Butanediol Market Size, Trends, Revenue Share Analysis, Forecast, 2022–2030
The global Butanediol market is forecast to reach USD 21.93 Billion by 2030, according to a new report by Reports and Data. Butanediol is a chemical and is used to make the paint thinner, floor stripper, and other solvent products. Butanediol is a raw material for polyurethane and polyester resins that show excellent characteristics. These products find several applications in everyday consumer products such as consumer durables such as electrical appliances and cars, clothing and shoe soles, industrial materials such as machine parts, as well as medical products. Butanediol is an important commercial chemical used to manufacture over 2.5 million tons of valuable polymers every year. Currently, the production of Butanediol is entirely through petrochemistry. Butanediol is illegal to sell for usage in medicine. It is also used as a substitute for other illegal substances such as gamma-butyrolactone (GBL) and gamma-hydroxybutyrate (GHB). Butanediol is used to stimulate ...