1, 4 Butanediol (BDO) Market Growth Probability, Leading Vendors and Future Scenario By 2024-2031

1, 4 butanediol market is anticipated to grow at a CAGR of 3.9% during the forecast period (2024-2031). 1, 4 Butanediol (BDO) is a primary alcohol with dual functionality, manufactured through various methods primarily from petrochemical sources. The dilating use of polyurethanes, for foams and adhesive making, lightweight and durable properties reduce car weight, improving fuel efficiency and environmental performance and tetrahydrofuran, employed in the production of various elastomers and coatings, thereby, driving the 1,4 butanediol market as it is used for extraction of these materials.

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Rising concerns regarding the environment, increment in the adaption of sustainable ways, advancement in technology, and government incentives, further accompanied by rising demand for 1,4 butanediol as a raw material in healthcare and pharmaceutical industries accelerate the market growth. However, variations in the cost of raw materials impeding the supply chain, complications regarding safety measures, and regulation changes can hinder the growth of the market.

Asia Pacific has the leading market share of the 1, 4 butanediol market. The regional growth is attributed to the expeditious growth in China and India owing to the flourishing electronic, textile, and automobile sectors.

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Recent Developments

In May 2024, the LYCRA Company partnered with Dairen Chemical Corporation (DCC) to convert QIRA-a new generation of 1, 4 butanediol (BDO)-into environmentally friendly PTMEG, and essential for bio-derived LYCRA fiber. Dairen is set to pioneer large-scale production of this sustainable bio-PTMEG, marking a significant advancement in textile innovation.

Global 1, 4 Butanediol Market Report Segment

By Application

· Gamma-Butyrolactone

· Poly Butylenes Terephthalate (PBT)

· Polyurethane

· Tetrahydrofuran

By End-Users

· Automotive Industry

· Electrical And Electronics

· Chemical Industry

· Footwear Industry

· Sports Industry

Competitive Landscape: Ashland Inc., BASF SE, Dairen Chemical Corp., Nan Ya Plastic Corp., and Mitsubishi Chemical Corp. among others.

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