Advertisements

(I-BusinessNews.Com, June 25, 2019 ) The bio-based 1,4-butanediol market is expected to grow at a CAGR of above 7% during the forecast period of 2019 – 2024. The major factors driving the growth of market studied are the increasing demand for polybutylene terephthalate (PBT) from various industries, and stringent government regulations. On the flipside, huge competition from fossil-fuel products remains a concern for the studied market.

– Automotive segment dominated the market in 2018 and is likely to grow during the forecast period, with increase in demand for application in vehicles.
– The shift of focus towards eco-friendly products, increasing research to develop bio-based PBT, and technological advancements are likely to provide opportunities for the studied market during the forecast period.
– Asia-Pacific dominated the market across the globe, where the demand is driven by the growing usage in industries, such as automotive, electronics, and consumer appliances.

Request a sample of Bio-Based 1, 4-Butanediol Market report @ http://www.arcognizance.com/enquiry-sample/453935

Key Market Trends
Automotive Segment to Dominate the Market Demand

– 1,4-butanediol is heavily required in the production of PBT, which is then used in automotive production.
– With the growing environment regulations and focus towards developing eco-friendly products, 1,4-butanediol market has also been turning to the bio-based materials for production of 1,4-butanediol.
– Thus, bio-based 1,4-butadeniol application in the production of PBT has also been increasing simultaneously.
– PBT is a semi-crystalline, white or off-white thermoplastic polyester with higher impact strength, better electrical resistance, and exceptional chemical resistance. Such properties of PBT makes it widely suitable for application in automotive industry.
– PBT is used in both interior and exterior applications, especially in electrical systems of the automotive industry.
– The automotive industry has been witnessing strong growth in investment and production in Asia-Pacific countries, such as India, Indonesia, Malaysia, and Thailand.
– Besides, regions, such as North America and Europe have been investing in innovation & development of cars with efficient and more environment friendly materials.
– Such practices in the automotive industry are expected to drive the demand of PBT for automotive application across the globe, which is further likely to increase the demand for the studied market in the coming years.

Asia-Pacific Region to Dominate the Market

– Asia-Pacific region dominated the global market share in 2018. The demand for market studied is driven by the growing demand from industries, such as automotive, electronics, and consumer appliances.
– In Asia-Pacific, the automotive production has been increasing in the countries, such as India, Indonesia, Malaysia, and Thailand. Besides, China is the largest automotive producer in the world, which is now focusing on the development of electric vehicles.
– The region is witnessing numerous investments by the global automakers, like BMW, Hyundai Motors, and Honda into the automotive industry to increase production, and cater to the increasing automotive demand of the masses in the region.
– Besides, China has the world’s largest electronics production base. Electronic products, such as smartphones, OLED TVs, tablets, wires, cables, earphones, and so on, have the highest growth in the electronics segment. With increase in the disposable income of middle-class population in the country, and increasing demand for electronic products in the countries importing electronic products from China, the production of electronics has been increasing.
– In India, the government has also been pushing the growth of electronic industry through initiatives, such as a Phased Manufacturing Programme (PMP) to add more smartphone components under the “Make in India” initiative in order to push the domestic manufacturing of mobile handsets.
– Besides, with increasing income of the population, the demand for consumer appliances, such as air-conditioners, fridge, washing machines, microwaves, etc. have noticeable demand in the region, which is further driving the growth of consumer appliances market.
– Hence, all such favorable market trends are expected to drive the demand for bio-based 1,4-butanediol for raw material applications in the region during the forecast period.

Access this report of Bio-Based 1, 4-Butanediol Market @ http://arcognizance.com/report/bio-based-1-4-butanediol-market-growth-trends-and-forecast-2019-2024

Competitive Landscape
The bio-based 1,4-butanediol market is a fragmented market, where numerous players hold insignificant share of the market demand to affect the market dynamics individually. Some of the noticeable players in the market include DSM N.V., BASF SE, Novamount SpA, Ashland, and Mitsubishi Chemical Corporation, amongst others.

Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support

Buy The Report @ http://www.arcognizance.com/purchase/453935

Major Point of TOC:

Chapter One: INTRODUCTION

Chapter Two: RESEARCH METHODOLOGY

Chapter Three: EXECUTIVE SUMMARY

Chapter Four: MARKET DYNAMICS

Chapter Five: MARKET SEGMENTATION

Chapter Six: Competitive Landscape

Chapter Seven: MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Shift in Focus toward Eco-friendly Products
7.2 Increasing Research to Develop Bio-based PBT
7.3 Technological Advancements

Request a sample of Bio-Based 1, 4-Butanediol Market report @ http://www.arcognizance.com/enquiry-sample/453935

About Us:
www.arcognizance.com is an initiation in this new era of “analysis @ thought.” We are on a mission to replace the conventional research programs and give way to the latest methods and information for the organizations. We have created this hub of analytical research papers where you can get an access to the latest and the best research papers coming out from some reliable and budding research houses. After the advent of “new analytics””based on the data collection facilities of big data, the face of “”business research facilities”” has changed drastically. With ARC our experts have created a bookshelf where you can check out the research reports that are an outcome of the progression of knowledge in various industry sectors. Alongside you can also check some research papers, market reports, and forecasts that are talking about the “”out of the box””developments in the market.

Contact US:
Name: Analytical research cognizance
Address: 100 Church Street,
8th floor, Manhattan,
New York 10007
Phone: +1 (646) 434-7969 +91 90967 44448
Email: enquiry@arcognizance.com

Analytical Research Cognizance
Avanti dengale
16464347969
avanti.dengale@arcognizance.com

Source: EmailWire.Com

Advertisements
%d bloggers like this: