Global 1, 4 butanediol market is anticipated to grow at a CAGR of 3.9% during the forecast period (2024–2031). 1, 4 Butanediol (BDO) is a primary alcohol with dual functionality, manufactured through various methods primarily from petrochemical sources. The dilating use of polyurethanes, for foams and adhesive making, lightweight and durable properties reduce car weight, improving fuel efficiency and environmental performance and tetrahydrofuran, employed in the production of various elastomers and coatings, thereby, driving the 1,4 butanediol market as it is used for extraction of these materials.
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Rising concerns regarding the environment, increment in the adaption of sustainable ways, advancement in technology, and government incentives, further accompanied by rising demand for 1,4 butanediol as a raw material in healthcare and pharmaceutical industries accelerate the market growth. However, variations in the cost of raw materials impeding the supply chain, complications regarding safety measures, and regulation changes can hinder the growth of the market.
Asia Pacific has the leading market share of the 1, 4 butanediol market. The regional growth is attributed to the expeditious growth in China and India owing to the flourishing electronic, textile, and automobile sectors.
Recent Developments
- In May 2024, the LYCRA Company partnered with Dairen Chemical Corporation (DCC) to convert QIRA-a new generation of 1, 4 butanediol (BDO)-into environmentally friendly PTMEG, and essential for bio-derived LYCRA fiber. Dairen is set to pioneer large-scale production of this sustainable bio-PTMEG, marking a significant advancement in textile innovation.
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Market Coverage
- The market number available for 2023-2031
- Base year: 2023
- Forecast period: 2024-2031
- Segment Covered-
o By Application
o By End-Users
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: Ashland Inc., BASF SE, Dairen Chemical Corp., Nan Ya Plastic Corp., and Mitsubishi Chemical Corp. among others.
Key questions addressed by the report
- What is the market’s growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global 1, 4 Butanediol Market Report Segment
By Application
- Gamma-Butyrolactone
- Poly Butylenes Terephthalate (PBT)
- Polyurethane
- Tetrahydrofuran
By End-Users
- Automotive Industry
- Electrical And Electronics
- Chemical Industry
- Footwear Industry
- Sports Industry
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