1,4-Butanediol Market Research Report- Forecast to 2030

1, 4-Butanediol Market Information- by Applications (PBT (PolyButylene Terephthalate), THF (Tetrahydrofuran), GBL (Gamma butyrolactone), Polyurethane and others) and Region - Forecast to 2030

ID: MRFR/CnM/1711-HCR | December 2022 | Region: Global | 105 Pages         

1, 4-Butanediol Market

1, 4-Butanediol Market is projected to be worth 11.1 billion by 2030, registering a CAGR of 8.18% during the forecast period (2022 - 2030).

Segmentation

By Applications PBT (PolyButylene Terephthalate) THF (Tetrahydrofuran) GBL (Gamma butyrolactone) Polyurethane others

Key Players

  • BASF SE
  • Mitsubishi Chemical Corporation
  • Ashland Inc
  • Bioamber Inc
  • Sipchem
  • LyondellBasell Industries N.V
  • ExxonMobil Chemicals
  • others

Drivers

  • Increasing applications of 1
  • 4-Butanediol in various industrial processes
  • The growing demand for spandex in textiles\r\n
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1,4-Butanediol Market Overview


1,4-Butanediol market is expected to grow CAGR 8.18% during the forecast period. 1,4 Butanediol usually called BD is a primary alcohol and also an organic compound used in the production of many industrial purposes like makeup, plastics, medicine, pesticides, solvents, and so on. The1,4 Butanediol equation formula is HOCH2CH2CH2CH2OH. The general usage of 1,4 Butanediol in the sectors of medicinal and Industrial, manufacturing is the major factor that drives the market growth of 1,4 Butanediol. 
 
The butanediol is a flexible and elastic diol precursor that might be used to create different derivatives like esters, polyesters, carbamates, and urethanes. This is deployed as a co-monomer in the existing diol-condensation methods with the acid of terephthalic to create polybutylene terephthalate, with the component of di-isocyanates to generate polyurethanes, and with the presence of diacids to create biodegradable polyesters. In small doses, 1,4-butanediol is not noxious. When it comes with a large dose, the drug could cause vomiting, nausea, dizziness, vertigo, drowsiness, or even death. When coupled with alcohol, it could cause anxiolytic effects that are reversed and adverse effects are aggravated.
 
1,4-butanediol is a chemical. Widely used in the production of Floor strippers, emulsions, paint thinner, and other solvent-based goods are produced using it in the business sector of industries. Customer preference toward eco-friendly products is anticipated to create a huge market opportunity for the butanediol market in the future years.

Regional Analysis of Global 1, 4-Butanediol Market: 


Globally, Asia Pacific emerged as the largest 1, 4-Butanediol consumer in recent years, with highest volume share in 2016. Major key players of the market of developed countries are focusing on various strategies they are utilizing  low cost labor & resources in emerging economies such as India, Vietnam, Malaysia, Thailand and Indonesia. The region is expected to grow at the highest CAGR from 2016 to 2025. Central & South America is anticipated to remain a fast-growing market.  North America and Europe will have sluggish growth rate, owing to end-use industry major economies such as the U.S. and Canada


Key Players 


The key players in market includes BASF SE, Mitsubishi Chemical Corporation, Ashland Inc, Bioamber Inc, Sipchem, LyondellBasell Industries N.V, ExxonMobil Chemicals, and others.


Geographic Analysis


The report covers brief analysis of geographical region includes


North America



  • US

  • Canada


Europe



  • Germany

  • France

  • Italy

  • Netherlands

  • U.K.

  • Rest of Europe


APAC



  • China

  • India

  • Japan

  • Rest of Asia-Pacific


RoW



  • South America

  • Middle East

  • Africa


Study Objectives of  Global 1,4 butanediol  Market:



  • To study detail of global 1, 4-Butanediol market by application and by region in forecasted period 2022.

  • To identify the market dynamics of global 1, 4-Butanediol market dynamics by drivers, restrains, opportunities and challenges.

  • To analyze various factors like value chain analysis and porters five forces model.

  • To provide historical and forecast revenue of market segment with respect to North America, Europe, APAC and RoW.

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

  • To track mergers and acquisitions, strategic alliances, new product development of specified company.


Recent Development


In the year 2021, HELM and Cargill decided to construct a bio-oriented intermediate manufacture firm at Cargill’s biotechnology campus and also a corn refining process operation in Eddyville, located in Iowa. The plant might be completed and working in 2024 to reach the demands of the product in the process of supply chains.


In the year 2021, Xinjiang Guotai Xinhua Chemical Company limited company begin the Coal-type Fine Chemicals Circular Economy in Industrial Park Phase II project to generate formaldehyde and acetylene through a formaldehyde plant and dry acetylene plant and manufacture hydrogen via methanol cracking technique. 


Intended Audience:



  • Manufacturers and distributors of 1, 4-Butanediol.

  • Suppliers and traders of 1, 4-Butanediol.

  • Government, associations and industrial bodies.

  • Investors and Trade experts.

  • Consulting in chemical experts



Report Scope:

Report Attribute/Metric Details
  Market Size   2030 : Significant value
  CAGR   8.18% (2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Applications and By Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   BASF SE, Mitsubishi Chemical Corporation, Ashland Inc, Bioamber Inc, Sipchem, LyondellBasell Industries N.V, ExxonMobil Chemicals, and others.
  Key Market Opportunities   Major players are shifting their production plant in emerging economies
  Key Market Drivers

  • Increasing applications of 1, 4-Butanediol in various industrial processes
  • The growing demand for spandex in textiles\r\n


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    Frequently Asked Questions (FAQ) :

    1,4-Butadeniol market CAGR would be 8.18% during the forecast period.

    The growing demand for it in textiles will boost 4-Butadeniol market.

    The Asia Pacific region will lead the global 1,4-Butadeniol market.

    The players in the 1,4-Butadeniol market are Ashland Inc, Bioamber Inc, Sipchem, BASF SE, Mitsubishi Chemical Corporation, ExxonMobil Chemicals, LyondellBasell Industries N.V, and others.

    The growing demand for sustainable products would boost 1.4-Butadeniol market.