In-Depth Exploration of the 1, 4 Butanediol Market: Enriching Industry Understanding, Envisioning Trends, Evaluating Growth Catalysts, and Forecasting Advancements from 2023 to 2030.
Report Ocean has recently released a comprehensive research report on the global 1, 4 Butanediol Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global 1, 4 Butanediol Market is valued at approximately USD 6.88 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.1% over the forecast period 2022-2029.
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1,4-Butanediol also referred to as BD or BDO is a primary alcohol and also an organic compound, with the formula HOCH2CH2CH2CH2OH. 1,4-Butanediol is a colorless viscous liquid, which has great solubility in water and other chemicals. The increasing demand for polybutylene terephthalate and polyurethane, the exponential growth of the various end-use industries coupled with the growth in emerging markets are some prominent factors in market growth around the world.
The 1, 4 Butanediol is gaining high traction in the textile industry owing to the surging demand for spandex because of its wide liquid range in an intermediate natural gas odorant. According to Statista, in 2020, the textile industry in India was estimated to be worth around USD 150 billion, which is projected to grow and is likely to reach USD 220 billion by the year 2026. In addition, the OICA data stated that in 2021 automotive production globally boost by 3% in comparison to 2021, with the total global production of automobiles being around 80,145,988 units in 2021. Accordingly, the flourishing development of the textile and automotive industry is fueling demand for 1, 4 butanediols in the global market. Moreover, the rising production of bio-based BDO, as well as increasing investment in the development of BDO using coal-to-chemical technology, are leveraging various opportunities for market growth over the forecasting years. However, higher manufacturing costs and volatility of raw materials prices are hindering market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global 1, 4 Butanediol Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the rise in production across developing countries particularly in China and India, along with the growing demand for green materials in the automotive industry. Whereas, North America is expected to grow significantly during the forecast period, owing to factors such as the rising adoption of 1, 4 butanediol in various end-use industries, as well as development of advanced infrastructure and technology in the market space.
Major market players included in this report are:
- Bio Amber Inc.
- BASF SE
- Ashland Inc.
- ExxonMobil Chemicals
- China Petroleum & Chemical Corporation
- International Specialty Products.
- Mitsubishi Chemical Corporation
- Evonik Industries AG
- SK Global Chemical Co. Ltd.
- Toray Industries Inc.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Application:
Tetrahydrofuran (THF)
Polybutylene Terephthalate (PBT)
Gamma-Butyrolactone (GBL)
Polyurethane (PU)
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Key Questions Addressed
- Growth Potential: Our report delves into the potential for growth in the 1, 4 Butanediol market, highlighting the promising opportunities that lie ahead.
- Product Dominance: We analyze the product segments within the market to identify which one is likely to dominate, shedding light on its potential trajectory.
- Regional Leadership: The report examines regional markets to predict which one is poised to emerge as a frontrunner in the future, backed by insightful data and analysis.
- Application Growth: We identify the application segment that is expected to experience strong growth, helping stakeholders direct their focus effectively.
- Growth Opportunities: The report pinpoints potential growth opportunities within the 1, 4 Butanediol industry, enabling market participants to strategize for expansion.
- Challenges Ahead: By highlighting major challenges, we offer a holistic view of potential obstacles that the 1, 4 Butanediol market may face in the future.
- Leading Companies: Our analysis presents leading companies within the 1, 4 Butanediol market, offering an overview of their strategies, sales volume, and revenue performance.
- Positive Trends: We identify key trends that are positively impacting market growth, aiding stakeholders in understanding shifting dynamics.
- Growth Strategies: The report sheds light on growth strategies considered by market players to sustain their positions, fostering a competitive edge.
Research Methodology and Structure
Our robust research methodology ensures the accuracy and reliability of the information presented in this report. As you navigate through its chapters, you will find:
- Introduction and Overview: An in-depth introduction sets the stage for our comprehensive industry analysis, offering readers a comprehensive perspective.
- Chapter-wise Guidance: Our report offers chapter-wise guidance, allowing you to navigate specific areas of interest seamlessly.
- In-depth Analysis: Over 200 pages of in-depth analysis encompass the latest research findings and insights, providing a comprehensive understanding of the market.
- Regional Insights: An updated regional analysis, presented graphically, showcases market size, share, and emerging trends within each region.
- List of Tables and Figures: A comprehensive list of tables and figures supports the information presented, enhancing the clarity of the report.
- Top Market Players: We extensively analyze the leading market players, offering insights into their business strategies, sales volume, and revenue analysis.
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