1,4 Butanediol Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 1,4 Butanediol is a colorless, greasy, and viscous liquid with high solubility in water and other substances. It is used to make a variety of other organic chemicals, such as tetrahydrofuran (THF), which is then used to make other chemicals that are intermediates in the manufacturing of spandex fibers, elastomers, and PBT resins. In addition, it serves as a solvent in the manufacture of some liquids, elastic fibers, and polyurethanes. Also, the synthesis of -butyrolactone can also be carried out. Additionally, it is converted into the significant solvent tetrahydrofuran at high temperatures and in the presence of phosphoric acid. Also, it has occasionally been used as a recreational substance. The consumers refer to this recreational drug as "One Comma Four," "Liquid Fantasy," "One Four Bee," or "One Four B-D-O."

The 1,4 Butanediol Market is expected to grow at a steady rate of around 8% owing to the increasing biobased Butanediol coupled with the growing adoption of 1,4 Butanediol in the Tetrahydrofuran industry. Major companies in the market offer 1,4 Butanediol by collaborating with other players to decrease greenhouse gas emissions. For instance, in June 2021, Cargill and HELM started a new joint venture QIRA, a bio-based 1,4-butanediol (BDO) that saves up to 93% of greenhouse gas emissions to build $300M commercial-scale, renewable BDO facility, the first in the US, to meet growing customer demand.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=34449

According to UnivDatos Market Insights (UMI)’ research report “Global 1,4 Butanediol Market”, the market is expected to witness robust growth during the forecast period (2022-2028). As Renewable feedstock is used as both a raw material and a fuel source in manufacturing. As a raw material, it's often used to synthesize environmentally friendly new products like biodegradable plastics. Due to this the growing manufacturing process based on renewable feedstocks is extensively used as they are less expensive, energy efficient, and emit fewer greenhouse emissions that are further accelerating the growth of the 1,4 Butanediol market.

Based on type, the market is segmented into synthetic and bio-based. Bio-based type category is to witness higher CAGR during the forecast period owing to the rising investments in environmentally friendly technologies, which are anticipated to advance current procedures and increase the overall effectiveness of bio-based butanediol in the market. For instance, in Feb 2022, Lummus and Synthos Advanced Bio-Butadiene Technology Development to Produce Sustainable Rubber. Furthermore, the entry of global players into emerging markets adds to the growth of the market. For instance, In June 2021, Cargill and HELM decided to build a bio-based intermediate production facility at Cargill’s existing biotechnology campus and corn refining operation in Eddyville, Iowa to meet the demands specification of product supply chains.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=34449

Based on the application, the market is categorized into tetrahydrofuran (THF), polybutylene terephthalate (PBT), gamma-butyrolactone (GBL), polyurethane (PU), and others. Among these, tetrahydrofuran (THF) is expected to grow at a significant CAGR. This is mainly due to the advantages of THF in the creation of PU stretch fibers, coatings, adhesives, printing inks, magnetic tapes, and as a solvent for reactions. Also, the increasing use for producing Polytetramethylene Glycol (PTMEG), which is a polymer that is extensively utilized for manufacturing urethane elastomers and fibers. In addition, the THF has been witnessing the highest adoption from the athletic and sportswear industry as the growing health, fitness, and sports awareness can be seen across the globe.

Based on the end-user, the 1,4 Butanediol market has been classified into automotive, healthcare & pharmaceutical, textile, electrical & electronics, and others. The textile industry is expected to grow with a robust CAGR during the forecast period. This is mainly attributed because of wearing comfortable clothing which is produced from spandex fiber. Spandex is a lightweight, soft, smooth synthetic fiber with a unique elasticity. Due to its elastic property, it is used in making stretchable clothing. In addition, the manufacturer of raw materials, yarns, fabrics, apparel, home furnishings, and other textile finished products is also further accelerating the growth of the market. Furthermore, many governments regulatory bodies are expanding the business aspect of the country by investing in different industries. For instance, in Dec 20222, according to the textile department, the Indian government set a target of Rs 36,000 crore investment in the sector.

APAC to witness extensive growth.

For a better understanding of the market adoption of the 1,4 Butanediol industry, the market is analyzed based on its worldwide presence in the countries such as North America (The United States, Canada, Rest of North America), Europe (Germany, The United Kingdom, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed due to the cost-effective and easy availability of skilled labor and land in the region. Also, the growth in the industrial sector in developing nations, particularly in China and India countries are increasing the demand for 1,4 Butanediol industry within the region. For instance, in Nov 2021, IndianOil Board greenlighted the setting up of India's first mega-scale Maleic Anhydride Plant to manufacture value-added chemical products at its Panipat Refinery and Petroleum Complex (PRPC). That is used to make specialty products like polyester resins and surface coatings plasticizers, agrochemicals, and lubricant additives. The plant will also manufacture 20 KTA of 1,4-Butanediol (BDO) that finds applications in Poly Urethanes (PU), Poly Butylene Terephthalates (PBT) - an engineering grade plastic and biodegradable fibers.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the 1,4 Butanediol Market are BASF SE, Nan Ya Plastics Corp, Sinopec Yizheng Chemical Fibre Limited, Dairen Chemical Corporation, Genomatica, Ashland Global Specialty Chemicals Inc., Mitsubishi Chemical Corporation, SK Global Chemical Co. Ltd., BioAmber Inc., Chemtura Corporation.

“Global 1,4 Butanediol Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

Market Segmentation:

1.      By Type (Synthetic and Bio-Based)

2.      By Application (Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-butyrolactone (GBL), Polyurethane (PU), and Others)

3.      By End-User (Automotive, Healthcare & Pharmaceutical, Textile, Electrical & Electronics, and Others)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (BASF SE, Nan Ya Plastics Corp, Sinopec Yizheng Chemical Fibre Limited, Dairen Chemical Corporation, Genomatica, Ashland Global Specialty Chemicals Inc., Mitsubishi Chemical Corporation, SK Global Chemical Co. Ltd., BioAmber Inc., Chemtura Corporation)

Key questions answered in the study:

1.      What are the current and future trends of the global 1,4 butanediol market industry?

2.      How the industry has been evolving in terms of type, application, and end-user?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global 1,4 butanediol market industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global 1,4 butanediol market suppliers across various region and countries?