Global 1,4 Butanediol (BDO) Market: Rising usage of Tetramethylene Oxide in Industrial Applications Support the Market Growth Significantly; BioAmber Inc., Mitsubishi Chemical Corporation, BASF, and Dow Chemical

The global 1,4 Butanediol (BDO) market is expected to grow at growth rate of 6.5% to reach USD 12.5 billion by 2025. This comprehensive study reveals the market estimate numbers for different market segments. Along with that, the study covers qualitative insights, strategic benchmarking and thorough competitive landscaping in the report spreading over 150 pages.

1,4-Butanediol, also referred as BDO or BD, is a non-hazardous, slightly toxic, and colorless solid or liquid organic chemical substance. This chemical is widely used in various industrial applications as a coating raw material, solvent and as a pharmaceutical production purpose. Broadly, this chemical compound is used in manufacturing sealant and adhesive chemicals, polyurethanes, intermediates, and elastic fibers. The production of 1,4 BDO is increasing considerably according to the U.S. Government Statistical Index. Of which, half of its production is dehydrated to tetrahydrofuran (THF) to develop fibers.

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Key Takeaways:
• Of the various application area, Tetrahydrofuran (THF) captured the highest share of the global industry. This segment captured 48.32% share in 2016 and is projected to dominate the industry over the forecast period.
• Asia Pacific accounted for the highest share, more than 50% of the global market. Presence of large number of industries for this market in Asia Pacific countries such as China and India is considered to be a primary growth factor for this region.
• Key companies such as BioAmber Inc., Mitsubishi Chemical Corporation, BASF SE, The Dow Chemical Company, and LyondellBasell Industries are operating in this market
• Strategic initiatives by key companies to capture significant market share drive the industry growth. For instance, in September 2017, BASF Corporation has increased prices for 1,4-BDO and its derivatives in European regions in order to generate high revenue.

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The scope of this report covers the market by its major segments, which include as follows:

Market, by Application
1. Polybutylene terephthalate (PBT)
2. Polyurethane (PU)
3. Tetrahydrofuran (THF)
4. Gamma-butyrolactone (GBL)

Market, by Region
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East and Africa
6. Rest of the World

Market, by Country
1. U.S.
2. Canada
3. Germany
4. France
5. India
6. China

Key players profiled in this report with special attention on competitive landscape includes, (can be further customized to include additional 10 profiles of companies):
1. BioAmber Inc.
2. Mitsubishi Chemical Corporation
3. BASF SE
4. The Dow Chemical Company
5. LyondellBasell Industries

Key benefits of the report:
• The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• Thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

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