[Online Quarterly Update]Global 1,4 butanediol demand is projected to grow at a healthy CAGR of 7.55%. 1,4 butanediol (BDO) is a colourless 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 fibres 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. I,4 butanediol is also used as a sedative therefore, it has addictive drug properties. Stringent government regulations regarding usage of 1,4 butanediol is expected to hamper demand growth during the forecast period.
In 2020, the spread of COVID-19 in major global economies caused a sudden fall in demand for electronics, automobiles, and construction as these industries suffered from decrease in production due to lockdown. Fall in end use segment impacted the demand of global 1,4 butanediol market for the first half of 2020. Region wise, APAC region holds the major share of global demand for 1,4 butanediol with China leading the global market with sufficient production capacities. Several new companies are entering the market which are expected to fil the demand supply gaps for the forecast period.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
Objective of the Study:
•To assess the demand-supply scenario of 1,4 butanediol which covers production, demand and supply of 1,4 butanediol market globally.
•To analyse and forecast the market size of 1,4 butanediol .
•To classify and forecast global 1,4 butanediol market based on fiber, technology, end-use and regional distribution.
•To identify drivers and challenges for global 1,4 butanediol market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global 1,4 butanediol market.
•To identify and analyse the profile of leading players involved in the manufacturing of 1,4 butanediol.
Major players for 1,4 butanediol globally include International Specialty Products, BASF SE, Invista, Mitsubishi Chemical Corporation, Shanxi Sanwei Group (China), Dairen Chemical Corporation, Nan Ya Plastics Corporation, LyondellBasell Chemicals.
To extract data for global 1,4 butanediol market, primary research surveys were conducted with 1,4 butanediol manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global 1,4 butanediol market over the coming years.
ChemAnalyst calculated 1,4 butanediol demand globally by analyzing the historical data and demand forecast which was carried out considering imported 1,4 butanediol, styrene prices, monomers used for production of 1,4 butanediol . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• 1,4 butanediol manufacturers and other stakeholders
•Organizations, forums and alliances related to 1,4 butanediol distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as 1,4 butanediol manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, global 1,4 butanediol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by End Use
Automotive, Pharmaceutical, Leather, Electrical and Electronics, Agricultural Chemicals
Market, by application
Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethane (PU), Other Derivatives
Market, by Sales Channel
Direct Company Sale, Direct Import, Distributors & Traders, Retailers
Market, by Region
North America, APAC, Europe, MEA, South America
ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.
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