Butanediol Market Size, Share to Grow at a CAGR of 4.38% by 2030 | ChemAnalyst

Posted January 31, 2023 by chemanalystreports

The Butanediol market is expected to reach approximately 4700 thousand tonnes in 2030 at an expected CAGR of 4.38% in the forecast period.
According to ChemAnalyst report, “Global Butanediol Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030”, The Butanediol market is expected to reach approximately 4700 thousand tonnes in 2030 at an expected CAGR of 4.38% in the forecast period.
Butanediol (BDO or 1.4 Butanediol) is a straight-chain glycol with hydroxyl groups on both ends. It is a colourless, thick, and water-soluble organic chemical that acts as a precursor to numerous derivatives such as esters, carbamates, polyesters, and urethanes. Butanediol is produced by various methods such as reppe method, Maleic Anhydride method, Butadiene-Acetic Acid method, Propylene oxide method, etc. Although, the reppe process is the most used method across the industries to produce Butanediol in which involves a reaction between Formaldehyde and Acetylene is followed by hydrogenation. Apart from conventional production methods, a newly emerged and eco-friendly “Bio-Route technology” is growing rapidly for the production of BDO, in which plant-based feedstocks (sugar & succinic acid) are utilized instead of petroleum-based feedstocks. Butanediol is primarily used as a preliminary material for the production of polyurethane resins and several industrial chemicals like Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Polybutylene Adipate Terephthalate (PBAT), Polyurethanes (PU), Polyvinyl Pyrrolidone (PVP), Gamma Butyrolactone (GBL), etc.

Read Full Report Here: https://www.chemanalyst.com/industry-report/butanediol-market-657

Polybutylene terephthalate (PBT) is extensively used in the automotive and electronics industries as an engineering plastic. Polyurethane is a multipurpose polymer with applications in a wide array of industries such as electricals and electronics, building and construction, automotive etc. due to its superior properties. Gamma-butyrolactone (GBL) is highly used in industries as a solvent, an intermediate or in the formulations of some drugs. Similarly, other derivatives of Butadiene such as Polybutylene adipate terephthalate (PBAT) and Polyvinyl pyrrolidone are used in several end use industries.

The Butanediol market is segregated based on end-use, sales channel, and region. Based on demand by region, Asia Pacific is dominating the market for the consumption of 65% of Butanediol in 2022 and is anticipated to maintain this position till 2030. Asia Pacific has the highest capacity of producing Butanediol with China holding more than 60% of the regional capacity.

Based on the end-use, the global Butanediol market is divided into Tetrahydrofuran (THF), Gamma butyrolactone (GBL), PBT (Polybutylene terephthalate), PBAT, and Others. As of 2022, majority of the Butanediol is being consumed by the Tetrahydrofuran (THF) with a market share of about 41%. THF is used to synthesize Polytetramethylene Ether Glycol (PTMEG), a key feedstock used to produce spandex fibers, polyesters, polyethers & urethane elastomers.

“Global Butanediol Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030”, the significant players functional in the Global Butanediol are BASF SE, Dairen Chemical Corporation, Chang Chun Dairen (PanJin) Chemical Co., LTD, Bluestar New Chemical Materials Co, Ltd, Henan Kaixiang Fine Chemical Co., LTD, Gulf Advanced Chemical Industries Co. Ltd (GACIC), Ashland Global Holdings Inc. Chongqing Chiyuan Chemical Co., LTD., and others.

Read Full Report Here: https://www.chemanalyst.com/industry-report/butanediol-market-657

“Butanediol is a chemical used in the production of plastics, fibers, polymers, and solvents, which are further employed in numerous industrial applications. The growing demand for Tetrahydrofuran, a derivative of butanediol, for producing lightweight automobile parts and electronics products is expected to drive the demand for Butanediol in the upcoming years. Similarly, rising demand for Spandex fiber that is commonly used in swimwear, sportswear, hosiery, gloves, etc. is also expected to impel the demand for Butanediol through the forecast years. Moreover, the changing consumer’s preferences to use eco-friendly products to reduce the carbon footprint due to the increasing environmental concern would also offer opportunities for manufacturers to expand their capacities for the production of biobased Butanediol which is anticipated to drive the market for Butanediol through the forecast period.” “said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

About Us:

ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

Manvi Goyal

B-44 Sector-57 Noida,

National Capital Region

Tel: 0120-4523990

Mob: +91-8882805349

Email: [email protected]

Website: https://www.chemanalyst.com/
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By ChemAnalyst
Phone 3322586602
Business Address 420 Lexington Avenue, Suite 300, New York, NY, United States, 10170
Country United States
Categories Business
Tags butanediol market
Last Updated January 31, 2023