The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growing automotive sector is likely to stimulate innovation in 1, 4 butanediol production, propelling the market during the forecast period.

The global 1, 4 butanediol market is expected to grow from $8.19 billion in 2022 to $8.89 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The global 1,4 butanediol market size is expected to reach $11.93 billion in 2027 at a CAGR of 7.6%.

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 Global 1, 4 Butanediol Market Segments Include:

• By Type: Synthetic, Bio Based
• By Application: Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma Butyrolactone (GBL), Polyurethane (PU), Others
• By End-Use: Chemical, Sports, Automotive, Electronic, Footwear, Others
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global 1, 4 butanediol market in 2021.

Major Market Players in the 1, 4 butanediol market include BioAmber Inc., BASF SE, Ashland Inc., Mitsubishi Chemical Corporation, SK Global Chemical Co Ltd., Dairen Chemical Corporation, LyondellBasell Industries NV, Dow Inc.

Product innovation is a significant trend that is gaining traction in the 1,4-butanediol market. Major players in the 1,4-butanediol market are focusing on producing innovative products to increase their market position. Yuanli Chemical Group Co., Ltd., a China-based firm principally concerned in the creation, manufacturing, and marketing of fine chemicals, for example, launched bio-BDO in May 2022. Bio-BDO has numerous potential applications, including Spandex, biodegradable polymers, polyurethane, shoe materials, and innovative energy batteries. Bio-BDO has the advantages of being green, renewable, energy-efficient, and emission-reducing, and is a green product to meet the development criterion of carbon emission reduction, providing new possibilities for users.

The 1, 4 Butanediol Global Market Report 2023  provides a 1, 4 butanediol market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The 1, 4 butanediol market forecast analyzes 1, 4 butanediol market size, 1, 4 butanediol market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

1,4-Butanediol is a colourless, water-soluble, viscous fluid with a high point of boiling (230°C) at room temperature that is utilised as a source of gamma-hydroxybutyrate (GHB), a euphoric and sedative recreational drug. It is also used in the synthesis of other chemical molecules, particularly oxolane (also known as tetrahydrofuran, or THF). It has the properties of a protic solvent, a prodrug, and a neurotoxic.

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