- Pharmaceutical Grade
- Industrial Grade
1,3-Butylene Glycol Market Size was valued at USD 183.7 million in 2022 and is poised to grow at a CAGR of 5.7% over 2023-2029. 1,3-butylene glycol is a chemical compound that is a member of the glycols class of alcohols and is widely utilized in a variety of sectors including personal care and cosmetics, pharmaceuticals, and chemical manufacturing. The increased demand for skincare and cosmetic products that provide moisturizing and texture-enhancing properties drives the 1,3-butylene glycol market. According to Cosmetics Europe, a personal care association, in 2022, the cosmetics and personal care industry brings at least €29 billion from Europe’s 500 million consumers. Furthermore, the increased awareness and consciousness about the ingredients in beauty products and the demand for safe and effective ingredients are also anticipated to propel the market. In addition, the innovations and advancements in formulations to provide beauty products for different skin types have provided opportunities for several industries and manufacturers to launch several products in the market. Currently, the availability of options for customization and personalization of skincare products has become quite popular to cater to individual skin needs. But the stringent regulatory scrutiny, and the safety and compliance of 1,3-Butylene Glycol in formulations for all cosmetics and personal care products prior to approval for sales in the market and the availability of alternatives for 1,3-Butylene Glycol as humectants and moisturizing agents may hinder the growth of the market. However, high demand in food, pharmaceutical, paints & coatings, inks, and plasticizer industries, presence of intense competition, technological innovation and advancements, advanced infrastructure are anticipated to burgeon the market growth during the forecast period.
Fastest Growing Market
The market is expected to rise as the usage of pharmaceutical grade 1,3-butylene glycol has increased owing to it being produced, processed, and tested to adhere to rigorous quality and purity standards set by regulatory agencies and other industry guidelines. Furthermore, the increased usage of 1,3-Butylene glycol in various cosmetics and pharmaceutical products to serve as a solvent and stabilizer in liquid formulations and as a solubilizing agent in topical formulations such as creams, gels, and lotions drives the market. The substance's antimicrobial qualities allow it to be used in medications. Additionally, 1,3-butylene Glycol is more effective as an antibacterial agent when compared to similar organic compounds, aiding in the prevention and eradication of yeast, mold, and gram-positive and gram-negative bacteria.
The global 1,3-butylene glycol market valued at USD 183.7 million in 2022 and is expected to grow at 5.7% CAGR over the forecast period 2023 – 2029.
The increased demand for skincare and cosmetic products that provide moisturizing and texture-enhancing properties drives the 1,3-butylene glycol market.
Daicel Corporation, Genomatica Inc., Godavari Biorefineries Ltd., Haihang Industry Co. Ltd., KH Neochem Co. Ltd., MMP Inc., OQ Chemicals GmbH, OXEA GmbH, Penta Manufacturing Company, Rita Corporation, Shanghai Jinjin Industry Co., Ltd., and Whyte Chemicals Limited are a few companies operating in 1,3-butylene glycol market.
Asia Pacific dominates the market with 6.2% CAGR in 2022, and is anticipated to grow with 6.5% CAGR over the forecast period 2023-2029.