Global 1,4 Butanediol Market to Grow at a CAGR of 7.55% by 2030 | ChemAnalyst

-



According to ChemAnalyst report, “Global 1,4 Butanediol Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, Global 1,4 butanediol market has shown tremendous growth in the past five years and is anticipated to achieve a CAGR of 7.55% during the forecast period. Increasing population and growing demand for various applications of 1,4 butanediol such as Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethane (PU), Other Derivatives would drive the demand for 1,4 butanediol in the forecast period. As 1,4 butanediol is a sedative, stringent government regulations regarding consumption of 1,4 butanediol are expected to hinder the demand for the forecast period.

Get more info: https://www.chemanalyst.com/industry-report/1-4-butanediol-market-542

1,4 butanediol (BDO) is a colorless viscous liquid and is one of the four stable isomers of butanediol. It is used in the manufacturing of other organic chemicals such as tetrahydrofuran (THF) having application in spandex fibers and urethane elastomers, gamma-butyrolactone (GBL) having application in electronics, pharmaceuticals, agrochemicals, and high-performance polymers, polybutylene terephthalate (PBT) having application as engineering plastic, polyurethane (PU) and other derivatives. It is used as a solvent in organic synthesis, therefore has application in various end use industries such as automotive, pharmaceutical, electrical and electronics, artificial leather, and agriculture chemicals. Upcoming bio-based 1,4 butanediol is expected to push the demand further during the forecast period.

Sample Request: https://www.chemanalyst.com/ChemAnalyst/RequestForm

1,4 butanediol can be used as a sedative and has psychotropic properties. This has led governments worldwide to put stringent regulations over consumption of 1,4 butanediol. This is expected to hider the demand during the forecast period. Tetrahydrofuran (THF) which is a major component of spandex fibers which are also driving the demand of 1,4 butanediol. Other applications include gamma-butyrolactone (GBL) which is increasing in demand due to application in various industries including electronics, pharmaceuticals, agrochemicals and, high performance polymers thus increasing the demand for 1,4 butanediol. As 1,4 butanediol is a protic organic solvent it has application in the synthesis of various plastics including polybutylene terephthalate (PBT) which has several applications as an engineering plastic.

1,4 butanediol is manufactured by the reaction of acetylene and formaldehyde through the reppe process hence its price is directly linked to the fluctuations in the prices of acetylene and formaldehyde both having petrochemical origin. Over the past few years, global 1,4 butanediol prices have become highly susceptible to the cost of acetylene and formaldehyde and competing protic solvents gaining ground in its markets. In the first half of FY20 sudden outbreak of novel coronavirus followed by fall in in the demand of automotive, electronics, and textiles rendered a slight downfall in the global 1,4 butanediol prices.

Regionally, Asia Pacific dominates the Global 1,4 butanediol market and holds the largest market share in FY19. Asia’s 1,4 butanediol market is anticipated to grow in the economies like India, China, and Japan due to continuously rising population and high demand for automotive, textile, electronics, agrochemical sectors. South Asia, particularly China, seems to be the key market for 1,4 butanediol as the country is seen as a generally under-supplied market. Moreover, increasing regulations of the Indian government towards limiting the consumption of 1,4 butanediol because of its psychotropic properties is seen as a barrier to demand growth for the forecast period.

According to ChemAnalyst report, Global 1,4 butanediol Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating global carbon nanotubes market are International Specialty Products, BASF SE, Invista, Mitsubishi Chemical Corporation, Shanxi Sanwei Group (China), Dairen Chemical Corporation, Nan Ya Plastics Corporation, LyondellBasell Chemicals.

“Being linked to the polymeric materials industry, the global 1,4 butanediol industry has shown a robust growth alongside growing population and changing consumer preference. China serves as the key growth region with sufficiently installed capacities. India also shows an optimistic trend in demand rise during the forecast period as the government is supporting domestic production various polymers in its make in India campaign. Global 1,4 butanediol pricing curve shows strong movement in line with the petroleum as the raw materials are petrochemicals.  With new competitors emerging across the Asian 1,4 butanediol market, players anticipate that supply will soon outpace demand in the near future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

Browse Related Reports

Global Electronic Chemicals Market: Demand & Supply, Type, End Use, Region, Sales Channel, Competition Market Analysis, 2015-2030

https://www.chemanalyst.com/industry-report/electronic-chemicals-market-322

Global Hydrogen Market - Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End-Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030

https://www.chemanalyst.com/industry-report/hydrogen-market-277

About Us       

ChemAnalyst is a leading provider of chemical commodity prices in more than 12 countries. The company has emerged as a preferred pricing supplier amongst Procurement Managers and Strategy Professionals globally who wants to track near real time prices of chemicals on its interactive dashboard. Unlike most of its competitors such as ICIS, IHS & S&P Platts the company doesn’t believe in delivering prices in PDF reports. The company has developed proprietary algorithm based online subscription platform in which users can track years of historical prices of more than 250 chemical commodities. In addition, since it’s all online, the users cannot just compare prices across multiple countries but also with other commodities and play with the data by generating multiple graphs to find out amazing insights. The users get access to grade wise CIF, CFR & Ex Works prices at multiple ports in each country.

ChemAnalyst also provides market analysis for more than 1000+ chemical commodities such as Production, Demand, Supply, Plant Operating Rate, Imports, Exports, Suppliers, Customers and much more. The company has created online interactive dashboard in which customers can access all this data instantly with a click of a button. The users will not only be able to analyse historical data for past years but will also get to analyse short term and long-term forecasts for coming years. With the access to local field teams, the company can provide high quality reliable market analysis data for more than 20 countries.

ChemAnalyst is a one stop solution for all the data related needs. We at ChemAnalyst are committed to assist customers worldwide with their data and insights needs using our comprehensive online platform.

For more information, please visit us at www.chemanalyst.com

Contact Us:

Nilesh Vishwakarma

B-44 Sector-57 Noida,

National Capital Region

Tel: 0120-4523948

Mob: +91-8882336899

Email: info@chemanalyst.com

 

Comments

Post a Comment

Popular posts from this blog

Unlocking the Power of Phosphoric Acid: From Production Methods to Practical Applications

-
Image
H3PO4, often referred to as Orthophosphoric acid or   Phosphoric acid , is a silent hero in our daily routines that might not be well known but plays a vital role. This acid, which is very useful, finds uses in fertilizers that feed our crops, carbonated beverages we love, and many more! It is the same question that follows: how is this acid being manufactured and what are the places where we find it? In this blog, we are going to take a glance at the really interesting world of phosphoric acid. We shall look at the two processes which are adopted for the production of it, i.e., wet and thermal processes. Following that, we will unravel the mystery behind its diverse uses, including its involvement in agriculture and the fact that it is surprisingly a component of our cosmetics and food! We’ll explore handful of its many applications such as: Food science:  It gives a fresh and strong kick to processed foods and drinks, while also working as a preservative. Plant power:  ...
Read more

Wheat Prices, Demand & Supply | ChemAnalyst

-
Image
The final quarter of 2023 presented challenges for the North American  Wheat prices , as a variety of factors influenced prices, leading to a mixed trend. Beginning in October 2023, there was a notable uptick in the cost of wheat, diverging from the consistent decline observed in previous months. This increase in prices was closely tied to Canada, a major wheat exporter, facing a significant reduction in its Durum wheat harvest. The repercussions of this reduction affected all wheat varieties, contributing to an overall price surge. Adverse weather conditions, particularly dry spells in crucial farming regions, were identified as the primary causes, resulting in decreased yields and depleting stocks for major exporters, reaching some of the lowest levels in recent times. Moving into November, there was an abundance of locally sourced goods on the supply side, accompanied by a slowdown in trade orders as downstream consumption notably declined, as reflected in the 3.0 percent decrea...
Read more

A Bird’s Eye View on the Outcome of US Elections on India’s Energy Sector

-
Image
As US heads towards Presidential Elections, the energy policy makers in India are keeping a close watch on the results which would decide its impact on the India-US ties. While Joe Biden promises strong push towards renewable energy sources, Trump’s victory may strengthen India’s oil, infra and defense sector. As soon as incumbent Donald Trump pulled US out of the Paris climate change agreement, which aims at mitigating the impact of greenhouse gas emissions on the global temperature rise, Biden launched a campaign promising the US to achieve the target of net zero emissions by 2050 and investing USD 1.7 trillion in the next ten years towards actualizing the same.  Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/a-birds-eye-view-on-the-outcome-of-us-elections-on-indias-energy-sector-3399 Biden’s proposal sounds well when India has already shifted to fifth gear towards increasing its capacity of clean energy projects. Clean energy projects comprise nearly a fift...
Read more