The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
1, 4-Butanediol (BDO) Market Overview
Increasing applications of its derivatives in various industrial processes along side the growing demand for spandex in textiles are liable for driving growth in recent years. Tetrahydrofuran (THF), one among the main derivatives of BDO, is widely utilized in multiple applications for instance within the production of polytetramethylether glycols (PTMEG). this is often further processed to derive spandex, and as an intermediate in manufacturing gas odorants due to its wide liquid range.
Growing awareness regarding the processing and utility benefits of those, and other BDO derivatives, are liable for industry expansion. The major multinationals are shifting their manufacturing capabilities towards the emerging economies within Asia Pacific, and the introducing new technologies, that is anticipated to propel innovation shortly.
Increasing environmental concerns and depletion of non-renewable resources like petroleum and gas have spurred the event of several innovative, sustainable technologies that utilize bio-based, renewable resources for production. The transference towards sustainable products is additionally liable for driving bio-based BDO production and consumption.
1, 4-Butanediol (BDO) Market Segment Overview
PBT may be a synthetic thermoplastic polymer. The rawest materials used for the assembly of PBT are BDO (1, 4-butanediol), DMT (Dimethyl Terephthalate), and PTA (Purified Terephthalic Acid), with the assistance of catalysts. one among the main factors driving the PBT market is that the rising demand for lightweight vehicles, thanks to their competitive pricing, high performance, style, reliability, strength, and safety.
The PBT resin formed is then converted to PBT compounds, like PBT fiber, PBT film, PBT market batch, glass fiber-reinforced grade PBT compound, and flame-retardant grade PBT compound. These compounds are utilized in various end-user applications, like automotive, extrusion, electronics and electrical, and other applications (textile spinning and aerospace), and for creating anti-lock braking system (ABS), anti-slip regulation (ASR), electrical motors, wipe arms, headlamp bezels, motor cover, plugs, switches, television receiver accessories, et al.
In automotive and various other transportation services, PBT allows for the energy absorption, shock absorption for bumpers, weight reduction, restriction of the explosion risk in the fuel tanks, airbags, seat belts, door and seat assemblies, bumpers, subsystems, exterior trim, under-bonnet components, and numerous other applications.
1, 4-Butanediol (BDO) Regional Overview
The Asia-Pacific dominated worldwide market share. Demand for market studied is propelled by growing demand from the industries such as electronics, and consumer appliances, and others China is the largest automotive producer within world and it's now specialize in event of electrical vehicles. The region is observing numerous investments by the global automakers, such as Hyundai Motors, BMW, and Honda, into the automotive industry. This, in turn, is perhaps going to spread demand for BDO.
Besides, China has world’s largest electronics construction base. Electronic products, like smartphones, OLED TVs, wires, cables, tablets, earphones, etc., have very best growth within electronics segment. With rise in income of middle-class population and growing demand for the electronic products from nations importing electronic products from China, assembly of electronics has increased.
In India, govt has also been pushing expansion of the industry through new initiatives, for instance Phased Manufacturing Programme, to feature extra smartphone components under “Make in India” initiative, to push domestic manufacturing of mobile handsets. Also, with increasing income of population, demand for consumer appliances, such as washing machines, air-conditioners, fridge, microwaves, and others, has prominently increased, which is further driving expansion of buyer appliances market.
1, 4-Butanediol (BDO) Market Competitor overview
Key players include BASF SE, BioAmber Inc., ExxonMobil Chemicals, Mitsubishi Chemical Corporation, International Specialty Products, Invista, LyondellBasell Industries, and the Dow Chemical Company.
Other noteworthy industry participants include Myriant Corporation, Toray Industries Inc. Dairen Chemical Corporation, and Sipchem, Genomatica among others. The market is focused within the hands of those and few of the other key players, compelling new entrants to the adopt new products and technologies that compete with the existing multinationals within industry.
1, 4-Butanediol (BDO) Market Key Players
1. BioAmber Inc.
2. BASF SE
3. ExxonMobil Chemicals
4. International Specialty Products
5. Mitsubishi Chemical Corporation
6. Invista, LyondellBasell Industries
7. The Dow Chemical Company
8. Myriant Corporation
9. Dairen Chemical Corporation
10. Toray Industries Inc.
11. Sipchem
12. Genomatica
1, 4-Butanediol (BDO) Market Segmentation
1, 4-Butanediol (BDO) Market, By Derivative
1, 4-Butanediol (BDO) Market, By End User
Global 1, 4-Butanediol (BDO) market, By Region:
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1, 4-Butanediol (BDO) Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global 1, 4-Butanediol (BDO) Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America 1, 4-Butanediol (BDO) Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America 1, 4-Butanediol (BDO) Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe 1, 4-Butanediol (BDO) Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific 1, 4-Butanediol (BDO) Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa 1, 4-Butanediol (BDO) Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.1. Company 1
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
