1,4-Butanediol (BDO) Market to rise to USD 17.71 BILLION by the end of 2030

Posted by omkar on October 8th, 2019

The Global 1, 4-Butanediol (BDO) Market size is estimated to be USD 8.33 billion in 2019 and is predicted to reach USD 17.71 billion by 2030 with a CAGR of 7.1% from 2020-2030. 1, 4-Butanediol (BDO) is a colourless thick liquid, which is one amongst the four stable isomers of butanediol. The commercial production of this solvent is accomplished by the synthesis of acetylene that reacts with two equivalent parts of formaldehyde to form 1, 4-butynediol; which is further hydrogenated to produce 1, 4-butanediol, as a product.

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Biologically, BDO is produced by the biosynthesis process that proceeds via 4-hydroxybutyrate, using a genetically modified organism; however chemically or on an industrial scale, this compound is produced by Reppe Process, Davy process, and via other technical processes. BDO's commercial end users account to automotive, leather, pharmaceutical, and other industries. However, in May 1999, US FDA declared this component as the Class I Health Hazard, thereby restricting its application in edible products.

Market Dynamics and Trends

1, 4-Butanediol (BDO) market is majorly driven by the increasing demand for Tetrahydrofuran (THF) and Polybutylene Terephthalate (PBT) at the end-user industries. In addition, the factors like the innovation of sustainable technologies and bio-based feedstock coupled with the growing demand of BDO from that developing countries like India, China, and Taiwan are also responsible in fuelling the growth of the 1, 4-Butanediol (BDO) market. However, the fluctuating cost of raw materials and expenses manufacturing procedure is responsible for restricting the demand and growth of BDO in the market.

Additionally, the growing awareness regarding the benefits and processing of BDO and its derivatives are further responsible for the expectation of this industry. Factors like, depletion of non-renewable resources like natural gas and crude oil coupled with other environmental issues are also propelling the need for the utilization of bio-based or the production of renewable resources. This has further resulted in driving the growth of bio-based BDO production and its consumption. Impulsive market condition serves to be the major growth challenge for 1, 4-Butanediol (BDO) market.

Market Segmentations and Scope of the Study:

The global 1, 4-Butanediol (BDO) market share is analyzed on the basis of application, and geography. On the basis of application the 1, 4-Butanediol (BDO) market is segmented into Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethanes (PU) and others. Whereas the geographical segmentation covers North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.

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Competitive Landscape:

Comprehensive competitive analysis and profiles of major market players such as Ashland Inc., BASF SE, BioAmber Inc., Dairen Chemical Corporation, Genomatica, Inc., Invista, LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, Myriant Corporation, Saudi International Petrochemical Company, The Dow Chemical Company and Toray Industries Inc.