January 10, 2023 04:13 ET | Source: Research and Markets Research and Markets
Dublin, Jan. 10, 2023 (GLOBE NEWSWIRE) -- The "1,4-Butanediol Market by Type (Synthetic and Bio-based), Application (Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma Butyrolactone (GBL), Polyurethane (PU)), and Region (APAC, North America, Europe, RoW) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. Benzene To Aniline
The global 1,4-Butanediol market size is estimated to be USD 7.3 billion in 2022 and is projected to reach USD 11.0 billion by 2027, at a CAGR of 8.5%.
The growing awareness regarding recyclable products, and their benefits related to the environment is one the primary factors driving the market growth. Moreover, factors like growing demand from the automotive industry, and high demand from the textile sector are also contributing toward the market growth of 1,4-Butanediol.
THF is estimated to lead the 1,4-Butanediol market, by application in terms of value during the forecast period.
By application, THF is estimated to be the largest segment in the BDO market in 2021. Tetrahydrofuran (THF) is broadly used as an intermediate raw material or as a solvent in applications, that include, PTMEG, PVC, pharmaceuticals, magnetic tapes, adhesives, paints and coatings, amongst others. It is largely used in the textile industry. With the increasing demand for special-purpose textiles from all over the world, the demand for Tetrahydrofuran (THF) is expected to rise during the forecast period. This, in turn, is propelling the market growth for BDO.
Bio-based BDO is estimated to be the fastest-growing segment in the BDO market, by type.
By type, bio-based BDO is estimated to be the fastest growing segment of the 1,4-Butanediol market during the forecast period. The usage of bio-based BDO is getting higher due to environmental regulations. The rising government regulations regarding the ban on conventional plastics and global warming initiatives are expected to drive the demand for bio-based 1,4-Butanediol across the world.
Asia Pacific is projected to be the largest market for 1,4-Butanediol during the forecast period, in terms of value.
Asia Pacific is projected to be the largest market for BDO during the forecast period. The usage of BDO is increasing extensively in the automotive industry. With the growing utilization of BDO, particularly in electric vehicle developments, most of the players are expanding their production capacities of 1,4-Butanediol. This is considered a major driving factor for the BDO market.
4 Premium Insights 4.1 Significant Opportunities for Players in 1,4-Butanediol (BDO) Market 4.2 1,4-Butanediol (BDO) Market, by Region 4.3 1,4-Butanediol (BDO) Market, by Type 4.4 1,4-Butanediol (BDO) Market, by Application 4.5 1,4-Butanediol (BDO) Market, by Major Countries
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 188.8.131.52 Growth of Thf Industry 184.108.40.206 Growth of Pu Industry 5.2.2 Restraints 220.127.116.11 Health Concerns Associated with BDO 18.104.22.168 Shutdown of BDO Production Plants 5.2.3 Opportunities 22.214.171.124 Increasing Production of Bio-Based BDO 5.2.4 Challenges 126.96.36.199 Fluctuation in Raw Material Prices 5.3 Value Chain Analysis 5.4 Ecosystem 5.5 Porter's Five Forces Analysis 5.6 Pricing Analysis 5.7 Patent Analysis 5.7.1 Insights 5.7.2 Jurisdiction Analysis 5.7.3 Top Companies/Applicants 5.8 Policies and Regulations 5.9 Key Stakeholders & Buying Criteria 5.9.1 Key Stakeholders in Buying Process 5.9.2 Buying Criteria 5.10 Case Study Analysis 5.10.1 Bio-Based BDO 188.8.131.52 Problem Statement 184.108.40.206 Possible Solution by Genomatica's Geno BDO Process 5.11 Key Conferences & Events in 2022-2023 5.12 Trade Data
6 Manufacturing Process 6.1 Introduction 6.2 Reppe Process 6.3 Davy Process 6.4 Butadiene Process 6.5 Propylene Oxide Process 6.6 Others
7 1,4-Butanediol (BDO) Market, by Technology 7.1 Introduction 7.2 Reppe Process 7.3 Davy Process 7.4 Butadiene Process 7.5 Propylene Oxide Process 7.6 Others
8 1,4-Butanediol (BDO) Market, by Type 8.1 Introduction 8.2 Synthetic BDO 8.2.1 Growing Demand for Ptmeg for Producing Spandex 8.3 Bio-Based BDO 8.3.1 Increased Application in Transportation Sector
9 1,4-Butanediol (BDO) Market, by Application 9.1 Introduction 9.2 Tetrahydrofuran (Thf) 9.2.1 Growing Downstream Sector Favorable for Market Growth 9.2.2 Polytetramethylene Ether Glycol (Ptmeg) 9.2.3 Solvents 9.2.4 Others 9.3 Polybutylene Terephthalate (Pbt) 9.3.1 Second-Largest Application of BDO 9.3.2 Automotive 9.3.3 Electrical & Electronics 9.3.4 Consumer Appliances 9.3.5 Others 9.4 Gamma Butyrolactone (Gbl) 9.4.1 High Solvent Quality with Low Toxicity 9.4.2 N-Methyl-2-Pyrrolidone 9.4.3 2-Pyrrolidone/N-Vinyl-2-Pyrrolidone/ Polyvinylpyrrolidone 9.4.4 Others 9.5 Polyurethane (Pu) 9.5.1 Growing Use of Pu in Various Industries 9.6 Others
10 1,4-Butanediol (BDO) Market, by Region
11 Competitive Landscape 11.1 Overview 11.2 Revenue Analysis 11.3 Market Share Analysis, 2021 11.3.1 Basf Se 11.3.2 Sinopec Yizheng Chemical Fibre Co., Ltd. 11.3.3 Dcc 11.3.4 Xinjiang Tianye (Group) Co., Ltd. 11.3.5 Nan Ya Plastics Corporation 11.4 Company Evaluation Matrix 11.4.1 Stars 11.4.2 Emerging Leaders 11.4.3 Pervasive Players 11.4.4 Participants 11.5 Competitive Scenario
12 Company Profiles 12.1 BASF Se 12.2 Sinopec Yizheng Chemical Fibre Co., Ltd. 12.3 DCC 12.4 Xinjiang Tianye (Group) Co., Ltd. 12.5 Nan Ya Plastics Corporation 12.6 Sipchem Company 12.7 Shanxi Sanwei Group Co., Ltd 12.8 Mitsubishi Chemical Group Corporation 12.9 Mitsui & Co. Italia S.P.A. 12.10 Ashland 12.11 Genomatica, Inc. 12.12 Ineos 12.13 Evonik Industries Ag 12.14 Merck KGaA 12.15 Lanxess 12.16 Lyondellbasell Industries Holdings B.V. 12.17 LG Chem 12.18 Sk Geo Centric Co., Ltd. 12.19 Tokyo Chemical Industry Co., Ltd. 12.2 Spectrum Chemical
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