Global 1,4-Butanediol Market Growth And Forecast 2026
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The “Global 1,4 – Butanediol Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026” research study offered on Decisiondatabases.com provides a stance of the growth trends, market drivers, opportunities and restraints of the global 1,4 - Butanediol market. The report expects the global 1,4 - Butanediol market to have a CAGR of 8% within the forecasted period from 2020-2026.
1,4 – Butanediol (BDO) is a liquid organic compound which is nearly odorless, viscous and colorless by nature. 1,4 – Butanediol is a solvent that is used for the production of plastics, elastic fibers and polyurethanes. It is also used as a solvent in industrial cleaners and glue removers. 1,4 – Butanediol is manufactured mostly by a process called the Reppe process which involves the reaction of acetylene with formaldehyde. Alternatively, it is also manufactured by a process called the Davy process with maleic anhydride being used as a raw material.
Companies have begun adopting good manufacturing practices and integrating advanced production technologies to comply with transitioning regulatory framework and consumer specifications. The focus of the producers has shifted towards sustainable production and boosted the reliance on natural & renewable resources to eliminate wastage & pollution. Moreover, the increase in sports activities and consumer awareness regarding fitness and healthy lifestyles is expected to drive market growth over the forecasted period.
By application, tetrahydrofuran (THF), polybutylene terephthalate (PBT), gamma-butyrolactone (GBL) and polyurethane are the segments of the global 1,4 – Butanediol market where tetrahydrofuran is the segment that occupies the largest application-wise portion of the market. In addition to this, gamma-butyrolactone (GBL) is synthesized by using this organic compound.
North America, Asia Pacific, Europe, Latin America and Middle East & Africa are the geographical segments of the global 1,4 – Butanediol market. Asia Pacific accounts for around half of the total volume consumption of the global 1,4 – Butanediol (BDO) market. Asia Pacific has been observed as the fastest growing market for the forecasted period followed by Europe and North America respectively.
The key players of the global 1,4 – Butanediol market have been profiled in the study as BioAmber, BASF, Dairen Chemicals, Lyondell Chemicals, ExxonMobil Chemicals, Fushun Petrochemical, International Specialty Products, INVISTA, Mitsubishi Chemicals, Sasol Solvents, Shell Chemicals, SK Energy, Idemitsu Kosan, Tasco Chemical, The Dow Chemical Company and Shanxi Sanwei Group among others. It also encompasses information on each key player’s headquarters, stock listing, upcoming capacities, key mergers & acquisitions, financial overview and recent product launches & developments thus providing a comprehensive idea about the competitive landscape of the market.
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