Market Overview:
The global 12BG (1,2-butanediol) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for 12BG from various applications such as medical, chemical, textile, papermaking and automotive. Additionally, the growing demand for bio-based products is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period.
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Product Definition:
12BG (1,2-butanediol) is a colorless liquid with a mild, sweet odor. It is miscible with water and most organic solvents. 12BG is used as a solvent and in the manufacture of plastics, textiles, adhesives, and other industrial products.
>80%:
The global 12-Bromo-2,3-Guanidino Diol (12BBD) market size was valued at USD 4.0 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period. It is used as an intermediate for manufacturing Polyurethane (PU), which finds application in construction, automotive & transportation industries owing to its high abrasion resistance and low density properties.
>90%:
90% is a solution of 1,2-butanediol (BDO) in water. It is used as a solvent for manufacturing plasticizers and as an intermediate for the production of polymers. The high solubility in organic solvents makes it suitable to be used as an industrial solvent.
It has been reported that BDO has toxic effects on human beings when consumed orally or through inhalation route; thus, its handling.
Application Insights:
The global 12BG market is segmented by application into papermaking, textile, chemical, automotive and medicinal. Papermaking was the largest application segment in 2017 and accounted for over 50% of the overall revenue share. The product is widely used as a fiber former in the pulp industry owing to its superior water-binding properties. It also finds applications as an ingredient in various paper coatings & laminates due to its anti-microbial & anti-static properties that help prevent dust particles from settling on papers or fabrics during storage or transportation.
12B grade (1,2 butanediol) has high potential as a solvent for paints & coatings due to low volatility and toxicity which makes it suitable for use across all temperature ranges of paint preparation activities including cold preparations (below 40°C), warm preparations (40°C - 140°C) and hot preparations (above 140°F).
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a share of over 45%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing product demand from end-use industries, such as papermaking, textile, automotive and chemical. In addition, growing population coupled with rising disposable income will boost product consumption in personal care products such as cosmetics and shampoos.
The Asia Pacific 12BG market is anticipated to grow at a significant rate during the forecast period owing to rapid industrialization along with supportive government policies aimed at promoting foreign direct investments in emerging economies of India and China. These factors are likely to create ample growth opportunities for global 12BG manufacturers operating within Asia Pacific region during the projected time frame.
Europe emerged as one of the major consumers of global 1,2-BDiol Market due high production volume along with presence major application segments across countries including Germany Italy Spain Ucraina Russia France etc.
Growth Factors:
- Increasing demand from end-use industries such as cosmetics, pharmaceuticals, and textiles
- Growing awareness about the benefits of 12BG among consumers
- Rising investment by key players in R&D to develop new applications for 12BG
- Expansion of production capacities by key manufacturers to meet the growing demand for 12BG
- Growing popularity of bio-based products over conventional petrochemical-based products
Scope Of The Report
Report Attributes
Report Details
Report Title
12BG (1,2-butanediol) Market Research Report
By Type
>80%, >90%, Others
By Application
MedicAL, Chemical, Textile, Papermaking, Automotive
By Companies
Oxea, Korea PTG, Kowa Chemical, Mitsubishi Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global 12BG (1,2-butanediol) Market Report Segments:
The global 12BG (1,2-butanediol) market is segmented on the basis of:
Types
>80%, >90%, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
MedicAL, Chemical, Textile, Papermaking, Automotive
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Oxea
- Korea PTG
- Kowa Chemical
- Mitsubishi Chemical
 Market Overview.svg)
Highlights of The 12BG (1,2-butanediol) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- >80%
- >90%
- Others
- By Application:
- MedicAL
- Chemical
- Textile
- Papermaking
- Automotive
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the 12BG (1,2-butanediol) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
12BG is a type of butanediol. It is a clear, colorless liquid with a sweet, fruity odor. 12BG is used in food and beverage products as an artificial sweetener.
Some of the major companies in the 12bg (1,2-butanediol) market are Oxea, Korea PTG, Kowa Chemical, Mitsubishi Chemical.
The 12bg (1,2-butanediol) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 12BG (1,2-butanediol) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 12BG (1,2-butanediol) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 12BG (1,2-butanediol) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the 12BG (1,2-butanediol) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global 12BG (1,2-butanediol) Market Size & Forecast, 2020-2028
4.5.1 12BG (1,2-butanediol) Market Size and Y-o-Y Growth
4.5.2 12BG (1,2-butanediol) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 >80%
5.2.2 >90%
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 MedicAL
6.2.2 Chemical
6.2.3 Textile
6.2.4 Papermaking
6.2.5 Automotive
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 12BG (1,2-butanediol) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 12BG (1,2-butanediol) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 >80%
9.6.2 >90%
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 MedicAL
9.10.2 Chemical
9.10.3 Textile
9.10.4 Papermaking
9.10.5 Automotive
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 >80%
10.6.2 >90%
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 MedicAL
10.10.2 Chemical
10.10.3 Textile
10.10.4 Papermaking
10.10.5 Automotive
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 >80%
11.6.2 >90%
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 MedicAL
11.10.2 Chemical
11.10.3 Textile
11.10.4 Papermaking
11.10.5 Automotive
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 >80%
12.6.2 >90%
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 MedicAL
12.10.2 Chemical
12.10.3 Textile
12.10.4 Papermaking
12.10.5 Automotive
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 >80%
13.6.2 >90%
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 MedicAL
13.10.2 Chemical
13.10.3 Textile
13.10.4 Papermaking
13.10.5 Automotive
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 12BG (1,2-butanediol) Market: Competitive Dashboard
14.2 Global 12BG (1,2-butanediol) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Oxea
14.3.2 Korea PTG
14.3.3 Kowa Chemical
14.3.4 Mitsubishi Chemical
