The 1,4-Butanediol Market is Predict to reach USD 4.4 Billion by 2031, at a CAGR of 7.5%

Special Offering :

Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support

1,4-Butanediol Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global 1,4-Butanediol Market size is expected to reach $12.7 billion by 2031, rising at a market growth of 7.5% CAGR during the forecast period. In the year 2023, the market attained a volume of 2,999.4 Kilo Tonnes experiencing a growth of 25.7% (2020-2023).

The Synthetic segment is registering a CAGR of 7.2 % during the forecast period. Synthetic 1,4-butanediol remains dominant due to established production processes and cost efficiencies. Technological advancements in synthetic production methods have enhanced yield and reduced production costs, making synthetic BDO competitive even against bio-based variants.

1,4-Butanediol Market Size - By Region

The Reppe Process segment led the Global 1,4-Butanediol Market by Technology in 2023; thereby, achieving a market value of $5.4 billion by 2031. This prominence can be attributed to the Reppe process's efficiency and cost-effectiveness in producing high-purity BDO, making it the preferred method for large-scale industrial applications.

The Tetrahydrofuran segment is growing at a CAGR of 6.9 % during the forecast period. Tetrahydrofuran (THF) is widely used as an industrial solvent in manufacturing various chemicals and pharmaceuticals. Its application in producing adhesives and coatings and as a solvent in Grignard reactions and polymerization processes underscores its importance.

Full Report: https://www.kbvresearch.com/1-4-butanediol-market/

The Asia Pacific region dominated the Global 1,4-Butanediol Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6.1 billion by 2031. The North America region is anticipated to grow at a CAGR of 7.3% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 7.8% during (2024 - 2031).

List of Key Companies Profiled

Lonza Group Ltd.
BASF SE
Mitsubishi Chemical Holdings Corporation
Nan Ya Plastics Corp. (NPC)
Sipchem Company
Ashland Inc.
INEOS Group Holdings S.A.
Evonik Industries AG (RAG-Stiftung)
LyondellBasell Industries Holdings B.V.
Sinopec Group (China Petrochemical Corporation)

1,4-Butanediol Market Report Segmentation

By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

Synthetic
Bio-based

By Technology

Reppe Process
Davy Process
Butadine Process
Propylene Oxide Process
Others

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

Tetrahydrofuran
Polybutylene Terephthalate
Gamma Butyrolactone
Polyurethane
Others

By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA

Related Reports:

SUBSCRIPTION MODEL

The 1,4-Butanediol Market is Predict to reach USD 4.4 Billion by 2031, at a CAGR of 7.5%

Special Offering :

1,4-Butanediol Market Growth, Trends and Report Highlights

List of Key Companies Profiled

1,4-Butanediol Market Report Segmentation

North America 1,4-Butanediol Market Size | Share Report 2031

LAMEA 1,4-Butanediol Market Size, Trends Report 2031

Europe 1,4-Butanediol Market Size & Growth Analysis 2031

Asia Pacific 1,4-Butanediol Market Size, Share Report 2031