According to ChemAnalyst report, “Global 1,4-Butanediol Market Analysis: Plant Capacity, Production, Capacity by Technology, Operating Efficiency, Demand & Supply, End-User Industries, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2030”, The 1,4-Butanediol market will likely experience a significant rise and reach approximately 4500 thousand tonnes in 2030, at an expected CAGR of 4.37% during the forecast period of 2030. The rising demand from Tetrahydrofuran (THF), γ-butyrolactone (GBL), PBT (Polybutylene terephthalate), PBAT, and Other end-use industries, is anticipated to increase the demand for the 1,4-Butanediol in the forecast period.

1,4-Butanediol is a colourless, oily, and sticky liquid with high solubility in water and other substances. The Reppe process is used to create 1,4-butanediol. This process starts with the oxidation of methanol to make formaldehyde, which then interacts with acetylene to form 1,4-butanediol. It is used in various end-use industries, including automotive, medicinal, electrical & electronics, synthetic leather, and agricultural chemicals, since it is a solvent in chemical synthesis. Since 1,4-butanediol is also used as a tranquilizer, it exhibits addictive qualities similar to narcotics.

The 1,4-Butanediol market globally is primarily driven by its usage as a feedstock to manufacture chemicals. PBT, a chemical that was produced from it, is frequently used in the automotive industry to make components like gas tanks, safety belts, airbags, door and seat components, bumpers, etc. It is primarily because of the properties of PBT, such as its high strength and lightweight nature. Due to the increasing demand for vehicles, it is predicted that PBT demand will increase to make automotive components in future. THF, another chemical synthesized from 1,4-Butanediol, is used as an organic solvent in significant reactions and used as an organic solvent. Further expansion in demand for THF is predicted during the projection period in the coming years. During the forecast period, it is anticipated that the upcoming bio-based 1,4 butanediol is anticipated to drive the demand of 1,4-Butanediol even further.

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The global 1,4-Butanediol market is segmented based on end-use, sales channel, and region. Based on end-uses, the 1,4-Butanediol market is segregated into Tetrahydrofuran (THF), γ-butyrolactone (GBL), PBT (Polybutylene terephthalate), PBAT, and Others. The Tetrahydrofuran (THF) industry is leading the 1,4-Butanediol market and accounted for a market share of about 40% of the 1,4-Butanediol market in 2021. THF can dissolve various resins at room temperature and is miscible with water driving its application as an organic solvent in important reactions like Wittig and Grignard processes. Its application as a solvent is anticipated to expand the 1,4-Butanediol market in the forecast period.

Based on demand by region, the APAC region holds the majority of the share of global demand for 1,4 butanediol, amongst all other regions. This region has been reported to consume greater than 60% of the global 1,4-Butanediol in 2021. The growing population resulting in increasing demand for consumer goods and electronic devices is anticipated to expand the 1,4-Butanediol Market in the forthcoming years. China is leading in terms of production on a global level.

“Global 1,4-Butanediol Market Analysis: Plant Capacity, Production, Capacity by Technology, Operating Efficiency, Demand & Supply, End-User Industries, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2030”, the significant players active in the 1,4-Butanediol market are Dairen Chemical Corporation, XinJiang Markor Chemical Co., LTD., Inner Mongolia Dongyuan Technology Co., LTD., BASF SE, Sinopec Sichuan Vinylon Works (Sinopec SVW), Xinjiang Blue Ridge Tunhe Chemical Co., LTD, Xinjiang Guotai Xinhua Mining Co., LTD., Sinopec Ningxia Energy Chemical Co., Ltd, LyondellBasell Industries N.V., Xinjiang Tianye (Group) Co., LTD, and Shanxi Sanwei Group Co Ltd.

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“The expansion of the global 1,4-Butanediol market in the chemical sector for producing chemicals like Tetrahydrofuran (THF), γ-butyrolactone (GBL), PBT (Polybutylene terephthalate), and PBAT is most likely to drive the Global 1,4-Butanediol market in the forecast period until 2030. The application of these derivatives in sectors like medical, automotive, electronics, and electricals is anticipated contribute to the growth of the Global 1,4-Butanediol market by 2030.“Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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