1,4 Butanediol Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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1,4 Butanediol Market Analysis
The 1,4 butanediol market is expected to register a CAGR of over 3 % during the forecast period.
Due to the disruption in the chemical goods supply chain during the pandemic, which raised the price of raw materials, the COVID-19 pandemic had a significant negative impact on the market. However, the market is projected to grow steadily, owing to increased activities of the textile industry in 2021.
- Over the short term, increasing demand for tetrahydrofuran (THF) for spandex fibers, and increasing demand for polybutylene terephthalate (PBT) from various industries are major factors driving the growth of the market studied.
- However, the shutdown of 1,4 butanediol plants throughout the years is a key factor anticipated to restrain the growth of the target industry over the forecast period.
- Nevertheless, the rising development of bio-based BDO, and reducing the carbon footprint of clothing are likely to create lucrative growth opportunities for the global market soon.
- The Asia-Pacific region is expected to dominate the market and witness the highest CAGR during the forecast period.
1,4 Butanediol Market Trends
This section covers the major market trends shaping the 1,4 Butanediol Market according to our research experts:
Growing Demand in the Textile Industry
- 1,4 BDO is used as an adhesive in leather, plastics, polyester laminates, and polyurethane footwear. 1,4-Butanediol is an immediate chemical used in the production of Thermoplastic polyurethane (TPU) which is further used in the making of Synthetic leather sole material.
- Tetrahydrofuran (THF) is used for the production of spandex fiber which has captured the garment industry. Spandex is a lightweight, soft smooth synthetic fiber that has a unique elasticity. The material is used in making compression garments: motion capture suits, Surgical hoses, and Support hoses.
- This is also a useful fabric for hospitality and industrial organizations. Spandex fabrics are mostly used in garments where comfort and fit are required like hosiery, swimsuits, exercise wear, socks, undergarments, gloves, cycling shorts, specialized clothing like zentai suits, denim, and sports equipment, etc.
- The Industrievereinigung Chemiefaser estimates that the global production of textile fibers increased from 108,300 thousand metric tonnes in 2020 to 113,600 thousand metric tonnes in 2021.
- The global sports equipment market has been witnessing significant growth in the recent past. According to Statista Consumer Market Outlook, the global sports equipment market is projected to reach USD 126.54 billion in 2021 to USD 159.41 billion in 2026.
- For instance, the Government of Australia is planning to invest USD 230 million in sports and physical activity initiatives over the next five years. Such initiatives are expected to encourage more people to indulge in various outdoor sports, which, in turn, will increase the sales of spandex sportswear.
- Therefore, owing to the abovementioned factors, the demand for 1,4 BDO products in the textile industry is expected to positively impact the market studied during the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region dominates the global 1,4 butanediol market. The regional demand for the market studied is driven by growing demand from various industries such as automotive, electronics, leather, and electronics.
- 1, 4 butanediol is widely used in the production of PBT, which is further used in the production of automotive. In the automotive sector, PBT allows for energy absorption, weight reduction, shock absorption for bumpers, restriction of explosion risk in fuel tanks, seat belts, airbags, door and seat assemblies, and various other applications.
- In China, the growing production of motor vehicles and the expanding pharmaceutical and electrical & electronics industry is expected to support the domestic demand for BDO and its derivatives, which is a positive factor for the market's growth in the future.
- However, in 2021, the production of vehicles in China reached 26,082,220 units, registering a growth rate of 3%, compared to 25,225,242 units in 2020. This is expected to boost the tho demand for 1,4 BDO from various applications in the automotive sector.
- Moreover, the growing population in India is creating the need for easy mobility of the people, which in turn is increasing the demand for automobiles in the region. According to OICA, in India, the total number of vehicles produced in 2021 was 4,399,112 and witnessed a growth rate of 30% compared to 2020.
- The Japanese electrical and electronics industry is one of the world's leading industries. The country is a world leader in producing video cameras, compact discs, computers, photocopiers, fax machines, cell phones, and various other key computer components.
- According to Japan Electronic and Information Technology Association (JEITA), the total number of imports of consumer electronics amounted to JPY 1,437,174 million (USD 10527.32 million )in September 2022.
- Hence, such favorable trends are expected to drive the demand for 1,4 butanediol during the forecast period.
1,4 Butanediol Industry Overview
The 1,4 butanediol market is partially consolidated in nature. Some of the major market players include BASF SE, DCC, Xinjiang Blue Ridge Tunhe Chemical Co. Ltd, Xinjiang Tianye (Group) Co. Ltd, and Ashland, among others (not in any particular order).
1,4 Butanediol Market Leaders
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BASF SE
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DCC
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Xinjiang Blue Ridge Tunhe Chemical Co. Ltd
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Xinjiang Tianye (Group) Co., Ltd,
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Ashland
*Disclaimer: Major Players sorted in no particular order
1,4 Butanediol Market News
- In April 2021, Xinjiang Guotai Xinhua Chemical Co. Ltd started the Coal-based Fine Chemicals Circular Economy Industrial Park Phase II project to produce acetylene and formaldehyde through a dry acetylene plant and a formaldehyde plant, produce hydrogen through the methanol cracking method, and further produce 1,4 butanediol (BDO) through the acetylene aldehyde method. Completing this project will help produce 100,000 tons of 1,4 butanediol (BDO) and 1,200 tons of butanol as a by-product.
1,4 Butanediol Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Demand for Tetrahydrofuran (THF) for Spandex Fibers
- 4.1.2 Increasing Demand for Polybutylene Terephthalate (PBT) from Various Industries
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4.2 Restraints
- 4.2.1 Shutdown of 1,4 Butanediol Plants Throughout the Years
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
- 4.5 Production Capacity (Major Players)
5. MARKET SEGMENTATION (Market Size in Volume)
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5.1 Derivative
- 5.1.1 Tetrahydrofuran (THF)
- 5.1.2 Polybutylene Terephthalate (PBT)
- 5.1.3 Gamma-Butyrolactone (GBL)
- 5.1.4 Polyurethane (PU)
- 5.1.5 Other Derivatives
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5.2 End-user Industry
- 5.2.1 Automotive
- 5.2.2 Healthcare and Pharmaceutical
- 5.2.3 Textile
- 5.2.4 Electrical and Electronics
- 5.2.5 Other End-user Industries
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Ashland
- 6.4.2 BASF SE
- 6.4.3 DCC
- 6.4.4 LyondellBasell Industries Holdings BV
- 6.4.5 Mitsubishi Chemical Corporation
- 6.4.6 NAN YA PLASTICS CORPORATION
- 6.4.7 SINOPEC YIZHENG CHEMICAL FIBRE LIMITED LIABILITY COMPANY
- 6.4.8 Sipchem
- 6.4.9 Shanxi Sanwei Group Co. Ltd
- 6.4.10 Xinjiang Guotai
- 6.4.11 Xinjiang Tianye (Group) Co. Ltd
- 6.4.12 Xinjiang Blueridge Tunhe Chemical Industry Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Rising Development of Bio-based BDO
- 7.2 Reducing Carbon Footprint of Clothing
1,4 Butanediol Industry Segmentation
1,4 butanediol is a colorless, oily, and viscous liquid with great solubility in water and other chemicals. Owing to this, it is used in producing many other organic chemicals like tetrahydrofuran (THF), which are further used in the production of other chemicals that serve as an intermediate for spandex fibers and elastomer production and in the production of PBT resins. The 1,4 butanediol market is segmented by derivative, end-user industry, and geography. By derivative, the market is segmented into tetrahydrofuran (THF), polybutylene terephthalate (PBT), gamma-butyrolactone (GBL), polyurethane (PU), and other derivatives. By end-user industry, the market is segmented into automotive, healthcare and pharmaceutical, textile, electrical and electronics, and other end-user industries. The report also covers the size and forecasts for the 1,4 butanediol market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (thousand metric tons).
| Derivative | Tetrahydrofuran (THF) | |
| Polybutylene Terephthalate (PBT) | ||
| Gamma-Butyrolactone (GBL) | ||
| Polyurethane (PU) | ||
| Other Derivatives | ||
| End-user Industry | Automotive | |
| Healthcare and Pharmaceutical | ||
| Textile | ||
| Electrical and Electronics | ||
| Other End-user Industries | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
1,4 Butanediol Market Research FAQs
What is the current 1,4 Butanediol Market size?
The 1,4 Butanediol Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in 1,4 Butanediol Market?
BASF SE, DCC, Xinjiang Blue Ridge Tunhe Chemical Co. Ltd, Xinjiang Tianye (Group) Co., Ltd, and Ashland are the major companies operating in the 1,4 Butanediol Market.
Which is the fastest growing region in 1,4 Butanediol Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in 1,4 Butanediol Market?
In 2024, the Asia-Pacific accounts for the largest market share in 1,4 Butanediol Market.
What years does this 1,4 Butanediol Market cover?
The report covers the 1,4 Butanediol Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the 1,4 Butanediol Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
1,4 Butanediol Industry Report
The Market Report covers Global 1,4-Butanediol Manufacturers and is segmented by derivative and end-user industry across various geographies. This industry report provides a comprehensive market analysis, including market share, market size, market trends, and market research insights. The market forecast highlights future growth opportunities, while the industry analysis offers an in-depth review of market dynamics.
The market segmentation includes derivatives such as Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethane (PU), and other derivatives. End-user industries covered in the report include automotive, healthcare and pharmaceutical, textile, electrical, and electronics. The market overview and market outlook provide valuable industry information and industry statistics, reflecting the current market value and anticipated market growth.
This market report also includes a detailed industry overview, industry reports, and industry research, offering insights into market leaders and their strategies. The industry trends and market predictions are based on extensive market data and industry sales analysis, ensuring accurate market review and industry outlook.
For those looking for detailed industry insights, the report example and report PDF are available for download. Research companies can benefit from the comprehensive industry information provided, which includes market forecast, market growth, market leaders, and market outlook. This market review and market predictions will help stakeholders understand the market dynamics and make informed decisions.
