1,4 Butanediol Market Size, Growth, Trends & Forecast 2030
1,4 Butanediol Market Size, Growth, Trends & Forecast
Description
The global 1,4-Butanediol market was approximately X thousand tonnes in 2021 and is projected to grow at a steady CAGR of 4.37% during the forecast period until 2030. Last year, Hunan Yuxin Energy Technology Co., Ltd announced a USD 71 million project for 1,4-butanediol. This project will have an annual capacity of 120,000 tonnes and is expected to be operational by 2023.
Visit Mandybio International for more information.
1,4-butanediol is a colorless, viscous liquid and is one of the four stable isomers of butanediol. It is synthesized through the Reppe process, where methanol is first oxidized to produce formaldehyde. This compound then reacts with acetylene to yield 1,4-butanediol.
This chemical is essential for manufacturing other organic compounds such as tetrahydrofuran (THF), gamma-butyrolactone (GBL), and polybutylene terephthalate (PBT). Applications of THF include its use in spandex fibers and urethane elastomers, while GBL is utilized in electronics, pharmaceuticals, agrochemicals, and high-performance polymers. PBT serves as an engineering plastic. Additionally, 1,4-butanediol acts as a solvent in organic synthesis, finding usage across diverse industries including automotive, pharmaceuticals, electrical and electronics, artificial leather, and agricultural chemicals. The anticipated introduction of bio-based 1,4-butanediol is expected to further drive demand throughout the forecast period. It is also noteworthy that 1,4-butanediol has sedative properties that could lead to potential addiction similar to certain drugs.
On a global level, the primary driver for the 1,4-Butanediol market is its significant role as a feedstock in chemical manufacturing. PBT derived from 1,4-butanediol is extensively used in the automotive sector for producing components such as gas tanks, safety belts, airbags, and exterior trims. The lightweight and durable characteristics of PBT contribute to its increasing demand. An expected rise in vehicle production will likely boost PBT demand. Moreover, THF's ability to dissolve various resins at room temperature and its miscibility with water enhances its application as a solvent in significant reactions, including Wittig and Grignard processes. The rising need for THF in the upcoming years is projected to further expand the market during the forecast period. Global demand for 1,4-Butanediol is expected to reach around Y thousand tonnes by 2030.
Regionally, the Asia-Pacific (APAC) region dominates the global 1,4-butanediol market. The electronics industry's expansion is anticipated to create opportunities for chemicals used in manufacturing, thereby promoting market growth. Additionally, the growth of economies in APAC countries has resulted in heightened demand for consumer goods such as refrigerators, washing machines, microwaves, and air conditioners, further fueling market expansion. China currently leads the global market with adequate production capacities, and several new companies are entering the sector to meet the anticipated demand during the forecast period.
The 1,4-Butanediol market is categorized by end-user applications, including Tetrahydrofuran (THF), gamma-butyrolactone (GBL), PBT (Polybutylene Terephthalate), PBAT, and other segments. In 2021, around 40% of the global market consumption was attributed to THF production, making it the leading segment of the 1,4-Butanediol market.
Noteworthy companies in the global 1,4-Butanediol market include Dairen Chemical Corporation, XinJiang Markor Chemical Co., Ltd., Inner Mongolia Dongyuan Technology Co., Ltd., BASF SE, Sinopec Sichuan Vinylon Works, LyondellBasell Industries N.V., and others.
Years considered for this report:
Historical Period: 2016-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2030
This report will be provided on a digital online platform, including a one-year subscription and quarterly updates.
The objective of the study:
• To assess the demand-supply scenario of 1,4-Butanediol globally.
• To analyze and forecast the market size of 1,4-Butanediol.
• To classify and forecast the 1,4-Butanediol market based on end-use and regional distribution.
• To examine competitive developments such as new capacity expansions, mergers, and acquisitions in the 1,4-Butanediol market.
Data for the global 1,4-Butanediol market was gathered through primary research, which included surveys with manufacturers, suppliers, distributors, wholesalers, and traders. Respondents were also asked about their competitors. Using this method, ChemAnalyst included manufacturers that could not be identified through secondary research. Additionally, ChemAnalyst analyzed various segments, projecting a positive outlook for the global 1,4-Butanediol market in the forthcoming years.
ChemAnalyst estimated the demand for 1,4-Butanediol globally by analyzing historical data and demand forecasts based on the production of raw materials necessary for its synthesis. Industry experts and company representatives provided essential input, and historical sales data was evaluated to arrive at an overall market size. Various secondary sources, including company websites, association reports, and annual reports, were also examined.
Key Target Audience:
• 1,4-Butanediol manufacturers and stakeholders.
• Organizations, forums, and associations involved in 1,4-Butanediol distribution.
• Government bodies, including regulatory authorities and policymakers.
• Market research organizations and consulting firms.
This study serves to answer several crucial questions relevant to industry stakeholders, such as 1,4-Butanediol manufacturers, customers, and policymakers. It will also aid them in identifying growth segments and making informed investment decisions to facilitate their expansion.
Report Scope:
This report segments the global 1,4-Butanediol market into distinct categories and details industry trends.
Attribute
Details
Market size Volume in 2021
~ X thousand tonnes
Market size Volume by 2030
~ Y thousand tonnes
Growth Rate
CAGR of 4.37% from 2022 to 2030
Base year for estimation
2021
Historic Data
2016-2021
Forecast period
2022-2030
Quantitative units
Demand in thousand tonnes and CAGR from 2022 to 2030
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Capacity by Technology, Production by Company, Demand by End-Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share
Segments covered
By End-Use: [e.g., Tetrahydrofuran (THF), gamma-butyrolactone (GBL), PBT, PBAT, and Others]
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
Pricing and purchase options
Customized purchase options are available to meet your specific research needs.
Explore purchase options
Available Customizations:
With the provided market data, ChemAnalyst offers customization tailored to a company's specific requirements.
For more information, please visit cas 110 63 4 bulk.
If you do not find what you are looking for, please contact our custom research team.