1,4 Butanediol Market Revenue, Trends, Growth Factors, Region and Country Analysis & Forecast To 2030

 

The global Butanediol market is forecast to reach USD 21.93 Billion by 2030, according to a new report by Reports and Data. 1,4 Butanediol is a chemical and is used to make the paint thinner, floor stripper, and other solvent products.

1,4 Butanediol is a raw material for polyurethane and polyester resins that show excellent characteristics. These products find several applications in everyday consumer products such as consumer durables such as electrical appliances and cars, clothing and shoe soles, industrial materials such as machine parts, as well as medical products. 1,4 Butanediol is an important commercial chemical used to manufacture over 2.5 million tons of valuable polymers every year. Currently, the production of 1,4 Butanediol is entirely through petrochemistry.

1,4 Butanediol is illegal to sell for usage in medicine. It is also used as a substitute for other illegal substances such as gamma-butyrolactone (GBL) and gamma-hydroxybutyrate (GHB). 1,4 Butanediol is used to stimulate muscle growth and growth hormone production; and for weight loss, bodybuilding, and insomnia.

The Asia Pacific dominated the market for 1,4 Butanediol. The demand for the market is growing due to the high demand from the electronics and consumer appliances industries. The region is witnessing numerous investments by automotive giants such as Hyundai Motors, BMW, and Honda. This is expected to drive the demand for the 1,4 Butanediol market.

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Market Overview:

The chemicals and materials industry is made up of a diverse group of businesses that differ in size, geography, business style, and end-market emphasis. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a diverse range of application industries on the other. Petrochemicals, diversified manufacturers, and specialized chemical industries have traditionally been divided into three categories.

While the wider patterns discussed in the previous section apply to the entire sector, the complexity of the distinctions among the various players highlights the need of looking at trends by player segment. Deloitte previously classified chemical sector stakeholders into three categories in its multiverse series: natural owners, distinctive commodities, and solution providers. 4 Each of these groups usually has its own strategic imperative. Large, vertically integrated natural owners have a tendency to prioritize continual improvement and operational perfection over innovation. Differentiated commodities flourish in a highly complex and fragmented category by focusing on supply chain efficiency, market innovation (commonly referred to as industrial marketing), and cost optimization. Solution providers do exactly that: they concentrate on maximizing the potential of their unique goods, as well as their application expertise and services.

Top 10 Companies Operating in the Global 1,4 Butanediol Market:

BASF SE, Mitsubishi Chemical Corporation, Ashland Inc., SK Global Chemical Co. Ltd., Nan Ya Plastics Corporation, Mitsui & Co. Ltd., Genomatica Inc., Chemtura Corporation, Dairen Chemical Corporation, and Bioamber Inc., among others.

Major Regions covered in the report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (U.K., Italy, Germany, France, Rest of Europe)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Points Illustrated in the Regional Analysis:

  • Regional contribution to the overall market revenue
  • Forecast revenue share of each regional market
  • Vital information and data related to the production and consumption rates in all the regions
  • Factors driving the regional market growth over the forecast period
  • Leading products and application segments in each regional market
  • Presence of key market competitors in each of these regions

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Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

1,4 Butanediol Market Segmentation

Technology Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

  • Davy-McKee Process
  • Butadiene Process
  • Reppe Process
  • Propylene Oxide Process

Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

  • Poly Butylene Terephthalate (PBT)
  • Tetrahydrofuran (THF)
  • Polyurethane (PU)
  • Gamma-Butyrolactone (GBL)

End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

  • Textile
  • Automotive
  • Electrical and Electronics
  • Agricultural Chemicals

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.  

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, TouchPoints, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provide our clients with the ability to secure an edge over their respective competitors.

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