DALLAS, April 15, 2015 /PRNewswire/ --
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", published by MarketsandMarkets, 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.
Browse 70 Market Data Tables and 62 Figures spread through 143 Pages and in-depth TOC on "1,4 Butanediol Market".
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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 drivers include strong demand from tetrahydrofuran (THF) industry, rapidly growing market for PBT (polybutylene terephthalate), and growing demand from polyurethane industry. Some of the major restraining factors for 1,4 butanediol market growth are high manufacturing cost, and raw material price volatility. There are some opportunities which will change the dynamics of 1,4 butanediol industry in the years to come, which include development of bio-based BDO, and production of BDO from coal. 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.
"Asia-Pacific: The Biggest Market of 1,4 Butanediol"
The Asia-Pacific is the most promising market for 1,4 butanediol and is anticipated to be the same in the near future. The Asia-Pacific is the largest market of 1,4 butanediol, which accounted for a share of 56.34% the total demand in 2013. 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: The Biggest application of 1,4 Butanediol"
THF (tetrahydrofuran) is an important immediate downstream product of BDO. THF make up for single largest end application market for 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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