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1,4-butanediol (BDO) industry market in-depth analysis
1,4-butanediol, commonly known as BD, is an organic compound with the molecular formula HOCH2CH2CH2CH2OH. It is a colorless viscous liquid. It is one of the four stable isomers of butanediol.
1,4-butanediol (BDO) is an important organic and fine chemical raw material, widely used in medicine, chemical, textile and daily chemical industries. In recent years, with the increasing demand for my country's downstream products of BDO, polytetrahydrofuran (PTMEG), polybutylene terephthalate (PBT), γ-butyrolactone and polyurethane resin, many domestic enterprises have implemented plans for new or expansion of BDO, and new projects have emerged like mushrooms after a rain. Due to the influence of various factors such as the gradual reduction of investment and technical thresholds, rapid development of downstream demand, and imbalance in production areas, my country will still have multiple new or expanded 1,4-butylene glycol devices in the next few years.
According to data, my country's BDO production showed a steady growth trend overall from 2016 to 2020, and market price changes were relatively stable. Since 2021, due to the increase in PBAT production capacity, the market expects a significant increase in demand. The market price increased by more than 150% in just 2 months, resulting in a significant increase in market enthusiasm and a significant increase in operating rate. Subsequently, the price experienced a sharp decline in April and July and then rebounded again, and continued to maintain a high level until the end of the year. The price throughout the year ended at the end of 2021, with an average annual price of 25,152 yuan/ton, a month-on-month increase of 171.8%, and the high point of 31,000 yuan/ton in the year has set a new record for the past decade. Overall, the rise in BDO prices in 2021 brought about an increase in the overall operating rate of the industry, and output increased significantly, reaching 1.76 million tons, an increase of more than 20% year-on-year compared with 2020.
In 2020, affected by the epidemic, my country's 1,4-butanediol (BDO) was hit, and both production, sales and prices showed a decline. However, in 2021, due to the demand from downstream industries and the market price of BDO increased on a large scale, the market size of the BDO industry in 2021 reached 44 billion yuan, a year-on-year increase of 2.6 times. my country is a major producer of 1,4-butanediol in the world. At this stage, there are about 20 1,4-butanediol in my country, with more than 70% of the number of enterprises in China. The largest domestic 1,4-butanediol in production include Xinjiang Meike, Sinopec Great Wall Energy and Chemical, Xinjiang Tianye , Xinjiang Cathay, Lanshan Tunhe , etc. Overall, at this stage, the production and demand of my country's 1,4-butanediol industry is relatively balanced, and competition among related production enterprises is fierce, and new enterprises have little room for development and are more difficult.
1,4-butanediol (BDO) industry development direction forecast
Currently, the 1,4-butanediol market economic benefits are very considerable. The production technology cost of this product is relatively low, and the market is in short supply. Therefore, a large number of new and expanded 1,4-butanediol projects have emerged. However, these projects basically use acetal alkane method technology, and the production process consumes a lot of energy and pollution is serious. It is recommended to introduce new technologies to adapt to the country's demand for energy conservation and emission reduction, green, and low-carbon economic development of ; at the same time, it is also necessary to extend the downstream product chain of 1,4-butanediol to avoid oversupply in the market and be able to cope with risks.
According to the current plan, domestic BDO production is expected to reach about 3 million tons by 2026, and traditional downstream PTMEG, PBTh and GBL are likely to grow steadily. If the development of biodegradable plastics is not considered, the 1,4-butanediol (BDO) industry is expected to remain oversupply.
For more information on research and analysis of this industry, please refer to Zhiyanzhan Industrial Research Institute "China 1,4-Butanediol (BDO) Industry Market Analysis and Development Prospects Forecast Report". At the same time, Zhiyanzhan Industrial Research Institute also provides solutions such as industrial big data, industrial research, policy research, industrial chain consultation, industrial map, industrial planning, park planning, , industrial investment promotion, IPO investment and investment feasibility research, IPO business and technology writing, IPO working paper consultation and other solutions.
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