1,4-Butanediol Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Derivative (Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethane (PU), Others), By End User Industry (Automotive, Healthcare and Pharmaceuticals, Textile, Electrical and Electronics, Others), By Region and Competition 2018-2028

  • Industry : Chemicals
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 6.68 billion

CAGR (2023-2028)

4.35%

Fastest Growing Segment

Healthcare and Pharmaceuticals

Largest Market

Asia Pacific


Market Overview

Global 1,4-Butanediol Market has valued at USD 6.68 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.35% through 2028. The growth of the market is primarily attributed to the wide range of applications of tetrahydrofuran (THF), polybutylene terephthalate (PBT), and polyurethane (PU) in various industrial processes. Additionally, the increasing demand for spandex in textiles has contributed to the market expansion. Tetrahydrofuran, a colorless liquid derived from butane, is considered one of the most stable isomers of butanediol. To produce 1,4 butanediol (BDO), the Reppe process is widely practiced by major industry players like BASF and DuPont. This method involves the reaction of acetylene with formaldehyde. Notably, these 1,4 BDO product suppliers have integrated backward to start producing their own raw materials.

This strategic move has significantly reduced logistics costs and procurement hassles for these companies, ensuring a consistent supply of high-quality materials throughout the production process. Furthermore, the market is expected to witness significant growth due to the increasing global focus on green chemistry. Major market participants such as BioAmber, Genomatica, and Myriant are actively developing alternative, bio-based processing technologies, which are anticipated to drive market growth in the forecast period. Investments in sustainable technologies are also expected to boost existing processes, improving overall efficiency and sustainability. 

A notable process technology gaining popularity is the Davy process, also known as the Maleic anhydride-based process. This method has gained traction in recent years due to its reduced complexity, equipment requirements, and capital costs. In the Davy process, maleic anhydride is converted into an ester, which then undergoes fixed-bed hydrogenolysis to produce a mixture of 1,4 BDO, THF, and GBL. BASF, for example, has integrated the Davy process with Huntsman Mars V/VI in Kuantan, Malaysia, to reduce production costs and penetrate the highly profitable Asia Pacific market. In addition to these established technologies, recent advancements such as the hydrogenation of succinic acid, fermentation of sugars, and esterification have also transformed the 1,4 BDO industry, adding further diversity and potential for growth.

Key Market Drivers

Growing Demand of 1,4-Butanediol from Automotive Industry

1,4-Butanediol (BDO) is a vital raw material extensively used in the production of high-performance plastics, including polybutylene terephthalate (PBT) and polyurethanes (PU). These plastics exhibit exceptional mechanical properties, heat and chemical resistance, and fuel efficiency due to their lightweight composition. As a result, they have become indispensable in the automotive industry.

The surge in demand for high-performance plastics in the automotive sector can be attributed to stringent government regulations aimed at reducing vehicle emissions and improving fuel efficiency. In response to these regulations, the use of BDO-derived products in the manufacturing of various automotive components, such as car bumpers, braking systems, and electrical insulators, has witnessed a significant increase.

Looking to the future, the 1,4-Butanediol market appears promising, with the growing demand from the automotive industry acting as a key driver of its growth. As the automotive industry continues to evolve towards more sustainable and efficient solutions, the demand for BDO and its derivatives is expected to rise further.

However, it is important for players in the BDO market to remain mindful of potential challenges. Price volatility of raw materials and environmental concerns surrounding BDO production are among the key challenges that need to be addressed for sustainable growth in the market.

In conclusion, the increasing demand for 1,4-Butanediol from the automotive industry is not only driving the growth of the global BDO market but also presenting numerous opportunities for innovation and expansion. With ongoing advancements in the automotive sector, this trend is expected to persist, shaping the future of the BDO market.

Growing Demand of 1,4-Butanediol from Healthcare Industry

1,4-Butanediol (BDO) plays a crucial role in the healthcare industry as a vital raw material for producing polyurethanes (PU). These polyurethanes are then utilized in various medical devices such as catheters, surgical drains, and pacemaker leads. Additionally, BDO is also utilized in the manufacturing of polybutylene terephthalate (PBT), a specific type of plastic that finds applications in the production of precision instruments.

The demand for these materials in the healthcare industry is steadily growing, driven by factors such as an aging population, advancements in healthcare infrastructure, and rapid technological innovations in medical devices. As a result, the demand for BDO, as a critical component in the manufacturing of these materials, is experiencing an upward trajectory.

However, it is important to acknowledge and address potential challenges associated with the BDO market. One such challenge is the volatility of raw material prices, which can impact the overall supply chain and market dynamics. Additionally, there is a need to focus on environmental concerns related to BDO production in order to ensure sustainable growth in the market.

In conclusion, the increasing demand for 1,4-Butanediol from the healthcare industry serves as a significant driver for the global BDO market. This trend not only presents numerous opportunities for growth and innovation in the BDO market but also paves the way for future developments and advancements in healthcare technologies.


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Key Market Challenges

Volatility in Price of Raw Materials

1,4-Butanediol (BDO) is an important chemical compound that is synthesized industrially from butadiene and acetylene, along with other feedstocks. These feedstocks are subject to price fluctuations influenced by various factors, including changes in crude oil prices, production capacity, market demand, and geopolitical tensions.

The volatility in the prices of these raw materials directly impacts the cost of producing BDO. As a result, it affects the profitability of manufacturers in the BDO industry. The unpredictability in costs adds an additional layer of complexity for manufacturers, making it challenging for them to plan their production and pricing strategies effectively.

Moreover, any increase in the price of raw materials often leads to a subsequent increase in the price of BDO. This price increase can have consequences for end-use industries that rely on BDO as a key ingredient in their products. It may discourage them from incorporating BDO into their formulations, which, in turn, can impact the overall demand for BDO.

Considering the intricate relationship between raw material prices, production costs, and market dynamics, it becomes crucial for BDO manufacturers to closely monitor and analyze these factors to navigate the ever-changing landscape of the BDO industry successfully.

Key Market Trends

Growing Demand of 1,4-Butanediol in Polymers

1,4-Butanediol, also known as BDO, plays a critical role as an intermediate in the production of polymers. It serves as a fundamental raw material for synthesizing tetrahydrofuran (THF), a widely used solvent in the manufacturing of spandex fibers, and polybutylene terephthalate (PBT), a high-performance plastic with exceptional properties. These materials have found extensive application across various industries, including automotive, electrical, and textiles, due to their remarkable durability, efficiency, and performance.

The expanding market for 1,4-Butanediol is not only driving the demand for BDO but also fostering innovation and research in its applications. This, in turn, contributes to the development of new and improved manufacturing processes and end-products. As industries continue to seek advanced materials that offer both sustainability and superior performance, the demand for 1,4-Butanediol and its derivatives is expected to witness continued growth and expansion.

Looking into the future, the 1,4-Butanediol market appears promising, with the increasing demand for BDO in polymer production being a key driving force behind its growth. The trend toward utilizing high-performance materials in various industries is expected to persist, further fueling the demand for 1,4-Butanediol and its derivatives.

However, it is important to address potential challenges such as price volatility of raw materials and environmental concerns associated with BDO production for sustainable growth in the market. By implementing efficient and eco-friendly practices, the industry can ensure long-term viability and contribute to a more sustainable future.

In conclusion, the growing demand for 1,4-Butanediol in polymer production is a significant trend in the global BDO market. As advancements continue to unfold across diverse industries, this trend is expected to persist, offering numerous opportunities for growth, innovation, and collaboration within the BDO market.

Segmental Insights

Derivative Insights

Based on the category of derivative, the tetrahydrofuran (THF) segment emerged as the dominant player in the global market for 1,4-Butanediol in 2022. Tetrahydrofuran (THF) is a versatile compound with a wide range of applications. It is commonly used in the preparation of adhesives, special paints, coatings, and plastics. Its unique properties make it an ideal solvent for the extraction of specific active ingredients and the recrystallization of certain chemicals. In addition, THF serves as a starting medium for various syntheses and reactions in the chemical industry.

One notable transformation of THF is its conversion into a linear polymer called poly (tetramethylene ether) glycol (PTMEG). This polymer is widely used in the development of elastomeric polyurethane fibers, including the popular spandex material. The flexibility and durability provided by PTMEG make it a sought-after component in the textile industry.

Beyond its role in fiber production, THF finds application in the manufacture of varnishes and as an industrial solvent for polyvinyl chloride (PVC). The compatibility of THF with PVC allows for efficient processing and enhances the overall performance of the final product.

With the increasing use of 1,4-butanediol in conjunction with Tetrahydrofuran (THF), the market for THF is expected to witness significant growth in the forecast period. The combined utilization of these compounds opens up new possibilities for innovative products and advancements in various industries.

End User Industry Insights

The automotive segment is projected to experience rapid growth during the forecast period. The demand for 1, 4 butanediol has seen a significant shift towards bio-based materials due to the growing emphasis on environmental legislation and the desire to create eco-friendly products. This trend is particularly noticeable in the production of PBT, a semi-crystalline, white, or off-white thermoplastic polyester. PBT offers higher impact resistance, excellent electrical resistance, and outstanding chemical resistance, making it highly sought after for various applications in the automotive industry.

In the production of automobiles, 1, 4 butanediol plays a crucial role as a key ingredient in the manufacturing process of PBT. PBT is extensively used in both interior and exterior applications, especially in automotive electrical systems. The adoption of such practices in the automotive industry is expected to drive the demand for PBT for automotive applications worldwide, leading to a further increase in the market demand for 1, 4 butanediol in the coming years.


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Regional Insights

Asia Pacific emerged as the dominant player in the Global 1,4-Butanediol Market in 2022, holding the largest market share in terms of both value and volume. The demand for 1, 4 Butanediol market is driven by the increasing demand from various end use industries. In the Asia-Pacific region, automotive production in countries such as India, Indonesia, Malaysia, and Thailand has been steadily rising. China, being the world's largest automotive producer, is now focusing on electric vehicle development to meet the growing demand and environmental concerns. The region is witnessing numerous investments in the automotive industry by global automakers, such as BMW, Hyundai Motors, and Honda, who are expanding their production capabilities to cater to the increasing demand for automobiles among the region's masses.

According to the International Trade Administration, China is not only the largest automotive market in the world but also foresees car production to reach 30 million units by 2020, and 35 million by 2025. Moreover, India has emerged as the fourth-largest car market, with sales experiencing an impressive 8.3% year-on-year growth, reaching 3.99 million units in 2018, according to the India Brand Equity Foundation. Additionally, India has also established itself as the seventh-largest industrial vehicle producer, further contributing to the region's automotive industry growth.

Recent Developments

  • In April 2021, Xinjiang Guotai Xinhua Chemical Co. Ltd embarked on the ambitious Coal-based Fine Chemicals Circular Economy Industrial Park Phase II project. This groundbreaking initiative aims to revolutionize the production of acetylene and formaldehyde through the implementation of a cutting-edge dry acetylene plant and a state-of-the-art formaldehyde plant. Additionally, the company plans to utilize the innovative methanol cracking method to generate hydrogen, which will further be utilized in the production of 1,4 butanediol (BDO) using the acetylene aldehyde method. Upon completion, this visionary project is set to yield a staggering 100,000 tons of 1,4 butanediol (BDO) while also generating a by-product of 1,200 tons of butanol.
  • BASF SE, a global leader in the chemical industry, proudly announced the successful realization of its investment in a new 1,4 butanediol plant in China in 2021. With an impressive annual production capacity of 100,000 metric tons, this state-of-the-art facility places BASF at the forefront of meeting the surging demand for 1,4 butanediol in the Asia Pacific region. This strategic move not only showcases BASF's commitment to innovation but also reinforces its position as a key player in the ever-evolving chemical market.
  • In 2020, Dairen Chemical Corporation, a prominent name in the chemical industry, unveiled its strategic plans to expand its 1,4 butanediol production capacity in Taiwan. This ambitious expansion project aims to add an additional 20,000 metric tons per year, effectively addressing the escalating demand for 1,4 butanediol in the Asia Pacific region. By solidifying its position in the market, Dairen Chemical Corporation is poised to play a pivotal role in meeting the evolving needs of various industries.
  • Building on its commitment to innovation, BASF SE introduced BDO X, a revolutionary grade of 1,4 butanediol in 2021. Designed specifically for use in the manufacturing of polyurethane elastomers, BDO X offers superior mechanical qualities and processing efficiency compared to regular 1,4 butanediol. This game-changing product not only pushes the boundaries of performance but also opens up new possibilities for the production of high-quality, durable polyurethane elastomers.
  • In 2020, Ashland Global Holdings Inc., a leading provider of specialty chemicals, proudly unveiled N-Methyl-2-Pyrrolidone (NMP), a groundbreaking grade of 1,4 butanediol. Developed for use in the manufacturing of high-performance composites, NMP surpasses typical 1,4 butanediol in terms of solvent resistance and heat stability. This innovative solution not only meets the stringent demands of the composites industry but also paves the way for the creation of cutting-edge, technologically advanced materials.

Key Market Players

  • Ashland Inc.
  • LyondellBasell Industries Holdings BV
  • Mitsubishi Chemical Corporation
  • NAN YA PLASTICS CORPORATION
  • SINOPEC YIZHENG CHEMICAL FIBRE LIMITED LIABILITY COMPANY
  • Shanxi Sanwei Group Co. Ltd

 By Derivative

By End User Industry

By Region
  • Tetrahydrofuran (THF)
  • Polybutylene Terephthalate (PBT)
  • Gamma-Butyrolactone (GBL)
  • Polyurethane (PU)
  • Others
  • Automotive
  • Healthcare and Pharmaceuticals
  • Textile
  • Electrical and Electronics
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa
Report Scope:

In this report, the Global 1,4-Butanediol Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • 1,4-Butanediol Market, By Derivative:

o   Tetrahydrofuran (THF)

o   Polybutylene Terephthalate (PBT)

o   Gamma-Butyrolactone (GBL)

o   Polyurethane (PU)

o   Others

  • 1,4-Butanediol Market, By End User Industry:

o   Automotive

o   Healthcare and Pharmaceuticals

o   Textile

o   Electrical and Electronics

o   Others

  • 1,4-Butanediol Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global 1,4-Butanediol Market.

Available Customizations:

Global 1,4-Butanediol Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global 1,4-Butanediol Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]                

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology     

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Applications

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Impact of COVID-19 on Global 1,4-Butanediol Market

5.    Voice of Customer

6.    Global 1,4-Butanediol Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Derivative (Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethane (PU), Others)

6.2.2.     By End user Industry (Automotive, Healthcare and Pharmaceuticals, Textile, Electrical and Electronics, Others)

6.2.3.     By Region

6.2.4.     By Company (2022)

6.3.  Market Map

7.    Asia Pacific 1,4-Butanediol Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Derivative

7.2.2.     By End user Industry

7.2.3.     By Country

7.3.  Asia Pacific: Country Analysis

7.3.1.     China 1,4-Butanediol Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value & Volume

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Derivative

7.3.1.2.2.             By End user Industry

7.3.2.     India 1,4-Butanediol Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value & Volume

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Derivative

7.3.2.2.2.             By End user Industry

7.3.3.     Australia 1,4-Butanediol Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value & Volume

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Derivative

7.3.3.2.2.             By End user Industry

7.3.4.     Japan 1,4-Butanediol Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value & Volume

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Derivative

7.3.4.2.2.             By End user Industry

7.3.5.     South Korea 1,4-Butanediol Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value & Volume

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Derivative

7.3.5.2.2.             By End user Industry

8.    Europe 1,4-Butanediol Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Derivative

8.2.2.     By End user Industry

8.2.3.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France 1,4-Butanediol Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value & Volume

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Derivative

8.3.1.2.2.             By End user Industry

8.3.2.     Germany 1,4-Butanediol Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value & Volume

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Derivative

8.3.2.2.2.             By End user Industry

8.3.3.     Spain 1,4-Butanediol Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value & Volume

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Derivative

8.3.3.2.2.             By End user Industry

8.3.4.     Italy 1,4-Butanediol Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value & Volume

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Derivative

8.3.4.2.2.             By End user Industry

8.3.5.     United Kingdom 1,4-Butanediol Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value & Volume

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Derivative

8.3.5.2.2.             By End user Industry

8.3.5.2.3.             B

9.    North America 1,4-Butanediol Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Derivative

9.2.2.     By End user Industry

9.2.3.     By Country

9.3.  North America: Country Analysis

9.3.1.     United States 1,4-Butanediol Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value & Volume

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Derivative

9.3.1.2.2.             By End user Industry

9.3.2.     Mexico 1,4-Butanediol Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value & Volume

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Derivative

9.3.2.2.2.             By End user Industry

9.3.3.     Canada 1,4-Butanediol Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value & Volume

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Derivative

9.3.3.2.2.             By End user Industry

10.  South America 1,4-Butanediol Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Derivative

10.2.2.  By End user Industry

10.2.3.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil 1,4-Butanediol Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value & Volume

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Derivative

10.3.1.2.2.           By End user Industry

10.3.2.  Argentina 1,4-Butanediol Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value & Volume

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Derivative

10.3.2.2.2.           By End user Industry

10.3.3.  Colombia 1,4-Butanediol Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value & Volume

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Derivative

10.3.3.2.2.           By End user Industry

11.  Middle East and Africa 1,4-Butanediol Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Derivative

11.2.2.  By End user Industry

11.2.3.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa 1,4-Butanediol Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value & Volume

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Derivative

11.3.1.2.2.           By End user Industry

11.3.2.  Saudi Arabia 1,4-Butanediol Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value & Volume

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Derivative

11.3.2.2.2.           By End user Industry

11.3.3.  UAE 1,4-Butanediol Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value & Volume

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Derivative

11.3.3.2.2.           By End user Industry

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

13.1.              Recent Developments

13.2.              Product Launches

13.3.              Mergers & Acquisitions

14.  Global 1,4-Butanediol Market: SWOT Analysis

15.  Porter’s Five Forces Analysis

15.1.              Competition in the Industry

15.2.              Potential of New Entrants

15.3.              Power of Suppliers

15.4.              Power of Customers

15.5.              Threat of Substitute Product

16.  PESTLE Analysis

17.  Pricing Analysis

18.  Competitive Landscape

18.1.              Ashland Inc.

18.1.1.  Business Overview

18.1.2.  Company Snapshot

18.1.3.  Products & Services

18.1.4.  Financials (As Reported)

18.1.5.  Recent Developments

18.1.6.  SWOT Analysis

18.1.7.  BASF SE

18.2.              LyondellBasell Industries Holdings BV

18.3.              Mitsubishi Chemical Corporation

18.4.              NAN YA PLASTICS CORPORATION

18.5.              SINOPEC YIZHENG CHEMICAL FIBRE LIMITED LIABILITY COMPANY

18.6.              Shanxi Sanwei Group Co. Ltd

19.  Strategic Recommendations

20.  About Us & Disclaimer

 

Figures and Tables

Frequently asked questions

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The market size of the Global 1,4-Butanediol Market was estimated to be USD 6.68 billion in 2022.

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The automotive segment demonstrated significant dominance in 2022. PBT is widely used in vehicle industries for energy absorption, weight reduction, shock resistance, and improved safety.

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Asia Pacific dominated the market with a revenue share in 2022 because of expanding sectors, including electronics, leather, and electronics, among others, which have high 1,4 Butanediol (BDO) demand.

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Growing demand of 1,4-butanediol in automotive and healthcare industries are the major drivers for the Global 1,4-Butanediol Market.

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Press Release

1,4-Butanediol Market to Grow with a CAGR of 4.35% through 2028

Oct, 2023

Increasing demand of polyurethane (PU) are expected to drive the Global 1,4-Butanediol Market growth in the forecast period, 2024-2028

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