The 1, 4 Butanediol Global Market Report 2023, provides comprehensive information on the 1, 4 butanediol market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global 1,4 butanediol market size is expected to grow from $8.19 billion in 2022 to $8.89 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global 1,4 butanediol market size is expected to reach $11.93 billion in 2027 at a CAGR of 7.6%.
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Product innovation is the key trend gaining popularity in the 1,4-butanediol market. Major companies operating in the 1,4-butanediol market are focused on developing innovative products to strengthen their position in the market. For instance, in May 2022, Yuanli Chemical Group Co., Ltd., a China-based company that is primarily involved in the invention, manufacturing, and marketing of fine chemicals, launched bio-BDO. Bio-BDO has a wide range of potential applications, including those for Spandex, biodegradable polymers, polyurethane, shoe materials, and novel energy batteries, among others. Bio-BDO offers the benefits of being green, renewable, energy-efficient, and emission-reducing, which will not harm the environment, and is a green product to fulfill the development criteria of carbon emission reduction, offering new options for users.
The 1, 4 butanediol market is segmented:
1) By Type: Synthetic, Bio Based
2) By Application: Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma Butyrolactone (GBL), Polyurethane (PU), Others
3) By End-Use: Chemical, Sports, Automotive, Electronic, Footwear, Others
Asia-Pacific was the largest region in the 1, 4 butanediol market in 2022.
Major Players:
The table of contents in TBRC’s 1, 4 butanediol market report includes:
1. Executive Summary
2. 1, 4 Butanediol Market Characteristics
3. 1, 4 Butanediol Market Trends And Strategies
4. 1, 4 Butanediol Market – Macro Economic Scenario
5. 1, 4 Butanediol Market Size And Growth
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26. Africa 1, 4 Butanediol Market
27. 1, 4 Butanediol Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The 1, 4 Butanediol Market
29. 1, 4 Butanediol Market Future Outlook and Potential Analysis
30. Appendix
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