Saudi Arabia 1,4 Butanediol Market Outlook

saudi arabia has experienced tremendous growth in its economy and population over the last few years, leading to increased demand for 1,4 butanediol (bdo). demand for bdo is primarily driven by its use in polyurethane foam production as a polyol and by the textile industry. the country is the third-largest producer and consumer of bdo in the middle east, and is projected to remain so until 2032. the saudi government actively supports expansion of the petrochemical and specialty chemicals industry in the country, with strategic investments and initiatives such as the in-kingdom total value add program. such initiatives are expected to positively affect the country’s petrochemical and specialty chemicals industry, thereby demonstrating a positive outlook for the demand of 1,4 butanediol in the country. furthermore, the country’s growing construction sector is also expected to drive the demand for polyurethane foam and consequently 1,4 butanediol in the country. the pla... stics industry is a key end-user of 1,4 butanediol in saudi arabia, and the government has implemented initiatives to develop the sector, including investment in industrial parks and special economic-zones. this is expected to help in the development of the sector, thereby leading to increased demand for bdo in the country. also, saudi arabia’s strong economic growth is likely to result in an expansion of the automotive sector, which is expected to drive the demand for 1,4 butanediol in the country over the forecast period. the favorable conditions in saudi arabia are expected to result in increasing demand for 1,4 butanediol in the country over the forecast period between 2018 and 2032. moreover, the saudi government’s commitment to improving the country’s infrastructure, focus on developing its plastics industry, and expansion of the automotive sector is likely to trigger increased demand for bdo in the country, making it a lucrative growth market.   Read more