1, 4 Butanediol Market Research, 2033
The global 1, 4 butanediol market was valued at $6.8 billion in 2023, and is projected to reach $11.7 billion by 2033, growing at a CAGR of 5.5% from 2024 to 2033.
Market Introduction and Definition
1, 4-Butanediol (BDO) is a colorless, viscous organic compound that is widely used in industrial applications as a solvent, plasticizer, and as an intermediate in the production of polyurethanes, polyesters, and spandex fibers. BDO is also utilized in the manufacture of tetrahydrofuran (THF) , a solvent for various polymers. It is produced through several methods, including the Reppe process, Davy process, and via biological fermentation. While BDO has legitimate industrial uses, it is also a precursor to gamma-hydroxybutyrate (GHB) , a substance with potential for abuse. Its handling requires careful regulation to prevent misuse, while ensuring its availability for essential industrial applications.
Key Takeaways
- The report provides competitive dynamics by evaluating business segments, product portfolios, target market revenue, geographical presence and key strategic developments by prominent manufacturers.
- The 1, 4 butanediol market is fragmented in nature among prominent companies such as DCC, BASF SE, Otto Chemie Pvt. Ltd., NOVEL CHEM, Suvchem, Henan GP Chemicals Co., Ltd, Tokyo Chemical Industry Co., Ltd. (TCI) , Univar Solutions LLC, Genomatica, Inc., and Shandong LanDian Biological Technology Co., LTD.
- The study contains qualitative information such as the market dynamics (drivers, restraints, challenges, and opportunities) , public policy analysis, pricing analysis, and Porter’s Five Force Analysis across North America, Europe, Asia-Pacific, LAMEA regions.
- Latest trends in global 1, 4 butanediol market such as undergoing R&D activities, regulatory guidelines, and government initiatives are analyzed across 16 countries in 4 different regions.
- More than 1, 600 1, 4 butanediol related product literatures, industry releases, annual reports, and other such documents of key industry participants along with authentic industry journals and government websites have been reviewed for generating high-value industry insights for global 1, 4 butanediol market.
Key Market Segments
- By Product Type
- By Application
- Gamma butyrolactone (GBL)
- Polyurethane (PU)
- Tetrahydrofuran (THF)
- Polybutylene terephthalate (PBT)
- Others
- By End-Use Industry
- Automotive
- Pharmaceutical
- Electrical and Electronics
- Personal Care and Cosmetics
- Others
- By Region
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Shandong LanDian Biological Technology Co., LTD.
- Tokyo Chemical Industry Co., Ltd. (TCI)
- Otto Chemie Pvt. Ltd.
- BASF SE
- DCC
- NOVEL CHEM
- Genomatica, Inc.
- Suvchem
- Univar Solutions LLC
- Henan GP Chemicals Co.,Ltd