1, 4 Butanediol (BDO) market

Research and Markets have announced the addition of the “1,4 Butanediol (BDO) Market 2014-2025” report to their offering.

The global 1, 4 butanediol market is projected to reach USD 12.6 billion by 2025. The pioneers of bio-based technologies have paved the path for sustainable BDO production from renewable feedstock, which has influenced consumption patterns in recent years. Companies are increasingly adopting good manufacturing practices and integrating advanced production technologies to comply with transitioning regulatory framework and consumer specifications. Producers have shifted their focus towards sustainable production and boosted the reliance on natural and renewable resources to eliminate wastage and pollution. Tetrahydrofuran (THF) was the dominant application in 2015, occupying over 48% of the revenue share. THF is mostly utilized to derive PTMEG, which is then further processed into spandex fibers for sportswear, medical and automotive interiors. Transitioning consumer lifestyles are encouraging the foray of spandex producers into new markets, thereby leading to higher BDO consumption. Asia Pacific emerged as the dominant segment with over 63% volume share in 2015. Rising consumer disposable income, expanding end-use industries and growing awareness regarding sustainable resources expected to foster industry growth.

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