San Francisco, 5 April 2019: The Report 1,4 Butanediol (BDO) Market Analysis By Application (Tetrahydrofuran (THF),
Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethane
(PU)), By Region (North America, Europe, Asia Pacific, CSA, MEA), And Segment
Forecasts, 2018 - 2025
The global 1,4 butanediol (BDO) market is projected to reach USD 12.6 billion by 2025, according
to a new report by Grand View Research, Inc. Pioneers of bio-based technologies
such as Geomatica and BioAmber have paved the path for sustainable BDO
production from renewable feedstock, which has influenced consumption patterns
in recent years.
Companies are increasingly adopting good
manufacturing practices and integrating advanced production technologies to
comply with transitioning regulatory framework and consumer specifications.
Producers have shifted their focus towards sustainable production and boosted
the reliance on natural & renewable resources to eliminate wastage &
pollution.
Tetrahydrofuran (THF) was the dominant
application in 2015, occupying over 48% of the revenue share. THF is mostly
utilized to derive PTMEG, which is then further processed into spandex fibers
for sportswear, medical & automotive interiors. Transitioning consumer
lifestyles are encouraging the foray of spandex producers into new markets,
thereby leading to higher BDO consumption.
Access Research Report of 1,4 Butanediol
(BDO) Market @ http://www.grandviewresearch.com/industry-analysis/1-4-butanediol-market
Further key findings from the study suggest:
· Polyurethanes are expected to grow at a
high CAGR of 8.4% in terms of revenue from 2016 to 2025. Increasing consumption
of PU in foams, adhesives, and coatings to be a vital factor
· PBT also emerged as an important
application owing to the substitution of conventional metals in automotive
& electronics sectors, and the introduction of new generation PBT grades
· Development of bio-based feedstock has
influenced the production of derivatives such as PBT, with a shift towards
sustainable plastics formation to meet regulatory criteria
· Gamma-butyrolactone (GBL) expected to
account for 14% of the overall revenue by 2025, growing at 6.4% CAGR over the
forecast period. High demand for manufacturing pyrrolidones from GBL, which are
further utilized as industrial chemicals in several applications
· Asia Pacific emerged as the dominant
segment with over 63% volume share in 2015. Rising consumer disposable income,
expanding end-use industries and growing awareness regarding sustainable
resources expected to foster industry growth
· Manufacturers in developed countries across
North America & Europe are shifting production bases to emerging economies
to tap lucrative opportunities and cater to the domestic demand
· Influential companies in the industry
include The Dow Chemical Company, BASF SE, Invista, LyondellBasell Industries,
Mitsubishi Chemical Corporation, ExxonMobil Chemicals, International Specialty
Products, and BioAmber Inc.
· In February 2016, Mitsui invested
approximately USD 25 million in BioAmber for the production of bio-succinic
acid and BDO at 35,000 and 23,000 tons respectively
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/renewable-chemicals
Grand View Research has
segmented the 1,4 Butanediol (BDO) market on the basis of application &
region:
1,4 Butanediol (BDO) Application Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Tetrahydrofuran (THF)
·
Polybutylene Terephthalate (PBT)
·
Gamma-Butyrolactone (GBL)
·
Polyurethanes (PU)
·
Others
1,4 Butanediol (BDO) Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America (CSA)
·
Middle East & Africa (MEA)
Access Press Release of
1,4 Butanediol (BDO) Market@ https://www.grandviewresearch.com/press-release/global-1-4-butanediol-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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