1,4 Butanediol Market Projected to Reach $8.96 Billion by 2019 – New Report by MarketsandMarkets
Dallas (PRWEB) April 21, 2015
The report “1,4 Butanediol Market by Technology (Reppe process, Davy process, Butadiene process, Propylene oxide process and others), and by Application (THF, PBT, GBL, PU, and Others) – Global Trends & Forecasts to 2019”, defines and segments the global market with an analysis and forecast of its global volume and value.
Browse 70 Market Data tables and 62 Figures spread through 143 Pages and in-depth TOC on “1,4 Butanediol Market”.
http://www.marketsandmarkets.com/Market-Reports/1-4-butanediol-market-685.html
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The report also defines driving and restraining factors for the global 1,4 butanediol market with the analysis of trends, opportunities, and burning issues, winning imperatives, strategic benchmarking and challenges. Some of the major restraining factors for 1,4 butanediol market growth are high manufacturing cost, and raw material price volatility. The market is forecasted on the basis of major regions, such as North America, Europe, Asia-pacific, and Rest of the World (RoW) by both value and volume. The regional 1,4 butanediol market is further segmented on the basis of major application. The market size for 1,4 butanediol, in terms of value, is projected to reach $ 8.96 billion by 2019, registering a CAGR of 8.23% between 2014 and 2019.
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“Asia-Pacific is the Biggest Market of 1,4 Butanediol”
The demand for 1,4 butanediol in the region is projected to register a CAGR of 6.77%, in terms of volume, between 2014 and 2019. It is estimated that China was the biggest consumers of 1,4 butanediol in the region. China is also the fastest-growing market for 1,4 butanediol globally, and is projected to register a CAGR of 9.95% between 2014 and 2019.
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“THF is the Biggest application of 1,4 Butanediol”
THF (tetrahydrofuran) is an important immediate downstream product of BDO. It is a colorless, water miscible organic liquid with low viscosity at standard temperature and pressure. THF is widely used as an important raw material for polymers and is predominantly used to produce PTMEG, which in turn is a reactant for making other polymers. THF accounted for a share of 45.91% of the global 1,4 butanediol market in 2013.
BASF SE (Germany), Dairen Chemicals (Taiwan), LyondellBasell Chemicals (The Netherlands), Shanxi Sanwei Group (China), International Specialty Products (U.S.), Invista (U.S.), and Mitsubishi Chemicals (Japan), are some of the major manufacturers of 1,4 butanediol globally.
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