Allied Market Research

2024

1,4 Butanediol Market

1,4 Butanediol Market Size, Share, Competitive Landscape and Trend Analysis Report by Technology and by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Renewable, Speciality and fine chemicals

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Author's: | Eswara Prasad
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1,4 Butanediol Market Analysis

1,4 Butanediol known as BD is a primary alcohol as well as an organic compound that is used in the manufacturing of many industrial applications such as plastics, pesticides, medicine, solvents, makeup and others. The formula for 1,4 Butanediol is HOCH2CH2CH2CH2OH.The worldwide use of 1,4 Butanediol for Industrial and medicinal manufacturing are the factors that drives the 1,4 Butanediol Market. The butanediol intermediate is a flexible diol precursor that may be used to make a variety of derivatives such as esters, carbamates, polyesters, and urethanes. It's mostly employed as a co-monomer in traditional diol-condensation processes with terephthalic acid to make polybutylene terephthalate (PBT), with diisocyanatos to make polyurethanes, and with diacids to make biodegradable polyesters. In tiny doses, 1,4-butanediol is harmless. When taken in large doses, the drug can cause nausea, vomiting, dizziness, drowsiness, vertigo, or even death. When combined with alcohol, anxiolytic effects are reduced and adverse effects are exacerbated.

COVID-19 Impact analysis

  • 1,4 Butanediol, extensively used for the manufacturing of polybutylene terephthalate (PBT) has suffered immensely because demand for polybutylene terephthalate (PBT) was drastically affected, due to the downfall of the automotive industry.
  • The pharmaceutical industries suffered a minimal impact during the COVID-19 outbreak, due to the high demand for medicines worldwide and almost no lockdown situation for the pharmaceutical industries.
  • Due to the lockdown in China, the manufacturing industries and automotive industries were greatly impacted as China is one of the top leaders of these industries. This has highlighted the dependency on China. Owing to this, many companies have decided to shift their businesses in the U.S and European regions to lessen risks.

Top Impacting Factors:

The global BDO market is expected to be driven by rising demand in the chemical sector for manufacturing derivatives such as THF (Tetrahydrofuran), PTMEG (Poly-tetramethyl-Ether-Glycol), and GBL (Gamma-butyrolactone). Butanediol demand is expected to rise in the future due to a shortage of local manufacturing units and technological advancements that are currently being examined by major players in the industry. New BDO and derivatives capacity in Asia-Pacific can boost the market and promote new derivatives investment. Due to COVID-19, the global 1,4 butanediol market was negatively impacted. It has caused significant downfall in the demand for 1,4 Butanediol; thus, COVID-19 is one the top factors that impacted the 1,4 butanediol market greatly.

Market Trends

  • Ashland is increasing prices on 1,4-Butanediol (BDO) and several derivative products such as gamma Butyrolactone, n-methyl-pyrrolidone and 2 pyrrolidone. The increases apply to Europe and are effective from April 1, 2021, or as agreements allow”
  • The production factory for 1,4 Butanediol in Chiba, Japan, will be shut down by a joint venture between BASF and Idemitsu.
  • 1,4-Butanediol (BDO) in Chiba, Japan. “The closure of the Chiba plant has become inevitable due to a declining BDO market size in Japan and significant overcapacities in Asia, due to recent investments into new coal-based BDO production sites,” said Masaru Saitoh, President, BIC.
  • The global 1,4 butanediol market is expected to witness a boom in the following few years owing to increase in its demand across the globe. Many countries such as India, Japan, and China, have decided to take new initiatives for the automotive industry, which is expected to lead to a favorable situation for the 1,4 Butanediol market.

Key Benefits of the Report

  • This study presents the analytical depiction of the 1,4-butanediol industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the 1,4 Butanediol market share.
  • The current market is quantitatively analyzed to highlight the 1,4 Butanediol market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed 1,4 Butanediol market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the 1,4-butanediol Report

  • Who are the leading market players active in the 1,4 butanediol market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?

Upcoming Report specific FAQs Examples: Can be utilized randomly 4-5 FAQs per RD OR other from own suggestions, suitable for upcoming report.

  • What is " 1,4-Butanediol "?
  • What does “1, 4-Butanediol” allow organizations to achieve?
  • Which technologies combine to make "1,4-Butanediol" a critical organizational asset?
  • What is "1,4-Butanediol" Market prediction in the future?
  • Who are the leading global players in the "1,4-Butanediol" Market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the "1,4-Butanediol" Market?
  • What are the key benefits of the "1,4-Butanediol" Market report?
  • What will be the anticipated growth rates for your own 1,4 Butanediol Market economy altogether and also for every segment inside?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • ​​​What are the driving factors and opportunities in the market?

1,4 Butanediol Market Report Highlights

Aspects Details
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By Technology
  • Gamma-Butyrolactone (GBL)
  • Gamma-Hydroxybutyric Acid (GHB)
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By Application
  • Polyester Plasticizers
    • Polyesters
    • Thermoplastic Polyesters
    • Tetrahydrofuran & PTMEG
    • Others
  • Industry Vertical
    • Chemical & Petrochemical
    • Oil & Gas
    • Energy & Power
    • Automotive
    • Food & Beverage
    • Healthcare
    • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

KH Chemicals., Shanxi Sanwei Group Co, Dairen Chemical Corporation, Bioamber Inc, LyondellBasell Industries Holdings B.V., Xinjiang Tianye (Group) Co., Ltd, Sinopec Yizheng Chemical Fibre Limited, Mitsubishi Chemical Corporation, NAN YA PLASTICS CORPORATION, SK global chemical Co., Ltd, Liability Company

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1, 4 Butanediol Market

Global Opportunity Analysis and Industry Forecast, 2023-2032