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1, 4-Butanediol (BDO) Market (Application - Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Polyurethanes (PU), Gamma-butyrolactone (GBL), and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : October, 2017

  • Rep Id : CM0148

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on 1, 4-butanediol (BDO) market provides an in-depth analysis of segments and sub-segments in the global as well as regional 1, 4-butanediol market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional 1, 4-butanediol market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global 1, 4-butanediol (BDO) market. According to the report, the global 1, 4-butanediol market is projected to grow at a CAGR of 7.1% over the forecast period of 2019-2025.

 

Market Insight

As technology develops and new materials emerge in the market, the chemical industries are coming across higher demand for various chemicals including 1, 4-butanediol. 1, 4-butanediol which is also known as BDO is an organic chemical mainly used as a solvent. It is a synthetic thermoplastic the polymer which is used as a raw material for the production of tetrahydrofuran (THF), polytetramethylene ether glycol (PTMEG), polybutylene terephthalate (PBT), gamma-butyrolactone (GBL), polyurethane (PU), and other solvents. These chemicals are used for various applications such as medicines, cosmetics, artificial leather, pesticides, fibers, engineering plastics, plasticizers, hardener, solvent and rust remover, and others in several end-use industries. THF is the most prominent application of BDO which is used as industrial cleaner and glue remover in several end-use industries. While BDO is also used for the production of PTMEG, which is further used to derive spandex and acts as a raw material for producing natural gas odorants due to its wide liquid range. Growing end-use industries and strengthening economies are driving the demand for BDO and other chemicals derived from it. Moreover, the technological advancements in the manufacturing processes and development of innovative materials are further propelling the revenue of chemical industries.

 

The increase in the adoption of various applications of BDO derivatives in numerous end-use industries is the major driving factor for the 1, 4-butanediol market. Chemicals such as tetrahydrofuran (THF), and polytetramethylene ether glycol (PTMEG) are the widely recognized applications of BDO. THF is further processed to be used in industrial cleaners and glue removers, while PTMEG is used as a raw material for the production of spandex. Moreover, the growing demand for spandex in the textile industry is one of the key driving factors for the growth of the global 1, 4-butanediol market. BDO is the most important raw material in manufacturing spandex. Elasticity is achieved by adding spandex in the fabric. The spandex fibers are used in the clothes where elasticity is desired. For instance, it is used in undergarments, sportswear, and others. However, the high cost of production of BDO is the major restraining factor for the growth of 1, 4-butanediol market. The manufacturing process of BDO is a lengthy and power consuming process. The process includes fermentation, filtration, and polishing. All these processes make BOD production costly, which subsequently adds to the cost of BDO. Nevertheless, growing concerns regarding the environment and depletion of non-renewable resources are anticipated to boost the growth of the 1, 4-butanediol market in the future.

 

In terms of region, the global 1, 4-butanediol market was dominated by the Asia Pacific region. The highest revenue generated by the BOD market in the Asia Pacific was attributed to the large consumer base, growing end-use industries and improving economic conditions. Moreover, a number of multinational companies are establishing their production facilities in the emerging markets of the Asia Pacific region. The cheaper resources in countries such as India, Thailand, Vietnam, and Indonesia and others are attracting multinational companies to set up their production facilities. The 1, 4-butanediol market in the Asia Pacific is anticipated to grow with the fastest rate over the forecast period owing to government initiatives to support industrialization.

 

Segment Covered

The report on global 1, 4-butanediol market covers segments such as application. On the basis of application, the sub-markets include tetrahydrofuran (THF), polybutylene terephthalate (PBT), polyurethanes (PU), gamma-butyrolactone (GBL), and other applications.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Mitsubishi Chemical Corporation, Ashland Global Specialty Chemicals Inc., Bioamber Inc., Chemtura Corporation, Chongqing Jianfeng Industrial Group Co. Ltd., Genomatica, Inc., Invista S.A.R.L, SK Global Chemical Co., Ltd., Mitsui & Co., Ltd., and Shanxi Sanwei Group Co., Ltd.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of 1, 4-butanediol market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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