanediol Market Growth Prospects, Key Vendors, Future ScenarioPosted by Preet on February 4th, 2020 Global 1,3 Butanediol Market - A Report by Fact.MR 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. 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. 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. The 1,3 butanediol market report considers the following years to present the overall market growth:
Key findings of the 1,3 butanediol market study:
On the basis of product type, the 1,3 butanediol market study consists of:
Want to know more about the report or any specific requirement: https://www.factmr.com/connectus/sample?flag=AE&rep_id=4268 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. 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. Prominent players in the market aim to gain from the market growth which makes them expand their production facilities and progress towards innovative products development. Jiangsu Huachang Chemical Co., Ltd. has extended its investment plan with 200 ton pilot plant for 1,3 butanediol manufacture. Daicel Corporation is undergoing expansion of its production facility at Aboshi, Japan plant. Oxea Gmbh has also extended its facility with projects in Bishop, U.S. Godavari Biorefinaries Ltd. has launched nature BG as its bio based product. Biotechnology company Genomatica is collaborating with many companies like Novamount, Covestro and Viachem to expand its 1,3 butanediol distribution around the world. On the basis of function, the 1,3 butanediol market study incorporates:
On the basis of region, the 1,3 butanediol market study contains:
Key players analyzed in the 1,3 butanediol market study:
Queries addressed in the 1,3 butanediol market report:
Why choose Fact.MR? Reports published by Fact.MR are a result of the combination of our experts and digital technologies. We thrive to provide innovative business solutions to the clients as well as tailor the reports aligning with the clients’ requisites. Our analysts perform comprehensive research to offer ins and outs of the current market situation. Clients across various time zones tend to utilize our 24/7 service availability. Like it? Share it! More by this author |