DUBLIN--(BUSINESS WIRE)--The "Global 1, 4 Butanediol Market - Segmented by Technology, Application, End-User Industry and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global butanediol market is expected to witness a CAGR of approximately 8.7% during the forecasted period, majorly driven by the rising demand from developing countries in the Asia-Pacific region.
Butanediol is used in a wide range of industries owing to its properties, which include hydrophobic and chemical resistance. It is mainly used in the application of polyurethanes in the leather industry for shoe soles and lamination in artificial leather. The demand for butanediol has also witnessed an increase from the pharmaceutical sector, owing to its requirement in medical and optical instrument parts and insulators.
1, 4 butanediol is heavily required in the production of PBT, which is then used in automotive production. There has been a significant growth in the automotive production globally, which has led to an increased demand for PBT. This has ultimately increased the demand for and consumption of butanediol in the automotive sector.
In terms of consumption in 2017, Asia-Pacific held the largest share. This is majorly owing to the rapid growth of spandex and PBT production in China. Additionally, the demand for PBT has been on the rise from other economies, which include India and ASEAN countries, owing to increasing usage in the automotive and pharmaceutical industries.
- Ashland Inc.
- BASF SE
- Bioamber Inc.
- Dairen Chemical Corporation
- Genomatica Inc.
- Invista S.A.R.L
- Mitsubishi Chemical Corporation
- Nan Ya Plastics Corporation
Saudi International Petrochemical Company
- S.A.xi Sanwei Group Co. Ltd.
- SK Global Chemical Co. Ltd.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/q7cj63/global_1_4?w=4