Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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.
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.
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.
Please Choose One of them.