The global butanediol market size was USD 10.84 Billion in 2021 and is expected to register a revenue CAGR of 8.18% during the forecast period. Butanediol market revenue growth is primarily driven by factors such as rising demand for Spandex fabrics for stretchable apparels in various sectors, increasing use of Tetrahydrofuran (THF) as a small-scale solvent for dissolving photosensitive resins, and a rise in number of construction and architectural development requiring electrical housing. In addition, increasing adoption of Polybutylene Terephthalate (PBT) in the automotive industry for producing Car Bumpers and metal parts for car engines is another factor projected to drive revenue growth of the market from 2019 to 2030.
1,4-Butanediol, also known as 1,4-BDO, is an organic compound containing OH functional group in the first and fourth carbon positions. One of the four stable isomers of butanediol is a colorless and viscous liquid, which has various applications in pharmaceutical, automotive, construction, and chemical industries. One of its primary use is as an industrial solvent for producing plastics, polyurethanes, and elastic fibers. Products such as Gamma-Butyrolactone (GBL), Tetrahydrofuran (THF), and Gamma Hydroxybutyrate (GHB), are obtained from compound upon subsequent reactions, which are being used in the pharmaceutical industry as well as in research laboratories and healthcare sector. Tetrahydrofuran is a versatile solvent miscible in water and most organic solvents.
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Different businesses in the chemicals and materials industries differ in size, geography, business style, and end-market focus. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a wide range of application industries on the other. It is traditional to divide the chemical industry into three major categories: petrochemicals, diversified manufacturers, and specialized industries.
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Moreover, the report provides insight into how the Butanediol market will develop between 2023 and 2030. Companies operating in the Butanediol market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Butanediol market is expected to undergo significant changes that will highly configure its growth.
Furthermore, the report highlights the growth prospects of the Butanediol market and estimates market progress in terms of value (USD million) and volume (thousand units).
BASF SE, Mitsubishi Chemical Corporation, Ashland Inc., SK Global Chemical Co., Ltd., Nan Ya Plastics Corporation, Mitsui & Co., Ltd., Genomatica Inc., Chemtura Corporation, Dairen Chemical Corporation, and Bioamber Inc.
Segments Covered in the report
|By Technology Outlook
|By Application Outlook
|By End-Use Outlook
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Key Questions Answered in This report on the Butanediol Market
The report provides detailed information about the Butanediol market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. The information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the Butanediol market, so as to help them formulate successful strategies and take target-driven decisions.
- How are key market players successfully earning revenue from the advantages of the product?
- What will be the Y-o-Y growth of the Butanediol market between 2023 and 2030?
- What are the winning imperatives of market frontrunners in the Butanediol market?
- Which end-user is expected to undertake maximum adoption of the product during the forecast period?
Research Methodology: Butanediol Market
The research methodology adopted by analysts to compile the Butanediol market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Butanediol market.
During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Butanediol market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Butanediol market.
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