1,4 Butanediol (BDO) Market Size To Hit USD 12.6 Billion By 2025: Grand View Research Inc.

1,4 Butanediol (BDO) Market.jpg
San Francisco, 27 December 2019: The Report 1,4 Butanediol (BDO) Market Analysis By Application (Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethane (PU)), By Region (North America, Europe, Asia Pacific, CSA, MEA), And Segment Forecasts, 2018 – 2025

The global 1,4 Butanediol (BDO) Market is projected to reach USD 12.6 billion by 2025, according to a new report by Grand View Research, Inc. Pioneers of bio-based technologies such as Geomatica and BioAmber have paved the path for sustainable BDO production from renewable feedstock, which has influenced consumption patterns in recent years.

Companies are increasingly adopting good manufacturing practices and integrating advanced production technologies to comply with transitioning regulatory framework and consumer specifications. Producers have shifted their focus towards sustainable production and boosted the reliance on natural & renewable resources to eliminate wastage & pollution.

Tetrahydrofuran (THF) was the dominant application in 2015, occupying over 48% of the revenue share. THF is mostly utilized to derive PTMEG, which is then further processed into spandex fibers for sportswear, medical & automotive interiors. Transitioning consumer lifestyles are encouraging the foray of spandex producers into new markets, thereby leading to higher BDO consumption.

Access Research Report of 1,4 Butanediol (BDO) Market @ www.grandviewresearch.com/industry-analysis/1-4-butanediol-market

Further key findings from the study suggest:
  • Polyurethanes are expected to grow at a high CAGR of 8.4% in terms of revenue from 2016 to 2025. Increasing consumption of PU in foams, adhesives, and coatings to be a vital factor
  • PBT also emerged as an important application owing to the substitution of conventional metals in automotive & electronics sectors, and the introduction of new generation PBT grades
  • Development of bio-based feedstock has influenced the production of derivatives such as PBT, with a shift towards sustainable plastics formation to meet regulatory criteria
  • Gamma-butyrolactone (GBL) expected to account for 14% of the overall revenue by 2025, growing at 6.4% CAGR over the forecast period. High demand for manufacturing pyrrolidones from GBL, which are further utilized as industrial chemicals in several applications
  • Asia Pacific emerged as the dominant segment with over 63% volume share in 2015. Rising consumer disposable income, expanding end-use industries and growing awareness regarding sustainable resources expected to foster industry growth
  • Manufacturers in developed countries across North America & Europe are shifting production bases to emerging economies to tap lucrative opportunities and cater to the domestic demand
  • Influential companies in the industry include The Dow Chemical Company, BASF SE, Invista, LyondellBasell Industries, Mitsubishi Chemical Corporation, ExxonMobil Chemicals, International Specialty Products, and BioAmber Inc.
  • In February 2016, Mitsui invested approximately USD 25 million in BioAmber for the production of bio-succinic acid and BDO at 35,000 and 23,000 tons respectively
Browse more reports of this category by Grand View Research at:  www.grandviewresearch.com/industry/renewable-chemicals

Grand View Research has segmented the 1,4 Butanediol (BDO) market on the basis of application & region:
1,4 Butanediol (BDO) Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
  • Tetrahydrofuran (THF)
  • Polybutylene Terephthalate (PBT)
  • Gamma-Butyrolactone (GBL)
  • Polyurethanes (PU)
  • Others
1,4 Butanediol (BDO) Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
  • North America
  • Europe
  • Asia Pacific
  • Central & South America (CSA)
  • Middle East & Africa (MEA)
Access Press Release of 1,4 Butanediol (BDO) Market @ www.grandviewresearch.com/press-release/global-1-4-butanediol-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more