Precision Business Insights has published a report on the global 1,4- butanediol market, estimating its value at USD 7.2 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/1-4-butanediol-market

Market Definition:

The chemical molecule 1,4-Butanediol, which is frequently shortened to BDO, has the formula HOCH₂CH₂CH₂CH₂OH. Being a kind of diol, it is a colorless, viscous liquid with two hydroxyl (-OH) groups. This substance finds extensive application in the chemical industry as a solvent, a chemical intermediary in the manufacturing of polyurethanes, plastics, and elastic fibers, and even as a precursor to some medications.

Drivers:

1)      Growing demand for spandex

2)      Rising focus on bio-based BDO.

The global 1,4- butanediol market segmentation:
1) By Type: Synthetic, Bio-based.
2) By Technology: Reppe Process, Davy Process, Propylene Oxide Process, Butadiene Process, Others.
3) By Application: THF, GBL, PBT, Polyurethane.
4) By End-user: Automotive, Healthcare & Pharmaceuticals, Textile, Electrical & Electronics, Others.

Regional Overview:
The report also examines the current concerns and their Future Effects on the 1,4- butanediol market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the 1,4- butanediol market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like BASF, Dairen Chemical, Lyondellbasell, Ashland, Nanya Plastics Corporation, Mitsubishi Chemical Corporation, INVISTA, MarkorChem, Xinjiang Tianye, Changcheng Energy, Shanxi Sanwei Group, Shanxi BidiOu, Sichuan Tianhua, Henan Kaixiang Fine Chemical, HNEC, TunHe.

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