1 , 4-Butanediol Market Scenario , Leading Players , Segments Analysis and Growth Drivers to 2022
Market Highlights
Global 1 , 4-Butanediol Market is expected to grow with the CAGR 8.18 % of more than from 2016 to 2022 , and with this it is predictable to cross USD 11.7 Billion by 2022 . 1 , 4-butanediol is used in various applications . THF is one of the butanediol derivatives . The properties of THF are clear , colorless liquid , low viscosity and ether like odor owing to these properties it is used in pharmaceuticals , used in block for the production of poly-tetramethyl ether-glycol ( PTMEG ) for fiber yarns , which lends stretch ability to textiles . GBL has upright properties such as colorless liquid , high boiling point and low odor . It is soluble in alcohol and aromatic hydrocarbon , esters . Ethers , ketones and water as it is chemical intermediate are used in pharmaceutical and agriculture industries .
Tetrahydrofuran ( THF ) is the largest end use for butanediol , accounting for 49 % of total consumption Tetrahydrofuran is the largest end use for butanediol , accounting for 49 % of total consumption , according to MRFR analysis , Tetrahydrofuran most consumption is for the production of polytetramethylene glycol ( PTMEG ), which is used in the manufacture of cast and thermoplastic urethane elastomers , polyurethane fibers and high performance copolyester ether elastomers . Inaddition it also used as a solvent in the manufacture of polyvinyl chloride cements and coatings , in precision magnetic tape , and as a reaction solvent in the production of pharmaceuticals .
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Key Player
� The Dow Chemical Company , � Bioamber Inc ., � Vertellus Specialties Inc .,
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