The global Butanediol Market research report 2028, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Butanediol market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
The butanediol market is expected to witness a market growth at a rate of 7% in the forecast period of 2021 to 2028.
Top Companies in the Global Butanediol Market:
BASF SE, Mitsubishi Chemical Holdings 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, GJChemical.com, Genomatica, Inc, among others.
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Market Segmentation:
The butanediol market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the butanediol market is segmented into industrial grade, and cosmetic grade.
- On the basis of application, the butanediol market is segmented into polybutylene terephthalate (PBT), tetrahydrofuran (THF), GBL, polyurethane, and others.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Asia-Pacific dominates the butanediol market due to the occurrence of major key players. Furthermore, the low cost labor and the resources in the advancing countries will further boost the growth of the butanediol market in the region during the forecast period. North America is projected to observe significant amount of the growth in the butanediol market due to the rise in the consumer disposable income.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Tetrahydrofuran (THF) can be referred to as one of the major applications of butanediol. It is broadly utilized in the several applications like there in the manufacturing of polytetramethylether glycols (PTMEG). It is further treated to derive spandex, and as an intermediate in the manufacturing of the natural gas odorants because of its broad liquid range.
Major factors that are expected to boost the growth of the butanediol market in the forecast period are the increase in the concerning issues regarding the environmental. Furthermore, the rise in the need for sustainable products is further anticipated to propel the growth of the butanediol market. Moreover, the growing of the manufacturing of the plant of butaneodiol is further estimated to cushion the growth of the butanediol market. On the other hand, the unsuitable situations occurring because of the COVID-19 pandemic outbreak is further projected to impede the growth of the butanediol market in the timeline period.
In addition, the rise in the acceptance of good production practices and incorporating advanced manufacturing technologies will further provide potential opportunities for the growth of the butanediol market in the coming years. However, the rise in the competition from fossil-fuel products might further challenge the growth of the butanediol market in the near future.
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