New Trends of Butanediol Market increasing demand with key Players – BASF SE, Mitsubishi Chemical Corporation, Ashland Inc., SK Global Chemical Co. Ltd., etc

Global Butanediol Market report 2020:

A new report on the Butanediol global market has been published and added to the ever-growing database of Reports and Data, which includes a detailed study of the industry, covering different aspects of the market and the growth scenario over the forecast period, 2020 -2026. The report is inclusive of valuable insights and information which are segmented on both global as well as regional basis. The information has been gathered by means of various sources, and the information is arranged, processed, and represented through different methodological techniques and analytical tools like the SWOT analysis to generate an entirely new set of trade-based study regarding the Butanediol Market.

Market Size – USD 8.20 Billion in 2018, Market Growth - CAGR of 8.4%, Market Trends – Growing application in electronic industry.

This is the only report that is inclusive of the current effect of the coronavirus on the market and its forecasted trend. The coronavirus has impacted all sectors of the world economy, and its impacts on the Butanediol market are elucidated in-depth in this report.

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Top Players of the Market:
BASF SE, Mitsubishi Chemical Corporation, Ashland Inc., SK Global Chemical Co. Ltd., Nan Ya Plastics Corporation, Mitsui & Co. Ltd., Genomatica Inc., Chemtura Corporation, Dairen Chemical Corporation, and Bioamber Inc., among others.

The report evaluates the CAGR value as well as the market value based on the key market dynamics and growth-inducing factors. This study is based on the latest industry news, growth potentials, and trends. The study is meticulously drawn and is exclusively centered around the market scenarios, competitive landscapes, and the influential participants of the markets.

Segmentation based on the type of products:
• Davy Process
• Butadiene Process
• Reppe Process
• Propylene Oxide Process

Segmentation based on the application of the products:
• Poly Butylenes Terephthalate (PBT)
• Tetrahydrofuran (THF)
• Polyurethane (PU)
• Gamma-Butyrolactone (GBL)

The report covers and elucidates how the market fares in the different regions of the world; the regions included in this study are:

Regional Analysis:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

The regions are assessed on their capacities to transform into areas where the Butanediol market can flourish and prosper. As of the present speculations, North America and the Asia Pacific region are expected to show exponential growth and expansion. With Europe and Latin America developing a market for the Butanediol.

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Key Offerings of the Report:

Butanediol is also used as a plasticizer in cellulosic and polyesters as a carrier solvent in the printing ink, an adhesive (in leather, plastics, polyester laminates, and polyurethane footwear), a cleaning agent, in veterinary and agricultural chemicals and coatings.

Butanediol is also applicable as a humectant in pharmaceuticals and as a solvent in cosmetic formulations. It is imported as a solid wax in 200L steel drums and also is formulated materials.

Butanediol is converted to gamma-hydroxybutyrate (GHB) in the body. GHB slows down the brain function and can cause loss of consciousness, along with the dangerous slowing of breathing and other vital functions. It also stimulates growth hormone secretion.

Poly Butylenes Terephthalate (PBT) is a synthetic thermoplastic polymer. Butanediol is the key raw material for the production of PBT. One of the major driving factors of the market is the rising demand for lightweight vehicles due to their high performance, competitive pricing, strength, style, reliability, and safety.

Reppe process is a family of high-pressure, catalytic acetylene-reaction processes yielding (depending upon what the acetylene reacts with), butadiene, allyl alcohol, acrylonitrile, vinyl ethers and derivatives, acrylic acid esters, cyclooctatraene, and resins.

The market in North America is expected to grow, owing to the high demand for the market product from the paints & coatings, cosmetic & personal care, and plastic industries. Moreover, stringent environmental regulations in the region are augmenting the demand for bio-based chemicals. This is likely to fuel demand for butanediol as it is an organic compound.

Major Highlights from the Market:
• This report provides a brief analysis of the quantitative aspects together with the market trends from 2020 to 2026, in order to identify the prevalent opportunities with the strategic assessment.
• The forecast period for the market is from 2020 to 2026.
• The market size and estimations are based on an in-depth analysis of the major trends in the industry.
• The report also conducts a qualitative assessment based on strategic business planning and well-informed decision making.
• The report also enlists the growth strategies adopted by the leading players to comprehend the competitive scenario of the market.

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In the end, the report covers segment data, including industry segment, type segment, channel segment, etc., as well as the segments’ market size, both in terms of volume and value. In addition, the report mentions client data from different industries, which is vital to manufacturers. The report has been collated with in-depth secondary research, comprehending the market access aspects across various geographies.

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This release was published on openPR.