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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