Market Research Reports

Butanediol (1,4 BDO & 2,3 BDO), 1,3 Butadiene And Methyl Ethyl Ketone (MEK) Market: Applications (THF, PU, PBT, SBR, ABS, NBR Etc.), Bio-Based Alternatives, Downstream Potential, Market Size And Forecast, 2010 - 2018

89pages
Published Date: 2012-10-17
 

Description





DESCRIPTION

This report covers the global market for butanediol (1,4 butanediol and 2,3 butanediol) along with its demand in regions including North America, Europe, Asia Pacific and Rest of the World (RoW). The report provides in-depth analysis for each application segment along with market estimates and forecast from 2010 to 2018 in terms of volumes and revenues. This report also contains value chain analysis for both synthetic and bio-based butanediol along with the price trend of raw materials used for the production of 1,4 butanediol.  

Worldwide, butanediol market is witnessing a shift towards the use of bio-based 2,3 butanediol, which will not only provide a clean solution for producing 2,3 butanediol but will also provide cost competitiveness to the players involved. This report includes in depth analysis of the potential and emerging market for bio-based 2,3 butanediol. The reports identifies the potential market segments for bio-based 2,3 butanediol as 1,3 butadiene and methyl ethyl ketone (MEK) and further provides the market estimates and forecast from 2010 to 2018 in terms of volumes and revenues for the application segments and geographic segments. 

In order to provide competitive landscape of the market, report includes company market shares for 1,4 butanediol, 1,3 butadiene and methyl ethyl ketone (MEK) along with their company profiles. Some of the companies profiled in this report include BASF, BioAmber, Dow Chemical, Dairen Chemicals, Exxon Mobil Chemicals, Genomatica, International Specialty Products, Invista, LyondellBasell, Mitsubishi Chemicals, Metabolix, Shanxi Sanwei, Shell Chemicals and S.K. Energy. The company profiles in the research report include company overview, financial overview, business strategies and recent developments for each of the companies mentioned above, which will help assessing the competition prevailing in the market. 

We have used a combination of both primary and secondary research for deriving our market numbers for each segment of the research report. We have first derived our market numbers by the means of secondary research for each segment covered in the report and further validated our analysis with C-level executives of major companies operating in the butanediol, butadiene and MEK market.
  
This research is specially designed to estimate and analyze the demand and performance of the 1,4 butanediol, 2,3 butanediol and its downstream applications in a global scenario . The research provides in-depth analysis of butanediol, 1,3 butadiene and MEK manufacturers, sales, trend analysis by segments and demand by geography. The report covers all the major segments of the global synthetic 1,4 butanediol, 2,3 butanediol market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered. It also describes the major potential and emerging applications for both bio-based 1,4 butanediol and 2,3 butanediol. The study presents a comprehensive assessment of the stakeholder strategies winning imperatives for them by segmenting the 1,4 butanediol, 1,3 butadiene and MEK market as below:

1,4 Butanediol Market, by Application:
  • Tetrahydrofuran
  • Polybutylene Teraphthalate  
  • Gamma-Butyrolactone(GBL)
  • Polyurethanes 

1,3 Butadiene Market, by Application:
  • Styrene-Butadiene Rubber (SBR)
  • Butadiene Rubber
  • SB Latex
  • Acrylonitrile Butadiene Styrene (ABS)
  • Hexamethylenediamine
  • Nitrile Butadiene Rubber (NBR)
  • Others 

Methyl-Ethyl Ketone (MEK) Market, by Application:
  • Paints and Coatings
  • Printing Inks
  • Others
The report provides a cross-sectional analysis of all the above segments with respect to following geographical markets:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Table of Contents




TABLE OF CONTENTS

CHAPTER 1 PREFACE
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY

CHAPTER 2 EXECUTIVE SUMMARY AND MARKET OVERVIEW

CHAPTER 3 MARKET ANALYSIS
3.1 INTRODUCTION
3.2 VALUE CHAIN ANALYSIS
      3.2.1 SYNTHETIC 1,4 BUTANEDIOL VALUE CHAIN ANALYSIS
      3.2.2 SYNTHETIC 2,3 BUTANEDIOL VALUE CHAIN ANALYSIS
3.3 MARKET DRIVERS
      3.3.1 GROWTH OF GLOBAL FOOTWEAR MARKET
      3.3.2 GROWTH OF GLOBAL SPORTS APPARELS MARKET
3.4 RESTRAINTS
      3.4.1 VOLATILITY IN RAW MATERIAL PRICES
      3.4.2 REGULATORY ISSUES
3.5 OPPORTUNITIES
      3.5.1 DEVELOPMENT OF BIO-BASED 1,4 BUTANEDIOL
3.6 RAW MATERIAL TRENDS
3.7 PORTER’S FIVE FORCE ANALYSIS
      3.7.1 BARGAINING POWER OF SUPPLIERS
      3.7.2 BARGAINING POWER OF BUYERS
      3.7.3 THREAT FROM NEW ENTRANTS
      3.7.4 THREAT FROM SUBSTITUTES
      3.7.5 DEGREE OF COMPETITION
3.8 COMPANY MARKET SHARE ANALYSIS
      3.8.1 1,4 BUTANEDIOL
      3.8.2 1,3 BUTADIENE
      3.8.3 METHYL ETHYL KETONE (MEK) 
3.9  MARKET ATTRACTIVENESS ANALYSIS 
3.10  MARKET ESTIMATE AND FORECAST

CHAPTER 4 GLOBAL 1,4 BUTANEDIOL MARKET ANALYSIS
4.1 INTRODUCTION
4.2 INDUSTRY DEFINITION & CLASSIFICATION
4.3 1,4 BUTANEDIOL MARKET, BY APPLICATION
      4.3.1 1,4 BUTANEDIOL: APPLICATION OVERVIEW
               4.3.1.1 Global 1,4 butanediol market volume shares by application 2011 - 2018 (Kilo Tons)
      4.3.2 TETRAHYDROFURAN
              4.3.2.1 Tetrahydrofuran as an application of 1,4 BDO market estimates and forecast 2010 – 2018, (Kilo Tons) (USD Million)
      4.3.3 POLYBUTYLENE TEREPHTHALATE (PBT)
              4.3.3.1 Polybutylene terephthalate as an application of 1,4 BDO market estimates and forecast 2010 – 2018, (Kilo Tons) (USD Million)
      4.3.4 GAMMABUTYROLACTONE (GBL)
              4.3.4.1 Gammabutyrolactone (GBL)as an application of 1,4 BDO market estimates and forecast 2010 – 2018, (Kilo Tons) (USD Million)
      4.3.5 POLYURETHANES
              4.3.5.1 Polyurethanes as an application of 1,4 BDO market estimates and forecast 2010 – 2018, (Kilo Tons) (USD Million)
      4.3.6 OTHER
              4.3.6.1 Other applications of 1,4 BDO market estimates and forecast 2010 – 2018, (Kilo Tons) (USD Million)
4.4 GLOBAL 1,4 BUTANEDIOL MARKET, BY GEOGRAPHY
      4.4.1 1,4 BUTANEDIOL MARKET: GEOGRAPHIC OVERVIEW
              4.4.1.1 Global 1,4 butanediol market volume shares, by geography  2011 - 2018 (Kilo Tons)
      4.4.2 NORTH AMERICA
              4.4.2.1 North America 1,4 butanediol market estimates and forecast, 2010-2018, (Kilo Tons), (USD Million)
      4.4.3 EUROPE
              4.4.3.1 Europe 1,4 butanediol market estimates and forecast, 2010-2018, (Kilo Tons), (USD Million)
      4.4.4 ASIA PACIFIC
              4.4.4.1 Asia Pacific 1,4 butanediol market estimates and forecast, 2010-2018, (Kilo Tons), (USD Million)
      4.4.5 REST OF THE WORLD (ROW)
              4.4.5.1 RoW 1,4 butanediol market estimates and forecast, 2010-2018, (Kilo Tons), (USD Million)
4.5 BIO-BASED ROUTES FOR 1,4 BUTANEDIOL
      4.5.1 BIO-BASED 1,4 BUTANEDIOL VALUE CHAIN ANALYSIS
      4.5.2 CURRENT R&D SCENARIO AND RECENT DEVELOPMENTS
      4.5.3 POTENTIAL DOWNSTREAM APPLICATIONS

CHAPTER 5 GLOBAL 2,3 BUTANEDIOL MARKET ANALYSIS
5.1 INTRODUCTION
5.2 SYNTHETIC 2,3 BUTANEDIOL CURRENT MARKET DEMAND
      5.2.1 SYNTHETIC 2,3 BUTANEDIOL MARKET DEMAND, 2010 – 2018 (KILO TONS)
5.3 BIO-BASED 2,3 BUTANEDIOL
      5.3.1 INTRODUCTION
      5.3.2 CURRENT MARKET SCENARIO AND ROUTES UNDER INVESTIGATION
      5.3.3 RECENT MARKET DEVELOPMENTS
      5.3.4 EMERGING AND POTENTIAL APPLICATIONS
              5.3.4.1 1,3 Butadiene
              5.3.4.2 Methyl ethyl ketone (MEK)
5.4 1,3 BUTADIENE MARKET OVERVIEW
      5.4.1 INTRODUCTION
      5.4.2 1,3 BUTADIENE MARKET, BY APPLICATION
               5.4.2.1 1,3 Butadiene market: Application overview
                          5.4.2.1.1 1,3 Butadiene market volume shares by applications, 2011-2018 (Kilo Tons)
               5.4.2.2 Styrene-butadiene rubber (SBR)
                          5.4.2.2.1 SBR as an application of 1,3 butadiene market estimates and forecast, 2010 – 2018 (Kilo Tons), (USD Million)
               5.4.2.3 Butadiene rubber
                          5.4.2.3.1 Butadiene rubber as an application of 1,3 butadiene market estimates and forecast, 2010 – 2018 (Kilo Tons), (USD Million)
               5.4.2.4 Styrene-butadiene latex
                          5.4.2.4.1 SB latex as an application of 1,3 butadiene market estimates and forecast, 2010 – 2018 (Kilo Tons), (USD Million)
               5.4.2.5 Acrylonitrile-butadiene styrene (ABS)
                          5.4.2.5.1 ABS as an application of 1,3 butadiene market estimates and forecast, 2010 – 2018 (Kilo Tons), (USD Million)
               5.4.2.6 Hexamethylenediamine (HMDA)
                          5.4.2.6.1 HMDA as an application of 1,3 butadiene market estimates and forecast, 2010 – 2018 (Kilo Tons), (USD Million)
               5.4.2.7 Nitrile butadiene rubber (NBR)
                          5.4.2.7.1 NBR as an application of 1,3 butadiene market estimates and forecast, 2010 – 2018 (Kilo Tons), (USD Million)
               5.4.2.8 Other
                          5.4.2.8.1 Other applications of 1,3 butadiene market estimates and forecast, 2010 – 2018 (Kilo Tons), (USD Million)
      5.4.3 1,3 BUTADIENE MARKET, BY GEOGRAPHY
              5.4.3.1 1,3 butadiene market: Geographic overview
                         5.4.3.1.1 1,3 Butadiene market volume shares by geography, 2011-2018 (Kilo Tons)
              5.4.3.2 North America
                         5.4.3.2.1 North America 1,3 butadiene market estimates and forecasts, 2010 – 2018 (Kilo Tons), (USD Million)
              5.4.3.3 Europe
                         5.4.3.3.1 Europe 1,3 butadiene market estimates and forecasts, 2010 – 2018 (Kilo Tons), (USD Million)
              5.4.3.4 Asia Pacific
                         5.4.3.4.1 Asia Pacific 1,3 butadiene market estimates and forecasts, 2010 – 2018 (Kilo Tons), (USD Million)
              5.4.3.5 Rest of the World (RoW)
                         5.4.3.5.1 RoW 1,3 butadiene market estimates and forecasts, 2010 – 2018 (Kilo Tons), (USD Million)
5.5 METHYL ETHYL KETONE (MEK) MARKET OVERVIEW
      5.5.1 INTRODUCTION
      5.5.2 METHYL ETHYLE KETONE (MEK) MARKET, BY APPLICATION
              5.5.2.1 MEK market: Application overview
                         5.5.2.1.1 MEK market volume shares by applications, 2011-2018 (Kilo Tons)
              5.5.2.2 Paints and coatings
                         5.5.2.2.1 Paints and coatings as an application of MEK market estimates and forecast, 2010 – 2018 (Kilo Tons), (USD Million)
              5.5.2.3 Printing inks
                         5.5.2.3.1 Printing inks as an application of MEK market estimates and forecast, 2010 – 2018 (Kilo Tons), (USD million)
              5.5.2.4 Other
                         5.5.2.4.1 Other applications of MEK market estimates and forecast, 2010 – 2018 (Kilo Tons), (USD million)
      5.5.3 METHYL ETHYL KETONE (MEK) MARKET, BY GEOGRAPHY
              5.5.3.1 MEK market: Geographic overview
                         5.5.3.1.1 MEK market volume shares by geography, 2011-2018 (Kilo Tons)
              5.5.3.2 North America
                         5.5.3.2.1 North America MEK market estimates and forecasts, 2010 – 2018 (Kilo Tons), (USD Million)
              5.5.3.3 Europe
                         5.5.3.3.1 Europe MEK market estimates and forecasts, 2010 – 2018 (Kilo Tons), (USD Million)
              5.5.3.4 Asia Pacific
                         5.5.3.4.1 Asia Pacific MEK market estimates and forecasts, 2010 – 2018 (Kilo Tons), (USD Million)
              5.5.3.5 Rest of the World (RoW)
                         5.5.3.5.1 RoW MEK market estimates and forecasts, 2010 – 2018 (Kilo Tons), (USD Million)

CHAPTER 6 COMPANY PROFILES
6.1 BASF SE
      6.1.1 COMPANY OVERVIEW
      6.1.2 FINANCIAL OVERVIEW
      6.1.3 BUSINESS STRATEGIES
      6.1.4 RECENT DEVELOPMENTS
6.2 BIOAMBER
      6.2.1 COMPANY OVERVIEW
      6.2.2 FINANCIAL OVERVIEW
      6.2.3 BUSINESS STRATEGIES
      6.2.4 RECENT DEVELOPMENTS
6.3 DOW CHEMICALS
      6.3.1 COMPANY OVERVIEW
      6.3.2 FINANCIAL OVERVIEW
      6.3.3 BUSINESS STRATEGIES
      6.3.4 RECENT DEVELOPMENTS
6.4 DAIREN CHEMICALS
      6.4.1 COMPANY OVERVIEW
      6.4.2 FINANCIAL OVERVIEW
      6.4.3 BUSINESS STRATEGIES
      6.4.4 RECENT DEVELOPMENTS
6.5 EXXON MOBIL CHEMICALS
      6.5.1 COMPANY OVERVIEW
      6.5.2 FINANCIAL OVERVIEW
      6.5.3 BUSINESS STRATEGIES
      6.5.4 RECENT DEVELOPMENTS
6.6 GENOMATICA
      6.6.1 COMPANY OVERVIEW
      6.6.2 FINANCIAL OVERVIEW
      6.6.3 BUSINESS STRATEGIES
      6.6.4 RECENT DEVELOPMENTS
6.7 INTERNATIONAL SPECIALTY PRODUCTS
      6.7.1 COMPANY OVERVIEW
      6.7.2 FINANCIAL OVERVIEW
      6.7.3 BUSINESS STRATEGIES
      6.7.4 RECENT DEVELOPMENTS
6.8 INVISTA
      6.8.1 COMPANY OVERVIEW
      6.8.2 FINANCIAL OVERVIEW
      6.8.3 BUSINESS STRATEGIES
      6.8.4 RECENT DEVELOPMENTS
6.9 LYONDELLBASELL
      6.9.1 COMPANY OVERVIEW
      6.9.2 FINANCIAL OVERVIEW
      6.9.3 BUSINESS STRATEGIES
      6.9.4 RECENT DEVELOPMENTS
6.10 MITSUBISHI CHEMICALS
      6.10.1 COMPANY OVERVIEW
      6.10.2 FINANCIAL OVERVIEW
      6.10.3 BUSINESS STRATEGIES
      6.10.4 RECENT DEVELOPMENTS
6.11 METABOLIX
      6.11.1 COMPANY OVERVIEW
      6.11.2 FINANCIAL OVERVIEW
      6.11.3 BUSINESS STRATEGIES
      6.11.4 RECENT DEVELOPMENTS
6.12 SHANXI SANWEI GROUP
6.12.1 COMPANY OVERVIEW
6.12.2 FINANCIAL OVERVIEW
6.12.3 BUSINESS STRATEGIES
6.12.4 RECENT DEVELOPMENTS
6.13 SHELL CHEMICALS
6.13.1 COMPANY OVERVIEW
6.13.2 FINANCIAL OVERVIEW
6.13.3 BUSINESS STRATEGIES
6.13.4 RECENT DEVELOPMENTS
6.14 SK ENERGY
6.14.1 COMPANY OVERVIEW
6.14.2 FINANCIAL OVERVIEW
6.14.3 BUSINESS STRATEGIES
6.14.4 RECENT DEVELOPMENTS

LIST OF FIGURES

FIG. 1 GLOBAL SYNTHETIC 1,4 BUTANEDIOL MARKET, 2010-2018 (KILO TONS), (USD MILLION)
FIG. 2 SYNTHETIC 1,4 BUTANEDIOL VALUE CHAIN ANALYSIS
FIG. 3 SYNTHETIC 2,3 BUTANEDIOL VALUE CHAIN ANALYSIS
FIG. 4 GLOBAL FOOTWEAR MARKET, 2011-2018 (USD BILLION)
FIG. 5 GLOBAL SPORTS APPARELS MARKET, 2011 – 2018 (USD BILLION)
FIG. 6 ACETYLENE PRICE TREND, 2009 – 2012
FIG. 7 PORTER’S FIVE FORCES ANALYSIS
FIG. 8 GLOBAL 1,4 BUTANEDIOL MARKET VOLUME SHARES BY APPLICATION 2011 - 2018 (KILO TONS)
FIG. 9 TETRA HYDROFURAN AS AN APPLICATION OF 1,4 BDO MARKET ESTIMATES AND FORECAST 2010 – 2018, (KILO TONS) (USD MILLION)
FIG. 10 POLYBUTYLENE TEREPHTHALATE (PBT) AS AN APPLICATION OF 1,4 BDO MARKET ESTIMATES AND FORECAST 2010 – 2018, (KILO TONS) (USD MILLION)
FIG. 11 GAMMABUTYROLACTONE (GBL) AS AN APPLICATION OF 1,4 BDO MARKET ESTIMATES AND FORECAST 2010 – 2018, (KILO TONS) (USD MILLION)
FIG. 12 POLYURETHANES AS AN APPLICATION OF 1,4 BDO MARKET ESTIMATES AND FORECAST 2010 – 2018, (KILO TONS) (USD MILLION)
FIG. 13 OTHER APPLICATIONS OF 1,4 BDO MARKET ESTIMATES AND FORECAST 2010 – 2018, (KILO TONS) (USD MILLION)
FIG. 14 GLOBAL 1,4 BDO MARKET VOLUME SHARES, BY GEOGRAPHY 2011 – 2018 (KILO TONS)
FIG. 15 NORTH AMERICA 1,4 BUTANEDIOL MARKET ESTIMATES AND FORECAST, 2010-2018, (KILO TONS), (USD MILLION)
FIG. 16 EUROPE 1,4 BUTANEDIOL MARKET ESTIMATES AND FORECAST, 2010-2018, (KILO TONS), (USD MILLION)
FIG. 17 ASIA PACIFIC 1,4 BUTANEDIOL MARKET ESTIMATES AND FORECAST, 2010-2018, (KILO TONS), (USD MILLION)
FIG. 18 ROW 1,4 BUTANEDIOL MARKET ESTIMATES AND FORECAST, 2010-2018, (KILO TONS), (USD MILLION)
FIG. 19 BIO-BASED 1,4 BUTANEDIOL VALUE CHAIN ANALYSIS
FIG. 20 SYNTHETIC 2,3 BUTANEDIOL MARKET DEMAND, 2010 – 2018 (KILO TONS)
FIG. 21 1,3 BUTADIENE MARKET VOLUME SHARES BY APPLICATIONS, 2011-2018 (KILO TONS)
FIG. 22 SBR AS AN APPLICATION OF 1,3 BUTADIENE MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
FIG. 23 BUTADIENE RUBBER AS AN APPLICATION OF 1,3 BUTADIENE MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
FIG. 24 SB LATEX AS AN APPLICATION OF 1,3 BUTADIENE MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
FIG. 25 ABS AS AN APPLICATION OF 1,3 BUTADIENE MARKET ESTIMATES AND FORECAST, 2010– 2018 (KILO TONS), (USD MILLION)
FIG. 26 HMDA AS AN APPLICATION OF 1,3 BUTADIENE MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
FIG. 27 NBR AS AN APPLICATION OF 1,3 BUTADIENE MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
FIG. 28 OTHER APPLICATIONS OF 1,3 BUTADIENE MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
FIG. 29 1,3 BUTADIENE MARKET VOLUME SHARES BY GEOGRAPHY, 2011-2018 (KILO TONS)
FIG. 30 NORTH AMERICA 1,3 BUTADIENE MARKET ESTIMATES AND FORECASTS, 2010 – 2018 (KILO TONS), (USD MILLION)
FIG. 31 EUROPE 1,3 BUTADIENE MARKET ESTIMATES AND FORECASTS, 2010 – 2018 (KILO TONS), (USD MILLION)
FIG. 32 ASIA PACIFIC 1,3 BUTADIENE MARKET ESTIMATES AND FORECASTS, 2010 – 2018 (KILO TONS), (USD MILLION)
FIG. 33 ROW 1,3 BUTADIENE MARKET ESTIMATES AND FORECASTS, 2010 – 2018 (KILO TONS), (USD MILLION)
FIG. 34 MEK MARKET VOLUME SHARES BY APPLICATIONS, 2011-2018 (KILO TONS)
FIG. 35 PAINTS AND COATINGS AS AN APPLICATION OF MEK MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
FIG. 36 PRINTING INKSAS AN APPLICATION OF MEK MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
FIG. 37 OTHER APPLICATIONS OF MEK MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
FIG. 38 MEK MARKET VOLUME SHARES BY GEOGRAPHY, 2011-2018 (KILO TONS)
FIG. 39 NORTH AMERICA MEK MARKET ESTIMATES AND FORECASTS, 2010 – 2018 (KILO TONS), (USD MILLION)
FIG. 40 EUROPE MEK MARKET ESTIMATES AND FORECASTS, 2010 – 2018 (KILO TONS), (USD MILLION)
FIG. 41 ASIA PACIFIC MEK MARKET ESTIMATES AND FORECASTS, 2010 – 2018 (KILO TONS), (USD MILLION)
FIG. 42 ROW MEK MARKET ESTIMATES AND FORECASTS, 2010 – 2018 (KILO TONS), (USD MILLION)

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Free Market Analysis




The global demand for 1, 4 butanediol was estimated at 2,357.3 kilo tons in 2010 and is expected to grow at a CAGR of 5% from 2012 to 2018. The global market for 2, 3-butanediol was estimated at over 55 kilo tons in 2010 and is expected to grow at a CAGR of 3.2% from 2013 to 2018. 

The market for 1, 4 BDO is primarily driven by the growth of global sportswear and footwear market. However, the volatile nature of raw material prices and the regulatory issues regarding the impact of using synthetic 1, 4 butanediol on environment are acting as some of the major factors inhibiting the growth of global 1, 4 butanediol market. In order to minimize these concerns, the world is shifting towards development and commercialization of bio-based 1, 4 butanediol, owing to its environmental friendly nature. 

Bio-based 2, 3 butanediol is capable of replacing the market of its synthetic counterpart. One potential market for bio-based 2, 3 butanediol is for the production of 1, 3 butadiene. Synthetic 2, 3-butanediol is not a very large or attractive market due to its unique structure and costly chemical synthesis. Also, there is a huge difficulty in separating the intermediate into downstream derivatives such as butadiene, methyl ethyl ketone (MEK) and butenes. 2, 3-butanediol has not been produced on a large scale due to its high price (USD 15,788/ton) which also leads to inadequate development of its application. Therefore, although the fermentation process of 2, 3-butanediol has reached the level of the alcohol industry, it has not been industrialized.

gammabutyrolactone-(gbl)-as-an-application-of-1-4-bdo-market-estimates-and-forecast

The global market for gamma-butyrolactone (GBL) as an application of 1,4-butanediol was estimated 327.4 kilo tons in 2011, which corresponded to USD 812.8 Million in revenues for the same year.
 

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