Pune, India -- (SBWIRE) -- 09/04/2018 -- Market Definition: Global 1, 4 Butanediol Market
1,4 Butanediol is a colourless and organic chemical compound with a high boiling point and is derived from butane. It is used for the manufacturing of Poly Butylene Terephthalate (PBT), Gamma Butyrolactone (GBL), Tetrahydrofuran, Polyurethanes. 1,4 butanediol compound finds a wide industrial application in the production of plastic, fibers, and solvent. According to Oxea, in 2018, 60,000 metric ton of dioctyl terephthalate which is a general purpose non-ortho-phthalate plasticizer was targeted to be produced on annually basis. As per the Outlook magazine, in 2016, China's light vehicle market was increased by a record 25.4 million units from 3.26 million units, with almost 14.7% increment in the market. This reflects the strong economy and growth. The above factor shows that the demand for automotive and plasticizer around the globe is growing and will drive the demand for 1,4 butanediol.
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Global 1, 4 Butanediol Market, By Application (Tetrahydrofuran (THF), Poly Butylene Terephthalate (PBT), Gamma-butyrolactone (GBL), Polyurethane, Others), By Technology (Reppe Process, Davy process, Butadiene Process, Propylene oxide process, Others), By End-User Industry (Automotive, Pharmaceutical, Leather, Electrical and Electronics, Agricultural Chemicals, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global 1, 4 Butanediol Market
The Global 1, 4 Butanediol Market is expected to reach USD 14.04 billion by 2025, from USD 7.14 billion in 2017 growing at a CAGR of 8.01% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Key Market Competitors:
- Eastman Chemical Company
- BASF SE
- Exxonmobil Chemical Company
- Mitsubishi Chemical Corporation
- China Petroleum & Chemical Corporation
- Royal Dutch Shell Plc
- Eni S.p.A.
- Evonik Industries AG
- Ineos Group AG
- LANXESS
- LG Chem
- LyondellBasell Industries Holdings B.V.
- Nizhnekamskneftekhim.
- JSR Corporation
- Repsol
- SABIC
- The Dow Chemical Company
- TPC Group
- Formosa Plastics Corporation
- U.S.A., ZEON Corporation.
- Shanghai Petrochemical
- Borealis AG.
- Versalis S.p.A.
- SK Global Chemical Co. Ltd
- Shanxi Sanwei Group Co. Ltd
- Many more
Market Drivers:
- Rising demand from end-use industries
- Increasing demand in Asia-Pacific
- Growing automotive & packaging industry
Market Restraint:
- High manufacturing costs
- Fluctuating cost of raw material
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Segmentation: Global 1, 4 Butanediol Market
By Application
- Tetrahydrofuran (THF)
- Poly Butylene Terephthalate (PBT)
- Gamma-butyrolactone (GBL)
- Polyurethane
- Others
By Technology
- Reppe process
- Davy process
- Butadiene process
- Propylene oxide process
- Others
By End-User Industry
- Automotive
- Pharmaceutical
- Leather
- Electrical and Electronics
- Agricultural Chemicals
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Competitive Landscape: Global 1, 4 Butanediol Market
The global 1,4 butanediol market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of the 1,4 butanediol market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global 1,4 butanediol market
- Analyze and forecast the 1,4 butanediol market on the basis of application, technology, and end-user industry
- Trends of key regional and country-level markets for application, technology, and end-user industry
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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