1,4 Butanediol (BDO) Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2031 | Ashland Inc , Bioamber Inc. , Chemtura Corporation

The 1,4 Butanediol (BDO) market is projected to exhibit a considerable growth rate during the forecast period. The growing application of the 1,4 Butanediol in the end-user industry is one of the major factors augmenting the growth of the BDO market across the globe. The biological pathways of BDO production are providing greater scope to the chemical industries in the present time. Many key players are showing major interest in bio-based products. The application areas of the BDO are increasing at a rapid pace. BDO is one of the important raw materials used for basic organic chemicals and fine chemicals. It has its utility in a broad range of industries including medicine industry; textile industry; chemical industry; papermaking industry; daily-using chemical industry; and automobile industry.

Tetrahydrofuran and gamma-butyrolactone, the principal products developed from BDO possess solvents applications and high-value derivatives. The development of these products from BDO is anticipated to fuel the growth of the BDO industry. Tetrahydrofuran is used for the production of spandex fibers; and other resins, solvents, and printing inks for plastics. The properties of PBT including thermal stability, durability, and high tensile strength make it suitable to be used in electrical appliances. PBT combines mechanical and electrical properties and has robust chemical resistance. It is an industrial chemical providing good environmental characteristics and minimizes the health risks for workers.

Moreover, the rising demand for polybutylene terephthalate is another major factor in the market. PBT is used as an insulator in electrical and electronics industries as it is a thermoplastic polymer. The PBT is extensively used in a broad range of application and is commonly used in electrical, electronic, and automotive components. PBT resins and PBT compound are the two derivatives of PBT. The PBT resin just includes base resin whereas PBT compounds consist of several materials including glass filing, and additives. The material is used often in mineral or glass filled grades. When the product is made as fire resistance, some additives are added to improve its UV and flammability properties.

Additionally, PBT is used for making electrical parts, electronic parts, and auto parts. The several applications of the PBT compound include motor cover, motor brushes, and TV set accessories and many others. The compounds made from BDO are designed to enhance long-term reliability. In the countries of Asia-Pacific, PBT is a highly demanding material in the electrical and electronic industry, hence a significant BDO market can be expected in the near future.

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1,4 Butanediol BDO Market Segmentation

By Technology

· Butadiene Process

· Davy Process

· Propylene Oxide Process

· Reppe Process

By Application

· Gamma-Butyrolactone

· Poly Butylenes Terephthalate (PBT)

· Polyurethane

· Tetrahydrofuran

By End-Users

· Automotive industry

· Electrical and Electronics

· Chemical industry

· Footwear Industry

· Sports Industry

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1,4 Butanediol BDO Market - Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· Ashland Inc

· Bioamber Inc.

· Chemtura Corporation

· Chongqing Jian Feng Chemical Industry Co. Ltd.

· Dow Chemicals

· Exxon Mobi Chemicals

· Genomatica Inc.

· International Speciality Products

· Invista

· Lyondellbasell Industries

· Metabolix

· Mitsubishi Chemical Corporation

· Mitsui & Co. Ltd.

· Saudi International Petrochemical Company

· Shanxi Sanwei Group Co. Ltd.

· Shell Chemicals

· Sk Global Co. Ltd

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