16-Dec-2020 | Facts and Factors
Findings from Facts and Factors report “Butanediol Market By Type (PBT, THF, GBL, Polyurethane, Others), By Application (Cosmetics & Personal Care, Food, Polymers, Paints & Coatings, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Butanediol Market in 2019 was approximately USD 8.5 billion. The market is expected to grow at a CAGR of 8% and is anticipated to reach around USD 16.2 billion by 2026.
The Butanediol Market Is Powered By Growing Demand From THF Industry and Increasing Demand for PBT.
The organic chemical compound has large applications in the industrial sector for producing plastics, fibers, and solvents among other chemical sector applications. Butanediol is vicious as well as a colorless chemical compound that has a very high boiling point and is also derived from butane. The process involved in the manufacturing of butanediol is termed the Reppe process which involves the reaction of formaldehyde with acetylene.
Butanediol can also be manufactured by the use of the davy process by using the raw material named maleic anhydride. Few other manufacturing processes can be by the use of propylene oxide or biological routes as a raw materials. A few of the applications of butanediol are the manufacturing of gamma-butyrolactone, poly butylenes terephthalate, polyurethanes, and tetrahydrofuran among others applications.
There is a huge demand for butanediol from the pharmaceutical sector and also rise in cosmetic industries will propel the demand for butanediol. The major players in the market such as Dairen chemical corporation, myriad corporations, and Genomatica among others are driving the butanediol market and are competitive for new entrants in the market to launch new products and compete with these players in the market.
Segmental Overview:
The market for butanediol is segmented based on type, application, and region. Based on type, the market for butanediol is classified into PBT, THF, GBL, Polyurethane, and others. Based on application, the market for butanediol is segmented into polymer, food, cosmetics & personal care, paints & coatings, and others.
Regional Overview:
In terms of geography, Asia Pacific is expected to hold the major market share and dominate the market during the forecast period due to the high growth in healthcare industries by the means of the public as well as private investments in the Asia Pacific region. The countries such as China, and India are seeing high growth in medical & pharmaceutical infrastructure owing to the growth in disposable income and also growth in population in the region.
Butanediol will register significant growth over the forecast period. The high growth from end-use industries is a major factor for the growth of the butanediol market the growth is majorly from the countries in the Asia Pacific region which will propel the demand for the butanediol market.
The relatively low prices for raw materials of butanediol will act as a demand booster for the market in the forecast period. Therefore, industrial and economic growth, high growth from end-user sectors, and relatively low prices are some of the major factors which will propel the demand for the butanediol market in the forecast period.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 8.5 Billion |
Projected Market Size in 2026 |
USD 16.2 Billion |
CAGR Growth Rate |
8% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
China Petroleum & Chemical Corporation, Royal Dutch Shell Plc, Eni S.p.A., Evonik Industries AG, Ineos Group AG, LANXESS, LG Chem, LyondellBasell Industries Holdings B.V., Nizhnekamskneftekhim, JSR Corporation, Repsol, SABIC, The Dow Chemical Company, TPC Group, Formosa Plastics Corporation, U.S.A., ZEON Corporation, Shanghai Petrochemical, Borealis AG, Versalis S.p.A., SK Global Chemical Co. Ltd, Shanxi Sanwei Group Co. Ltd, Eastman Chemical Company, BASF SE, ExxonMobil Chemical Company, Mitsubishi Chemical Corporation, Eastman Chemical Company, BASF SE, ExxonMobil Chemical Company, Mitsubishi Chemical Corporation, and others. |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Key Market Players
Some of the leading and top companies in the butanediol market contain China Petroleum & Chemical Corporation, Royal Dutch Shell Plc, Eni S.p.A., Evonik Industries AG, Ineos Group AG, LANXESS, LG Chem, LyondellBasell Industries Holdings B.V., Nizhnekamskneftekhim, JSR Corporation, Repsol, SABIC, The Dow Chemical Company, TPC Group, Formosa Plastics Corporation, U.S.A., ZEON Corporation, Shanghai Petrochemical, Borealis AG, Versalis S.p.A., SK Global Chemical Co. Ltd, Shanxi Sanwei Group Co. Ltd, Eastman Chemical Company, BASF SE, ExxonMobil Chemical Company, Mitsubishi Chemical Corporation, Eastman Chemical Company, BASF SE, ExxonMobil Chemical Company, Mitsubishi Chemical Corporation.
Browse the full “Butanediol Market By Type (PBT, THF, GBL, Polyurethane, Others), By Application (Cosmetics & Personal Care, Food, Polymers, Paints & Coatings, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/butanediol-market
The taxonomy of the butanediol market by its scope and segmentation is as follows:
Global Butanediol Market: Type Analysis
- PBT
- THE
- GBL
- Polyurethane
- Others
Global Butanediol Market: Application Analysis
- Cosmetics & Personal Care
- Food
- Polymers
- Paints & Coatings
- Others
The Butanediol Market: Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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