市場調查報告書
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1463554
全球 1,3-丁二醇 (BDO) 市場 - 2024-2031Global 1,3-Butanediol (BDO) Market - 2024-2031 |
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概述
2023年,全球1,3-丁二醇(BDO)市場達到1.882億美元,預計2031年將達到2.517億美元,2024-2031年預測期間複合CAGR為3.7%。
在全球範圍內,各種最終用途行業需求的快速成長以及對永續性的日益重視推動了 1,3-丁二醇產品市場的發展。一項研究顯示 Geno 的功能性生酮成分 Avela (R)。 1,3-丁二醇可有效增加 BETA-羥基丁酸 (BHB),這與提高思維清晰度和耐力有關。作為一種有效的生酮原料成分,1,3-丁二醇為食品和飲料製造商提供了一種創新方法來滿足消費者對營養酮症的需求。它也有可能部分顛覆功能性食品和飲料產業。
中國是1,3-丁二醇的主要生產國之一,佔據亞太市場相當大的佔有率。該國擁有強大的 BDO 製造產能和基礎設施,這得益於強大的化學產業和有利的監管環境。因此,中國佔據了該地區市場的大部分市場佔有率。
動力學
越來越多採用生物基丁二醇
使用生物基 1,3-丁二醇的公司可能會透過強調其永續資格來使其產品在市場上脫穎而出。提供生物基替代品也有助於提高品牌聲譽和競爭力,特別是在永續發展是主要購買考量的領域。隨著客戶偏好向道德和生態負責的產品發展,公司可以透過遵循這些趨勢來獲得相對於競爭對手的優勢。
透過使用農業廢棄物和生質能作為原料,生物基化學品為循環經濟的發展做出了重大貢獻。生物煉油廠透過將有機廢棄物轉化為生物衍生的 1,3-丁二醇等有用的化合物,有助於減少廢棄物、提高資源效率並永續地管理資源。這種循環方法推動了生物基化學品的採用,這符合永續發展標準。
對永續美容產品的需求不斷成長
1,3-丁二醇用作多種個人護理產品的成分,包括護膚品、護髮品和牙科護理品。它具有多種作用,包括保濕、增溶和黏度調節。隨著人們對個人美容和護膚程序的了解增加,對含有 1,3-丁二醇的產品的需求不斷增加。
化妝品行業對環保和永續美容產品的需求不斷成長,這為致力於這一領域的公司帶來了巨大的成長前景。消費者擴大尋找符合其道德和生態價值觀的產品,這為將永續發展放在首位的公司打開了市場。此外,生物基丁二醇可用於化妝品配方,進而推動全球 1,3-丁二醇市場的發展。
替代產品的競爭
市場上的多種替代產品可能會導致消費者和生產者的選擇變得更加多樣化和分散。多元化可能會稀釋1,3-丁二醇的市場佔有率,使其更難佔據行業領先地位。各種替代產品的出現進一步阻礙了1,3-丁二醇市場的成長,加劇了競爭並給成本帶來了壓力。
例如,品質與 1,3-丁二醇相同或更好的生物基或環保替代品的出現可能對其市場主導地位構成嚴重的競爭威脅,特別是在永續發展為重中之重的行業。
Overview
Global 1,3-Butanediol (BDO) Market reached US$ 188.2 million in 2023 and is expected to reach US$ 251.7 million by 2031, growing with a CAGR of 3.7% during the forecast period 2024-2031.
Globally, the 1,3-butanediol product market is fueled by rapid growing demand from a variety range of end-use sectors, as well as an increasing emphasis on the sustainability. A research study indicates Geno's functional ketogenic component, Avela (R). 1,3-Butanediol efficiently increases beta-hydroxybutyrate (BHB), which is related to improved mental clarity and endurance. As an effective ketogenic raw material ingredient, 1,3-butanediol gives food and beverage manufacturers an innovative approach to meet consumer demand for nutritional ketosis. It also has the potential to partially disrupt the functional food and beverage industry.
China is one of the leading manufacturers of 1,3-butanediol, accounting for a sizable portion of the Asia-Pacific market. The country has a large production capacity and infrastructure for BDO manufacturing, which is aided by a strong chemical sector and a favorable regulatory environment. As a result, China accounts for the majority of market share in the regional marketplace.
Dynamics
Increasing Adoption of Bio-Based Butanediol
Companies that use bio-based 1,3-butanediol might differentiate their products on the market by emphasizing their sustainability credentials. Offering of bio-based alternatives can also help boost brand reputation and competitiveness, especially in areas where sustainability is a major purchase consideration. As customer preferences evolve towards ethical and ecologically responsible products, companies can gain an edge over competitors by adhering to these trends.
By using agricultural waste products and biomass as feedstock, bio-based chemicals contribute significantly to the advancement of the circular economy. Bio-refineries help to reduce waste, increase resource efficiency and manage resources sustainably by turning organic waste into useful chemical compounds like bio-derived 1,3-butanediol. The adoption of bio-based chemicals is fueled by this circular approach, which is consistent with sustainability standards.
Rising Demand for Sustainable Beauty Products
1,3-butanediol is used as a component in several personal care products, including skincare, haircare and dental care. It has several roles, including moisturizing, solubilizing and viscosity regulation. With increased knowledge of personal grooming and skincare routines, there is an increased demand for products containing 1,3-butanediol.
The demand for eco-friendly and sustainable beauty products is rising in the cosmetics industry, which presents significant growth prospects for the companies that are committed to this concern. Consumers are searching more and more for products that align with their moral and ecological values, opening up a market for companies that put sustainability first. Furthermore, bio-based butanediol is useful in cosmetic formulations, which drives the global 1,3-butanediol market.
Competition from Substitute Products
Multiple alternative products on the market may cause consumer and producer options to become more diverse and fragmented. The diversification may dilute 1,3-butanediol's market share, making it more difficult to take the industry lead. The availability of a wide range of substitute products further impedes the growth of the 1,3-butanediol market, increasing competition and putting pressure on costs.
For instance, the advent of bio-based or eco-friendly replacements that have equal or superior qualities to 1,3-butanediol can constitute a serious competitive threat to its market dominance, particularly in industries where sustainability is a top priority.
The global 1,3-butanediol (BDO) market is segmented based on type, function, end-user and region.
Solvent and Humectants Driving Innovation in Cosmetics and Personal Care Industries
A 1,3-butanediol solvent acts as a humectant function and is a viscosity agent for a wide range of formulations, including skin and hair care products, perfumes and color cosmetics, which explains its appeal in the cosmetics and personal care sectors. It also acts as a humectant, supplying moisture to the skin and hair, thereby hydrating and preserving moisture balance. Its capability of improving product texture and viscosity increases its applicability in formulations.
As consumer concerns about synthetic chemicals that may have negative effects on health and the environment grow, manufacturers globally are concentrating on producing organic cosmetic products. In April 2023, the Body Shop company launched its 'activist' product line across India. The new range of the launched products, which consists of skin products and color cosmetics will only be a continuation of the brand's long term commitment to the country. Therefore, cosmetics & personal care segment dominates the global market with majority of the market share.
Rapid Growth in the Regional Beauty & Personal Care Industries
As the industries grow due to reasons such as urbanization, increase in disposable income and industrialization, the requirement of 1,3-butanediol as a major chemical intermediate for various applications increases. There is a significant growth of industries like beauty & personal care in the region, which is the main end-user of 1,3-butanediol. As reported by L'Oreal, one of the world's major beauty and personal care product brands, Asia-Pacific accounted for about 43% of the global cosmetics market in 2020.
The International Trade Administration estimates that Vietnam's beauty and personal care market was worth US$ 2.3 billion in 2021, growing at a CAGR of 5.9% through 2025. Due to the increased demand for beauty & personal care products in the region, there will be a significant driver of the 1,3-butanediol market. Therefore, Asia-Pacific captures the majority of the market shares in global product market.
The pandemic severely affected the global supply chains, causing delay in procurement of raw material, labor shortages and transportation delays. Manufacturers producing 1,3-butanediol encountered difficulties in obtaining necessary inputs and delivering final products, resulting in production schedule interruptions and supply chain inefficiencies.
Additionally, pandemic has boosted the need for the sanitization products such as hand sanitizer and other cleaning and hygiene products. In order to decrease the risk of the illness and other threats during pandemic, companies across variety of industries and individuals were preferring hygiene products, which further fueled the demand for the 1,3-butanediol's in the global product market.
The global supply chain of 1,3-butanediol can be disrupted by factors such as including trade prohibitions, transportation difficulties or production halts caused by conflict. It can cause shortages in the market, which would affect manufacturers further down the supply chain who depend on the chemical.
Market dynamics may be impacted by the conflict's unpredictability and instability, which could result in shifting patterns of supply and demand. Players in the market might take a cautious stance, which would alter their future investments plans and product development. In order to reduce risks, companies could also search for different suppliers and supply chain avenues, which could eventually change the dynamics of the market.
The major global players in the market include KH Neochem, Godavari Biorefineries, Haihang, Genomatica, OQ Chemicals, Daicel Corporation, Merck KGaA, LobaChemie Pvt. Ltd., Tokyo Chemical Industry Co., Ltd. (TCI), Central Drug House and Otto Chemie Pvt. Ltd.
The global 1,3-butanediol (BDO) market report would provide approximately 61 tables, 55 figures and 194 Pages.
Target Audience 2024
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