1,4-Butanediol is used industrially as a solvent and in the manufacture of some types of plastics, elastic fibers and polyurethanes. 2,3-Butanediol is a chemical compound with the molecular formula C4H10O2. It has three stereoisomers, all of which are colorless, viscous liquids. It occurs naturally upon the fermentation of sugarcane molasses. Applications include precursors to various plastics and pesticides.
In application, 1,4 Butanediol downstream is wide and recently 1,4 Butanediol has acquired increasing significance in various fields of THF, PBT, GBL, PU and others. Globally, the 1,4 Butanediol market is mainly driven by growing demand for THF which accounts for 52.38% global downstream consumption of 1,4 Butanediol in 2017.
Automotive Segment Dominates the 1, 4 Butanediol Market. 1, 4 butanediol is heavily required in the production of PBT, which is then used in automotive production. There has been a significant growth in the automotive production globally, which has led to an increased demand for PBT. This has ultimately increased the demand for and consumption of butanediol in the automotive sector. Additionally, the rising demand for light weight and electric vehicles is expected to further augment the growth of the 1, 4 butanediol market during the forecast period.
Asia-Pacific is the Most Dominating Region. In terms of consumption in 2017, Asia-Pacific held the largest share. This is majorly owing to the rapid growth of spandex and PBT production in China. Additionally, the demand for PBT has been on the rise from other economies, which include India and ASEAN countries, owing to increasing usage in the automotive and pharmaceutical industries. This is expected to drive the demand for PBT over the next few years in Asia-Pacific, which in turn shall benefit the market for 1,4 butanediol during the forecast period.
The global 1, 4 Butanediol market was valued at 5690 million US$ in 2018 and will reach 10300 million US$ by the end of 2025, growing at a CAGR of 7.7% during 2019-2025.
This report focuses on 1, 4 Butanediol volume and value at global level, regional level and company level. From a global perspective, this report represents overall 1, 4 Butanediol market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of 1, 4 Butanediol in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their 1, 4 Butanediol manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
BASF
Dairen Chemical
Lyondellbasell
Ashland
Nanya Plastics Corporation
Mitsubishi Chemical Corporation
INVISTA
MarkorChem
Xinjiang Tianye
Changcheng Energy
Shanxi Sanwei Group
Shanxi BidiOu
Sichuan Tianhua
Henan Kaixiang Fine Chemical
HNEC
TunHe
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Reppe process
Davy process
Butadiene process
Propylene oxide process
Segment by Application
Tetrahydrofuran (THF)
Polybutylene Terephthalate (PBT)
Gamma-Butyrolactone (GBL)
Polyurethanes (PU)
Others
Summary:
Get latest Market Research Reports on 1, 4 Butanediol. Industry analysis & Market Report on 1, 4 Butanediol is a syndicated market report, published as Global 1, 4 Butanediol Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of 1, 4 Butanediol market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.