Summary

Global 1,4 Butanediol Market is expected to grow at a significant rate of around 8% during the forecast period. 1,4 1,4 Butanediol is a clear, oily liquid that is highly soluble in water and other substances. It is used to create several different organic chemicals, including tetrahydrofuran (THF), which is subsequently used to create further chemicals that serve as intermediates in the production of spandex fibres, elastomers, and PBT resins. In addition, 1,4-butanediol is transformed into GHB in the body. GHB causes the brain to work more slowly, which can result in loss of consciousness as well as a severe slowing of respiration and other essential processes. People use 1,4-butanediol for many purposes, including increasing muscle strength, treating obesity, relieving sleeplessness, and other uses. Furthermore, it can be taken as a recreational drug with euphoric and sedative effects. The consumers refer to this recreational drug as "One Comma Four," "Liquid Fantasy," "One Four Bee," or "One Four B-D-O."

The 1,4 Butanediol Market is expected to grow at a steady rate of around 8% owing to the increasing biobased Butanediol coupled with the growing adoption of 1,4 Butanediol in the Tetrahydrofuran industry. Major companies in the market offer 1,4 Butanediol by collaborating with other players to decrease greenhouse gas emissions. For instance, in June 2021, Cargill and HELM started a new joint venture QIRA, a bio-based 1,4-butanediol (BDO) that saves up to 93% of greenhouse gas emissions to build $300M commercial-scale, renewable BDO facility, the first in the US, to meet growing customer demand.
BASF SE, Nan Ya Plastics Corp, Sinopec Yizheng Chemical Fibre Limited, Dairen Chemical Corporation, Genomatica, Ashland Global Specialty Chemicals Inc., Mitsubishi Chemical Corporation, SK Global Chemical Co. Ltd., BioAmber Inc., Chemtura Corporation are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Insights Presented in the Report
“Amongst application, polyurethane (PU) is expected to grow with a considerable CAGR during the forecast period”
On the basis of application, the market is categorized into tetrahydrofuran (THF), polybutylene terephthalate (PBT), gamma-butyrolactone (GBL), polyurethane (PU), and others. Among these, polyurethane (PU) is expected to grow with a considerable CAGR during the forecast period. This is because PU is majorly used in the manufacturing of furniture, automotive interiors, carpet underlay, packaging, coatings, adhesives, sealants, elastomers (CASE), and others. Furthermore, many major players are expanding their business scale by launching new products in the market. For instance, In July 2021, Bostik announced the launch of its new Polyurethane sealants line for the Sealing & Bonding construction markets. Hence, the growth of PU will in turn increase the 1,4 Butanediol market across the globe.

“Amongst end-user, the textile industry is expected to grow with a robust CAGR during the forecast period.”
Based on the end-user, the 1,4 Butanediol market has been classified into automotive, healthcare & pharmaceutical, textile, electrical & electronics, and others. The textile industry is expected to grow with a robust CAGR during the forecast period. This is mainly attributed because of wearing comfortable clothing which is produced from spandex fiber. Spandex is a lightweight, soft, smooth synthetic fiber with a unique elasticity. Due to its elastic property, it is used in making stretchable clothing. In addition, the manufacturer of raw materials, yarns, fabrics, apparel, home furnishings, and other textile finished products is also further accelerating the growth of the market. Furthermore, many governments regulatory bodies are expanding the business aspect of the country by investing in different industries. For instance, in Dec 20222, according to the textile department, the Indian government set a target of Rs 36,000 crore investment in the sector.

“North America is expected to grow with a robust CAGR during the forecast period”
North America is expected to grow with a robust CAGR during the forecast period in the global market. This is mainly due to the extensive use of 1,4 Butanediol in the healthcare & pharmaceutical industry coupled with the utilization in the production of agricultural chemicals within the region. Additionally, the major uses of automotive, electrical & electronics industries employ 1,4 Butanediol and its utilization in the production of consumer appliances is further expected to drive the market growth within the region. Moreover, the high demand in the region leads to an increase in the price of the product. For instance, In April 2021, Ashland declared that the prices for 1,4-Butanediol and derivatives in North America increased by USD 0.30 per pound.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The Global 1,4 Butanediol Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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