Global Market for 1,4 Butanediol to Grow at a CAGR of 4.6% from 2013 to 2018, Expects TMR
- Oct 23, 2012
According to a new market report published by Transparency Market Research " Butanediol (1,4 BDO & 2,3 BDO), 1,3 Butadiene and MEK Market: Applications (THF, PU, PBT, SBR, ABS, NBR etc.), Bio-based Alternatives, Downstream Potential, Market Size and Forecast, 2010 - 2018", the global market for 1,4 butanediol was estimated to be 1,664 kilo tons in 2010, which is expected to reach 2,357.3 kilo tons by 2018, growing at a CAGR of 4.6% from 2013 to 2018. In terms of revenues, the global market was estimated to be worth USD 3,660.8 million in 2010 and is expected to reach USD 5,940.4 million by 2018, growing at a CAGR of 5.5% from 2013 to 2018. Asia Pacific with 55.3% of the global market share was estimated to be the largest market for 1,4 butanediol and it is expected to maintain its lead position till 2018. The global market for 2,3 butanediol was estimated to be 58 kilo tons in 2010, which is expected to reach market volumes of 74.4 kilo tons by 2018, growing at a CAGR of 3.2% from 2013 to 2018.
The growth of global footwear market and global sports wears market is strengthening the overall market for 1,4 butanediol. However, the raw material price and the impact of using synthetic 2,3 butanediol on environment is acting as major barriers to the growth of the global 2,3 butanediol market. Owing to these concerns, the world is shifting towards the use of bio-based 2,3 butanediol, which along with providing a clean solution for producing various derivatives of synthetic 2,3 butanediol also provides cost competitiveness due to cheap raw material against their synthetic counterparts. Pioneer companies like LanzaTech and INVISTA are now planning to commercialize their operations by 2014 for producing bio-based 2,3 butanediol.
Another market which is being targeted for bio-based 2,3 butanediol include production of methyl ethyl ketones (MEK). The global market for MEK was estimated to be 1,100 kilo tons in 2010, which is expected to reach 1,488.1 kilo tons by 2018, growing at a CAGR of 4% from 2013 to 2018. In terms of revenues, the global market was estimated to be worth USD 2,080 million in 2010 and is expected to reach a market worth USD 2,929.7 million by 2018, growing at a CAGR of 4.5% from 2013 to 2018. MEK market is also led by Asia Pacific region with approximately 55.3% of the market share, followed by North America and Europe. Asia Pacific is also the fastest growing market for MEK, at a CAGR of 4.2% from 2013 to 2018. Paints and coating with approximately 57% of overall market, emerged as the biggest application market for MEK in 2011, followed by printing inks.
This research is specially designed to estimate and analyze the demand and performance of 1,4 butanediol and 2,3 butanediol in global scenario. This research provides in-depth analysis of butanediol manufacturers, trend analysis by segments and demand by geography. The study presents a comprehensive assessment of the stakeholder strategies and winning imperatives for them by segmenting the market as below:
1,4 Butanediol Market, by Application:
1,3 Butadiene Market, by Application:
Styrene-Butadiene Rubber (SBR)
Acrylonitrile Butadiene Styrene (ABS)
Nitrile Butadiene Rubber (NBR)
Methyl-Ethyl Ketone (MEK) Market, by Application:
Paints and Coatings
The report provides a cross-sectional analysis of all the above segments with respect to following geographical markets:
Rest of the World (RoW)
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Its exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. The company is privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Its data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports
Source: Transparency Market Research
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