1,4 Butanediol, commonly known as BDO, is an organic compound predominantly used as a solvent in industrial cleaners and glue removers such as tetrahydrofuran (THF). BDO is a saturated carbon-4 straight-chain dibasic alcohol. It is a colorless and almost odorless viscous liquid at room temperature. It is an important intermediate chemical for tetrahydrofuran and polytetramethylene ether glycol (PTMEG), polybutylene terephthalate (PBT), gamma-butyrolactone (GBL), polyurethane (PU), and other solvents. These chemicals are widely used in fibers, engineering plastics, medicines, cosmetics, artificial leather, pesticides, plasticizers, hardener, solvent and rust remover, etc. Tetrahydrofuran is the largest application market for BDO which has occupied largest chunk of BDO market. The market for 1,4 butanediol is projected to register a CAGR of 8.23%, in terms of value, between 2014 and 2019.
The report estimates the market size of 14,-butanediol industry for major applications such as tetrahydrofuran, polybutylene terphthalate, gamma butyrolactone, polyurethane and others. It provides a comprehensive review of market drivers, restraints, opportunities, challenges, and key issues in the market. The market is further segmented and forecasted for major geographic regions, such as North America, Europe, Asia, and Rest of the World (ROW). Major countries with the market volume and revenue are covered for each of the region.
This report follows both top-down and bottom-up approaches to estimate and forecast the global 1,4 butanediol market by volume and value. This report focuses on the global 1,4 butanediol market by its type, application, and region.
Asia-Pacific is the largest and fastest-growing market for 1,4 butanediol across the world in terms of value. In terms of value, the market for 1,4 butanediol in Asia-Pacific is projected to register a CAGR of 8.91% between 2014 and 2019. Higher domestic demand along with availability of raw materials and low-cost labor makes this region most attractive one for the market participants. Market participants are continuously focusing on this region in order to gain market share and increase profitability. Dairen Chemicals (Taiwan), Shanxi Sanwei Group (China), and Mitsubishi Chemicals (Japan) are some of the major market players of 1,4 butanediol in Asia-Pacific region.
The drivers of the industry are identified as high growth in developing regions, high demand in end-user industries, and high existing production capacities of 1,4-butanediol. Most of the production capacity of 1,4-butanediol exists in Asia-Pacific region and high growth in their demand is mainly observed in developing countries. The high production capacities in the region also give flexibility to the manufacturers to scale up the production depending upon demand trends. The restraining factors are identified as raw material price volatility and high manufacturing cost of the 1,4-butanediol industry. The issues in the market are mainly pertaining to that of a maturing industry .i.e. steady growth in mature markets such as U.S. and Europe, and environmental concerns as well. The industry players are following strategies such as consolidation and capacity expansion to address to the demands generated by end-user industries and developing countries. Global BDO market is highly concentrated. This can be mainly attributed to the barriers existed in the sourcing of production technology and raw materials.
1,4 Butanediol Market by Technology (Reppe process, Davy process, Butadiene process, Propylene oxide process and others), and by Application (THF, PBT, GBL, PU, and Others) - Global Trends & Forecasts to 2019
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