This research is specially designed to estimate and analyze the demand and performance of the 1,4 butanediol, 2,3 butanediol and its downstream applications in a global scenario.

Albany, NY -- (SBWire) -- 02/04/2016 --The global demand for 1, 4 butanediol was estimated at 1,805.0 kilo tons in 2012 and is expected to grow at a CAGR of 5% from 2013 to 2018. The global market for 2, 3-butanediol was estimated at over 61.8 kilo tons in 2012 and is expected to grow at a CAGR of 3.2% from 2013 to 2018.

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The market for 1, 4 BDO is primarily driven by the growth of global sportswear and footwear market. However, the volatile nature of raw material prices and the regulatory issues regarding the impact of using synthetic 1, 4 butanediol on environment are acting as some of the major factors inhibiting the growth of global 1, 4 butanediol market. In order to minimize these concerns, the world is shifting towards development and commercialization of bio-based 1, 4 butanediol, owing to its environmental friendly nature.

The market for 1, 4 BDO is primarily driven by the growth of global sportswear and footwear market. However, the volatile nature of raw material prices and the regulatory issues regarding the impact of using synthetic 1, 4 butanediol on environment are acting as some of the major factors inhibiting the growth of global 1, 4 butanediol market. In order to minimize these concerns, the world is shifting towards development and commercialization of bio-based 1, 4 butanediol, owing to its environmental friendly nature.

Bio-based 2, 3 butanediol is capable of replacing the market of its synthetic counterpart. One potential market for bio-based 2, 3 butanediol is for the production of 1, 3 butadiene. Synthetic 2, 3-butanediol is not a very large or attractive market due to its unique structure and costly chemical synthesis. Also, there is a huge difficulty in separating the intermediate into downstream derivatives such as butadiene, methyl ethyl ketone (MEK) and butenes. 2, 3-butanediol has not been produced on a large scale due to its high price (USD 15,788/ton) which also leads to inadequate development of its application. Therefore, although the fermentation process of 2, 3-butanediol has reached the level of the alcohol industry, it has not been industrialized.

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In order to provide competitive landscape of the market, report includes company market shares for 1,4 butanediol, 1,3 butadiene and methyl ethyl ketone (MEK) along with their company profiles. Some of the companies profiled in this report include BASF, BioAmber, Dow Chemical, Dairen Chemicals, Exxon Mobil Chemicals, Genomatica, International Specialty Products, Invista, LyondellBasell, Mitsubishi Chemicals, Metabolix, Shanxi Sanwei, Shell Chemicals and S.K. Energy.

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