인도의 부탄디올 시장 : 플랜트 생산능력, 생산, 생산효율, 수요, 공급, 최종 용도, 응용 분야, 판매 채널, 지역, 경쟁, 무역, 고객, 가격 분석
India Butanediol Market Analysis: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, End Use, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030
인도의 부탄디올 수요는 2015-2020년간 4%의 연평균 복합 성장률(CAGR)로 성장하여 2030년에까지 꾸준한 성장률을 나타낼 것으로 예측됩니다. 인도의 부탄디올 산업은 아직 초기 단계에 있습니다. THF(Tetrahydrofuran), PTMEG (Poly-tetramethyl-Ether-Glycol), GBL(Gamma-butyrolactone) 등 유도체의 화학제품 산업에서의 수요 증가가 인도 부탄올 시장의 성장을 촉진할 전망입니다. 현재 중국이 인도 부탄디올 수요의 대부분을 충족시키고 있으며, 인도의 부탄디올 가격은 중국이 설정하는 가격에 따르고 있습니다. 인도 국내의 부탄디올 생산 설비가 부족한 점, 제조 기술의 혁신 등을 고려하면 향후 인도의 부탄디올 수요는 증가할 것으로 예측되고 있습니다.
인도의 부탄디올(Butanediol) 시장을 조사했으며, 시장 개요, 최종 용도·그레이드·판매 채널·지역별 수요 전망, 생산능력, 가격 동향, 수급 동향, 경쟁 상황, 기업 개요 등을 정리하여 전해드립니다.
India Butanediol (BDO) market demand in India stood at 12.44 Thousand Tonnes in FY2021 and is forecast to reach 22.32 Thousand Tonnes by FY2030, growing at a healthy CAGR of 6.71% until FY2030. Although the Indian Butanediol industry is still in its nascent phase, the increasing demand in the chemical industry for manufacturing derivatives such as THF(Tetrahydrofuran), PTMEG (Poly-tetramethyl-Ether-Glycol), and GBL(Gamma-butyrolactone) is likely to drive the overall BDO market. Butanediol demand/supply balance plays a crucial role in deciding domestic BDO prices which remained lower in 2015 due to world overcapacity but have declined since then due to an increase in feedstock prices.
China is currently the largest manufacturer satisfying the country's majority of BDO demand which produces more than 50 percent of the commodity. Hence, India's Butanediol prices follow the trend set by China. Increasing use of Butanediol in manufacturing engineering plastics, polybutylene terephthalate, and its applications in manufacturing polyurethane are set to fuel 1,4- Butanediol's global demand. Additionally, 2,3-Butanediol is used as a precursor to manufacture methyl ethyl ketone which is majorly used as a food additive. Increased production cost is one of the major factors which hinders domestic players from entering the Butanediol market. This opens the way for the development of cost-effective methods for the production of the commodity. As the demand for products from natural sources continues to grow, 2,3-Butanediol produced through fermentation of natural products has a vast potential in its manufacturing sector with a variety of applications in pharmaceuticals, fragrance, and food industry.
India's overall Butanediol demand is anticipated to grow in the future considering the lack of domestic manufacturing units and innovations in the manufacturing techniques which are still being evaluated by major players in this sector. New capacity for BDO and derivatives in the APAC could stimulate the market and encourage new investment in derivatives. India has a strong history of polyester fiber production and could emerge as a major PBT and spandex producer.
The COVID-19 pandemic significantly reduced the demand for butanediol as production activities halted for a temporary period. Changing consumer preferences and reduced use of plastic for packaging further led to weakened demand for butanediol.
Historical Years: FY2015- FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023 - FY2030
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Major players operating globally in this market include Germany-based BASF, Taiwan-based Dairen Chemical Corporation (DCC), the U.S.-based LyondellBasell, and others. No domestic manufacturers are currently operating in the Indian market; hence the entire demand is being met through imports.
To extract data for the India Butanediol market, primary research surveys were conducted with Butanediol manufacturers, suppliers, distributors, wholesalers, and end-users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for the India Butanediol market over the coming years.
ChemAnalyst calculated Butanediol demand in India by analyzing the historical data and demand forecast was carried out considering acetylene prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Butanediol manufacturers, distributors, and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
In this report, the India Butanediol market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Market, by End Use- Process Chemicals, Plastics, Food Additives, Cosmetics, Pesticides & Others
Market, by Application- Thinner, Solvents, Stripper, Supplements, GBL, GHB & Others
Market, by Sales Channel- Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region- North, West, East, and South
With the given market data, ChemAnalyst offers customizations according to a company's specific needs.