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.
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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.
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“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.
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