Butanediol Market 2019 Analysis by BASF SE, Mitsubishi Chemical Corporation

Posted by Donald Rooney on September 26th, 2019

Butanediol is a chemical used to create stripper, thinner paint, and other solvent products. Butanediol is used as an alternative for gamma butyrolactone (GBL) and gamma hydroxybutyrate. They are also used to boost the development of growth hormone and muscle growth. Global butanediol market is set to witness a steady CAGR of 4.25% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Top Manufacturers Covered in the Report: BASF SE, Mitsubishi Chemical Corporation, NAN YA PLASTICS CORPORATION, Ashland, Sipchem., INVISTA, Genomatica, Inc, Dairen Chemical Corporation, LyondellBasell Industries Holdings B.V., TORAY INDUSTRIES, INC., The Chemical Company, Henan GP Chemicals Co.,Ltd, KH Chemicals, Merck KGaA, Central Drug House, Henan Haofei Chemical Co.,Ltd., Zhengzhou Meiya Chemical Products Co.,Ltd, Alpha Chemika., Haihang Industry Co., Ltd, Hefei TNJ Chemical Industry Co.

Market Drivers:

•          Rising demand of butanediol from THF industry will drive the market growth
•          Increasing R&D activities will also enhance the market growth
•          Growing demand for fuel- efficient automobiles will also enhance the growth of this market
•          Rising prevalence for poly butylenes terephthalate is also contributing as a factor for the market growth

Market Restraints:

•          High manufacturing cost will restrain the market growth
•          Fluctuation in the price of the raw material will also hamper the market growth

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Competitive Analysis

Global butanediol market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of butanediol market for Global, Europe, North America, Asia-Pacific and South America.

Key Insights in the report:

•          Complete and distinct analysis of the market drivers and restraints
•          Key market players involved in this industry
•          Detailed analysis of the market segmentation
•          Competitive analysis of the key players involved

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