The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Global Bio-Butanediol Market (2024-2030):
According to the latest report, 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. The report demonstrates the prominent factors propelling the exponential growth of the Global Bio-Butanediol Market.
Key Takeaways: Beneficial for Stakeholders and Clients
- Historic Period: 2019-2022
- Base year: 2023
- Forecast Years: 2024-2030
- CAGR (2024-30): 7.5%
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What are the major Driver the Global Bio-Butanediol Market?
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.
Global Bio-Butanediol Market Segmentation
The Global Bio-Butanediol Market analysis of MarkNtel Advisors 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
As per the regional aspect, the Global Bio-Butanediol Market is expected to be dominated by the North America by capturing the potential market share.
Explore further details about this research report- https://www.marknteladvisors.com/research-library/bio-butanediol-market.html
Top Companies in the Global Bio-Butanediol Market
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
Global Bio-Butanediol Industry Recent Development
- In 2023: BASF SE, announced its partnership with Qore LLC to produce bio-based BDO at Cargill’s biotechnology campus and corn refining operation in Eddyville, Iowa.
- In 2022: Lycra Company, announced the world's first large-scale commercial manufacturing of bio-derived spandex using QIRA bio-based 1,4-BDO as one of its key ingredients.
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