"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Butanediol Market Size, Share & Industry Analysis, By Type (1,3-Butanediol, 1,4-Butanediol, 2,3-Butanediol), By Application (1,4-Butanediol, 1,3-Butanediol, 2,3-Butanediol) Others and Regional Forecast, 2022-2029

Region : Global | Report ID: FBI102321 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Butanediols are chemical compounds that are used in various chemical formulations and polymers. These chemicals are manufactured using different technologies that use different raw material. Bio-based technologies have begun to surface and are expected to lower the cost of production of these butanediols.   


On the basis of type, Butanediol Market is segmented into 1,3-Butanediol, 1,4-Butanediol, 2,3-Butanediol. On the basis of Application, Butanediol Market is segmented into 1,3-Butanediol applications (Cosmetics & Personal Care, Polymers, Paints & Coatings, Food & Beverages and Others), 1,4-Butanediol applications (PBT, THF, GBL, Polyurethane and others), 2,3-Butanediol applications (Plastics, Food Additive, Intermediate Chemicals, Cosmetics and others).  


Key Market Driver -

Wide adoption in various end-use industries to boost the market growth

Key Market Restraint -

Implementation of stringent environmental & health regulations across the world.


From a geographical standpoint, the market is categorised into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.


Key market Drivers- Butanediols have wide adoption in various end-use industries ranging from polymers, paints & coatings to food & beverages. 1,4-butanediol is extensively used in polymer AND CHEMICAL production such as PBT, THF, GBL, polyurethanes. THF consumes around 35% of the total 1,4 butanediol produced. THF has wide range of applications in cement, textiles, cosmetics, packaging, plastics, adhesives and others which drives the market growth at healthy rates.   


Key market restraints- With increasing environmental awareness amongst developed and developing countries in the world, the governing bodies are effectively framing & implementing stringent regulations closely monitoring the exposure of hazardous chemicals. 1,4-butanediol is annually produced in large quantities of several million tons in the world and many people abuse its use as recreational drugs directly or indirectly. Due to this reason it has been reviewed several times by the governing bodies to avoid its exploitation. In 2017, European commission notified WTO about the planned amendments to the EU regulations on food contact plastic materials. These plastics also included the plastics that used 1,3-butanediol feedstock.                 


Key Players Covered:


The global Butanediol Market is fairly fragmented with number of global giants operating in the market. Some of the key players in the global butanediol market include- BASF SE, Shanxi Sanwei Group, Dairen Chemicals, Ashland, Daicel Corporation, Mitsubishi Chemicals, LyondellBasell Industries N.V., Penta Manufacturing company, Godavari Biorefineries Ltd, OXEA GmbH, SHOWA DENKO K.K., Global Bio-chem Technology Group Company Limited, Novamont, LanzaTech and others.


Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the market

  • New Product Launches, Expansions, Key Players

  • Regulatory Landscape

  • Porters Five Forces Analysis


Regional Analysis:


On geographical basis, Butanediol Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia-Pacific dominates in the consumption of butanediol and its end-use products on the back of huge population and markets growth in the developing countries in the region. The region is expected to witness healthy growths over the forecast period owing to the developments in the markets and increasing end-users. North America is the second largest consumer of butanediols and is expected to experience moderate growth over the forecast period due to the slow-down economic growth.


To gain extensive insights into the market, Request for Customization


Europe region is also expected to witness moderate growth with slight high growths in central & eastern European regions. Latin America market is expected to witness healthy growth over the forecast period with the improving socio-economic conditions in the region. Middle East and Africa region accounts to less than 5% of the global butanediol consumption and the region is poised to witness moderate to high growth over the forecast period on the back of rising disposable income and rising middle class.         


Segmentation






















 ATTRIBUTE


 DETAILS

By Type


 




  • 1,3-Butanediol

  • 1,4-Butanediol

  • 2,3-Butanediol



By Application




  • 1,4-Butanediol

    • Tetrahydofuran (THF)

    • Polybutylene terphthalate (PBT)

    • Gamma butyrolactone (GBL)

    • Polyurethanes (PU)

    • Others



  • 1,3-Butanediol

    • Cosmetics & Personal Care

    • Polymers

    • Paints & Coatings

    • Food & Beverages

    • Others



  • 2,3-Butanediol

    • Plastics

    • Food Additive

    • Intermediate Chemicals

    • Cosmetics

    • Others





By Geography




  • North America (U.S., and Canada)

  • Latin America (Mexico, Brazil, and Rest of LATAM)

  • Europe (Germany, UK, France, Italy, Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea and Rest of Asia Pacific)

  • Middle East & Africa (Saudi Arabia, UAE, and Rest of Middle East & Africa)



Key Industry Developments



  • January, 2019, USA, INVISTA, a manufacturer of resins, fibers & intermediates headquartered in Kanas US, completed the sales of its Apparel & advanced textiles business to its affiliate of Shandong Ruyi Investment Holding which includes the sale of its 1,4 butanediol (BDO), polytetramethylene ether glycol (PTMEG)and tetrahydrofuran (THF) production assets too. However, the company will retain its intellectual property rights.  

  • June, 2019, Daicel Corporation, a chemical manufacturing company headquartered in Japan, announced that it is going to establish new production facility of 1,3-butanediol at its Aboshi Plant. The construction is expected to get complete by September 2020 and with this additional plant, Daicel will double its capacity.


  • Ongoing
  • 2021
  • 2018-2020

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $7850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

uniliver
3M
BASF
GM
Kpmg

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X