Global 1, 4 Butanediol Market

What Are The 5 Takeaways From The 1, 4 Butanediol Market Overview 2024

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033


The Business Research Company’s 1, 4 Butanediol Global Market Report 2024 offers crucial insights into the 1, 4 butanediol market help businesses analyse and build stronger strategies.


Driving Forces Behind Market Expansion

The 1,4-Butanediol market has witnessed substantial growth in recent years, fueled by various factors:

  • Demand from PBT Production: The surge in polybutylene terephthalate (PBT) production has been a significant driver.
  • Textile Industry Usage: Increasing usage in the textile industry has contributed to market growth.
  • Expansion in Automotive Sector: Automotive applications, such as urethane elastomers, have boosted market expansion.
  • Rising Demand for THF: Growing demand for tetrahydrofuran (THF) has been another contributing factor.
  • Diverse Applications: Its usage in pharmaceutical and cosmetic products has also propelled market growth.


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Current Market Scenario

  • Strong Growth Projection: The market size is expected to reach $9.61 billion in 2024, with a compound annual growth rate (CAGR) of 8.8%.
  • Continued Growth: Anticipated growth suggests an increase to $13.06 billion by 2028, with a CAGR of 8.0%.
  • Bio-based Production: Growth in bio-based production is expected to play a significant role in the market’s expansion.
  • Expanding Applications: Diverse end-use applications, including polyurethane and resin formulations, are contributing to market growth.
  • Focus on Sustainability: The market is witnessing a shift towards sustainable chemical production methods.


Market Dynamics: Trends and Innovations

  • Market Expansion in Asia-Pacific: The Asia-Pacific region is poised to lead in market expansion.
  • Technological Advancements: Continuous innovations in production technologies are shaping the market landscape.
  • Raw Material Price Fluctuations: Market dynamics are influenced by fluctuations in raw material prices.
  • Product Application Innovations: Innovation in product applications is driving market growth and diversification.


Thriving on Automotive Industry Surge

  • Key Driver: The automotive sector’s growth is a significant catalyst for market expansion.
  • Urethane Elastomers Demand: Various automotive components rely on urethane elastomers derived from 1,4-butanediol.
  • Production Statistics: Production figures from associations like the European Automobile Manufacturers Association reflect the growing demand for automobiles.
  • Market Players: Major companies in the market include BioAmber Inc., BASF SE, and Mitsubishi Chemical Corporation.


Unleashing Innovation for Market Growth

  • Product Innovation: Companies are focusing on innovative product development to enhance market competitiveness.
  • Example: Yuanli Chemical Group Co., Ltd. introduced Bio-BDO, offering eco-friendly alternatives for various applications.
  • Cargill’s Expansion: Cargill’s acquisition of Arkema S.A.’s epoxides business highlights the industry’s shift towards bio-based solutions.


Market Segmentation

  • Type: The market is segmented into synthetic and bio-based variants.
  • Application: Applications include THF, PBT, GBL, PU, among others.
  • End-Use: End-use sectors encompass chemical, sports, automotive, electronics, footwear, and others.


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The 1, 4 Butanediol Global Market Report 2024  provides a comprehensive outlook of the 1, 4 butanediol market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The 1, 4 butanediol market forecast offers a thorough analysis on 1, 4 butanediol market size, 1, 4 butanediol market share, prominent players and their strategies.


The Table Of Content For The 1, 4 Butanediol Market Include:
1. 1, 4 Butanediol Market Executive Summary
2. 1, 4 Butanediol Market Segments
3. 1, 4 Butanediol Market Size And 1, 4 Butanediol Market Growth Rate
4. Key 1, 4 Butanediol Market Trends
5. Major 1, 4 Butanediol Market Drivers
25. Key Mergers And Acquisitions In The 1, 4 Butanediol Market
26. Top 1, 4 Butanediol Companies
27. 1, 4 Butanediol Market Opportunities And Strategies
28. 1, 4 Butanediol Market, Conclusions And Recommendations
29. Appendix


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