Bio-based 1,4-butanediol, Global Market Size Forecast, Top 5 Players Rank and Market Share (Internet Services - Other Internet Services)
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Bio-based 1,4-butanediol, Global Market Size Forecast, Top 5 Players Rank and Market Share | |
Bio-BDO is a chemical used as solvent and building block in (bio)plastics, elastic fibres and polyurethanes. Bio-BDO is 100% bio-based and biodegradable. 1,4-Butanediol (BDO) is an important compound that is used as a starting material for the production of important polymers such as polyesters, polyurethanes, and polyethers. The major uses are in the production of tetrahydrofuran (THF) (an intermediate for spandex and other performance polymers) and polybutylene terephthalate (PBT) resins for engineering plastics. According to the new market research report “Global Bio-based 1,4-butanediol Market Report 2023-2029”, published by QYResearch, the global Bio-based 1,4-butanediol market size is projected to reach USD 0.49 billion by 2029, at a CAGR of 22.0% during the forecast period. The global key manufacturers of Bio-based 1,4-butanediol include Novamont SpA, Yuanli Chemical Group, etc. In 2022, the global top three players had a share approximately 100.0% in terms of revenue. Market Drivers: According to surveys, the total global BDO market in 2022 will be 4.1 million tons, and China alone has planned and under-construction production capacity of more than 19 million tons. Bio-based BDO can replace petroleum-based BDO in terms of performance. Although the cost is higher than petroleum-based BDO, the current oil price is high, and the technical competitiveness of bio-based BDO has emerged. With the improvement of later production processes and the increase in production capacity, the cost of bio-BDO will also decrease. In the short term, bio-based 1,4-butanediol cannot replace petroleum-based 1,4-butanediol and will occupy a smaller share of the market in the future, but the potential is huge. Restraint: The current price of bio-based 1,4-butanediol is still several times that of petroleum-based 1,4-butanediol. The biggest problem with bio-based BDO is its price. The production cost of bio-based BDO is higher than that of fossil-source BDO. High, and the lower the oil price, the less competitive it is. However, bio-based materials are still an emerging field. Most bio-based products are more expensive than the same products derived from fossil resources. As the production process improves and production capacity increases, the cost will slowly decrease. The main difficulty in bio-based BDO lies in technological breakthroughs, which include very complex strain screening, technical route verification, etc. For more information, please contact the following e-mail address: Email: global@qyresearch.com Website: https://www.qyresearch.com QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.  | |
| Target Nation: All Nations Target City : All Cities Last Update : 29 March 2024 3:18 AM Number of Views: 67 | Item Owner : Joyce Contact Email: Contact Phone: 13051817187 |
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2024-12-20 (0.225 sec)