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Global 1, 4 Butanediol Market with Global Innovations, Competitive Analysis, New Business Developments and Top Companies – Global Forecast to 2025
A market research study of this Global 1, 4 Butanediol Market report help businesses in gaining knowledge about what is already there in the market, what market looks forward to, the competitive background and steps to take up to outshine the rivals. This market report leads to systematic problem analysis, model building and fact-finding for the purpose of decision-making and control in the marketing of goods and services. This Global 1, 4 Butanediol Market report searches and analyses data which are relevant to marketing problems. By completely understanding client’s requirements and following them strictly, this Global 1, 4 Butanediol Market research report has been structured.
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Market Definition: Global 1, 4 Butanediol Market
1,4 Butanediol is a colourless and organic chemical compound with a high boiling point and is derived from butane. It is used for the manufacturing of Poly Butylene Terephthalate (PBT), Gamma Butyrolactone (GBL), Tetrahydrofuran, Polyurethanes. 1,4 butanediol compound finds a wide industrial application in the production of plastic, fibers, and solvent. According to Oxea, in 2018, 60,000 metric ton of dioctyl terephthalate which is a general purpose non-ortho-phthalate plasticizer was targeted to be produced on annually basis. As per the Outlook magazine, in 2016, China’s light vehicle market was increased by a record 25.4 million units from 3.26 million units, with almost 14.7% increment in the market. This reflects the strong economy and growth. The above factor shows that the demand for automotive and plasticizer around the globe is growing and will drive the demand for 1,4 butanediol.
Market Analysis: Global 1, 4 Butanediol Market
The Global 1, 4 Butanediol Market is expected to reach USD 14.04 billion by 2025, from USD 7.14 billion in 2017 growing at a CAGR of 8.01% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Competitive Landscape: Global 1, 4 Butanediol Market
The global 1,4 butanediol market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of the 1,4 butanediol market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Key Market Competitors: Global 1, 4 Butanediol Market
The key players operating in the global 1,4 Butanediol market are –
Eastman Chemical Company
BASF SE
Exxonmobil Chemical Company
Mitsubishi Chemical Corporation
The other players in the market are China Petroleum & Chemical Corporation, Royal Dutch Shell Plc, Eni S.p.A., Evonik Industries AG, Ineos Group AG, LANXESS, LG Chem, LyondellBasell Industries Holdings B.V., Nizhnekamskneftekhim., JSR Corporation, Repsol, SABIC, The Dow Chemical Company, TPC Group, Formosa Plastics Corporation, U.S.A., ZEON Corporation., Shanghai Petrochemical, Borealis AG., Versalis S.p.A., SK Global Chemical Co. Ltd, Shanxi Sanwei Group Co. Ltd, and many more.
Market Drivers:
Rising demand from end-use industries
Increasing demand in Asia-Pacific
Growing automotive & packaging industry
Market Restraint:
High manufacturing costs
Fluctuating cost of raw material
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Segmentation: Global 1, 4 Butanediol Market
By Application
Tetrahydrofuran (THF)
Poly Butylene Terephthalate (PBT)
Gamma-butyrolactone (GBL)
Polyurethane
Others
By Technology
Reppe process
Davy process
Butadiene process
Propylene oxide process
Others
By End-User Industry
Automotive
Pharmaceutical
Leather
Electrical and Electronics
Agricultural Chemicals
Others
By Geography
North America
Europe
Asia-Pacific
South America
Middle East & Africa
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