Global 1,4 Butanediol Market
1,4 Butanediol Market Size And Forecast
According to Verified Market Research, the Global 1,4 Butanediol Market was valued at USD 7.8 Billion in 2018 and is projected to reach USD 14.5 Billion by 2026, growing at a CAGR of 7.9% from 2019 to 2026.
Global 1,4 Butanediol Market Outlook
Increasing demand for Tetrahydrofuran (THF) and Polybutylene Terephthalate (PBT) at the end-user industries is a major factor driving the growth of 1,4 butanediol (BDO) market. Moreover, the growing demand of BDO from developing countries such as India, Taiwan, and China is also responsible in fueling the market growth. Besides, the innovation in sustainable technologies and bio-based feedstock, growing environmental concerns regarding the depletion of non-renewable resources such as crude oil and natural gas, are the factors rising the demand for the 1,4 butanediol. However, the volatility in raw material prices and the high manufacturing cost are some factors restraining the market growth.
Global 1,4 Butanediol Market Competitive Landscape
The Global 1,4 Butanediol Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as BASF SE, Ashland Inc., Dairen Chemical Corporation, Mitsubishi Chemical Corporation, Nan Ya Plastics Corporation, SK Global Chemical Co. Ltd., Bioamber Inc., Mitsui & Co. Ltd., Chongqing Jian Feng Chemical Industry Co. Ltd, and Chemtura Corporation.
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