DUBLIN, Oct. 17, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global and Chinese 1,4-Butanediol (BDO) Industry Report, 2014-2017." report to their offering.
As an important organic and fine chemical, 1,4-butanediol (BDO) is widely used in pharmaceutical, chemical, textile and household chemical fields.
By the end of September 2014, the BDO capacity worldwide topped around 3.35 million tons, of which about 48% came from Mainland China. Global BDO manufacturers mainly include Taiwan-based Dairen Chemical Corporation (DCC), Germany-based BASF and U.S.-based LyondellBasell, combining 38.5% of total worldwide capacity.
The BDO production process on a global scale is dominated by BASF, U.S.-based ISP and Invista, U.K.-based Davy, Japan's Mitsubishi Chemical, and DCC. In spite of relatively small BDO capacity, Invista, Mitsubishi Chemical and Davy with core production technologies and patents are playing an important role in the global BDO industry by technology transfer or other means.
During 2009-2011, the BDO industry in China faced a tight supply, the rising BDO price drove a large number of enterprises to add or expand capacity projects, which gave rise to the BDO capacity swelling. By the end of September 2014, China's BDO capacity has been around 1.616 million tons, while the severe overcapacity was accompanied by an operating rate (regarding to BDO facilities) of merely 30% or so.
At present, the BDO in Mainland China is mostly manufactured via reppe process and maleic anhydride process, of which maleic anhydride-process BDO makes up roughly 27.5% of capacity. From 2012 onward, due to the stubbornly high price of maleic anhydride, maleic anhydride-process BDO facilities were in the red, basically shut down. While reppe-process BDO facilities are in relatively steady operation, but the profit margin thereof has been sharply reduced.
In the next few years, more new BDO capacities were to be built in Mainland China as it is planned, totaling 1.4 million tons or so, however, against the excess capacity and the sluggish market demand, some projects will probably be put aside or cancelled, and the growth rate of BDO capacity will slacken. In the meantime, the concentration of China's BDO industry is expected to increase step by step. Mainstream manufacturers such as Markor Chem and Shanxi Sanwei will continue to expand their BDO capacities and the BDO facilities of some small producers will be gradually eliminated under cost pressure.
Key Topics Covered:
1 Profile of BDO
2 Overview of Global BDO Industry
3 Overview of China BDO Industry
4 Development of BDO Downstream Industry
5 Major Overseas BDO Manufacturers
6 Major BDO Manufacturers in Mainland China
7 Summary and Forecast
- China New Materials
- Dairen Chemical
- Fujian Meizhouwan
- Guodian Younglight
- Henan Kaixiang
- Hengyuan Coal Industry and Electricity Power
- Inner Mongolia Zhongyuan
- Jianfeng Chemical
- Jiangshan Chemical
- Markor Chem
- Nan Ya Plastics
- Nanjing Bluestar
- Shaanxi BDO
- Shaanxi Ronghe Chemical
- Shandong Weijiao
- Shanxi Sanwei
- Sichuan Tianhua
- Sinopec Sichuan Vinylon Works
- Sinopec Yizheng Chemical Fibre
- Xinjiang Blue Ridge Tunhe Chemical Industry Joint Stock
- Xinjiang Guotai Xinhua Mining
- Xinjiang Tianye
- Yanchang Petroleum
- Yunnan Yunwei
- Zhongjia Huachen Energy
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SOURCE Research and Markets