The global 1,4 butanediol (BDO) market is projected to reach USD 12.6
billion by 2025, according to a new report by Grand View Research, Inc.
Pioneers of bio-based technologies such as Geomatica and BioAmber have paved
the path for sustainable BDO production from renewable feedstock, which has
influenced consumption patterns in recent years.
Companies are increasingly adopting good manufacturing practices and
integrating advanced production technologies to comply with transitioning
regulatory framework and consumer specifications. Producers have shifted their
focus towards sustainable production and boosted the reliance on natural &
renewable resources to eliminate wastage & pollution.
Tetrahydrofuran (THF) was the dominant application in 2015, occupying
over 48% of the revenue share. THF is mostly utilized to derive PTMEG, which is
then further processed into spandex fibers for sportswear, medical &
automotive interiors. Transitioning consumer lifestyles are encouraging the
foray of spandex producers into new markets, thereby leading to higher BDO
consumption.
Full Research Report On 1,4 butanediol (BDO)
market Analysis:
http://www.grandviewresearch.com/industry-analysis/1-4-butanediol-market
http://www.grandviewresearch.com/industry-analysis/1-4-butanediol-market
Further key findings from the study suggest:
·
Polyurethanes are expected to grow at a
high CAGR of 8.4% in terms of revenue from 2016 to 2025. Increasing consumption
of PU in foams, adhesives, and coatings to be a vital factor
·
PBT also emerged as an important
application owing to the substitution of conventional metals in automotive
& electronics sectors, and the introduction of new generation PBT grades
·
Development of bio-based feedstock has
influenced the production of derivatives such as PBT, with a shift towards
sustainable plastics formation to meet regulatory criteria
·
Gamma-butyrolactone (GBL) expected to
account for 14% of the overall revenue by 2025, growing at 6.4% CAGR over the
forecast period. High demand for manufacturing pyrrolidones from GBL, which are
further utilized as industrial chemicals in several applications
·
Asia Pacific emerged as the dominant
segment with over 63% volume share in 2015. Rising consumer disposable income,
expanding end-use industries and growing awareness regarding sustainable
resources expected to foster industry growth
·
Manufacturers in developed countries across
North America & Europe are shifting production bases to emerging economies
to tap lucrative opportunities and cater to the domestic demand
·
Influential companies in the industry
include The Dow Chemical Company, BASF SE, Invista, LyondellBasell Industries,
Mitsubishi Chemical Corporation, ExxonMobil Chemicals, International Specialty
Products, and BioAmber Inc.
·
In February 2016, Mitsui invested
approximately USD 25 million in BioAmber for the production of bio-succinic
acid and BDO at 35,000 and 23,000 tons respectively
View More Reports
Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/renewable-chemicals
Grand View Research has segmented the 1,4 Butanediol (BDO) market on the
basis of application & region:
1,4 Butanediol
(BDO) Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 -
2025)
·
Tetrahydrofuran (THF)
·
Polybutylene Terephthalate (PBT)
·
Gamma-Butyrolactone (GBL)
·
Polyurethanes (PU)
·
Others
1,4 Butanediol
(BDO) Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
·
Europe
o Germany
o UK
o France
·
Asia Pacific
o China
o India
o Japan
·
Central & South America (CSA)
o Brazil
·
Middle East & Africa (MEA)
o Saudi Arabia
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Report By Grand View Research:
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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