English Extended Distribution Market Research Reportedtimes Research Newswire Wire

1,4 Butanediol Market Size Forecast to Reach $11.1 Billion by 2025

1,4 Butanediol Market size is forecast to reach $11.1 billion by 2025, after growing at a CAGR of 7.2% during 2020-2025. 1,4 Butanediol, generally referred to as BDO, is an organic compound primarily used as a solvent in industrial cleaners and glue removers such as tetrahydrofuran (THF). The increasing demand for polybutylene terephthalate (PBT) from different industries and the strict government regulations are the key factors driving the growth of the 1,4 Butanediol market. Also, increasing demand for the bio-based 1,4-butanediol market in the application of vehicles from the automotive sector will drive the1, 4 Butanediol industry in the forecast period.

1, 4 Butanediol Market Application- Segment Analysis

Tetrahydrofuran (THF) held the significant share in the 1, 4 butanediol market in 2019 and is projected to grow at a CAGR of 6.3% during the forecast period 2020-2025. Tetrahydrofuran (THF) is used widely for the preparation of adhesives, special paints, coatings, plastics, extraction of particular active ingredients, and recrystallization of certain chemicals, as a starting medium for different syntheses, for various reactions as a solvent, reaction media and a starting aggregate in the chemical industry. Tetrahydrofuran (THF) converts to a linear polymer known as poly (tetramethylene ether) glycol (PTMEG). This polymer is primarily used for the development of elastomeric polyurethane fibers such as spandex. THF is also used in the manufacture of varnishes and as an industrial solvent for polyvinyl chloride (PVC). Thus, increasing use of1, 4 Butanediol in the use of Tetrahydrofuran (THF) will drive the market in the forecast period.

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1, 4 Butanediol Market Segment Analysis – By End Use

Automotive held the largest share in 1, 4 butanediol market in 2019. The demand for 1, 4 butanediol has also moved to bio-based materials for the production of 1, 4-butanediol, with growing environmental legislation and focused on the creation of environmentally friendly products. In the production of PBT, which is then used in the production of automobiles, 1, 4 butanediol is highly needed. PBT is semi-crystalline, white or off-white thermoplastic polyester with higher impact resistance, excellent electrical resistance, and outstanding chemical resistance PBT is used in both interior and exterior applications, in particular in automotive electrical systems. Such practices in the automotive industry are expected to drive the demand of PBT for automotive application across the world, which is likely to further increase the demand for the market studied in the coming years.

1, 4 Butanediol Market Segment Analysis – By Geography

Asia Pacific held the largest share with 38% in 1, 4 Butanediol Market in 2019. The demand for 1, 4 Butanediol market is driven by the increasing demand from various end use industries. In the Asia-Pacific region, automotive production in countries such as India, Indonesia, Malaysia and Thailand have been rising. China is the world’s largest automotive producer, and is now focusing on electric vehicle development. The region is witnessing numerous investments in the automotive industry by global automakers, such as BMW, Hyundai Motors, and Honda, to increase production and meet the growing demand of the region’s masses for automobiles. According to the International Trade Administration, China is the largest automotive market in the world, with the Chinese government forecasting car production to hit 30 million units by 2020, and 35 million by 2025. India also became the fourth largest car market with sales rising 8.3% year-on-year to 3.99 million units, according to the India Brand Equity Foundation in 2018. In 2018, it was also the seventh biggest industrial vehicle producer.

1, 4 Butanediol Market Drivers

Increasing demand of Polyurethane (PU)

1,4 Butanediol (BDO/1,4-BD) is a flexible, medium liquid diol with primary hydroxyl reactive functionalities and a linear structure that enables the formulation of polyurethanes with good hardness balance and low flexibility in temperatures, high strength, durability, and thermal stability.1, 4 Butanediol (BDO) acts as a raw material for polyester and polyurethane resins (chain extender, hard segment) which exhibit excellent features. Usage of 14BG diol for the chain extender to make urethane elastomers with excellent mechanical properties and high heat, oil and impact resistance. As the consumption of lightweight and durable parts for the automotive, construction and electronics sectors increases, polyurethane demand is increasing. Because of changing needs, extensive R&D in the global plastics industry has led to the development of new PU products that outperform conventional plastics.

Production of Bio-Based BDO

Bio-BDO is a chemical used in (bio) fabrics, elastic fibres, and polyurethane as solvent and building block. Bio-BDO is bio-based and biodegradable to 100 per cent. The limited use of petroleum-based feedstocks in view of global oil prices is one of the main reasons for businesses involved in bio-BDO. With the price volatility of traditional fossil-fuel – based raw materials and a growing emphasis on carbon footprint mitigation technologies, there is a potential to implement green bio-based technologies to manufacture goods such as BDO. Also, several companies are considering bio-based chemicals processing technologies with the hopes of being able to use cheap sugars as a feedstock, thereby reducing the need for fossil-fuel feedstocks. Also, the use of sustainable feedstocks is promoted and the concepts of green chemistry are implemented in the development of chemicals by government agencies such as the U.S. Environmental Protection Agency (EPA) to further enhance the segment.

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1, 4 Butanediol Market Challenges

Health effects of 1, 4 Butanediol

1, 4 Butanediol has caused widespread illness and more than 100 fatalities. Other severe side effects include issues with breathing, coma, amnesia, combativeness, anxiety, restlessness, vomiting, seizures, and very slow heartbeat. People who use 1, 4 butanediol regularly and then leave may have withdrawal effects, such as sleep issues, tremor and anxiety. Gamma hydroxybutyrate (GHB) is a chemical that is formed when the Butanediol breaks down. GHB may slow down the heart and can intensify bradycardia in individuals with this disorder. Butanediol can slow the Central Nervous System (CNS) down. Anesthesia and many other medical drugs used during surgery have the same effect. There is concern that the use of 1, 4Butanediol along with these other medicines could slow the CNS too much and cause excessive sleepiness. Also, Butanediol can affect the brain, as well. Taking 1, 4Butanediol along with mental health medications can increase the effects of 1, 4Butanediol and its severe side effects.

1, 4 Butanediol Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in 1,4 butanediol market. Major players in the 1,4 butanediol market are BASF SE, Chongqing Jian Feng Chemical Industry Co. Ltd, Dairen Chemical Corporation, Invista S.A.R.L, Saudi International Petrochemical Company (SIPCHEM), Shanxi Sanwei Group Co. Ltd, Genomatica Inc., SK Global Chemical Co. Ltd., Mitsubishi Chemical Corporation, Mitsui & Co. Ltd. among others.

Key Takeaways

APAC dominates the 1, 4 butanediol market due to increasing production of complex grease and lubricants as well as polyvinyl chloride materials.

The change in preference towards environmentally friendly goods, increasing research into the production of bio-based PBTs and technological developments are likely to provide opportunities for the growth of the market during the forecast period.

Increasing demand for1, 4 butanediol in electronic products from various countries will drive the market for 1, 4 Butanediol market in the projected period.

The COVID-19 pandemic and subsequent halt in manufacturing activities shall have an impact on the supply availability of a variety of chemicals such as 1, 4 Butanediol. Furthermore, current disruption in trade shall also gravely impact the availability of 1, 4 Butanediol chemical stocks in import-dependent countries.

Related Reports :

A. Bio-BDO Market


B. Bio-based 1,4-butanediol Market


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, Reportedtimes, Extended Distribution, Wire, Research Newswire, English


Contact Information:

Venkat Reddy
Sales Director
Email: [email protected]
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677

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