1,4 Butanediol Market: Current Analysis and Forecast (2022-2028)

Report Description

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.

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Research Methodology

Research Methodology for the 1,4 Butanediol Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global 1,4 butanediol market were the three major steps undertaken to create and analyze the adoption of the butanediol market in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global 1,4 butanediol market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the 1,4 butanediol market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the 1,4 butanediol market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, application, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the 1,4 Butanediol market. Further, we conducted factor analysis using dependent and independent variables such as various types, applications, and end-users of 1,4 Butanediol market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the 1,4 Butanediol market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global 1,4 Butanediol market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the 1,4 Butanediol market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global 1,4 Butanediol market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global 1,4 Butanediol market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, application, and end-user in the global 1,4 Butanediol market.

The main objective of the Global 1,4 Butanediol Market Study

The current & future market trends of the global 1,4 Butanediol market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the 1,4 Butanediol market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type, application, and end-user.
• Define and analysis of the regulatory framework for the 1,4 Butanediol
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the 1,4 Butanediol market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the 1,4 Butanediol market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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