Global Butanediol Market 2018-2022
About Butanediol Market
Butanediol refers to a group of four structural isomers with four carbon atoms and hydroxyl groups. It is mainly used as a raw material an chemical intermediate for solvents, plastics, synthetic fibers, and solvents.
Technavio’s analysts forecast the global butanediol market to grow at a CAGR of 3.53% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global butanediol market for 2018-2022. To calculate the market size, the report considers the revenue generated from the use of butanediol in different applications
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Butanediol Market 2018-2022
Technavio recognizes the following companies as the key players in the global butanediol market: Ashland, BASF, Dairen Chemical Corporation, LyondellBasell Industries Holdings, Mitsubishi Chemical Corporation.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend increasing preference for bio- based butanediol. The implications of stringent rules and regulations by various organization aiming towards sustainable environment. This has led the vendors focus towards innovation and product development of bio butanediol.”
According to the report, one of the major drivers for this market is the increasing demand from developing countries, as many players are shifting their manufacturing activities in these regions. Factors such as cost- effective manpower, low transportation costs, availability of raw material is expected to boost the market growth.
Further, the report states that one of the major factors hindering the growth of this market is the lack of awareness of environment- friendly butanediol. This will reduce the emission of volatile organic compounds (VOC’s) which will led vendors focus towards growing environmental concerns.
Dairen Chemical Corporation
LyondellBasell Industries Holdings
Mitsubishi Chemical Corporation