1,4 Butanediol Market Share, Growth, and Trends Forecast 2024-2032

Global 1,4 Butanediol Industry: Key Statistics and Insights in 2024-2032 Summary: <ul> <li>The global <a href="https://www.imarcgroup.com/1-4-butanediol-market">1,4 butanediol market</a> size reached USD 7.7 Billion in 2023.</li> <li>The market is expected to reach USD 12.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.57% during 2024-2032.</li> <li>Asia Pacific leads the market, accounting for the largest 1,4 butanediol market share.</li> <li>On the basis of the type, the market has been bifurcated into synthetic and bio-based.</li> <li>Tetrahydrofuran (THF) holds the largest share in the 1,4 butanediol industry.</li> <li>Textile remain a dominant segment in the market, as this industry relies on BDO to meet the growing garment production needs.</li> <li>The rising demand for polybutylene terephthalate (PBT) is a primary driver of the 1,4 butanediol market.</li> <li>The growing production of spandex fiber is reshaping the 1,4 butanediol market.</li> </ul> Industry Trends and Drivers: <ul> <li>Increasing demand for polybutylene terephthalate (PBT):</li> </ul> PBT is a strong, durable polymer known for its chemical resistance. 1,4-butanediol (BDO) is essential in making PBT. As PBT demand rises, so does the need for BDO. The car industry heavily uses PBT. It produces parts that resist heat and stress, such as connectors, sensors, and housings. There's a growing trend in cars towards lightweight materials. This aims to improve fuel efficiency and reduce emissions. Consequently, this trend boosts PBT demand and, in turn, the need for BDO. <ul> <li>Growth in spandex fiber production:</li> </ul> Tetrahydrofuran (THF) is made from 1,4-butanediol (BDO). Then, THF turns into polytetramethylene ether glycol (PTMEG). PTMEG is crucial for spandex fibers. It's prized for flexibility, strength, and elasticity. As spandex demand rises, so does the need for BDO. This, in turn, boosts the BDO market. Health and fitness trends are key drivers. They increase the demand for spandex. The popularity of athleisure clothing also contributes. Spandex is favored in sportswear, yoga pants, and leggings. Its comfort and elasticity make it ideal. This surge in activewear further boosts spandex demand. Consequently, the need for BDO in production increases. <ul> <li>Expansion of the pharmaceutical sector:</li> </ul> 1,4-butanediol (BDO) is key in pharmaceuticals. It's a solvent and aids in drug production. BDO is essential for making active pharmaceutical ingredients (APIs). The expanding pharmaceutical market increases BDO demand. It's also needed to produce gamma-butyrolactone (GBL), another key compound. GBL is vital in making antibiotics and tranquilizers. As the demand for these drugs rises, so does the need for BDO. Request for a sample copy of this report: <a href="https://www.imarcgroup.com/1-4-butanediol-market/requestsample">https://www.imarcgroup.com/1-4-butanediol-market/requestsample</a> 1,4 Butanediol Market Report Segmentation: Breakup By Type: <ul> <li>Synthetic</li> <li>Bio-based</li> </ul> On the basis of the type, the market has been bifurcated into synthetic and bio-based. Breakup By Derivative: <img class="aligncenter size-full wp-image-144605" src="http://bcrelx.com/wp-content/uploads/2024/12/14-Butanediol-Market-Segments-by-Derivative.jpg" alt="" width="1280" height="720" /> <div> </div> <ul> <li>Tetrahydrofuran (THF)</li> <li>Polybutylene Terephthalate (PBT)</li> <li>Gamma-Butyrolactone (GBL)</li> <li>Polyurethane (PU)</li> <li>Others</li> </ul> Tetrahydrofuran (THF) represents the largest segment because THF is a key intermediate used in the production of polytetramethylene ether glycol (PTMEG), which is essential for spandex fibers and other elastomers, driving its demand in various industries. Breakup By End Use Industry: <ul> <li>Textile</li> <li>Automotive</li> <li>Healthcare and Pharmaceutical</li> <li>Electrical and Electronics</li> <li>Others</li> </ul> Textile accounts for the majority of the market share as spandex fibers, which are widely used in the textile industry, rely heavily on 1,4-butanediol for the production of PTMEG, a crucial component in their manufacturing. Breakup By Region: <ul> <li>North America (United States, Canada)</li> <li>Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)</li> <li>Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)</li> <li>Latin America (Brazil, Mexico, Others)</li> <li>Middle East and Africa</li> </ul> Asia Pacific enjoys the leading position in the 1,4-butanediol market due to the region’s robust textile, automotive, and chemical industries, along with the presence of major BDO producers in countries like China and India. Top 1,4 Butanediol Market Leaders:  The 1,4 butanediol market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are: <img class="aligncenter size-full wp-image-144603" src="http://bcrelx.com/wp-content/uploads/2024/12/14-Butanediol-Market-Key-Players.jpg" alt="" width="1280" height="720" /> <div> </div> <ul> <li>Ashland Inc.</li> <li>BASF SE</li> <li>China Petroleum & Chemical Corporation (China Petrochemical Corporation)</li> <li>Dairen Chemical Corporation</li> <li>Genomatica Inc</li> <li>KH Chemicals BV (Ravago S.A.)</li> <li>Lanxess AG</li> <li>LyondellBasell Industries N.V.</li> <li>Mitsubishi Chemical Corporation</li> <li>Nan Ya Plastics Corporation</li> <li>Shanxi Sanwei Group Co. Ltd.</li> <li>Sipchem Company and Xinjiang Blue Ridge Tunhe Sci.&Tech. Co. Ltd.</li> </ul> Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization. About Us: IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. Contact Us: IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA Email: sales@imarcgroup.com Tel No:(D) +91 120 433 0800 United States: +1-631-791-1145