Global 1,4 Butanediol Market Statistics: USD 12.7 Billion Value by 2032

Summary:

• The global 1,4 butanediol market size reached USD 7.7 Billion in 2023.
• The market is expected to reach USD 12.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.57% during 2024-2032.
• Asia Pacific leads the market, accounting for the largest 1,4 butanediol market share.
• On the basis of the type, the market has been bifurcated into synthetic and bio-based.
• Tetrahydrofuran (THF) holds the largest share in the 1,4 butanediol industry.
• Textile remain a dominant segment in the market, as this industry relies on BDO to meet the growing garment production needs.
• The rising demand for polybutylene terephthalate (PBT) is a primary driver of the 1,4 butanediol market.
• The growing production of spandex fiber is reshaping the 1,4 butanediol market.

Industry Trends and Drivers:

• Increasing demand for polybutylene terephthalate (PBT):

PBT is a thermoplastic engineering polymer that is commonly utilized in a variety of sectors due to its strength, durability, and chemical resistance. 1,4-butanediol (BDO) is an important step in the synthesis of PBT. As the demand for PBT increases, so does the need for 1,4-butanediol. The automobile sector is a major user of PBT since it is used to make components such as connections, sensors, and housings that must endure heat and mechanical stress. The expanding use of lightweight materials in automobiles to enhance fuel efficiency and minimize emissions is increasing PBT demand, which is driving up BDO use.

• Growth in spandex fiber production:

Tetrahydrofuran (THF) is produced using 1,4-butanediol, which is then polymerized to form polytetramethylene ether glycol (PTMEG). PTMEG is required for spandex fiber synthesis due of its flexibility, strength, and elasticity. As global demand for spandex rises, more BDO is required to make the requisite THF and PTMEG, which drives the market for 1,4-butanediol. The global movement toward health and fitness, combined with the growing popularity of athleisure clothing, has greatly increased demand for spandex fibers. These fibers are commonly used in sportswear, yoga trousers, leggings, and other activewear due to their elasticity and comfort. The rising activewear market directly drives up demand for spandex, increasing the requirement for BDO throughout the production chain.

• Expansion of the pharmaceutical sector:

1,4-butanediol is widely used as a solvent and a chemical intermediate in the synthesis of pharmaceutical compounds. It is involved in producing active pharmaceutical ingredients (APIs) and other essential drugs. As the pharmaceutical industry expands globally, the demand for BDO increases to meet the production needs of these drugs. BDO is a key raw material in the production of gamma-butyrolactone (GBL), a solvent and precursor in many pharmaceutical processes. GBL is used in the synthesis of drugs such as antibiotics and tranquilizers. As pharmaceutical production scales up to meet global healthcare needs, the consumption of BDO for GBL production rises correspondingly.

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1,4 Butanediol Market Report Segmentation:

Breakup By Type:

• Synthetic
• Bio-based

On the basis of the type, the market has been bifurcated into synthetic and bio-based.

Breakup By Derivative:

• Tetrahydrofuran (THF)
• Polybutylene Terephthalate (PBT)
• Gamma-Butyrolactone (GBL)
• Polyurethane (PU)
• Others

Tetrahydrofuran (THF) represents the largest segment because THF is a key intermediate used in the production of polytetramethylene ether glycol (PTMEG), which is essential for spandex fibers and other elastomers, driving its demand in various industries.

Breakup By End Use Industry:

• Textile
• Automotive
• Healthcare and Pharmaceutical
• Electrical and Electronics
• Others

Textile accounts for the majority of the market share as spandex fibers, which are widely used in the textile industry, rely heavily on 1,4-butanediol for the production of PTMEG, a crucial component in their manufacturing.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific enjoys the leading position in the 1,4-butanediol market due to the region’s robust textile, automotive, and chemical industries, along with the presence of major BDO producers in countries like China and India.

Top 1,4 Butanediol Market Leaders: 

The 1,4 butanediol market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• Ashland Inc.
• BASF SE
• China Petroleum & Chemical Corporation (China Petrochemical Corporation)
• Dairen Chemical Corporation
• Genomatica Inc
• KH Chemicals BV (Ravago S.A.)
• Lanxess AG
• LyondellBasell Industries N.V.
• Mitsubishi Chemical Corporation
• Nan Ya Plastics Corporation
• Shanxi Sanwei Group Co. Ltd.
• Sipchem Company and Xinjiang Blue Ridge Tunhe Sci.&Tech. Co. Ltd.

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