1,4 Butanediol (BDO) Market Growth, Services, Sales and Overview To 2014 - 2025
The global 1,4 butanediol (BDO) market is projected to reach USD 12.6 billion by 2025, according to a new report by Radiant insights, inc. Pioneers of bio-based technologies such as Geomatica and BioAmber have paved the path for sustainable BDO production from renewable feedstock, which has influenced consumption patterns in recent years. Companies are increasingly adopting good manufacturing practices and integrating advanced production technologies to comply with transitioning regulatory framework and consumer specifications. Producers have shifted their focus towards sustainable production and boosted the reliance on natural & renewable resources to eliminate wastage & pollution. Tetrahydrofuran (THF) was the dominant application in 2015, occupying over 48% of the revenue share. THF is mostly utilized to derive PTMEG, which is then further processed into spandex fibers for sportswear, medical & automotive interiors. Transitioning consumer lifestyles are encouraging ...