The global Butanediol market is forecast to reach USD 17.13 Billion by 2027, according to a new report by Reports and Data. Butanediol is a chemical and is used to make the paint thinner, floor stripper, and other solvent products.
Butanediol is a raw material for polyurethane and polyester resins that show excellent characteristics. These products find several applications in everyday consumer products such as consumer durables such as electrical appliances and cars, clothing and shoe soles, industrial materials such as machine parts, as well as medical products. Butanediol is an important commercial chemical used to manufacture over 2.5 million tons of valuable polymers every year. Currently, the production of butanediol is entirely through petrochemistry.
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Key participants include BASF SE, Mitsubishi Chemical Corporation, Ashland Inc., SK Global Chemical Co. Ltd., Nan Ya Plastics Corporation, Mitsui Co. Ltd., Genomatica Inc., Chemtura Corporation, Dairen Chemical Corporation, and Bioamber Inc., among others.
Sustainability and digitalization are expected to be two key trends to alter the dynamics of the chemicals and materials industry over the forecast period. Rising focus on sustainable manufacturing processes, packaging, and innovation in production are some key factors expected to accelerate market revenue growth over the forecast period. In addition, incorporation of machine learning, artificial intelligence, and the advent of 3D printing or additive manufacturing are expected to further contribute to revenue growth of the market going ahead.
For the purpose of this report, Reports and Data have segmented into the global Butanediol market on the basis of technology, application, end-user, and region:
Technology Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Propylene Oxide Process
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Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Poly Butylenes Terephthalate (PBT)
End-User Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Electrical and Electronics
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