Philippines 1,3-butylene Glycol Market (2024-2030) | Revenue, Size, Forecast, Companies, Outlook, Industry, Value, Analysis, Growth, Trends & Share

Philippines Adhesive Resin Market Highlights

Report Name	Philippines Adhesive Resin Market
Forecast period	2024-2030
Growing Sector	Chemical
CAGR	5.8%

Topics Covered in the Philippines 1,3-Butylene Glycol Market

Philippines 1,3-Butylene Glycol Market report thoroughly covers the market by product, function, and application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Philippines 1,3-Butylene Glycol Market Synopsis

Philippines 1,3-Butylene Glycol Market has been on a positive trend over the years. This organic compound is widely used in personal care products, cleaning agents, and industrial applications. As such, the country has become a vital player in the Asian 1,3-butylene Glycol market. Moreover, a key trend shaping the 1,3-Butylene Glycol market in the Philippines is the increasing consumer preference for natural and organic cosmetic products. This shift is compelling manufacturers to explore bio-based alternatives for 1,3-Butylene Glycol, which is traditionally derived from petroleum. Furthermore, advancements in biotechnology are enabling the production of this compound from sustainable sources, such as sugar cane or corn, aligning with the global movement towards environmentally friendly and sustainable manufacturing practices. Another notable trend is the focus on innovative formulations that enhance the efficacy and stability of cosmetic products, which is expected to drive the demand for high-quality 1,3-Butylene Glycol in the coming years.

According to 6Wresearch, the Philippines 1,3-Butylene Glycol Market size is expected to grow rapidly at a CAGR of 5.8% during the forecast period of 2024-2030. One of the primary drivers for the growth of the 1,3-butylene Glycol market in the Philippines is the increasing demand for personal care products. The compound is used as a humectant in cosmetic formulations, helping to retain moisture on the skin. Another driver for the Philippines 1,3-Butylene Glycol Industry is the robust demand for industrial applications. 1,3-Butylene Glycol is used as a solvent in many industrial processes, including textiles, paints, and coatings manufacturing.

Despite the growth prospects for the 1,3-butylene Glycol market, there are also challenges such as volatile prices of raw materials, such as butane and propylene oxide. The fluctuations in the prices impact the production cost of 1,3-Butylene Glycol, limiting manufacturers' capability to adjust pricing effectively. Also, there is stiff competition in the market, which can potentially hinder growth. The market players are continuously exploring ways to improve their product offerings. Despite the challenges, several trends provide opportunities for players in the Philippines 1,3-Butylene Glycol market. The trend towards organic and natural skincare, for example, presents opportunities for manufacturers to innovate and develop products that cater to the growing demand for cleaner ingredients. 

Government policies and schemes introduced in the Philippines 1,3-Butylene Glycol Market 

The Philippines government has been actively developing the chemical industry. Further, the government introduced policies and schemes to support its growth and overall development. The government implemented the Tax Reform for Acceleration and Inclusion (TRAIN) Law, which gave incentives to manufacturers that produce chemical products in the country. Apart from this, the Programs of the Department of Trade and Industry (DTI) aims to promote the growth of micro, small, and medium enterprises (MSMEs) and the Export Development Council (EDC), which encourages Philippine Exporters to participate in international trade fairs to promote their products for export. These schemes aim to enhance the production and export of locally made chemicals, including 1,3-butylene Glycol, which will attract foreign direct investment and increase job opportunities for Filipinos.

Key players in the Philippines 1,3-Butylene Glycol Market

The Philippines 1,3-Butylene Glycol market has several key players contributing to its growth. Mitsui Chemicals operates in the field of petrochemicals. The company has been providing high-quality products globally, which includes the Philippines as one of its key markets. Another prominent player is MGC Pure Chemicals, which has been a significant supplier of high-quality 1,3-butylene Glycol to customers across the world. Additionally, among the key players in the Philippines 1,3-Butylene Glycol market are several local and international companies that have capitalized on the growing demand. These companies are actively engaged in research and development activities to produce more sustainable and efficient versions of 1,3-Butylene Glycol. They are also exploring innovative applications of this compound in various industries to broaden their market reach. Partnerships with cosmetics and personal care product manufacturers are common, as these entities work together to meet consumer demand for high-quality, sustainable products. The competitive landscape is expected to intensify as more players enter the market and existing companies expand their product lineups to include bio-based and environmentally friendly alternatives.

Future Insights of the Philippines 1,3-Butylene Glycol Market

The 1,3-butylene Glycol market in the Philippines is anticipated to grow remarkably in the coming years. The growing demand for cosmetics and personal care products in the country is expected to boost the Philippine's 1,3-butylene Glycol Market Growth. The utilization of 1,3-butylene Glycol in the production of moisturizing agents, humectants, and emollients in the cosmetic industry further encourages the growth of this market in the Philippines. Moreover, the Philippines'

proximity to emerging economies makes it an attractive hub for international trade in chemicals, including 1,3-butylene Glycol.

Market by Product

According to Rohit, Senior Research Analyst, 6Wresearch, the industrial grade segment accounted for the largest share of the Philippines 1,3-BG market, while the pharmaceutical grade segment is further gaining traction over the forecast period

Market by Application

Based on Application, the cosmetic & personal care segment dominated the Philippines 1,3-Butylene Glycol Market Share, with skincare being the largest sub-segment, followed by hair care.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Philippines 1,3-butylene Glycol Market Outlook
• Market Size of Philippines 1,3-butylene Glycol Market, 2023
• Forecast of Philippines 1,3-butylene Glycol Market, 2030
• Historical Data and Forecast of Philippines 1,3-butylene Glycol Revenues & Volume for the Period 2020 - 2030
• Philippines 1,3-butylene Glycol Market Trend Evolution
• Philippines 1,3-butylene Glycol Market Drivers and Challenges
• Philippines 1,3-butylene Glycol Price Trends
• Philippines 1,3-butylene Glycol Porter's Five Forces
• Philippines 1,3-butylene Glycol Industry Life Cycle
• Historical Data and Forecast of Philippines 1,3-butylene Glycol Market Revenues & Volume By Product for the Period 2020 - 2030
• Historical Data and Forecast of Philippines 1,3-butylene Glycol Market Revenues & Volume By Pharmaceutical Grade for the Period 2020 - 2030
• Historical Data and Forecast of Philippines 1,3-butylene Glycol Market Revenues & Volume By Industrial Grade for the Period 2020 - 2030
• Historical Data and Forecast of Philippines 1,3-butylene Glycol Market Revenues & Volume By Function for the Period 2020 - 2030
• Historical Data and Forecast of Philippines 1,3-butylene Glycol Market Revenues & Volume By Humectant for the Period 2020 - 2030
• Historical Data and Forecast of Philippines 1,3-butylene Glycol Market Revenues & Volume By Emollient for the Period 2020 - 2030
• Historical Data and Forecast of Philippines 1,3-butylene Glycol Market Revenues & Volume By Stabilizer for the Period 2020 - 2030
• Historical Data and Forecast of Philippines 1,3-butylene Glycol Market Revenues & Volume By Intermediate for the Period 2020 - 2030
• Historical Data and Forecast of Philippines 1,3-butylene Glycol Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of Philippines 1,3-butylene Glycol Market Revenues & Volume By Cosmetic & Personal Care Products for the Period 2020 - 2030
• Historical Data and Forecast of Philippines 1,3-butylene Glycol Market Revenues & Volume By Food Products for the Period 2020 - 2030
• Philippines 1,3-butylene Glycol Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Function
• Market Opportunity Assessment By Application
• Philippines 1,3-butylene Glycol Top Companies Market Share
• Philippines 1,3-butylene Glycol Competitive Benchmarking By Technical and Operational Parameters
• Philippines 1,3-butylene Glycol Company Profiles
• Philippines 1,3-butylene Glycol Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product

• Pharmaceutical Grade
• Industrial Grade

By Function

• Humectant
• Emollient
• Stabilizer
• Intermediate

By Application

• Cosmetic & Personal Care Products
• Food Product

Philippines 1,3-Butylene Glycol Market (2024-2030): FAQs