Why will Demand for Pharmaceutical Grade 1,3-Butylene Glycol Surge in Coming Years?


Posted August 14, 2020 by ManishBaghel

The market is predicted to increase from $139,994.9 thousand to $227,057.5 thousand from 2019 to 2030. Further, the market is predicted to advance at a CAGR of 5.0% between 2020 and 2030.
 
The increasing demand for cosmetics is a major factor responsible for the mushrooming requirement for 1,3-butylene glycol across the world. This is because 1,3-butylene glycol is extensively used as a humectant in various cosmetics products, on account of its ability to act as a viscosity-decreasing material. In addition to this, this compound stabilizes the numerous volatile compounds present in cosmetics such as flavors and fragrances by fixing them in different cosmetic formulations. Moreover, it enhances the aroma retention ability of the product and protects the product from spoilage caused because of cosmetic formulations by various microorganisms.


Besides the above-mentioned benefits, the compound also has a very high distribution coefficient, which causes higher efficacy of the different preservatives mixed in the cosmetic formulations, which, in turn, makes it possible for the cosmetics producers to reduce the dosage of the preservatives in the various cosmetics products. The rising geriatric population, surging investments, and the soaring disposable income of the people in several countries are massively boosting the sales of cosmetics products, which is, in turn, driving the advancement of the beauty and personal care industry.


Get a sample copy of this report:
https://www.psmarketresearch.com/market-analysis/1-3-bg-market/report-sample

As 1,3-butylene glycol is extensively used in the beauty and personal care products, the mushrooming sales of these products are propelling the progress of the global 1,3-butylene glycol market. As a result, the value of the market is predicted to increase from $139,994.9 thousand to $227,057.5 thousand from 2019 to 2030. Further, the market is predicted to advance at a CAGR of 5.0% between 2020 and 2030. Apart from being widely used in the cosmetics and personal care products, 1,3-butylene glycol is also heavily used in various food items all over the world.


Geographically, APAC is expected to demonstrate the fastest growth during the forecast period. Countries such as India and China are creating huge opportunities for the growth of the 1,3-butylene glycol market, on account of the increasing investments in the healthcare sector, along with the rising disposable income. Additionally, the regional market holds immense potential for growth, on account of the increasing demand for cosmetics and personal care products.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Manish Kumar
Business Address Noida
Country India
Categories Business , Marketing , Research
Tags 1 , 3butylene glycol market , 3butylene glycol market demand , 3butylene glycol market future , 3butylene glycol market growth , 3butylene glycol market scope , 3butylene glycol market share , 3butylene glycol market size , 3butylene glycol market trends
Last Updated August 14, 2020