Press release
1,4-Butanediol Market worth $24.45 billion by 2030, growing at a CAGR of 9.72% - Exclusive Report by 360iResearch
The "1,4-Butanediol Market by Technology (Butadiene Process, Davy Process, Propylene Oxide Process), Derivatives (Gamma-Butyrolactone, Polybutylene Terephthalate, Polyurethanes), End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.The Global 1,4-Butanediol Market to grow from USD 12.77 billion in 2023 to USD 24.45 billion by 2030, at a CAGR of 9.72%.
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1,4-Butanediol (BDO) is an organic compound with the chemical formula C4H10O2, classified as a diol due to its two hydroxyl (alcohol) groups. It is a colorless, viscous liquid commonly used as a solvent and in the production of various plastics, elastic fibers, and polyurethanes. A variety of factors influences the adoption of 1,4-Butanediol The drivers propelling the demand for BDO include its extensive use in manufacturing spandex for clothing and polybutylene terephthalate (PBT) for engineering plastics, which are materials in high demand in the textiles and automotive industries, respectively. Additionally, advancements in biotechnological production methods are encouraging sustainable and eco-friendly production processes, further boosting their demand. However, the restraints include the volatility in the price of raw materials and stringent environmental regulations owing to the toxic nature of conventional BDO production methods. Challenges include the need to optimize manufacturing to reduce environmental impact and maintain consistency in quality. Companies operating within the sector must navigate ongoing geopolitical tensions and trade disputes that can impact the global supply chain. Moreover, there are significant opportunities for growth, including the burgeoning electric vehicle industry's demands for high-performance plastics, where BDO is a key ingredient. The development of bio-based 1,4-Butanediol is another lucrative area, with the potential to tap into the demand for sustainable chemicals. Companies that focus on innovation in production technology to make environmentally friendly BDO can capture a larger market share and benefit from potential premium pricing for greener products. Expanding and emerging economies present lucrative opportunities for increasing the consumption of BDO-related products.
Market Segmentation & Coverage:
This research report categorizes the 1,4-Butanediol Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Technology, market is studied across Butadiene Process, Davy Process, Propylene Oxide Process, and Reppe Process. The Butadiene Process is projected to witness significant market share during forecast period.
Based on Derivatives, market is studied across Gamma-Butyrolactone, Polybutylene Terephthalate, Polyurethanes, and Tetrahydrofuran. The Tetrahydrofuran is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Automotive, Electrical & Electronics, Healthcare & Pharmaceutical, and Textile. The Automotive is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the 1,4-Butanediol Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the 1,4-Butanediol Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the 1,4-Butanediol Market, highlighting leading vendors and their innovative profiles. These include Ashland Inc., BASF SE, BioAmber Inc., Chongqing JianFeng Chemical Co., Ltd., Dairen Chemical Corporation, Evonik Industries AG, Formosa Plastics Corporation, INEOS Group Limited, JSR Corporation, Koch Industries, Inc., Lanxess AG, LG Chem Ltd, LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, PPG Industries, Inc., Repsol S.A., Saudi International Petrochemical Company, SK Global Chemical Co. Ltd., and The Dow Chemical Company.
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. 1,4-Butanediol Market, by Technology
7. 1,4-Butanediol Market, by Derivatives
8. 1,4-Butanediol Market, by End-User
9. Americas 1,4-Butanediol Market
10. Asia-Pacific 1,4-Butanediol Market
11. Europe, Middle East & Africa 1,4-Butanediol Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the 1,4-Butanediol Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the 1,4-Butanediol Market?
3. What is the competitive strategic window for opportunities in the 1,4-Butanediol Market?
4. What are the technology trends and regulatory frameworks in the 1,4-Butanediol Market?
5. What is the market share of the leading vendors in the 1,4-Butanediol Market?
6. What modes and strategic moves are considered suitable for entering the 1,4-Butanediol Market?
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