The 1, 4-Butanediol Market Size was valued at USD 7.3 Billion in 2022 and is projected to grow from USD 7.45 Billion in 2023 to USD 14.66 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.1% during the forecast period (2024 - 2032). The growth in emerging markets coupled with increasing demand for PU will bolster the growth of the global market. 
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Additionally, contrary to the above drivers some restraints are limiting the growth of the 1,4 butanediol market. The volatility in raw material prices will set back the growth of the market. Also, the manufacturing cost associated with the production of 1,4 butanediol may hamper the growth of the market in near future.
The 1, 4-Butanediol Market segmentation, based on Technology, includes Reppe Process, Davy Process, Propylene Oxide Process, Butadiene Process, and Others. Davy Process is expected to dominate the market. Davy’s process technology is also known as the maleic anhydride process. It has rapidly gained popularity over the past few years due to reduced complexity, equipment requirements, and capital costs. The maleic anhydride is converted to the ester, which undergoes hydrogenolysis in a fixed bed to form a mixture of 1,4-butanediol, THF, and GBL.
Based on Application, the 1, 4-Butanediol Market segmentation includes Gamma-Butyrolactone (GBL), Polybutylene Terephthalate (PBT), Polyurethanes (PU), Tetrahydrofuran (THF), and Others. The Tetrahydrofuran segment is dominating the global market with over 50% volume share in 2015 and is expected to maintain its prominent position. The THF is widely used in athletic and sportswear. The growing health, fitness, and sports awareness is raising segment growth.
Figure 2: 1, 4-Butanediol Market, by Application, 2023 & 2030 (USD Billion) 
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific dominates in the consumption of butanediol and its end-use products on the back of huge population and markets growth in the developing countries in the region. The region is expected to witness healthy growth over the forecast period owing to the developments in the markets and increasing end-users. North America is the second largest consumer of butanediols and is expected to experience moderate growth over the forecast period due to the slow-down economic growth.
Figure 3: 1, 4-BUTANEDIOL MARKET SHARE BY REGION 2023 (%) 
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe region is also expected to witness moderate growth with slightly high growths in central & eastern European regions. The Latin America market is expected to witness healthy growth over the forecast period with the improving socio-economic conditions in the region. The Middle East and Africa region accounts for less than 5% of the global butanediol consumption and the region is poised to witness moderate to high growth over the forecast period on the back of rising disposable income and a rising middle class.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the 1, 4-Butanediol market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the 1, 4-Butanediol industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for 1, 4-Butanediol. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the 1, 4-Butanediol industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global 1, 4-Butanediol industry to benefit customers and expand the market sector. The Low-Profile Additives market has recently given medicine some of the most important advantages. Major 1, 4-Butanediol market players, including BASF SE, Mitsubishi Chemical Corporation, Ashland Inc, Bioamber Inc, Sipchem, LyondellBasell Industries N.V., and others, are attempting to increase market demand by funding R&D initiatives.
BASF is a company that provides petrochemicals, intermediates, performance materials, monomers, dispersions and pigments, performance chemicals, catalysts, coatings, and care chemicals. It conducts its operations through six business segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition and Care, and Agricultural Solutions. The company serves transportation, energy, and resources
Also, Mitsubishi Chemical is a company that manufactures and distributes chemical products. It offers polymers, resins, high-performance chemicals, carbon fiber and composite materials, acrylic, acetate, polyester fibers, carbon fiber reinforced plastic, coating materials, agricultural materials, etc.
In the year 2021, HELM and Cargill decided to construct a bio-oriented intermediate manufacture firm at Cargill’s biotechnology campus and also a corn refining process operation in Eddyville, located in Iowa. The plant might be completed and working in 2024 to reach the demands of the product in the process of supply chains.
In the year 2021, Xinjiang Guotai Xinhua Chemical Company limited company begin the Coal-type Fine Chemicals Circular Economy in Industrial Park Phase II project to generate formaldehyde and acetylene through a formaldehyde plant and dry acetylene plant and manufacture hydrogen via a methanol cracking technique.
1, 4-Butanediol Technology Outlook
1, 4-Butanediol Application Outlook
1, 4-Butanediol Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | USD Â 7.3 Billion |
| Market Size 2023 | USD 7.45 Billion |
| Market Size 2030 | USD 14.66 Billion |
| Compound Annual Growth Rate (CAGR) | 8.1% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018 & 2020 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Technology, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | BASF SE, Mitsubishi Chemical Corporation, Ashland Inc, Bioamber Inc, Sipchem, LyondellBasell Industries N.V., ExxonMobil Chemicals, and others. |
| Key Market Opportunities | Major players are shifting their production plants in emerging economies |
| Key Market Dynamics | Increasing applications of 1, 4-Butanediol in various industrial processes · The growing demand for spandex in textiles |
Butanediol Market Highlights:
Frequently Asked Questions (FAQ) :
The 1, 4-Butanediol Market size was valued at USD 7.3 Billion in 2022.
The global market is projected to grow at a CAGR of 8.1% during the forecast period, 2024-2032.
Asia Pacific had the largest share of the 1, 4-Butanediol Market.
The key players in the market are Zochem (US), SILOX SA (Belgium), American Chemet Corporation (US), H. Chemicals (Canada), Rubamin (India), Grillo Zinkoxid GmbH (Germany), Pan-Continental Chemical Co., Ltd (Taiwan), Mario Pilato Blat, and SA (Spain)
Davy’s process categories dominated the market in 2023.
Tetrahydrofuran had the largest share in the global market for 1, 4-Butanediol.
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Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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