“1,4-Butanediol Market by Type (Synthetic, and Bio-Based), Applications (THF, PBT, GBL, and PU), Technology Type (Reppe, Davy, Butadiene, Propylene Oxide), and Region (Asia Pacific, Europe, and North America) – Global Forecast to 2029” is a report that projects the market’s growth from USD 7.8 billion in 2024 to USD 11.1 billion by 2029, with a compound annual growth rate of 7.3% over the course of the forecast period. The 1,4-butanediol market is anticipated to increase due to a number of factors. First and foremost, a major driver is the rising demand for products made from 1,4-butanediol in sectors including automotive, textiles, electronics, and pharmaceuticals. Furthermore, improvements in catalysts and bio-based production processes are driving down prices and increasing efficiency, which in turn is driving up market growth.
Browse
• 193 Market data Tables
• 53 Figures
• 183 Pages and in-depth TOC on “1,4-Butanediol Market – Global Forecast to 2029″
• 53 Figures
• 183 Pages and in-depth TOC on “1,4-Butanediol Market – Global Forecast to 2029″
Some of the prominent key players are:
- DCC (Taiwan),
- BASF-SE (Germany),
- Xinjiang Tianye Group Co., Ltd. (China),
- Mitsubishi Chemical Group Corporation (Japan)
- Nan Ya Plastics Corporation (Taiwan) and many more….
Driver: Growing demand in applications such as tetrahydrofuran and polyurethane
The need for 1,4-butanediol is being driven by the growing uses of polyurethane (PU) and tetrahydrofuran (THF) in sectors like electronics, building, and automotive. While polyurethane is widely used in foams, adhesives, and sealants, tetrahydrofuran is employed in the manufacturing of diverse resins, coatings, and elastomers. The need for 1,4-butanediol, a crucial intermediary in the synthesis of these vital chemicals, grows along with these industries, underscoring its critical role in satisfying the changing requirements of contemporary industrial processes.
The bio-based 1,4-butanediol type segment is projected to lead the global 1,4-butanediol market during the forecast period.
Due to a number of variables, the 1,4-butanediol market that is based on biotechnology is anticipated to grow at the fastest rate in terms of type segmentation. First of all, the need for sustainable substitutes for conventional chemicals derived from petroleum is being driven by growing environmental concerns and legislation. Because bio-based 1,4-butanediol is made from renewable feedstocks like biomass and agricultural waste, it supports these sustainability objectives and is becoming more and more appealing to businesses looking for environmentally responsible solutions. Furthermore, improvements in fermentation and biotechnology have increased the scalability and efficiency of bio-based 1,4-butanediol production, lowering prices and enhancing accessibility.
