Butynediol Market Size, Share & Industry Analysis, By Application (Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethane (PU), Others) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Butynediol is also called BDO, 2-butyne-1,4-diol, 1,4-dihydroxy-2-butyne, 1,4-butynediol, bis hydroxymethyl acetylene, 2-butynediol, and 2-butin-1,4-diol. Butanediol is an organic compound and appears as a colorless and almost odorless viscous liquid at room temperature. It is also a saturated carbon-4 straight-chain dibasic alcohol. Reppe Process is the most widely used process used to manufacture butynediol, which involves the reaction of formaldehyde with acetylene. Butynediol is adopted as an intermediate in various application such as tetrahydrofuran (THF), polybutylene terephthalate (PBT), gamma-butyrolactone (GBL), polyurethane (PU).
The increasing demand for tetrahydrofuran from the various application will boost the consumption of butynediol. The product is adopted as an intermediate for the production of tetrahydrofuran. Whereas, tetrahydrofuran is one of the vital applications and widely utilized in the manufacturing of polytetramethylether glycols (PTMEG). Also, it is a versatile industrial solvent for synthetic and natural resins. The high consumption of tetrahydrofuran can also be seen in the production of nylon. Hence, increasing demand for tetrahydrofuran in these applications will contribute to fuel the butynediol market growth during the forecast timeline.
However, the volatility in raw material prices impacts the fluctuation in demand and restricts butynediol adoption in various applications. Hence, this s anticipated to hamper the market growth.
Key Market Driver -
The increasing demand of tetrahydrofuran will boost the product consumption.
Key Market Restraint -
Volatility in the prices to hamper the market growth
Market Segmentation:
Based on application, the butynediol market is segmented into tetrahydrofuran (THF), polybutylene terephthalate (PBT), gamma-butyrolactone (GBL), polyurethane (PU). From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Key Players Covered:
The key players in the butynediol market include BASF SE, Dairen Chemicals, LyondellBasell Chemicals, Shanxi Sanwei Group, International Specialty Products, Invista, Mitsubishi Chemicals, American Chemistry Council, Inc., SpecialChem, and Arpadis.
Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenarios
- Porters Five Forces Analysis
Regional Analysis:
Asia Pacific is anticipated to witness steady growth in the butynediol market. The growth is attributed to the rising adoption of the product in tetrahydrofuran application. The high product adoption in polybutylene terephthalate will fuel the market growth in Europe, in which UK and Germany are the leading contributors. In North America, the market is estimated to grow with sustainable growth owing to rising product demand in the polyurethane application. The Middle East & Africa is anticipated to witness significant growth, owing to rising product utilization in the gamma-butyrolactone.
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Segmentation
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By Application |
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By Geography |
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- Ongoing
- 2023
- 2019-2022
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