About 1,4-butenediol
1, 4 butenediol market is pushed by way of the growing utilization of its derivates such as tetrahydrofuran (THF) in the manufacturing of polytetramethylether glycols (PTMEG). Later, it is processed into spandex used as an intermediate herbal gasoline odorant owing to its vast liquid range. Also, client focus related to the processing and utility advantages of 1, 4 butenediol is growing which has led to enterprise expansion. Furthermore, the key market gamers are increasing their manufacturing bases to growing economies in the Asia Pacific vicinity which will assist in the introduction of new applied sciences and force innovation throughout the market. These are some of the elements that are bolstering the increase of the world 1, 4 butenediol market. The environmental issues alongside with depletion of non-renewable assets such as crude oil and herbal fuel have led to the development of initiatives and applied sciences that make use of bio-based sources for production.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Technology launches, acquisitions, and R&D things to do are key techniques adopted through players in 1,4 butenediol market. In 2019, the market of 1,4 butenediol market has been consolidated through the pinnacle 5 gamers accounting for xx% of the share. Major gamers in the 1,4 butenediol market are BASF SE, Chongqing Jian Feng Chemical Industry Co. Ltd, Dairen Chemical Corporation, Invista S.A.R.L, Saudi International Petrochemical Company (SIPCHEM), Shanxi Sanwei Group Co. Ltd, Genomatica Inc., SK Global Chemical Co. Ltd., Mitsubishi Chemical Corporation, Mitsui & Co. Ltd. amongst others. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global 1,4-butenediol market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), Dairen Chemicals (Taiwan), LyondellBasell Chemicals (The Netherlands), Shanxi Sanwei Group (China), International Specialty Products (United States), Invista (United States), Mitsubishi Chemicals (Japan), Ashland Inc. (United States), Nan Ya Plastics Corporation (Taiwan) and SK Global Chemical Co. Ltd. (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Bioamber Inc. (Canada), Chongqing Jian Feng Chemical Industry Co. Ltd (China) and Chemtura Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global 1,4-butenediol market by , Application (Gamma-Butyrolactone, Polybutylene Terephthalate, Polyurethane and Others) and Region.
On the basis of geography, the market of 1,4-butenediol has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Process, the sub-segment i.e. Reppe Process will boost the 1,4-butenediol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Automotive will boost the 1,4-butenediol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
1,4-butenediol Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growing Demand for Tetrahydrofuran for Spandex Fibers
- Rising Demand for Polybutylene Terephthalate from Various Industries
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Influencing Trends | - Increasing Demand in the Automotive Industry
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Restraints | - End of 1, 4 Butenediol Plants throughout the Years
- Side Effects of Butenediol Are Serious Breathing Problems, Coma, Amnesia, Combativeness, and Others
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Road Blocks / Challenges | - High Cost Associated With the Manufacturing Cost
- Volatility of Raw Material Prices
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Gaps & Opportunities | - Stringent Regulations
- Increase in Demand for Recyclable and Sustainable Products
- Rapid Urbanization
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Market Leaders and their expansionary development strategies
In 2021, Mitsubishi Chemical Corporation has entered into a partnership agreement with Dymon Co., Ltd. the robotic and area improvement venture, the first personal employer ever to discover the moon.
In 2021, , Xinjiang Guotai Xinhua Chemical Co. Ltd commenced the Coal-based Fine Chemicals Circular Economy Industrial Park Phase II challenge to produce acetylene and formaldehyde thru a dry acetylene plant and a formaldehyde plant, produce hydrogen via the methanol cracking method, and similarly produce 1, 4 butenediol (BDO) thru the acetylene aldehyde method. Completing this task will assist produce 100,000 ton of 1,4 butenediol (BDO) and 1,200 ton of butanol as a by-product.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.