1,4 Butanediol Market Size, Growth, Trends & Forecast 2030

Description

The global 1,4-Butanediol market stood at approximately thousand tonnes in and is expected to grow at a steady CAGR of 4.37% during the forecast period until . Last year, Hunan Yuxin Energy Technology Co., Ltd announced a project of 1,4-butanediol worth USD 71 million. This project will have an annual capacity of 120,000 tonnes of 1,4-butanediol and will be operational in . 

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1,4 butanediol is a colorless viscous liquid and is one of the four stable isomers of butanediol. 1,4-butanediol is synthesized by the Reppe process. In this process, first methanol is oxidized to produce formaldehyde which further reacts with acetylene to produce 1,4-Butanediol.  It is used in the manufacturing of other organic chemicals such as tetrahydrofuran (THF) having application in spandex fibres and urethane elastomers, gamma-butyrolactone (GBL) having application in electronics, pharmaceuticals, agrochemicals, and high-performance polymers, polybutylene terephthalate (PBT) having application as engineering plastic, polyurethane (PU) and other derivatives. It is used as a solvent in organic synthesis, therefore has application in various end use industries such as automotive, pharmaceutical, electrical and electronics, artificial leather, and agriculture chemicals. Upcoming bio-based 1,4 butanediol is expected to push the demand further during the forecast period. 1,4 butanediol is also used as a sedative therefore, it has addictive properties just like drugs. 

 

On a global level, the major driver of the 1,4-Butanediol market is its usage as a feedstock for preparation of chemicals. Its derived chemical, PBT is widely employed in the automotive sector for manufacturing gas tanks, safety belts, airbags, door and seat components, components, bumpers, under-bonnet parts, exterior trims, and others. It is mainly due to the lightweight and durable nature of PBT. The demand of PBT is anticipated to rise owing to rising demand of vehicles. THF can dissolve various resins at room temperature and is miscible with water driving its application as an organic solvent in important reactions like Wittig and Grignard processes. The rising demand of THF in forthcoming years is anticipated to result in further expansion in the forecast period. The global demand of 1,4-Butanediol is expected to reach around thousand tonnes by . 

 

Region wise, APAC region holds the major share of global demand for 1,4 butanediol. It is anticipated that the expansion of the electronics industry would open up chances for the use of chemicals used in manufacturing, hence increasing the growth of 1,4 butanediol. In addition, as the economy of countries in APAC has grown, so has the need for consumer goods including refrigerators, washing machines, microwaves, and air conditioners, which is further propelling the market's expansion. China is leading the global market with sufficient production capacities. Several new companies are entering the market which are expected to fil the demand supply gaps for the forecast period. 

 

Based on the end-user industry, the 1,4-Butanediol market is segmented into sectors like Tetrahydrofuran (THF), γ-butyrolactone (GBL), PBT (Polybutylene terephthalate), PBAT, and Others. In , about 40% of the global market was consumed for the production of Tetrahydrofuran (THF), which is the leading fragment of the 1,4-Butanediol market. 

 

Significant companies for Global 1,4-Butanediol are Dairen Chemical Corporation, XinJiang Markor Chemical Co., LTD., Inner Mongolia Dongyuan Technology Co., LTD., BASF SE, Sinopec Sichuan Vinylon Works (Sinopec SVW), Xinjiang Blue Ridge Tunhe Chemical Co., LTD, Xinjiang Guotai Xinhua Mining Co., LTD., Sinopec Ningxia Energy Chemical Co., Ltd, LyondellBasell Industries N.V., Xinjiang Tianye (Group) Co., LTD, and Shanxi Sanwei Group Co Ltd. 

 

Years considered for this report:

Historical Period: -

Base Year:

Estimated Year:

Forecast Period: -

 

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The objective of the Study: 

'To assess the demand-supply scenario of 1,4-Butanediol, which covers the production, demand, and supply of 1,4-Butanediol around the globe.

'To analyze and forecast the market size of 1,4-Butanediol. 

'To classify and forecast the Global 1,4-Butanediol market based on end-use and regional distribution.

'To examine global competitive developments such as new capacity expansions, mergers & acquisitions, etc., of the 1,4-Butanediol market.

 

To extract data for the Global 1,4-Butanediol market, primary research surveys were conducted with 1,4-Butanediol manufacturers, suppliers, distributors, wholesalers, and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for the Global 1,4-Butanediol market over the coming years. 

 

ChemAnalyst calculated 1,4-Butanediol demand around the globe by analyzing the historical data and demand forecast, which was carried out considering the production of raw material to produce 1,4-Butanediol. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.

 

 

Key Target Audience:

' 1,4-Butanediol manufacturers and other stakeholders

' Organizations, forums and alliances related to 1,4-Butanediol distribution

' Government bodies such as regulating authorities and policy makers

' Market research organizations and consulting companies

 

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as 1,4-Butanediol manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

 

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Report Scope:

In this report, Global 1,4-Butanediol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

 

 

Attribute

 

 

Details

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Market size Volume in

thousand tonnes

Market size Volume by

thousand tonnes

Growth Rate

CAGR of 4.37% from to

Base year for estimation

Historic Data

 '

Forecast period

'

Quantitative units

Demand in thousand tonnes and CAGR from to

 

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: [like Tetrahydrofuran (THF), γ-butyrolactone (GBL), PBT (Polybutylene terephthalate), 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

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Available Customizations:

With the given market data, ChemAnalyst offers customizations according to a company's specific needs.

 

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