1,4 Butanediol Market Analysis

1,4 Butanediol Market Analysis

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Based on application, the 1,4 butanediol market is segmented as tetrahydrofuran (THF) production, polyurethane (PU) production, gamma-butyrolactone (GBL) production, plasticizers and resins, others. Tetrahydrofuran (THF) Production held a majority market value of USD 2.2 billion in 2022. THF, produced from BDO, is a versatile solvent and chemical intermediate used in various applications, including pharmaceuticals, coatings, adhesives, and chemical synthesis. Increased demand for THF in these industries drives the demand for BDO.
 

Based on end-use, the 1,4 butanediol market is segmented as automotive, construction, electronics, textiles and apparel, pharmaceuticals, chemical industry. Automotive held a dominant market share of around 35% in 2022 and is expected to grow at a lucrative pace till 2032. BDO is used in the production of automotive coolants and brake fluids, which are essential for maintaining vehicle performance and safety. The demand for BDO in this sector is closely tied to the automotive market's production and maintenance requirements.
 

U.S. dominated the North American region with majority 1,4 butanediol market share and a revenue of USD 3.9 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. The automotive sector is a significant consumer of BDO-based products, including polyurethane foams, coatings, and adhesives. As the North American automotive industry continues to grow and innovate, it fuels demand for BDO.