Global 1, 4 Butanediol Market, By Derivative (Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethane (PU), and Other Derivatives), End-user Industry (Automotive, Healthcare and Pharmaceutical, Textile, Electrical and Electronics, and Other End-user Industries), Technology (Reppe Process, Davy Process, Butadiene Process, Propylene Oxide Process, Others), Type (Synthetic, Bio-Based) – Industry Trends and Forecast to 2030.
1, 4 Butanediol Market Analysis and Size
The 1, 4 butanediol market is anticipated to witness significant growth during the forecast period due to its applications of polybutylene terephthalate (PBT), tetrahydrofuran (THF) and polyurethane (PU) in various industrial processes. Moreover, increasing usage of these derivatives in automotive sector will expected to enhance the market growth. According to the data of OICA, the global automotive production augmented by 3% in 2021 compared to the previous year. The total manufacture of automobiles was about 80,145,988 units in 2021 globally.
Data Bridge Market Research analyses that the 1, 4 butanediol market is expected to reach USD 10.76 billion by 2030, which is USD 7.23 billion in 2022, registering a CAGR of 5.10% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
1, 4 Butanediol Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 - 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Derivative (Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethane (PU), and Other Derivatives), End-user Industry (Automotive, Healthcare and Pharmaceutical, Textile, Electrical and Electronics, and Other End-user Industries), Technology (Reppe Process, Davy Process, Butadiene Process, Propylene Oxide Process, Others), Type (Synthetic, Bio-Based)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Dow (U.S.), LyondellBasell Industries N.V. (Netherlands), BASF SE (Germany), ADM (U.S.), Global Bio-chem Technology Group Company Limited. (China), DuPont (U.S.), Tate & Lyle Bio Products (U.S.), SKC (South Korea), Temix Oleo (Italy), INEOS Oxide (Switzerland). Huntsman International L.l.C (U.S.), ADEKA CORPORATION (Japan), Chaoyang Chemicals, Inc. (U.S.), Manali Petrochemicals Limited (India), Haike Chemical Group Co., Ltd. (China), Arch Chemicals Inc, (U.S.), Repsol (Spain), Midland Company (U.S.), Helm AG (Germany), Shell Plc (U.K.)
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Market Opportunities
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Market Definition
1, 4 Butanediol is an organic chemical compound with the chemical formula HOCH2CH2CH2CH2OH. It is also known as BDO or BD. The 1, 4 butanediol is a stable isomer of butanediol and colourless in nature. It is used as a solvent for the manufacturing of some types of polyurethanes and liquid, elastic fibers, The 1, 4 Butanediol can also be utilized for the chemical synthesis of γ-butyrolactone (GBL). Moreover, in the presence of high temperature ns phosphoric acid, it is derived into tetrahydrofuran solvent.
1, 4 Butanediol Market Dynamics
Drivers
- Increasing demand of 1, 4 butanediol derivatives in automotive sector
Polybutylene terephthalate (PBT) allows for shock absorption for bumpers, energy absorption, weight reduction, restriction of explosion risk in airbags, door, fuel tanks, seat belts and seat assemblies, under-bonnet components, exterior trims, subsystems, bumpers, and numerous other applications in the automotive industry. Moreover, polyurethane foams can be found in armrests, seats, and headrests of most cars, where their cushioning features help to reduce the stress and fatigue often associated with driving. Polyurethanes are light and strong, as a result of this the overall weight of cars is reduced, which improved environmental performance of the vehicles.
- Increasing focus on green chemistry
Growing focus on the green chemistry has encouraged the major market participants across the globe such as Myriant, BioAmber and Genomatica to develop alternative with the help of bio-based processing technologies is expected to drive the growth of 1, 4 Butanediol market during the forecast period. The market is also anticipated to benefit from increasing investments in green chemistry and sustainable technologies are expected to improve overall efficiency and increase existing processes during the forecast period.
Opportunities
- Surging usage of polybutylene terephthalate (PBT)
The demand for the polybutylene terephthalate (PBT) increase rapidly in numerous industries. This is attributable to the growing consumption of plastics in automotive applications due to the strong increase in demand for lightweight vehicles in automotive sector, which is expected to boost the demand for polybutylene terephthalate (PBT) which will create immense opportunities for the growth of the market during the forecast period. Other major growth for the growing consumption of polybutylene terephthalate (PBT) include replacing conventional metals in the electronics and automotive industry and developing bio-based polybutylene terephthalate (PBT)and introduction of new-generation PBT grades will generate numerous opportunities for the market growth.
Restraints/ Challenges
- High cost of associated with 1, 4 butanediol:
The growth of the 1, 4 butanediol market is expected to be hindered by the unexpected fluctuations in the prices of 1, 4 butanediol raw material and high cost associated with the manufacturing process. As a result, it disrupted the supply chain of 1, 4 butanediol raw materials and pose a challenge for manufacturers.
This 1, 4 butanediol market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the 1, 4 butanediol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2021, Mitsubishi Chemical Corporation entered into a partnership with Dymon Co., Ltd. These are the space and robot development venture and the first private company to explore the moon.
Global 1, 4 Butanediol Market Scope
The 1, 4 butanediol market is segmented on the basis of derivative, end-user industry and technology. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Derivative
- Tetrahydrofuran (THF)
- Polybutylene Terephthalate (PBT)
- Gamma-Butyrolactone (GBL)
- Polyurethane (PU)
- Other Derivatives
End-User Industry
- Automotive
- Healthcare and Pharmaceutical
- Textile
- Electrical and Electronics
- Other End-user Industries
Technology
- Reppe Process
- Davy Process
- Butadiene Process
- Propylene Oxide Process
- Others
Type
- Synthetic
- Bio-Based
1, 4 Butanediol Market Regional Analysis/Insights
The 1, 4 butanediol market is analyzed and market size insights and trends are provided by country, of products, derivative, end-user industry and technology application as referenced above.
The countries covered in the 1, 4 butanediol market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to dominate the 1, 4 butanediol market owing to higher consumer pool and increase in income levels in this region.
Europe is anticipated to be the -growing region in 1, 4 butanediol market during the forecast period of 2023-2030 due to the increase in the implementation of stringent regulations in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and 1, 4 Butanediol Market Share Analysis
The 1, 4 butanediol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to 1, 4 butanediol market.
Some of the major players operating in the 1, 4 butanediol market are:
- Dow (U.S.)
- LyondellBasell Industries N.V. (Netherlands)
- BASF SE (Germany)
- ADM (U.S.)
- Global Bio-chem Technology Group Company Limited (China)
- DuPont (U.S.)
- Tate & Lyle Bio Products (U.S.)
- SKC (South Korea)
- Temix Oleo (Italy)
- INEOS Oxide (Switzerland)
- Huntsman International L.l.C (U.S.)
- ADEKA CORPORATION (Japan)
- Chaoyang Chemicals, Inc. (U.S.)
- Manali Petrochemicals Limited (India)
- Haike Chemical Group Co., Ltd. (China)
- Arch Chemicals Inc, (U.S.)
- Repsol (Spain)
- Midland Company (U.S.)
- Helm AG (Germany)
- Shell Plc (U.K.)
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