Global 1, 4 Butanediol Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
5 Jul, 2023
The global 1,4 butanediol market size is expected to grow from $8.19 billion in 2022 to $8.89 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global 1,4 butanediol market size is expected to reach $11.93 billion in 2027 at a CAGR of 7.6%.
Global 1, 4 Butanediol Market Key Driver
The expanding automotive sector is projected to boost the 1,4-butanediol market forward in the approaching years. The automotive industry includes companies involved in the manufacture, distribution, sale, and maintenance of automobiles. In the automotive industry, urethane elastomers manufactured from 1,4-butanediol are required for the production of vehicle bumpers, fenders, spoilers, and automobile front and rear end fascia. As a result, rising demand from the automotive industry propels the 1,4-butanediol market forward.
Get a sample of the global 1, 4 butanediol market reportGlobal 1, 4 Butanediol Market Segments
The global 1, 4 butanediol market is segmented:
1) By Type: Synthetic, Bio Based
2) By Application: Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma Butyrolactone (GBL), Polyurethane (PU), Others
3) By End-Use: Chemical, Sports, Automotive, Electronic, Footwear, Others
4) By Geography: The regions covered in the 1, 4 butanediol market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global 1, 4 butanediol market.
Major 1, 4 Butanediol Industry Players
BioAmber Inc., BASF SE, Ashland Inc., Mitsubishi Chemical Corporation, SK Global Chemical Co Ltd., Dairen Chemical Corporation, LyondellBasell Industries NV, Dow Inc., Genomatica Inc., Xinjiang Tianye (Group) Co Ltd., ExxonMobil Chemical, Invista, Myriant Corporation, Sipchem Company, Chemtura Corporation, Chongqing Jianfeng Chemical Co Ltd., Shell Plc, Mitsui & Co Ltd.
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1, 4 Butanediol Market Overview
1,4-Butanediol is a colourless and water-soluble, thick fluid with a high point of boiling (230°C) at room temperature used as a source of gamma-hydroxybutyrate (GHB), a recreational drug with euphoric and sedative effects. It is also utilized in the synthesis of various organic compounds, especially the solvent oxolane (also known as tetrahydrofuran, or THF). It functions as a protic solvent, prodrug, and neurotoxin
1, 4 Butanediol Global Market Report 2023 provides data on the global 1, 4 butanediol market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The 1, 4 butanediol market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.