The 1, 4 butanediol market size has shown substantial growth in recent years. The market will escalate from $9.55 billion in 2024 to $10.36 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. This incremental growth throughout the historic period can be ascribed to rising demand from polybutylene terephthalate (PBT) production, growing textile industry usage, expansion in the automotive sector, increasing demand for tetrahydrofuran (THF), and versatile applications in pharmaceutical and cosmetic products.
The 1, 4 butanediol market size is projected to see robust growth in the forthcoming years. The market will surge to $14.24 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. This growth in the forecast period can be attributed to the surge in bio-based 1,4-butanediol production, expanding end-use applications, rising demand for polyurethane, and increased usage in resin and coating formulations. Additionally, significant trends to be seen in the forecast period include market expansion in Asia-Pacific, technological advancements in production, fluctuations in raw material prices, and innovation in product applications.
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What Factors Could Propel The 1, 4 Butanediol Market Expansion?
The escalating growth of the automotive sector is anticipated to spur the growth of the 1,4-butanediol market. The sector comprises businesses involved in the creation, distribution, sale, and upkeep of automobiles. The manufacture of automobile components like bumpers, fenders, spoilers, and front and rear end fascia require urethane elastomers made from 1,4-butanediol, intensifying the demand for 1,4-butanediol.
Which Are The Dominating Segments In The Global 1, 4 Butanediol Market?
– By Type: Synthetic, Bio Based
– By Application: Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma Butyrolactone (GBL), Polyurethane (PU), Others
– By End-Use: Chemical, Sports, Automotive, Electronic, Footwear, Others
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Which Companies Are Shaping The Trends In The 1, 4 Butanediol Market?
Major market players include BASF SE, Ashland Global Holdings Inc., Mitsubishi Chemical Corporation, SK Global Chemical Co Ltd., Dairen Chemical Corporation, LyondellBasell Industries NV, Dow Inc., Genomatica Inc., Xinjiang Tianye Co Ltd., Koch Industries, and others.
What Recent Trends Are Influencing The 1, 4 Butanediol Market?
Product innovation is an emerging trend in the 1,4-butanediol market. Numerous companies are focusing on developing innovative products to consolidate their market positioning.
Which Region Held The Largest Market Share In The 1, 4 Butanediol Market?
Asia-Pacific had the largest regional share in the 1,4 butanediol market of 2024. The other regions covered in this report include Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The 1, 4 Butanediol Market Report 2025 Offer?
1,4-Butanediol is a colorless, water-soluble, thick fluid with a high boiling point (230°C) at room temperature. It sees usage as a source of gamma-hydroxybutyrate (GHB), a recreational drug, and in the synthesis of various organic compounds, especially the solvent oxolane. The 1, 4 Butanediol Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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