Global 1, 4 Butanediol, 2, 3 butanediol and 1, 3 butadiene Markets are Expected to reach 2,357.3 kilo tons, 74.4 kilo tons and 14,799.3 kilo tons respectively in 2018: Transparency Market Research
PR Newswire ALBANY, New York, October 17, 2012
ALBANY, New York,October 17, 2012/PRNewswire/ --
According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com)"Butanediol (1,4 BDO & 2,3 BDO), 1,3 Butadiene and M EK Market: Applications (THF, PU, PBT, SBR, ABS, NBR etc.), Bio-based Alternatives, Downstream Potential, Market Size and Forecast, 2010 - 2018", the global market for 1,4 butanediol was estimated to be 1,664 kilo tons in 2010, which is expected to reach 2,357.3 kilo tons by 2018, growing at a CAGR of 4.6% from 2013 to 2018. In terms of revenues, the global market was estimated to be worthUSD 3,660.8 millionin 2010 and is expected to reachUSD 5,940.4 millionby 2018, growing at a CAGR of 5.5% from 2013 to 2018.Asia Pacific with 55.3% of the global market share was estimated to be the largest market for 1,4 butanediol and it is expected to maintain its lead position till 2018. The global market for 2,3 butanediol was estimated to be 58 kilo tons in 2010, which is expected to reach market volumes of 74.4 kilo tons by 2018, growing at a CAGR of 3.2% from 2013 to 2018.
Browse the full report athttp://www.transparencymarketresearch.com/butanedio l-butadiene-and-mek-market.html
The growth of globalfootwear marketand global sports wears market is strengthening the overall market for1,4 butanediol. However, the raw material price and the impact of using synthetic 2,3 butanediol on environment is acting as major barriers to the growth of the global2,3 butanediol market. Owing to these concerns, the world is shifting towards the use of bio-based 2,3 butanediol, which along with providing a clean solution for producing various derivatives of synthetic 2,3 butanediol also provides cost competitiveness due to cheap raw material against their synthetic counterparts. Pioneer companies like LanzaTech and INVISTA are now planning to commercialize their operations by 2014 for producing bio-based 2,3 butanediol.
Another market which is being targeted for bio-based 2,3 butanediol include production of methyl ethyl ketones (MEK). The global market for MEK was estimated to be 1,100 kilo tons in 2010, which is expected to reach 1,488.1 kilo tons by 2018, growing at a CAGR of 4% from 2013 to 2018. In terms of revenues, the global market was estimated to be worthUSD 2,080 millionin 2010 and is expected to reach a market worthUSD 2,929.7 millionby 2018, growing at a CAGR of 4.5% from 2013 to 2018. MEK market is also led by Asia Pacific region with approximately 55.3% of the market share, followed by North America and Europe. Asia Pacific is also the fastest growing market for MEK, at a CAGR of 4.2% from 2013 to 2018. Paints and coating with approximately 57% of overall market, emerged as the biggest application market for MEK in 2011, followed by printing inks.
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This research is specially designed to estimate and analyze the demand and performance of 1,4 butanediol and 2,3 butanediol in global scenario. This research provides in-depth analysis of butanediol manufacturers, trend analysis by segments and demand by geography. The study presents a comprehensive assessment of the stakeholder
strategies and winning imperatives for them by segm enting the market as below:
1,4 Butanediol Market, by Application:
1,3 Butadiene Market, by Application:
-Styrene-Butadiene Rubber (SBR)
-Acrylonitrile Butadiene Styrene (ABS)
-Nitrile Butadiene Rubber (NBR)
Methyl-Ethyl Ketone (MEK) Market, by Application:
-Paints and Coatings
The report provides a cross-sectional analysis of all the above segments with respect to following geographical markets:
Rest of the World (RoW)
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