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1, 4 Butanediol Market 2023 - Business Analysis, Development Outlook, Regional Strategies And Outlook By 2032
1, 4 Butanediol Market
1, 4 Butanediol Market Size, Growth Rate, And Forecast
The global 1,4 butanediol market size is expected to grow from $8.19 billion in 2022 to $8.89 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global 1,4 butanediol market size is expected to reach $11.93 billion in 2027 at a CAGR of 7.6%.
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1, 4 Butanediol Market Drivers
The increasing automotive sector is expected to propel the growth of the 1,4-butanediol market in the coming future. The automotive sector encompasses businesses involved in the creation, distribution, sale, and upkeep of automobiles. In automotive sector, the manufacture of vehicle's bumpers, fenders, spoilers, and automobile front and rear end fascia require urethane elastomers made from 1,4-butanediol.
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1, 4 Butanediol Market Segments
• By Type: Synthetic, Bio Based
• By Application: Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma Butyrolactone (GBL), Polyurethane (PU), Others
• By End-Use: Chemical, Sports, Automotive, Electronic, Footwear, Others
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the 1, 4 Butanediol market.
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1, 4 Butanediol Market Key Players
Major competitors in the 1, 4 Butanediol market include BioAmber Inc., BASF SE, Ashland Inc., Mitsubishi Chemical Corporation, SK Global Chemical Co Ltd.
The Business Research Company's "Global 1, 4 Butanediol Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The 1, 4 Butanediol Market Include:
1. Executive Summary
2. 1, 4 Butanediol Market Characteristics
3. 1, 4 Butanediol Market Trends And Strategies
4. 1, 4 Butanediol Market - Macro Economic Scenario
5. 1, 4 Butanediol Market Size And Growth
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26. Africa 1, 4 Butanediol Market
27. 1, 4 Butanediol Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The 1, 4 Butanediol Market
29. 1, 4 Butanediol Market Future Outlook and Potential Analysis
30. Appendix
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