The global Asia Pacific Butanediol Market size was USD 10.84 Billion in 2021 and is expected to register a revenue CAGR of 8.18% during the forecast period. Asia Pacific Butanediol Market revenue growth is primarily driven by factors such as rising demand for spandex fabrics for stretchable apparels in various sectors, increasing use of Tetrahydrofuran (THF) as a small-scale solvent for dissolving photosensitive resins, and a rise in number of construction and architectural development requiring electrical housing. In addition, increasing adoption of Polybutylene Terephthalate (PBT) in the automotive industry for producing car bumpers and metal parts for car engines is another factor projected to drive revenue growth of the market from 2019 to 2030.
Top Companies Operating in the Global Asia Pacific Butanediol Market:
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.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
Spandex, also known as elastane, is a synthetic fiber made of polyurethane, a long chain polymer. Some of the key physical properties that have increased adoption of spandex by garment manufacturers include lightweight, increased elasticity, resistance to perspiration, and robust strength. Sports apparel designers regularly use spandex material due to ease of stretching, which does not restrain movement of sportspersons. This fabric can be obtained from BDO by dehydration of organic compound to THF, which is then polymerized to produce Polytetramethylene Ether Glycol (PTMEG), a raw material of spandex. Resistance to body oils, sweat, blood, detergent, abrasions, and other fluids are increasing adoption of synthetic fabric in medical applications, which is expected to drive market growth over the forecast period.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Asia Pacific Butanediol Market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Asia Pacific Butanediol Market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Asia Pacific Butanediol Market key players
3.2 Global Butanediol size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Asia Pacific Butanediol Market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Asia Pacific Butanediol Market Segmentation
Technology Outlook:
- Davy-McKee Process
- Butadiene Process
- Reppe Process
- Propylene Oxide Process
Application Outlook:
- Poly Butylene Terephthalate (PBT)
- Tetrahydrofuran (THF)
- Polyurethane (PU)
- Gamma-Butyrolactone (GBL)
End-Use Outlook:
- Textile
- Automotive
- Electrical and Electronics
- Agricultural Chemicals
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