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Global 1,3-Butylene Glycol (1,3-BG) Market ; Industry Insights, Trends, Size, Share and Outlook to 2023
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The chemical is a viscosity decreasing component and prevents the dying out of cosmetics. The best characteristic of 1,3-BG is its ability to stabilize volatile compounds such as fragrances and flavors fixing them in cosmetic formulations and to reduce the loss of aroma.
Globally, Asia-Pacific dominates the market and is expected to remain the largest market in future as well. This is due to high demand for 1,3-BG in emerging economies of the region. During the forecast period, the market is expected to witness the fastest growth in Asia-Pacific.
1,3 butylene glycol is used as raw material for polyester plasticizers and unsaturated polyester resins humectant in cosmetics. The chemical is a viscosity decreasing component and prevents the dying out of cosmetics. The best characteristic of 1,3 butylene glycol is its ability to stabilize volatile compounds such as fragrances and flavors fixing them in cosmetic formulations and to reduce the loss of aroma.
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The research states that this industry is consolidated, where OXEA GmbH, Daicel Corporation, and KH Neochem Co., Ltd. are the market leaders. Some of the other key players in the 1,3-butylene glycol market are Godavari Biorefineries Ltd., Hangzhou Dayangchem Co. Ltd., Haihang Industry Co., Ltd., and Genomatica, Inc.
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