Market Analysis: Global Butanediol Market

Global butanediol market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Technological advancement and growing awareness about the processing advantages of butanediol are the factor for the market growth.

Market Definition: Global Butanediol Market

Butanediol is a chemical which is widely used for the production of paint thinners, floor stripper, and other solvent products. They are also widely used as an alternative for gamma hydroxybutyrate and gamma butyrolactone. Butanediol was used to enhance the production of growth hormone and growth of muscles. They also get converted into GHB in the body. It also promotes the release of the growth hormone.

Market Drivers:

Rising environmental concerns will enhance the market growth
Growing demand for sustainable products will also accelerate the market growth
Increasing production plant of butaneodiol in various industries is also expected to enhance the market growth

Market Restraints:

Butanediol can cause breathing problems which will hamper the market growth
Increasing usage of butanediol can cause sleep problems and anxiety which will also restrain the market growth

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Segmentation: Global Butanediol Market

By Type

Industrial Grade
Cosmetic Grade

By Application

PolyButylene Terephthalate (PBT)
Tetrahydrofuran (THF)
Gamma butyrolactone (GBL)
Polyurethane
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
U.K.
Belgium
Spain
Russia
Turkey
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Australia
Singapore
Malaysia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
UAE
Saudi Arabia
Egypt
South Africa
Israel
Rest of Middle East and Africa

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Key Developments in the Market:

In September 2019, INEOS enterprise announced the acquisition of composites business from Ashland which also includes BDO facility in Germany. This acquisition will help the company to enter the composite market and BDO facility will help the company to offer high performance polyester and polyurethane to their customer
In March 2016, BASF SE announced that the expansion of 1,4-butanediol (BDO) by 20% at their Verbund site in Geismar. This will help the company to strengthen their market position and meet the rising demand of the people in North and South America Market. This will also help them to provide different products to their customer as well

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, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global butanediol market are BASF SE; Mitsubishi Chemical Corporation; Ashland; Sipchem; LyondellBasell Industries Holdings B.V.; The Chemical Company; KH Chemicals; Henan Haofei Chemical Co.,Ltd.; Merck KGaA;  Shanxi Sanwei Group Co., Ltd.; SINOPEC YIZHENG CHEMICAL FIBRE LIMITED LIABILITY COMPANY; China National Bluestar (Group) Co,Ltd.; Sichuan Tianhua Co., Ltd.; HENAN KAIXIANG CHEMICAL CO., LTD.; Xinjiang Tianye Co.,Ltd; TRInternational, Inc; GJChemical.com;   Genomatica, Inc; among others.