市场调查报告书
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全球 1,3-丁二醇 (BDO) 市场 - 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)市场达到1.882亿美元,预计2031年将达到2.517亿美元,2024-2031年预测期间复合CAGR为3.7%。
在全球范围内,各种最终用途行业需求的快速增长以及对永续性的日益重视推动了 1,3-丁二醇产品市场的发展。一项研究显示 Geno 的功能性生酮成分 Avela (R)。 1,3-丁二醇可有效增加 β-羟基丁酸 (BHB),这与提高思维清晰度和耐力有关。作为一种有效的生酮原料成分,1,3-丁二醇为食品和饮料製造商提供了一种创新方法来满足消费者对营养酮症的需求。它也有可能部分颠覆功能性食品和饮料产业。
中国是1,3-丁二醇的主要生产国之一,占据亚太市场相当大的份额。该国拥有强大的 BDO 製造产能和基础设施,这得益于强大的化学产业和有利的监管环境。因此,中国占据了该地区市场的大部分市场份额。
动力学
越来越多采用生物基丁二醇
使用生物基 1,3-丁二醇的公司可能会透过强调其永续资格来使其产品在市场上脱颖而出。提供生物基替代品也有助于提高品牌声誉和竞争力,特别是在永续发展是主要购买考量的领域。随着客户偏好向道德和生态负责的产品发展,公司可以透过遵循这些趋势来获得相对于竞争对手的优势。
透过使用农业废弃物和生物质作为原料,生物基化学品为循环经济的发展做出了重大贡献。生物炼油厂透过将有机废弃物转化为生物衍生的 1,3-丁二醇等有用的化合物,有助于减少废弃物、提高资源效率并可持续地管理资源。这种循环方法推动了生物基化学品的采用,这符合永续发展标准。
对永续美容产品的需求不断增长
1,3-丁二醇用作多种个人护理产品的成分,包括护肤品、护髮品和牙科护理品。它具有多种作用,包括保湿、增溶和黏度调节。随着人们对个人美容和护肤程序的了解增加,对含有 1,3-丁二醇的产品的需求不断增加。
化妆品行业对环保和永续美容产品的需求不断增长,这为致力于这一领域的公司带来了巨大的成长前景。消费者越来越多地寻找符合其道德和生态价值观的产品,这为将永续发展放在首位的公司打开了市场。此外,生物基丁二醇可用于化妆品配方,进而推动全球 1,3-丁二醇市场的发展。
替代产品的竞争
市场上的多种替代产品可能会导致消费者和生产者的选择变得更加多样化和分散。多元化可能会稀释1,3-丁二醇的市场份额,使其更难占据行业领先地位。各种替代产品的出现进一步阻碍了1,3-丁二醇市场的成长,加剧了竞争并给成本带来了压力。
例如,品质与 1,3-丁二醇相同或更好的生物基或环保替代品的出现可能对其市场主导地位构成严重的竞争威胁,特别是在可持续发展为重中之重的行业。
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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