1,4 Butanediol Market Size (2024 - 2029)

The 1,4 butanediol market is anticipated to experience steady growth, driven by increasing demand for tetrahydrofuran and polybutylene terephthalate from various industries. Despite challenges such as plant shutdowns and the impact of the COVID-19 pandemic on raw material prices, the market is poised for expansion, particularly due to the development of bio-based alternatives and efforts to reduce the carbon footprint in the textile sector. The Asia-Pacific region is expected to lead in market size, reflecting significant growth potential during the forecast period.

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Market Size of 1,4 Butanediol Industry

1,4 Butanediol Market Summary
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

1,4 Butanediol Market Major Players

*Disclaimer: Major Players sorted in no particular order

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 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
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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1,4 Butanediol Market Size Summary

The 1,4 butanediol market is poised for steady growth, driven by increasing demand from the textile industry and various industrial applications. The market experienced a setback during the COVID-19 pandemic due to supply chain disruptions and rising raw material costs. However, the resurgence of the textile sector in 2021 has bolstered market prospects. Key drivers include the rising demand for tetrahydrofuran in spandex fiber production and polybutylene terephthalate from diverse industries. Despite challenges such as plant shutdowns, the development of bio-based BDO and efforts to reduce the carbon footprint of clothing present promising opportunities for market expansion. The Asia-Pacific region is expected to lead the market, benefiting from robust demand in sectors like automotive, electronics, and leather.

In the Asia-Pacific region, particularly China and India, the demand for 1,4 butanediol is supported by the growing automotive and electronics industries. The automotive sector's need for materials that offer energy absorption and weight reduction, such as PBT, drives the demand for BDO. Additionally, the expanding pharmaceutical and electronics sectors in China and the increasing need for mobility in India further contribute to market growth. The Japanese electronics industry, a global leader, also plays a significant role in driving demand. The market is partially consolidated, with major players like BASF SE and Xinjiang Blue Ridge Tunhe Chemical Co. Ltd. actively participating in market developments, including new production projects to enhance supply capabilities.

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1,4 Butanediol Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for Tetrahydrofuran (THF) for Spandex Fibers

      2. 1.1.2 Increasing Demand for Polybutylene Terephthalate (PBT) from Various Industries

    2. 1.2 Restraints

      1. 1.2.1 Shutdown of 1,4 Butanediol Plants Throughout the Years

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Production Capacity (Major Players)

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Derivative

      1. 2.1.1 Tetrahydrofuran (THF)

      2. 2.1.2 Polybutylene Terephthalate (PBT)

      3. 2.1.3 Gamma-Butyrolactone (GBL)

      4. 2.1.4 Polyurethane (PU)

      5. 2.1.5 Other Derivatives

    2. 2.2 End-user Industry

      1. 2.2.1 Automotive

      2. 2.2.2 Healthcare and Pharmaceutical

      3. 2.2.3 Textile

      4. 2.2.4 Electrical and Electronics

      5. 2.2.5 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

1,4 Butanediol Market Size FAQs

The 1,4 Butanediol Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

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.

1,4 Butanediol Market Report Snapshots

1,4 Butanediol Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)