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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