1,4-Butanediol

1,4-Butanediol Market by Technology (Butadiene Process, Davy Process, Propylene Oxide Process), Derivatives (Gamma-Butyrolactone, Polybutylene Terephthalate, Polyurethanes), End-User - Global Forecast 2024-2030

SKU
MRR-43649B5EE3A3
Region
Global
Publication Date
February 2024
Delivery
Immediate
2023
USD 12.77 billion
2030
USD 24.45 billion
2024
USD 14.00 billion
CAGR
9.72%
360iResearch Analyst
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[198 Pages Report] The 1,4-Butanediol Market size was estimated at USD 12.77 billion in 2023 and expected to reach USD 14.00 billion in 2024, at a CAGR 9.72% to reach USD 24.45 billion by 2030.

1,4-Butanediol Market
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1,4-Butanediol (BDO) is an organic compound with the chemical formula C4H10O2, classified as a diol due to its two hydroxyl (alcohol) groups. It is a colorless, viscous liquid commonly used as a solvent and in the production of various plastics, elastic fibers, and polyurethanes. A variety of factors influences the adoption of 1,4-Butanediol The drivers propelling the demand for BDO include its extensive use in manufacturing spandex for clothing and polybutylene terephthalate (PBT) for engineering plastics, which are materials in high demand in the textiles and automotive industries, respectively. Additionally, advancements in biotechnological production methods are encouraging sustainable and eco-friendly production processes, further boosting their demand. However, the restraints include the volatility in the price of raw materials and stringent environmental regulations owing to the toxic nature of conventional BDO production methods. Challenges include the need to optimize manufacturing to reduce environmental impact and maintain consistency in quality. Companies operating within the sector must navigate ongoing geopolitical tensions and trade disputes that can impact the global supply chain. Moreover, there are significant opportunities for growth, including the burgeoning electric vehicle industry's demands for high-performance plastics, where BDO is a key ingredient. The development of bio-based 1,4-Butanediol is another lucrative area, with the potential to tap into the demand for sustainable chemicals. Companies that focus on innovation in production technology to make environmentally friendly BDO can capture a larger market share and benefit from potential premium pricing for greener products. Expanding and emerging economies present lucrative opportunities for increasing the consumption of BDO-related products.
1,4-Butanediol Market - Global Forecast 2024-2030
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FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the 1,4-Butanediol Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the 1,4-Butanediol Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the 1,4-Butanediol Market, highlighting leading vendors and their innovative profiles. These include Ashland Inc., BASF SE, BioAmber Inc., Chongqing JianFeng Chemical Co., Ltd., Dairen Chemical Corporation, Evonik Industries AG, Formosa Plastics Corporation, INEOS Group Limited, JSR Corporation, Koch Industries, Inc., Lanxess AG, LG Chem Ltd, LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, PPG Industries, Inc., Repsol S.A., Saudi International Petrochemical Company, SK Global Chemical Co. Ltd., and The Dow Chemical Company.

Market Segmentation & Coverage

This research report categorizes the 1,4-Butanediol Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Technology
    • Butadiene Process
    • Davy Process
    • Propylene Oxide Process
    • Reppe Process
  • Derivatives
    • Gamma-Butyrolactone
    • Polybutylene Terephthalate
    • Polyurethanes
    • Tetrahydrofuran
  • End-User
    • Automotive
    • Electrical & Electronics
    • Healthcare & Pharmaceutical
    • Textile

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the 1,4-Butanediol Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the 1,4-Butanediol Market?
  3. What are the technology trends and regulatory frameworks in the 1,4-Butanediol Market?
  4. What is the market share of the leading vendors in the 1,4-Butanediol Market?
  5. Which modes and strategic moves are suitable for entering the 1,4-Butanediol Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. 1,4-Butanediol Market, by Technology
  7. 1,4-Butanediol Market, by Derivatives
  8. 1,4-Butanediol Market, by End-User
  9. Americas 1,4-Butanediol Market
  10. Asia-Pacific 1,4-Butanediol Market
  11. Europe, Middle East & Africa 1,4-Butanediol Market
  12. Competitive Landscape
  13. Competitive Portfolio
  14. List of Figures [Total: 22]
  15. List of Tables [Total: 292]
  16. List of Companies Mentioned [Total: 19]
The Rise of 1,4-Butanediol as a Sustainable Alternative
December 29, 2023
BLOG
The Rise of 1,4-Butanediol as a Sustainable Alternative
The increasing concern over climate change and the negative impact of traditional fossil fuels on the environment has propelled the demand for sustainable alternatives, such as 1,4-butanediol (BDO). This chemical compound has become a preferred choice for many industries as it can be used as a feedstock for the production of biodegradable plastics, synthetic fibers, and more. This blog post explores the rise of 1,4-butanediol as a sustainable option for crude oil and natural gas and explores the reasons why it is gaining so much traction.

Environmentally friendly nature of 1,4-butanediol:

Compared to crude oil and natural gas, 1,4-butanediol is a more environmentally friendly alternative. It is a renewable resource that can be derived from biomass or waste products, which makes it a sustainable and efficient option. Moreover, the production of BDO has a lower carbon footprint than traditional fossil fuels. This makes it an ideal choice for companies looking to mitigate their carbon footprint and move toward more sustainable practices.

Diverse applications:

1,4-butanediol has a wide range of applications in various industries. It can be used as a solvent in the manufacturing of paint, ink, and coatings. It is also a key component in the production of spandex, polyurethane, and other synthetic fibers. Additionally, it can be used as a feedstock to create biodegradable plastics and other sustainable materials. This versatility has led to increased demand from various industries, which in turn has led to increased production and availability.

Growing demand for biodegradable plastics:

One major factor driving the adoption of 1,4-butanediol is the growing demand for biodegradable plastics. With the surging concern over the environmental impact of traditional plastic, many companies are now looking for more sustainable options. BDO is a key component in the production of biodegradable plastics, making it a preferred choice for companies looking to lower their reliance on traditional crude oil-based plastics.

Government initiatives and regulations:

Governments around the world are now taking measures to reduce carbon emissions and promote sustainability. Many countries are implementing regulations and incentives to encourage the adoption of sustainable alternatives, including 1,4-butanediol. As a result, many companies are now looking to shift towards sustainable practices to meet these new regulations and remain competitive.

Cost-effectiveness:

While there are initial costs associated with transitioning to sustainable alternatives, in the long term, 1,4-butanediol can prove to be cost-effective. As the demand for sustainable alternatives grows continuously, more efficient and cost-effective production processes have been developed, which are making BDO an increasingly viable option for organizations looking to mitigate their carbon footprint.

The growing demand for sustainable alternatives has led to the rise of 1,4-butanediol, a renewable and versatile chemical compound that shows promise for a sustainable future. Its environmentally friendly nature, diverse applications, government initiatives, and cost-effectiveness have made it a preferred choice for many industries. As sustainable practices become more important, we can expect to see the continued growth of 1,4-butanediol in the years to come.

Frequently Asked Questions
  1. How big is the 1,4-Butanediol Market?
    Ans. The Global 1,4-Butanediol Market size was estimated at USD 12.77 billion in 2023 and expected to reach USD 14.00 billion in 2024.
  2. What is the 1,4-Butanediol Market growth?
    Ans. The Global 1,4-Butanediol Market to grow USD 24.45 billion by 2030, at a CAGR of 9.72%
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