Global 1,4-Butanediol Market
Dublin, Jan. 10, 2023 (GLOBE NEWSWIRE) -- The "1,4-Butanediol Market by Type (Synthetic and Bio-based), Application (Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma Butyrolactone (GBL), Polyurethane (PU)), and Region (APAC, North America, Europe, RoW) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global 1,4-Butanediol market size is estimated to be USD 7.3 billion in 2022 and is projected to reach USD 11.0 billion by 2027, at a CAGR of 8.5%.
The growing awareness regarding recyclable products, and their benefits related to the environment is one the primary factors driving the market growth. Moreover, factors like growing demand from the automotive industry, and high demand from the textile sector are also contributing toward the market growth of 1,4-Butanediol.
THF is estimated to lead the 1,4-Butanediol market, by application in terms of value during the forecast period.
By application, THF is estimated to be the largest segment in the BDO market in 2021. Tetrahydrofuran (THF) is broadly used as an intermediate raw material or as a solvent in applications, that include, PTMEG, PVC, pharmaceuticals, magnetic tapes, adhesives, paints and coatings, amongst others. It is largely used in the textile industry. With the increasing demand for special-purpose textiles from all over the world, the demand for Tetrahydrofuran (THF) is expected to rise during the forecast period. This, in turn, is propelling the market growth for BDO.
Bio-based BDO is estimated to be the fastest-growing segment in the BDO market, by type.
By type, bio-based BDO is estimated to be the fastest growing segment of the 1,4-Butanediol market during the forecast period. The usage of bio-based BDO is getting higher due to environmental regulations. The rising government regulations regarding the ban on conventional plastics and global warming initiatives are expected to drive the demand for bio-based 1,4-Butanediol across the world.
Asia Pacific is projected to be the largest market for 1,4-Butanediol during the forecast period, in terms of value.
Asia Pacific is projected to be the largest market for BDO during the forecast period. The usage of BDO is increasing extensively in the automotive industry. With the growing utilization of BDO, particularly in electric vehicle developments, most of the players are expanding their production capacities of 1,4-Butanediol. This is considered a major driving factor for the BDO market.
No. of Pages
2022 - 2027
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2027
Compound Annual Growth Rate
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Significant Opportunities for Players in 1,4-Butanediol (BDO) Market
4.2 1,4-Butanediol (BDO) Market, by Region
4.3 1,4-Butanediol (BDO) Market, by Type
4.4 1,4-Butanediol (BDO) Market, by Application
4.5 1,4-Butanediol (BDO) Market, by Major Countries
5 Market Overview
5.2 Market Dynamics
22.214.171.124 Growth of Thf Industry
126.96.36.199 Growth of Pu Industry
188.8.131.52 Health Concerns Associated with BDO
184.108.40.206 Shutdown of BDO Production Plants
220.127.116.11 Increasing Production of Bio-Based BDO
18.104.22.168 Fluctuation in Raw Material Prices
5.3 Value Chain Analysis
5.5 Porter's Five Forces Analysis
5.6 Pricing Analysis
5.7 Patent Analysis
5.7.2 Jurisdiction Analysis
5.7.3 Top Companies/Applicants
5.8 Policies and Regulations
5.9 Key Stakeholders & Buying Criteria
5.9.1 Key Stakeholders in Buying Process
5.9.2 Buying Criteria
5.10 Case Study Analysis
5.10.1 Bio-Based BDO
22.214.171.124 Problem Statement
126.96.36.199 Possible Solution by Genomatica's Geno BDO Process
5.11 Key Conferences & Events in 2022-2023
5.12 Trade Data
6 Manufacturing Process
6.2 Reppe Process
6.3 Davy Process
6.4 Butadiene Process
6.5 Propylene Oxide Process
7 1,4-Butanediol (BDO) Market, by Technology
7.2 Reppe Process
7.3 Davy Process
7.4 Butadiene Process
7.5 Propylene Oxide Process
8 1,4-Butanediol (BDO) Market, by Type
8.2 Synthetic BDO
8.2.1 Growing Demand for Ptmeg for Producing Spandex
8.3 Bio-Based BDO
8.3.1 Increased Application in Transportation Sector
9 1,4-Butanediol (BDO) Market, by Application
9.2 Tetrahydrofuran (Thf)
9.2.1 Growing Downstream Sector Favorable for Market Growth
9.2.2 Polytetramethylene Ether Glycol (Ptmeg)
9.3 Polybutylene Terephthalate (Pbt)
9.3.1 Second-Largest Application of BDO
9.3.3 Electrical & Electronics
9.3.4 Consumer Appliances
9.4 Gamma Butyrolactone (Gbl)
9.4.1 High Solvent Quality with Low Toxicity
9.4.3 2-Pyrrolidone/N-Vinyl-2-Pyrrolidone/ Polyvinylpyrrolidone
9.5 Polyurethane (Pu)
9.5.1 Growing Use of Pu in Various Industries
10 1,4-Butanediol (BDO) Market, by Region
11 Competitive Landscape
11.2 Revenue Analysis
11.3 Market Share Analysis, 2021
11.3.1 Basf Se
11.3.2 Sinopec Yizheng Chemical Fibre Co., Ltd.
11.3.4 Xinjiang Tianye (Group) Co., Ltd.
11.3.5 Nan Ya Plastics Corporation
11.4 Company Evaluation Matrix
11.4.2 Emerging Leaders
11.4.3 Pervasive Players
11.5 Competitive Scenario
12 Company Profiles
12.1 BASF Se
12.2 Sinopec Yizheng Chemical Fibre Co., Ltd.
12.4 Xinjiang Tianye (Group) Co., Ltd.
12.5 Nan Ya Plastics Corporation
12.6 Sipchem Company
12.7 Shanxi Sanwei Group Co., Ltd
12.8 Mitsubishi Chemical Group Corporation
12.9 Mitsui & Co. Italia S.P.A.
12.11 Genomatica, Inc.
12.13 Evonik Industries Ag
12.14 Merck KGaA
12.16 Lyondellbasell Industries Holdings B.V.
12.17 LG Chem
12.18 Sk Geo Centric Co., Ltd.
12.19 Tokyo Chemical Industry Co., Ltd.
12.2 Spectrum Chemical
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