1 3 Butanediol Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_00111980
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 8.48 |
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The 1,3-Butanediol Market size is estimated to grow at a CAGR of 7.5% between 2022 and 2032. The market size is forecast to increase by USD 2,345.67 million. The growth of the market depends on several factors, including the rising demand for bio-based chemicals, increasing applications in various industries, and the need for sustainable and eco-friendly solutions.
1,3-Butanediol is a chemical compound that is widely used in the production of plastics, fibers, solvents, and pharmaceuticals. It is a versatile chemical with excellent properties, including high boiling point, low toxicity, and good solubility. The market for 1,3-Butanediol is driven by its wide range of applications and the growing demand for sustainable alternatives to petroleum-based chemicals.
Market Overview:
Drivers:
One of the key factors driving the 1,3-Butanediol market growth is the increasing demand for bio-based chemicals. With the growing awareness of environmental sustainability, there is a rising preference for chemicals derived from renewable sources. 1,3-Butanediol can be produced from biomass feedstocks such as corn, sugarcane, and other plant-based materials, making it a sustainable and eco-friendly alternative to petroleum-based chemicals. This factor is expected to drive the market growth during the forecast period.
Moreover, 1,3-Butanediol finds extensive applications in various industries, including automotive, textiles, pharmaceuticals, and cosmetics. In the automotive industry, it is used in the production of plastics and fibers, which are essential components in vehicle interiors and exteriors. In the textile industry, it is used as a solvent for dyeing and printing processes. In the pharmaceutical and cosmetics industries, it is used as a precursor for the synthesis of active ingredients. The wide range of applications is expected to fuel the market growth during the forecast period.
Trends:
A key trend shaping the 1,3-Butanediol market growth is the increasing focus on sustainable manufacturing processes. Manufacturers are adopting green chemistry principles and sustainable production methods to minimize the environmental impact of chemical manufacturing. The production of 1,3-Butanediol from renewable feedstocks aligns with these sustainability goals, making it an attractive choice for environmentally conscious companies. This trend is expected to drive the market growth as more industries prioritize sustainable practices.
Additionally, the growing demand for biodegradable plastics is driving the market for 1,3-Butanediol. Biodegradable plastics offer a sustainable alternative to traditional plastics, as they can be broken down by natural processes, reducing plastic waste and pollution. 1,3-Butanediol is a key component in the production of biodegradable plastics, making it an essential ingredient in the shift towards more sustainable packaging solutions. This trend is expected to contribute to the market growth during the forecast period.
Restraints:
One of the key challenges hindering the 1,3-Butanediol market growth is the high production cost. The production of 1,3-Butanediol from renewable feedstocks requires advanced technologies and specialized equipment, which can increase the overall manufacturing cost. Manufacturers need to invest in research and development to optimize production processes and reduce costs to make 1,3-Butanediol more economically viable. This factor is expected to hinder market growth during the forecast period.
Furthermore, the availability of alternative chemicals can also impact the market for 1,3-Butanediol. There are other chemicals with similar properties and applications, such as 1,4-Butanediol and ethylene glycol. The competition from these alternative chemicals can pose a challenge to the market growth of 1,3-Butanediol. Manufacturers need to differentiate their products and highlight the unique advantages of 1,3-Butanediol to overcome this challenge.
1,3-Butanediol Market Segmentation By Application:
The automotive segment is estimated to witness significant growth during the forecast period. 1,3-Butanediol is widely used in the production of plastics and fibers for automotive interiors and exteriors. The automotive industry's increasing focus on lightweight materials and sustainable solutions is driving the demand for 1,3-Butanediol. Additionally, the pharmaceutical and cosmetics segments are also expected to contribute to the market growth. 1,3-Butanediol is used as a precursor for the synthesis of active ingredients in pharmaceuticals and as a solvent in cosmetics. These applications are expected to fuel the growth of these segments, driving the market growth during the forecast period.
1,3-Butanediol Market Segmentation By Type:
The bio-based 1,3-Butanediol segment is witnessing significant growth, driven by the increasing demand for sustainable chemicals. Bio-based 1,3-Butanediol is produced from renewable feedstocks, reducing the reliance on fossil fuels and minimizing the carbon footprint. This type of 1,3-Butanediol is preferred by environmentally conscious industries and consumers, driving its market growth.
Moreover, the industrial-grade 1,3-Butanediol segment is also expected to contribute to the market growth. Industrial-grade 1,3-Butanediol is used in various industrial applications, such as solvents, coatings, and adhesives. The versatility and performance of industrial-grade 1,3-Butanediol make it a preferred choice in these applications. Hence, such factors are expected to fuel the demand for these segments, driving the market growth during the forecast period.
Regional Overview:
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Request pdf SampleNorth America is estimated to contribute significantly to the growth of the global 1,3-Butanediol market during the forecast period. The region has a strong presence of automotive, pharmaceutical, and cosmetics industries, which are major end-users of 1,3-Butanediol. The growing demand for sustainable chemicals and materials in these industries is driving the market growth.
Furthermore, Europe is also expected to witness substantial market growth. The region's focus on sustainability and environmental regulations is driving the demand for bio-based chemicals like 1,3-Butanediol. Additionally, the increasing adoption of biodegradable plastics in packaging applications is further driving the demand for 1,3-Butanediol in the region. Hence, such factors are expected to drive market growth in these regions during the forecast period.
In 2020, during the COVID-19 pandemic, the global 1,3-Butanediol market experienced a temporary slowdown due to disruptions in supply chains and manufacturing operations. However, as economic activities resumed and vaccination efforts progressed, the market witnessed a gradual recovery. The growing demand for sustainable chemicals and materials in the post-pandemic era is expected to drive the market during the forecast period.
1,3-Butanediol Market Customer Landscape:
The 1,3-Butanediol market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major 1,3-Butanediol Market Companies?
Companies in the 1,3-Butanediol market are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Some of the major companies in the 1,3-Butanediol market include:
- BASF SE
- Dow Chemical Company
- Mitsui Chemicals, Inc.
- BioAmber Inc.
- Genomatica, Inc.
- Cathay Industrial Biotech Ltd.
- Xinjiang Blue Ridge Tunhe Chemical Industry Joint Stock Co., Ltd.
- Godavari Biorefineries Ltd.
- Metabolic Explorer SA
- Daicel Corporation
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
- Invista
- LyondellBasell Industries N.V.
- Mitsubishi Chemical Corporation
- Sipchem
- SK Global Chemical Co., Ltd.
- Formosa Plastics Corporation
- LG Chem Ltd.
- Reliance Industries Limited
- SABIC
- Sumitomo Chemical Co., Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Segment Overview:
The 1,3-Butanediol market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Automotive
o Textiles
o Pharmaceuticals
o Cosmetics
o Others
- Type Outlook (USD Million, 2019 - 2032)
o Bio-based 1,3-Butanediol
o Industrial-grade 1,3-Butanediol
- Geography Outlook (USD Million, 2019 - 2032)
o North America
The U.S.
Canada
o Europe
U.K.
Germany
France
Rest of Europe
o APAC
China
India
o South America
Brazil
Argentina
Chile
o Middle East & Africa
Saudi Arabia
South Africa
Rest of the Middle East & Africa
Table of Content
Chapter 1 About the 1,3 - Butanediol Industry
1.1 Industry Definition
1.1.1 Types of 1,3 - Butanediol industry
1.2.1.1 Food Grade
1.2.1.2 Industrial grade
1.2 Main Market Activities
1.3 Similar Industries
1.4 Industry at a Glance
Chapter 2 World Market Competition Lanscape
2.1 1,3 - Butanediol Markets by regions
2.1.1 USA
Market Revenue and Growth Rate 2015-2020
Market overview
Major players Revenue in 2020
2.1.2 Europe
Market Revenue and Growth Rate 2015-2020
Market overview
Major players Revenue in 2020
2.1.3 China
Market Revenue and Growth Rate 2015-2020
Market overview
Major players Revenue in 2020
2.1.4 India
Market Revenue and Growth Rate 2015-2020
Market overview
Major players Revenue in 2020
2.1.5 Japan
Market Revenue and Growth Rate 2015-2020
Market overview
Major players Revenue in 2020
2.2 World 1,3 - Butanediol Market by types
Food Grade
Industrial grade
2.3 World 1,3 - Butanediol Market by Applications
Polymer products
Industrial additives
Cosmetic products
Medicine
Food additives
Chapter 3 World 1,3 - Butanediol Market share
3.1 Major players Market share by production
3.2 Major players Market share by Revenue
3.3 Major Regions Market share by Production in 2020, Through 2025
3.4 Major Regions Market share By Revenue in 2020, Through 2025
Chapter 4 Supply Chain
4.1 Industry Supply chain Analysis
4.2 Raw material Market analysis
4.2.1 Raw material Prices analysis 2015-2020
4.2.2 Raw material Supply Market analysis
4.2 Manufacturing Equipment Suppliers Analysis
4.3 Production Process Analysis
4.4 Production Cost Structure Benchmarks
4.5 End users Market Analysis
Chapter 5 Company Profiles
5.1 OXEA
5.1.1 Company Details (Foundation Year, Employee Strength and etc)
5.1.2 Product Information (Picture, Specifications and Applications)
5.1.3 Revenue, Price and Operating Profits
5.2 DAICEL
5.2.1 Company Details (Foundation Year, Employee Strength and etc)
5.2.2 Product Information (Picture, Specifications and Applications)
5.2.3 Revenue, Price and Operating Profits
5.3 Kokyu Alcohol
5.3.1 Company Details (Foundation Year, Employee Strength and etc)
5.3.2 Product Information (Picture, Specifications and Applications)
5.3.3 Revenue, Price and Operating Profits
5.10 KH Neochem
5.10.1 Company Details (Foundation Year, Employee Strength and etc)
5.10.2 Product Information (Picture, Specifications and Applications)
5.10.3 Revenue, Price and Operating Profits
Chapter 6 Globalisation& Trade
6.1 Business Locations
6.2 Supply channels
6.3 Marketing strategy
6.4 Barriers to Entry
Chapter 7 Distributors and Customers
7.1 Major Distributors and contact information by regions
7.2 Major Customers and contact information by regions
Chapter 8 Import, Export, Consumption and Consumption Value by Major Countries
8.1 USA
8.2 Germany
8.3 China
8.4 Japan
8.5 India
Chapter 9 World 1,3 - Butanediol Market Forecast through 2025
9.1 World 1,3 - Butanediol Demand by Regions Forecast through 2025
9.2 World 1,3 - Butanediol Price(by Regions, Types, Applications)Analysis Forecast through 2025
9.3 World 1,3 - Butanediol Revenue(by Regions, Types, Applications) Forecast through 2025
Chapter 10 Key success factors and Market Overview
Tables and figures
Table Main Market Activities by Regions
Table Market Revenue and Growth Rate 2015-2020
Table Major players Revenue in 2020
Table Market Revenue and Growth Rate 2015-2020
Table Major players Revenue in 2020
Table Market Revenue and Growth Rate 2015-2020
Table Major players Revenue in 2020
Table Market Revenue and Growth Rate 2015-2020
Table Major players Revenue in 2020
Table Market Revenue and Growth Rate 2015-2020
Table Major players Revenue in 2020
Table Major players Market share by production 2020
Table Major players Market share by Revenue 2020
Table Major Regions Market share by Production in 2020-2020
Table Major Regions Market share by Production in 2020-2025
Table Major Regions Market share by Revenue in 2020-2020
Table Major Regions Market share by Revenue in 2020-2025
Table Industry Supply chain Analysis
Table Raw material Prices analysis 2015-2020
Table Raw material Suppliers Market analysis
Table Manufacturing Equipment Suppliers Analysis
Figure Production Process Analysis
Figure Production Cost Structure
Table major End Users by regions
Table OXEA Information List
Figure 1,3 - Butanediol1,3 - Butanediol Picture, Specifications and Applications of OXEA
Table 1,3 - Butanediol Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of OXEA 2020
Figure 1,3 - Butanediol Sales Volume (tons) and World Market Share of OXEA 2020
Table DAICEL Information List
Figure 1,3 - Butanediol Picture, Specifications and Applications of DAICEL
Table 1,3 - Butanediol Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of DAICEL 2020
Figure 1,3 - Butanediol Sales Volume (tons) and World Market Share of DAICEL 2020
Table Kokyu Alcohol Information List
Figure 1,3 - Butanediol Picture, Specifications and Applications of Kokyu Alcohol
Table 1,3 - Butanediol Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Kokyu Alcohol 2020
Figure 1,3 - Butanediol Sales Volume (tons) and World Market Share of Kokyu Alcohol 2020
Table KH Neochem Information List
Figure 1,3 - Butanediol Picture, Specifications and Applications of KH Neochem
Table 1,3 - Butanediol Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of KH Neochem 2020
Figure 1,3 - Butanediol Sales Volume (tons) and World Market Share of KH Neochem 2020
Table Business Locations
Figure Supply channels
Figure Marketing strategy
Table Barriers Analysis to Entry
Table Major Distributors and contact information by regions
Table Major Customers and contact information by regions
Table USA Supply, Import, Export, Consumption (tons) and Consumption Value(M USD)
Table Germany Supply, Import, Export, Consumption(tons) and Consumption Value(M USD)
Table China Supply, Import, Export, Consumption(tons) and Consumption Value(M USD)
Table Japan Supply, Import, Export, Consumption(tons) and Consumption Value(M USD)
Table India Supply, Import, Export, Consumption(tons) and Consumption Value(M USD)
Table World Demand (tons) by Regions Forecast Analysis of 1,3 - Butanediol (2020-2025)
Table World Price by Regions Forecast Analysis of 1,3 - Butanediol (2020-2025)
Table World Price by Types Forecast Analysis of 1,3 - Butanediol (2020-2025)
Table World Price by Applications Forecast Analysis of 1,3 - Butanediol (2020-2025)
Table World Revenue by Regions Forecast Analysis of 1,3 - Butanediol (2020-2025)
Table World Revenue (M USD) by Types Forecast Analysis of 1,3 - Butanediol (2020-2025)
Table World Revenue (M USD) by Applications Forecast Analysis of 1,3 - Butanediol (2020-2025)
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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