1,4-Butanediol, mostly known as BD, is an organic compound as well as a primary alcohol with the formula HOCH2CH2CH2CH2OH. 1,4-Butanediol is basically a colorless viscous liquid which is one of the four stable isomers of butanediol. It acts as an important intermediate chemical for tetrahydrofuran and polytetramethylene, polybutylene terephthalate (PBT), ether glycol (PTMEG), polyurethane (PU), gamma-butyrolactone (GBL), and other solvents. These chemicals are mostly used in engineering plastics, fibers, cosmetics, medicines, pesticides, plasticizer, artificial leather, solvent, hardener, and rust remover.
MARKET DYNAMICS
The increase in the use of BDO derivatives in various industrial processes, as well as the increase in the demand for spandex in textiles, is going to drive the BDO market. Tetrahydrofuran (THF), which is one of the major derivatives of BDO, is used in various applications like in the production of polytetramethylether glycols (PTMEG). The growing awareness about the processing as well the utility benefit of BDO and its derivatives is going to drive the market.
MARKET SCOPE
The "Global 1,4-Butanediol Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the 1,4-Butanediol market with detailed market segmentation by technology, application and geography. The global 1,4-Butanediol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading 1,4-Butanediol market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global 1,4-Butanediol Market is segmented on the basis of technology, and application. On the basis of technology, the market is segmented into reppe process, butadiene process, propylene oxide process and others. On the basis of application, the market is segmented into Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethane (PU) and Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global 1,4-Butanediol market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The 1,4-Butanediol market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the 1,4-Butanediol market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the 1,4-Butanediol market in these regions.
MARKET PLAYERS
The reports cover key developments in the 1,4-Butanediol market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from 1,4-Butanediol market are anticipated to lucrative growth opportunities in the future with the rising demand for 1,4-Butanediol in the global market. Below mentioned is the list of few companies engaged in the 1,4-Butanediol market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the 1,4-Butanediol market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BioAmber Inc.
- BASF SE
- Mitsubishi Chemical Corporation.
- INVISTA
- LyondellBasell Industries Holdings B.V.
- Shanxi Sanwei Group Co.,
- Dairen Chemical Corporation
- Sipchem
- Ashland
- KH Chemicals
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