The report “1,4-Butanediol Market by Type (Synthetic, and Bio-Based), Applications (THF, PBT, GBL and PU), Technology Type (Reppe , Davy , Butadiene , Propylene Oxide) and Region (Asia Pacific, Europe, and North America) – Global Forecast to 2029″, is projected to grow from USD 7.8 billion in 2024 to USD 11.1 billion by 2029, at a CAGR of 7.3% during the forecast period. The growth of the 1,4-butanediol market is expected to be fueled by several factors. Firstly, increasing demand for 1,4-butanediol-derived products across industries such as automotive, textiles, electronics, and pharmaceuticals is a significant driver. Additionally, advancements in production technologies, including bio-based processes and improved catalysts, are enhancing efficiency and reducing costs, thereby boosting market growth. Furthermore, rising environmental concerns and regulations are driving the adoption of bio-based 1,4-butanediol in the manufacturing of biodegradable plastics and sustainable materials.
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• 193 Market data Tables
• 53 Figures
• 183 Pages and in-depth TOC on “1,4-Butanediol Market – Global Forecast to 2029″
Some of the prominent key players are:
- DCC (Taiwan),
- BASF-SE (Germany),
- Xinjiang Tianye Group Co., Ltd. (China),
- Mitsubishi Chemical Group Corporation (Japan)
- Nan Ya Plastics Corporation (Taiwan) and many more….
Driver: Growing demand in applications such as tetrahydrofuran and polyurethane
The expanding applications of tetrahydrofuran (THF) and polyurethane (PU) in industries such as automotive, construction, and electronics are driving the demand for 1,4-butanediol. tetrahydrofuran is utilized in the production of various resins, coatings, and elastomers, while polyurethane finds extensive use in foams, adhesives, and sealants. As these industries continue to grow, so does the need for 1,4-butanediol as a key intermediate in the synthesis of these essential chemicals, highlighting its pivotal role in meeting the evolving demands of modern manufacturing processes.
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The bio-based 1,4-butanediol type segment is projected to lead the global 1,4-butanediol market during the forecast period.
Bio-based 1,4-butanediol is expected to be the fastest-growing type segment within the 1,4-butanediol market by value due to several factors. Firstly, increasing environmental concerns and regulations are driving the demand for sustainable alternatives to traditional petroleum-based chemicals. Bio-based 1,4-butanediol, derived from renewable feedstocks such as biomass and agricultural waste, aligns with these sustainability goals, making it increasingly attractive to industries seeking eco-friendly solutions. Additionally, advancements in biotechnology and fermentation processes have enhanced the efficiency and scalability of bio-based 1,4-butanediol production, reducing costs and improving accessibility. Moreover, growing consumer awareness and preference for environmentally friendly products further stimulate the adoption of bio-based 1,4 butanediol in various applications, including polymers, plastics, and pharmaceuticals.
Asia Pacific in the 1,4-butanediol market is projected to grow at the largest region.
Asia Pacific is the largest consumer of 1,4-butanediol, in terms of value. Write in summarised way “The Asia-Pacific region is the largest market for 1,4-butanediol due to several key factors. Firstly, the region’s dominance in the 1,4-butanediol market is attributed to its high growth potential and increasing demand for various applications like tetrahydrofuran (THF), polyurethane (PU), and other derivatives. The market in Asia-Pacific is influenced by factors such as industrial growth, technological advancements, and a significant presence of key players like BASF SE, DCC, and others. These elements collectively contribute to the region’s leading position in the 1,4-butanediol market, making it the largest market share holder in 2023.