1 4 Butanediol Market Report 2023 (Global Edition)

Global 1 4 Butanediol Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing 1 4 Butanediol Industry growth. 1 4 Butanediol market has been segmented with the help of its Type, Application End-User, and others. 1 4 Butanediol market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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By Type, Synthetic 1,4-Butanediol segment held a 65.78% share of 1,4-Butanediol Market in 2021!

Based on type, the market is segmented into synthetic and Bio-based 1,4-Butanediol. The synthetic segment held the largest market share with a Market Share of  65.78% in 2021. This is due to the higher yield of BDO through the synthetic process.

• Synthetic
• Bio-based

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By Application, Tetrahydrofuran (THF) segment held a 49.85% revenue share of the 1,4-Butanediol Market in 2021!

Based on applications, the market is segmented into Tetrahydrofuran (THF), Polybutylene, Terephthalate (PBT), Gamma-butyrolactone (GBL), Polyurethane (PU), and others. Tetrahydrofuran (THF) application held the largest market share with a revenue share of 49.85% in the year 2021. Its high share is attributable to the rising use of BDO for producing Polytetramethylene Glycol (PTMEG). After, THF, PBT held the second highest market share, owing to the increasing plastic use in the automotive industry for the production of lightweight vehicles.

• Tetrahydrofuran (THF)
• Polybutylene Terephthalate (PBT)
• Gamma-butyrolactone (GBL)
• Polyurethane (PU)
• Others

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1 4 Butanediol End-User Segment Analysis

• Textile
• Paper
• Plastics
• Drugs
• Others

1 4 Butanediol Process Technology Segment Analysis

• Reppe Process
• Genomatica's Process
• Davvy Process
• Butadiene Process
• Propylene Oxide Process
• Others

Asia Pacific 1,4-Butanediol Market accounted for 59.23% share of the overall market in 2021!

Asia Pacific accounted for the largest market with a 59.23% share during the year 2021. This is due to the increasing demand for BDO from the automotive industry, and increasing industrialization in major markets such as India, China, South Korea, Japan, and others. Following Asia Pacific, North America accounted for the second highest market share in 2021 with 21.78%, owing to the presence of many key end-use industries such as automotive & transportation, construction, footwear, and others.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

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1,4-Butanediol Industry News:

• LG Chem and GS Caltex announced, 3-hydroxypropionic acid pilot plant, MOU for BDO technology (July 2022)

LG Chem Ltd. and GS Caltex, are establishing a pilot plant to develop a white-bio ecosystem and commercialize bio-raw materials following the announcement of their joint development agreement last year.

• BASF announced, to increase in the price for diols and derivatives in North America (December 2020)

BASF announced that it will increase prices in North America for 1,4-Butanediol (BDO) and derivatives such as 1,4- Butanediol (BDO), Gamma-butyrolactone (GBL), N-methylpyrrolidone (NMP), Tetrahydrofuran (THF), and Polytetramethylene ether glycol (PolyTHF).

• INEOS completed the acquisition of the Ashland Composites Business (September 2019)

INEOS Enterprises has announced the completion of the acquisition of the entire composites business from Ashland Global Holdings Inc. The acquisition also includes a BDO facility in Germany. The businesses included in the transaction have combined sales of more than $1.1 billion per year. They employ 1,250 employees across 19 sites in Europe, North and South America, Asia, and the Middle East.

• Cargill and HELM partnered to build a $300M commercial-scale, renewable BDO facility, the first in the US, to meet growing customer demand (June 2021)

Cargill and HELM entered into a joint venture, Qore, to help leading brands replace fossil-based chemistries with bio-based intermediates, enabling them to reduce their greenhouse gas emissions. As part of the agreement, both companies have invested a combined $300M to build the first commercial-scale, renewable BDO facility in the U.S.

• Ashland announced that it will increase the prices for 1,4-Butanediol and Derivatives (March 2021)

Ashland announced that it is increasing the prices of its 1,4-Butanediol (BDO) and several derivative products in North America, effective April 1, 2021. This increase will range from $0.42/lb to $0.45/lb. The derivatives include gamma-butyrolactone (BLO), n-methyl-pyrrolidone (NMP), 2-pyrrolidone (2-Pyrol), and tetrahydrofuran (THF).

Top Companies Market Share in 1 4 Butanediol Industry: (In no particular order of Rank)

• BASF
• Huntsman Corporation
• Celanese Corporation
• Dynea Oy
• Momentive Specialty Chemicals Inc.
• Georgia Pacific Corporation
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