PUBLISHER: Value Market Research | PRODUCT CODE: 1578268
PUBLISHER: Value Market Research | PRODUCT CODE: 1578268
The global demand for 1,4-Butanediol Market is presumed to reach the market size of nearly USD 18.09 Billion by 2032 from USD 7.63 Billion in 2023 with a CAGR of 10.07% under the study period 2024-2032.
1,4-butanediol appears as a colorless, water-miscible, and odorless, viscous liquid at room temperature. It is a primary alcohol and one of the four stable isomers of butanediol. 1,4-Butanediol is industrially used as a solvent and raw material to synthesize elastic fibers, plastics, and polyurethanes. Also, It is used as a recreational drug known as one comma four, liquid fantasy, one four bees, or one four B-D-O. It has the same effects as gamma-hydroxybutyrate (GHB), a metabolic product of 1,4-Butanediol. Moreover, in the presence of phosphoric acid and high temperature, it is derived into solvent tetrahydrofuran.
The rising demand from tetrahydrofuran (THF) is the primary driver for the 1,4-butanediol market's growth. Moreover, increasing demand for polyurethanes and the growth in emerging markets will boost the global market growth of 1,4-butanediol. Furthermore, high investments for expanding the production bases by the key market players and the introduction of new technologies and innovations across the market are some of the factors that will spur the market growth of 1,4-butanediol. Some factors such as partnerships, collaborations, mergers, and acquisitions will further benefit the growth of this market. However, high manufacturing costs associated with the production of 1,4-butanediol may restraint the market growth of the 1,4-butanediol.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of 1,4-Butanediol. The growth and trends of 1,4-Butanediol industry provide a holistic approach to this study.
Market Segmentation
This section of the 1,4-Butanediol market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Global 1,4-Butanediol Market Report market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the 1,4-Butanediol market include BASF SE, Ashland, DCC, Mitsubishi Chemical Group Corporation, Evonik Industries AG, Lyondell Basell Industries Holdings B.V., Sipchem Company, SINOPEC (China Petrochemical Corp.), Genomatica Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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