2012-11-02 16:39:29 -
Global BDO market to be driven by high growth in developing regions
The global 1,4 butanediol (BDO) market has been forecast to increase at a compound annual growth rate (CAGR) of 5.5% over the next five years, rising from 1,725.0 kilo tons in 2011 to hit 2,548.5 kilo tons by 2017.BDO is the organic compound with the formula HOCH2CH2CH2CH2OH. This colourless, viscous liquid is derived from butane by placement of alcohol groups at each end of the chain and is one of four stable isomers of butanediol.BDO is an organic compound predominantly used as a solvent in industrial cleaners and glue removers like tetrahydrofuran (THF). It is an important intermediate chemical for tetrahydrofuran and polytetramethylene ether glycol (PTMEG), polybutylene terephthalate (PBT), gamma-butyrolactone (GBL), polyurethane (PU), and other solvents. These chemicals are widely
used in fibres, engineering plastics, medicines, cosmetics, artificial leather, pesticides, plasticizers, hardener, solvent and rust remover, etc.BDO was first commercially produced in 1930, by using acetylene and formaldehyde. This process was developed by Dr. Reppe, hence known after his name as Reppe process.Key factors set to drive growth in the global BDO market include the high growth in developing regions, high demand in end-user industries, and high existing production capacities of BDO.Asia-Pacific currently represents the largest region within the global BDO market, accounting for more than 55% of total volume consumed in 2011. ROW is expected to advance at a rapid pace over the next few years and will remain the fastest growing region within the BDO market.Major players within the global BDO market are BASF SE (Germany), Dairen Chemicals (Taiwan), LyondellBasell Chemicals (The Netherlands), Shanxi Sanwei Group (China), International Specialty Products (US), Invista (US), and Mitsubishi Chemicals (Japan).For more information on the global BDO market, see the latest research: Global BDO MarketFollow us on Twitter @CandMResearch
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