Regional Analysis of Global 1, 4-Butanediol Market:
Globally, Asia Pacific emerged as the largest 1, 4-Butanediol consumer in recent years, with highest volume share in 2016. Major key players of the market of developed countries are focusing on various strategies they are utilizing low cost labor & resources in emerging economies such as India, Vietnam, Malaysia, Thailand and Indonesia. The region is expected to grow at the highest CAGR from 2016 to 2025. Central & South America is anticipated to remain a fast-growing market. North America and Europe will have sluggish growth rate, owing to end-use industry major economies such as the U.S. and Canada
The key players in market includes BASF SE, Mitsubishi Chemical Corporation, Ashland Inc, Bioamber Inc, Sipchem, LyondellBasell Industries N.V, ExxonMobil Chemicals, and others.
The report covers brief analysis of geographical region includes
Study Objectives of Global 1,4 butanediol Market:
In the year 2021, HELM and Cargill decided to construct a bio-oriented intermediate manufacture firm at Cargill’s biotechnology campus and also a corn refining process operation in Eddyville, located in Iowa. The plant might be completed and working in 2024 to reach the demands of the product in the process of supply chains.
In the year 2021, Xinjiang Guotai Xinhua Chemical Company limited company begin the Coal-type Fine Chemicals Circular Economy in Industrial Park Phase II project to generate formaldehyde and acetylene through a formaldehyde plant and dry acetylene plant and manufacture hydrogen via methanol cracking technique.
|Market Size||2030 : Significant value|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Applications and By Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||BASF SE, Mitsubishi Chemical Corporation, Ashland Inc, Bioamber Inc, Sipchem, LyondellBasell Industries N.V, ExxonMobil Chemicals, and others.|
|Key Market Opportunities||Major players are shifting their production plant in emerging economies|
|Key Market Drivers||
1,4-Butadeniol market CAGR would be 8.18% during the forecast period.
The growing demand for it in textiles will boost 4-Butadeniol market.
The Asia Pacific region will lead the global 1,4-Butadeniol market.
The players in the 1,4-Butadeniol market are Ashland Inc, Bioamber Inc, Sipchem, BASF SE, Mitsubishi Chemical Corporation, ExxonMobil Chemicals, LyondellBasell Industries N.V, and others.
The growing demand for sustainable products would boost 1.4-Butadeniol market.