The global 1,4 butanediol market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.
1,4 butanediol (C4H10O2) is a colorless, oily, and viscous liquid with high solubility in water and other chemicals. It is a primary alcohol and an organic compound produced from petroleum-based substrates such as acetylene, butane, propylene, and butadiene. It is widely used in industrial settings as a solvent and in the manufacturing of some types of plastics, elastic fibers, and polyurethanes. 1,4 butanediol is also used as a raw material in both the organic and fine chemical industries for its excellent environmental characteristics and minimal health risks to workers. As a result, it finds extensive applications across the textile, automotive, chemical, electrical and electronics, papermaking, healthcare, and pharmaceutical industries.
1,4 Butanediol Market Trends:
Significant growth in the automotive industry across the globe is creating a positive outlook for the market. 1,4 butanediol is widely used to produce polybutylene terephthalate (PBT) that allows weight reduction, shock absorption for bumpers, energy absorption, and improves tracking resistance for a range of high-voltage automotive components. In line with this, the widespread product utilization to manufacture polyurethane foams used in most vehicles' seats, armrests, and headrests, where their cushioning properties help reduce the fatigue and stress associated with driving, is acting as another growth-inducing factor. Moreover, the increasing product demand in the industrial sector to produce floor strippers, paint thinners, and other solvent goods is favoring the market growth. Apart from this, the introduction of bio-BDO (bio-butanediol) due to the increasing environmental concerns and depletion of non-renewable resources, such as natural gas and crude oil, is providing an impetus to the market growth. Additionally, the rising product demand in the chemical sector to manufacture derivates, including tetrahydrofuran (THF), gamma-butyrolactone (GBL), and polyurethane (PU), is propelling the market growth. Other factors, including the widespread product utilization to replace illicit chemicals, extensive research and development (R&D) activities, and increasing awareness regarding the processing and utility benefits of the product, are supporting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global 1,4 butanediolmarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, derivative and end use industry.
Breakup by Type:
Breakup by Derivative:
Polybutylene Terephthalate (PBT)
Breakup by End Use Industry:
Healthcare and Pharmaceutical
Electrical and Electronics
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Ashland Inc., BASF SE, China Petroleum & Chemical Corporation (China Petrochemical Corporation), Dairen Chemical Corporation, Genomatica Inc, KH Chemicals BV (Ravago S.A.), Lanxess AG, LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, Nan Ya Plastics Corporation, Shanxi Sanwei Group Co. Ltd., Sipchem Company and Xinjiang Blue Ridge Tunhe Sci.&Tech. Co. Ltd.
Base Year of the Analysis
Type, Derivative, End Use Industry, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Ashland Inc., BASF SE, China Petroleum & Chemical Corporation (China Petrochemical Corporation), Dairen Chemical Corporation, Genomatica Inc, KH Chemicals BV (Ravago S.A.), Lanxess AG, LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, Nan Ya Plastics Corporation, Shanxi Sanwei Group Co. Ltd., Sipchem Company and Xinjiang Blue Ridge Tunhe Sci.&Tech. Co. Ltd.
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Key Questions Answered in This Report
The global 1,4 butanediol market was valued at US$ 7.2 Billion in 2022.
We expect the global 1,4 butanediol market to exhibit a CAGR of 6.4% during 2023-2028.
The rising demand for 1,4 butanediol as a raw material in various industries, including healthcare, textile, pharmaceuticals, consumer electronics, automotive, chemical, etc., owing to its excellent environmental characteristics and minimal health risks to workers, is primarily driving the global 1,4 butanediol market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for 1,4 butanediol.
Based on the derivative, the global 1,4 butanediol market has been segregated into Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethane (PU), and others. Among these, Tetrahydrofuran (THF) currently exhibits a clear dominance in the market.
Based on the end use industry, the global 1,4 butanediol market can be bifurcated into textile, automotive, healthcare and pharmaceutical, electrical and electronics, and others. Currently, the textile industry holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global 1,4 butanediol market include Ashland Inc., BASF SE, China Petroleum & Chemical Corporation (China Petrochemical Corporation), Dairen Chemical Corporation, Genomatica Inc, KH Chemicals BV (Ravago S.A.), Lanxess AG, LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, Nan Ya Plastics Corporation, Shanxi Sanwei Group Co. Ltd., Sipchem Company, and Xinjiang Blue Ridge Tunhe Sci.&Tech. Co. Ltd.
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