SAN FRANCISCO, September 22, 2015 /PRNewswire/ --
The global 1,4-butanediol market is expected to reach USD 6.95 billion by 2020, according to a new report by Grand View Research, Inc. Rising spandex and tetrahydrofuran demand for sports apparels is anticipated to fuel Butanediol industry over the forecast period. Upcoming sports events such as FIFA World Cup 2018 and Olympics 2016 are anticipated to fuel infrastructure development in Brazil and Russia, which is estimated to drive the product demand over the forecast period. Increasing polyurethane demand from various end-use industries such as footwear, construction, and automotive, particularly in Asia Pacific and Latin America is also expected to have a positive impact on market growth.
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Volatile raw material prices are expected to hinder market profitability over the forecast period. To overcome challenges, key industry participants have shifted their focus towards developing bio-based alternatives at competitive prices to synthetic BDO.
Browse full research report with TOC on "1,4-Butanediol (BDO) Market Analysis By Application (Tetrahydrofuran, Polybutylene Teraphthalate, Gamma-Butyrolactone & Polyurethanes), And Segment Forecasts To 2020" at: http://www.grandviewresearch.com/industry-analysis/1-4-butanediol-market
Tetrahydrofuran emerged as the largest application segment and accounted for over 29% of the global market demand in 2013. This segment is expected to gain share over the next five years on account of high demand from key end-use industries. Polyurethane is anticipated to be the fastest growing segment on account of growing construction industry in Asia Pacific and Central & South America. This segment is anticipated to grow at an estimated CAGR of 5.1% from 2014 to 2020.
Further key findings from the report suggest:
Grand View Research has segmented the 1,4-butanediol market on the basis of application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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