1, 4-Butanediol Market ,COVID19 impact on Industry and Outlook 2030

1, 4-Butanediol Market Highlights

The 1, 4-Butanediol Market Size was valued at USD 7.3 Billion in 2022 and is projected to grow from USD 7.45 Billion in 2023 to USD 14.66 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.1% during the forecast period (2023–2030). The growth in emerging markets coupled with increasing demand for PU will bolster the growth of the global market.

Tetrahydrofuran (THF) is the largest end-use for butanediol, accounting for 49% of total consumption Tetrahydrofuran is the largest end-use for butanediol, accounting for 49% of total consumption, according to MRFR analysis, Tetrahydrofuran most consumption is for the production of polytetramethylene glycol (PTMEG), which is used in the manufacture of cast and thermoplastic urethane elastomers, polyurethane fibers and high-performance copolyester ether elastomers. In addition, it also used as a solvent in the manufacture of polyvinyl chloride cement and coatings, in precision magnetic tape, and as a reaction solvent in the production of pharmaceuticals.

One-third of butanediol consumed worldwide goes into the manufacture of polybutylene terephthalate (PBT) resins. The automotive and electrical/electronic components industries are the leading consumers of PBT resins.

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The production of Gammabutyrolactone (GBL) accounts for 21% of butanediol production. Gammabutyrolactone (GBL) consumption is for the manufacture of NMP, which is used as a solvent in electronics, paint strippers, engineering resins, and others. GBL is also used in the manufacture of 2-pyrrolidone, N-vinyl-2-pyrrolidone and polyvinylpyrrolidone.

Key Player

The key players of 1, 4-Butanediol Market report includes The Dow Chemical Company, Bioamber Inc., Vertellus Specialties Inc., Danisco Us Inc., Solvay S.A., Polyone Corporation, Emery Oleochemicals Llc, Myriant Corporation, Evonik Industries, Matrica Spa, Lanxess Ag and others

Regional Analysis

“Asia-Pacific is projected to be the largest market during the forecast period”

Geographically, Asia-Pacific is expected to be the largest market for 1, 4-Butanediol accounting for more than one-third of the total market. Asia-Pacific is most prominent market and its market share has accounted for the largest share of the total market in 2016, Asia-pacific has been growing at faster pace due to rising manufacturing industries and demand for bio BDO will aid in rise in growth of 1, 4-Butanediol market. China has accounted to be one of the fastest-growing and highest consumables of 1, 4-Butanediol for the forecasted period. 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, Thailand and Indonesia. The region is expected to grow at the highest CAGR of from 2016 to 2025.

Central & South America is anticipated to remain a fast-growing market. Developed regions such as North America and Europe will have sluggish growth rate, owing to end-use industry saturation and downward revision of GDP growth rates in major economies such as the U.S. and Canada.

Scope of the study
The scope of the study categorizes the 1, 4-butanediol market as type, and application.

By Application

  • PBT -PolyButylene Terephthalate
  • THF-Tetrahydrofuran
  • GBL-Gammabutyrolactone
  • Polyurethane
  • Others

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Market Highlights

Global 1, 4-Butanediol Market is expected to grow with the CAGR 8.18 % of more than from 2016 to 2022, and with this it is predictable to cross USD 11.7 Billion by 2022. 1, 4-butanediol are used in various applications. THF is one of the butanediol derivatives. The properties of THF are clear, colorless liquid, low viscosity, and ether-like odor owing to these properties it is used in pharmaceuticals, used in the block for the production of poly-tetramethyl ether-glycol (PTMEG) for fiber yarns, which lends the stretch ability to textiles. GBL has upright properties such as colorless liquid, high boiling point and low odor. It is soluble in alcohol and aromatic hydrocarbon, esters. Ethers, ketones and water as it is chemical intermediate is used in pharmaceutical and agriculture industries.

Tetrahydrofuran (THF) is the largest end-use for butanediol, accounting for 49% of total consumption Tetrahydrofuran is the largest end-use for butanediol, accounting for 49% of total consumption, according to MRFR analysis, Tetrahydrofuran most consumption is for the production of polytetramethylene glycol (PTMEG), which is used in the manufacture of cast and thermoplastic urethane elastomers, polyurethane fibers, and high-performance copolyester ether elastomers. In addition, it also used as a solvent in the manufacture of polyvinyl chloride cement and coatings, in precision magnetic tape, and as a reaction solvent in the production of pharmaceuticals.

One third of butanediol consumed worldwide goes into the manufacture of polybutylene terephthalate (PBT) resins. The automotive and electrical/electronic components industries are the leading consumers of PBT resins.

The production of Gammabutyrolactone (GBL) accounts for 21% of butanediol production. Gammabutyrolactone (GBL) consumption is for the manufacture of NMP, which is used as a solvent in electronics, paint strippers, engineering resins, and others. GBL is also used in the manufacture of 2-pyrrolidone, N-vinyl-2-pyrrolidone and polyvinylpyrrolidone.

Key Player

The key players of 1, 4-Butanediol Market report includes The Dow Chemical Company, Bioamber Inc., Vertellus Specialties Inc., Danisco Us Inc., Solvay S.A., Polyone Corporation, Emery Oleochemicals Llc, Myriant Corporation, Evonik Industries, Matrica Spa, Lanxess Ag and others

Regional Analysis

“Asia-Pacific is projected to be the largest market during the forecast period”

Geographically, Asia-Pacific is expected to be the largest market for 1, 4-Butanediol accounting more than one third of the total market. Asia-Pacific is most prominent market and its market share has accounted for largest share of the total market in 2016, Asia-pacific has been growing at faster pace due to rising manufacturing industries and demand for bio BDO will aid in rise in growth of 1, 4-Butanediol Industry Analysis. China has accounted to be one of the fastest-growing and highest consumables of 1, 4-Butanediol for the forecasted period. Major key players of the market of developed countries are focusing on various strategies they utilize low cost labor & resources in emerging economies such as India, Vietnam, Thailand and Indonesia. The region is expected to grow at the highest CAGR of from 2016 to 2025.

Central & South America is anticipated to remain a fast-growing market. Developed regions such as North America and Europe will have sluggish growth rate, owing to end-use industry saturation and downward revision of GDP growth rates in major economies such as the U.S. and Canada.

Scope of the study
The scope of the study categorizes the 1, 4-butanediol market as type, and application.

By Application

  • PBT -PolyButylene Terephthalate
  • THF-Tetrahydrofuran
  • GBL-Gammabutyrolactone
  • Polyurethane
  • Others

Related report — 

  1. pyridine market https://www.marketresearchfuture.com/reports/pyridine-market-3198 
  2. Epoxy Grout Market https://www.marketresearchfuture.com/reports/epoxy-grout-market-8310 
  3. Phthalic Anhydride Market https://www.marketresearchfuture.com/reports/phthalic-anhydride-market-5919

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