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 muscle growth and growth hormone production; and for
weight loss, bodybuilding, and insomnia.
The Asia Pacific dominated
the market for Butanediol. The demand for the market is growing due to the high
demand from the electronics and consumer appliances industries. The region is
witnessing numerous investments by automotive giants such as Hyundai Motors,
BMW, and Honda. This is expected to drive the demand for the Butanediol market.
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Market Overview:
The chemicals and materials
industry is made up of a diverse group of businesses that differ in size,
geography, business style, and end-market emphasis. These businesses are part
of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products
as raw materials on one hand and a diverse range of application industries on
the other. Petrochemicals, diversified manufacturers, and specialized chemical
industries have traditionally been divided into three categories.
While the wider patterns
discussed in the previous section apply to the entire sector, the complexity of
the distinctions among the various players highlights the need of looking at
trends by player segment. Deloitte previously classified chemical sector
stakeholders into three categories in its multiverse series: natural owners,
distinctive commodities, and solution providers. 4 Each of these groups usually
has its own strategic imperative. Large, vertically integrated natural owners
have a tendency to prioritize continual improvement and operational perfection
over innovation. Differentiated commodities flourish in a highly complex and
fragmented category by focusing on supply chain efficiency, market innovation
(commonly referred to as industrial marketing), and cost optimization. Solution
providers do exactly that: they concentrate on maximizing the potential of
their unique goods, as well as their application expertise and services.
Top 10 Companies Operating
in the Global Butanediol 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.
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Table of Contents:
Report Overview
1.1 Research Scope
1.2 Key Butanediol market
segments
1.3 Major players
1.4 Market analysis by
product type
1.5 Market analysis by
application
1.6 Report timeline
Global Growth Trends
2.1 Global Butanediol
market size
2.2 Latest regional market
trends
2.3 Emerging growth trends
Competitive Outlook
3.1 Global Butanediol
market key players
3.2 Global Butanediol size
by manufacturers
3.3 Products of major
players
3.4 Entry barriers in the Butanediol
market
3.5 Mergers, acquisitions,
joint ventures, and other strategic alliances
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Major Regions covered in
the report:
•
North America (U.S.A., Canada, Mexico)
•
Europe (U.K., Italy, Germany, France,
Rest of Europe)
•
Asia Pacific (India, Japan, China, South
Korea, Australia, Rest of APAC)
•
Latin America (Chile, Brazil, Argentina,
Rest of Latin America)
•
Middle East & Africa (Saudi Arabia,
U.A.E., South Africa, Rest of MEA)
Key
Points Illustrated in the Regional Analysis:
·
Regional contribution to the overall market revenue
·
Forecast revenue share of each regional market
·
Vital information and data related to the production
and consumption rates in all the regions
·
Factors driving the regional market growth over the
forecast period
·
Leading products and application segments in each
regional market
·
Presence of key market competitors in each of these
regions
Butanediol Market
Segmentation
Technology Outlook
(Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
- Davy-McKee
Process
- Butadiene
Process
- Reppe
Process
- Propylene
Oxide Process
Application Outlook
(Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
- Poly
Butylene Terephthalate (PBT)
- Tetrahydrofuran
(THF)
- Polyurethane
(PU)
- Gamma-Butyrolactone
(GBL)
End-Use Outlook (Revenue,
USD Billion; Volume, Kilo Tons; 2019-2030)
- Textile
- Automotive
- Electrical
and Electronics
- Agricultural
Chemicals
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