According to Markntel Advisors Report, Bio-Butanediol Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Bio-butanediol, also known as 1,4-butanediol (BDO), is a chemical compound derived from renewable biomass sources, such as sugars and starches, through microbial fermentation or synthetic biological processes. Bio-butanediol is predominantly utilized in the production of polymers, including polybutylene terephthalate (PBT) and polyurethane (PU), etc., and is extensively used in the automotive, construction, textiles, and electronics industries.
Global Bio-Butanediol Market Research Report & Summary:
The Global Bio-Butanediol Market size is estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30.
Time Period Captured in the Report:
· Historical Years: 2019-22
· Base Years: 2023
· Forecast Years: 2024-30
Who are the Key Players Operating in the Bio-Butanediol Market?
The top companies of the Bio-Butanediol Market ruling the industry are:
BASF SE, Novamont SpA, LCY Chemical, Shandong LanDian Biological Technology Co. Ltd, DSM, Global Bio-Chem, Genomatica, Cargill Incorporated, Mitsubishi Chemical, Bio-Amber, Qira, DuPont, Braskem, DOW, LG Chemical, Others
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What is Included in Bio-Butanediol Market Segmentation?
The Bio-Butanediol Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Source
-Sugar Based- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
-Biomass Based- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
-By Application
-Polytetramethylene Ether Glycol- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
-Tetrahydrofuran (THF) - Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
-Polybutylene Terephthalate (PBT) - Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
-Gamma-Butyrolactone (GBL) - Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
-Polyurethane (PU) - Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
-Others
-By End User
-Automotive- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
-Electrical and Electronics- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
-Packaging- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
-Textile - Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
-Consumer Goods- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
-Others- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Explore the Complete Bio-Butanediol Market Analysis Report – https://www.marknteladvisors.com/research-library/bio-butanediol-market.html
Global Bio-Butanediol Market Driver:
The Surge in Sustainable Electronic Manufacturing Activities to Drive Market Growth – The growing population and urbanization have significantly increased the demand for various electronic appliances across the globe. This surge in electronics needs is leading to a rise in its manufacturing activities, thereby driving an unprecedented demand for various polymers. As consumer electronics become increasingly integrated into daily life, the need for lightweight, durable, and versatile polymers is skyrocketing. Materials like polycarbonate, polyethylene terephthalate (PET), and polypropylene are essential in producing casings, circuit boards, and insulation, which is increasing their demand in electronics manufacturing.
With the surging demand for these materials, the use of bio-butanediol to manufacture these materials is also surging owing to the shifting focus towards sustainable manufacturing of consumer electronic products. Hence, the surging incorporation of bio-butanediol in polymer manufacturing is augmenting the growth of the Bio-Butanediol Market globally.
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