1,4 Butanediol (BDO) Market Report

1,4 Butanediol (BDO) Market Analysis By Application (Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethane (PU)), By Region (North America, Europe, Asia Pacific, CSA, MEA), And Segment Forecasts, 2014 - 2025

Published: February 2017  |  96 Pages  |  Format: PDF  |  Report ID: 978-1-68038-084-2

Industry Insights

The global 1,4 butanediol (BDO) market size was valued at USD 6.19 billion in 2015 and is expected to grow at an estimated CAGR of 7.7% from 2016 to 2025. Increasing applications of its derivatives in various industrial processes along with the growing demand for spandex in textiles have been responsible for driving growth in recent years.

Tetrahydrofuran (THF), one of the major derivatives of BDO, is widely utilized in multiple applications such as in the production of polytetramethylether glycols (PTMEG). This is further processed to derive spandex, and as an intermediate in manufacturing natural gas odorants owing to its wide liquid range.

U.S. BDO revenue by application, 2014-2025 (USD Million)

U.S. BDO Market

Growing awareness regarding the processing and utility benefits of these, and other BDO derivatives, are responsible for industry expansion. Major multinationals are also shifting their production capabilities towards emerging economies in Asia Pacific, and introducing new technologies, which is anticipated to drive innovation in the near future.

Increasing environmental concerns and depletion of non-renewable resources such as crude oil and natural gas have spurred the development of several innovative, sustainable technologies that utilize bio-based, renewable resources for production. The transference towards sustainable products is also responsible for driving bio-based BDO production and consumption.

Application Insights

Growing demand for spandex production has largely influenced THF consumption in recent years. The segment occupied over 50% of the volume share in 2015 and is expected to remain the dominant application over the near future as well. Rising health, fitness, and sports awareness has also driven the demand for flexible, yet comfortable athletic & sportswear. This, in turn, has contributed positively to THF consumption in spandex fiber applications.

Polyurethane (PU) emerged as another fast-growing application, with the rising consumption of lightweight and durable parts for the automotive, construction and electronics sectors. Extensive R&D in global plastics industry on account of mutable needs has prompted the development of novel PU products which outperform conventional plastics. PU is thus likely to grow at over 7.2% in terms of revenue from 2016 to 2025.

Other products such as gamma butyrolactone (GBL) and polybutylene terephthalate (PBT) are also expected to grow at commendable rates on account of their increasing consumption in varied end-use industries.

Regional Insights

Asia Pacific emerged as the largest 1,4 BDO consumer in recent years, with over 63% volume share in 2015. The region is home to several rapidly expanding industries and wide consumer pool with growing income levels, which has helped shape the industry dynamics.

Major multinational producers in developed countries are also attempting to utilize low cost labor & resources in emerging economies such as India, Vietnam, Thailand and Indonesia. The region is thus expected to grow at the highest CAGR of 8.5% from 2016 to 2025.

China BDO market volume share, by application, 2015

China BDO Market

Central & South America (CSA) is anticipated to remain a fast-growing market. The expansion of the construction sector & infrastructural development to spur regional trade activities & build communication networks is driving PU consumption, which is conducive to industry growth.

Developed regions such as North America and Europe may grow at lower rates, owing to end-use industry saturation and downward revision of GDP growth rates in major economies such as the U.S. and Canada.

Competitive Insights

Key players include BioAmber Inc., BASF SE, ExxonMobil Chemicals, International Specialty Products, Mitsubishi Chemical Corporation, Invista, LyondellBasell Industries and The Dow Chemical Company.

Other significant industry participants include Myriant Corporation, Dairen Chemical Corporation, Toray Industries Inc., Sipchem and Genomatica among others. The market is concentrated in the hands of these and other key players, compelling new entrants to adopt new products & technologies that compete with existing multinationals in the industry.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2016 - 2025

Market representation

Volume in Kilo Tons; Revenue in USD Million and CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, CSA, MEA

Country scope

U.S., Germany, UK, France, Turkey, China, India, Japan, Brazil and Saudi Arabia

Report coverage

Volume & revenue forecast, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments covered in the report

This report forecasts volume & revenue growth and provides an analysis on the latest trends in each of the sub-segments from 2014 to 2025. For the purpose of this report, Grand View Research has segmented the 1,4 butanediol (BDO) market on the basis of application & region:

  • Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Tetrahydrofuran (THF)

    • Polybutylene Terephthalate (PBT)

    • Gamma-Butyrolactone (GBL)

    • Polyurethanes (PU)

    • Others

  • Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • UK

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America (CSA)

      • Brazil

    • Middle East & Africa (MEA)

      • Saudi Arabia

Request Sample
Request for Customization

Choose License Type:

Single User - $4,950
Multi User - $7,950
Enterprise User - $9,950

Special Pricing & Discounts

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA