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1,4 Butanediol Market Size

Report ID: GMI6782
Published Date: Sep 2023
Report Format: PDF

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1,4 Butanediol Market Size

1,4 Butanediol Market size was valued at around USD 6.5 billion in 2022 and is estimated to register a CAGR of 9.4% between 2023 and 2032. One of the primary uses of BDO is in the production of polyurethane, a versatile polymer used in a wide range of applications such as foams, adhesives, coatings, and elastomers. The growth of these industries drives the demand for BDO. BDO is used in the production of plasticizers and resins that find applications in the manufacturing of flexible plastics, paints, coatings, and adhesives.

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The automotive industry relies on BDO-derived polyurethane for various components, including seats, interior trim, and foams, to enhance comfort, safety, and durability. BDO-based polyurethane materials are used in the construction industry for applications such as insulation, sealants, and coatings, contributing to the demand for BDO.

1,4 Butanediol Market Report Attributes
Report Attribute	Details
Base Year:	2022
1,4 Butanediol Market Size in 2022:	USD 6.5 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	9.4%
2032 Value Projection:	USD 15.9 Billion
Historical Data for:	2018 to 2032
No. of Pages:	150
Tables, Charts & Figures:	136
Segments covered:	Application, End-use, Region
Growth Drivers:	Growing automotive industry Rising plastic industry Growing construction sector
Pitfalls & Challenges:	Raw Material Supply Price volatility Environmental Regulations

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The production of BDO relies on the availability of raw materials such as butadiene or maleic anhydride. BDO prices can be volatile due to factors such as raw material costs, production capacity, and market demand. Environmental regulations, especially related to emissions and waste disposal, can impact BDO production processes. Thus, the risks associated with 1,4 Butanediol may drive down the acceptance rate, further hampering the business growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for 1,4 butanediol value was around USD 6.5 billion in 2022 and is estimated to reach USD 15.9 billion by the end of 2032.

How is automotive sector driving the 1,4 butanediol industry?

U.S. 1,4 butanediol industry revenue was USD 3.9 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032 owing to the continuous growth and innovations in the nation’s automotive sector, that fuels demand for BDO.

BASF SE Dairen Chemical Corporation, LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, Invista, Sipchem (Saudi International Petrochemical Company), and Nanjing Bluestar Co., Ltd.