Press release
1,4 Butanediol Global Market Growth Fueled by Demand in Various Sectors: Expected to Reach $14.24 Billion by 2029
1, 4 Butanediol Market Size
Projection for 1,4 Butanediol Global Market to See Strong Growth by 2029_x000D_
• The 1,4 butanediol market size has grown steadily from $9.55 billion in 2024 to $10.36 billion in 2025, marking a compound annual growth rate (CAGR) of 8.4%._x000D_
• This growth in the historic period can be attributed to demand from polybutylene terephthalate (PBT) production, growing textile industry usage, expansion in the automotive sector, increasing demand for tetrahydrofuran (THF), and use in pharmaceutical and cosmetic products._x000D_
• Predicted expansion shows the market size will grow to $14.24 billion in 2029 at a CAGR of 8.3%, stimulated by growth in bio-based 1,4 butanediol production, expanding end-use applications, rising demand for polyurethane, increased adoption in resin and coating formulations, and a focus on sustainable chemical production._x000D_
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What Is Driving The Growth In The 1, 4 Butanediol Global Market Report 2024?_x000D_
Growth in the 1,4-butanediol market is largely impacted by the increasing automotive sector. With the rise in vehicle creation, distribution, sale, and maintenance, various automobile parts such as bumpers, fenders, spoilers, and automobile front and rear end fascia, require urethane elastomers made from 1,4-butanediol, boosting its demand. As reported by the European Automobile Manufacturers' Association, there was a 3.9% increase in new car registrations throughout the initial seven months of 2024 further motivating the market._x000D_
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Request a free sample copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=9783&type=smp_x000D_
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Who Are the Key Players Driving 1, 4 Butanediol Global Market Report 2024 Growth?_x000D_
• BASF SE_x000D_
• Ashland Global Holdings Inc._x000D_
• Mitsubishi Chemical Corporation_x000D_
• SK Global Chemical Co Ltd._x000D_
• Dairen Chemical Corporation_x000D_
• LyondellBasell Industries NV_x000D_
• Dow Inc._x000D_
• Genomatica Inc._x000D_
• Xinjiang Tianye Co Ltd._x000D_
• Koch Industries_x000D_
• PTT Global Chemical Public Company Limited_x000D_
• Saudi International Petrochemical Company_x000D_
• Chongqing Jianfeng Chemical Co Ltd._x000D_
• DCC plc._x000D_
• Nan Ya Plastics Corporation_x000D_
• Sinopec Yizheng Chemical Fibre Company Limited_x000D_
• Shanxi Sanwei Group Co. Ltd_x000D_
• Invista S.à r.l._x000D_
• Nanjing Bluestar Co. Ltd._x000D_
• Oxea GmbH_x000D_
• TCC Group_x000D_
• Formosa Plastics Corporation_x000D_
• International Specialty Products_x000D_
• Huntsman Corporation_x000D_
• Myriant Corporation_x000D_
• Davy Process Technology_x000D_
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What Are The Key Trends In The 1, 4 Butanediol Global Market Report 2024?_x000D_
The forecast period is witnessing several major trends such as:_x000D_
• Market expansion in Asia-Pacific_x000D_
• Technological advancements in production_x000D_
• Fluctuations in raw material prices_x000D_
• Innovation in product applications_x000D_
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What Are The Segments Of The Global 1, 4 Butanediol Global Market Report 2024?_x000D_
1) By Type: Synthetic, Bio Based_x000D_
2) By Application: Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma Butyrolactone (GBL), Polyurethane (PU), Others_x000D_
3) By End-Use: Chemical, Sports, Automotive, Electronic, Footwear, Others_x000D_
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Which Region Leads The 1, 4 Butanediol Global Market Report 2024?_x000D_
Asia-Pacific was the largest region in the 1,4 butanediol market in 2024 with other major regions including Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa._x000D_
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What Is Covered In The 1, 4 Butanediol Global Market Report 2024 Global Market Report?_x000D_
- Market Size Analysis: Analyze the 1, 4 Butanediol Global Market Report 2024 size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the 1, 4 Butanediol Global Market Report 2024 for effective categorization._x000D_
- Key Player Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall 1, 4 Butanediol Global Market Report 2024 growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the 1, 4 Butanediol Global Market Report 2024._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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