1,3-Butanediol for Industrial Market
1,3-Butanediol for Industrial Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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1,3-Butanediol for Industrial Market Size and Growth
1,3-Butanediol is a vital intermediate in the chemical industry, used in solvents, cosmetics, and pharmaceuticals. The global market is projected to reach approximately USD 500 million by 2025, driven by increasing demand for biodegradable solvents and sustainable production. Growth is supported by advancements in manufacturing technologies and expanding industrial applications.
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Companies Covered
(Covid 19 Impact Covered)
◍ OXEA
◍ DAICEL
◍ KH Neochem
◍ Godavari Biorefineries
The competitive landscape of 1,3-Butanediol in the industrial market includes OXEA, DAICEL, KH Neochem, and Godavari Biorefineries. These companies utilize 1,3Butanediol in solvents, plastics, and biofuels, driving market growth through innovation and sustainable practices. Actual sales figures include:
- OXEA: $1.2 billion
- DAICEL: $3.5 billion
- Godavari: $400 million.
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Market Segmentation
By Application
◍ Resin Synthesis
◍ Plasticizer
◍ Alkyd Resin Coatings
◍ High Boiling Point Solvents
By Product
◍ Chemical Synthesis
◍ Fermentation
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Market Growth
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$ X Billion USD
