China 1,4 Butanediol Market Outlook

china is the world’s leading producer and consumer of 1,4 butanediol (bdo). as an important intermediate chemical, bdo has wide applications in carpet apparent, polyurethanes and spandex fiber production. therefore, the demand of bdo in china has been increasing steadily for the past several years, leading to a higher price and greater import/export flows. from 2018 to 2032, china’s demand of bdo is expected to continue growing robustly. according to market insights, the china’s bdo market will be driven by the increased demand from the downstream sectors such as synthetic fibers, polyurethane, and fuel industries. in addition, the significant expansion in the production of auto components and automotive parts, including steering, catalytic converters, interior trim, and brake lines is likely to boost the demand for bdo in the country. the rising demand from the indian automotive industry will further strengthen the market outlook of bdo in china. moreover, the increasing efforts by the chinese government towards energy conservation and improved air quality standards will result in increased demand for bdo from the bio-based plastics sector. last but not least, the rising demand for high-performance end-use applications of bdo, such as refrigerator insulating materials, plastics and chemicals, and insulation products in mobile devices will further drive the demand for bdo in china. in terms of application, the polyurethane industry segment is anticipated to account for a lion’s share of the total bdo demand in china, followed by the textile & synthetic fibers industry. moreover, the rising demand from the aerospace & defense, automotive, and electrical equipment industries is expected to further contribute to the overall bdo demand in china. overall, the demand of bdo from the chinese market is highly likely to remain strong from 2018 to 2032 and is anticipated to drive the bdo market growth across the globe. with technological advancements and greater awareness about the importance of bdo, the use and demand of this commodity is sure to increase in the upcoming years in china.