1, 4 Butanediol (BDO) Market Size, Share, Trends, Growth and Forecast 2030

Description

Global 1, 4 Butanediol (BDO) Market: Overview

According to the report published by Zion Market Research, the global 1, 4 Butanediol (BDO) Market size was valued at USD 7,308.99 Million in 2022 and is predicted to reach USD 14,089.51 Million by the end of 2030. The market is expected to grow with a CAGR of 8.55% during the forecast period. The report analyzes the global 1, 4 Butanediol (BDO) Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the 1, 4 Butanediol (BDO) Market industry.

1, 4 Butanediol is an organic compound which is also known as BDO. It is colorless liquid; it has 1 out of 4 stable isomers of butanol. It is largely used as a solvent in manufacturing some types of plastic, elastic, fibers and polyurethanes. It is also used as a solvent in industrial cleaners and glue removers such as tetrahydrofuran (THF). The molecular formula for BDO contains four saturated carbon compounds in a straight chain and a dibasic alcohol (HCOH2CH2CH2CH2OH). It is used in manufacturing fibers, engineering plastics, medicines, and cosmetics. It is also used in artificial leather, pesticide, hardener, solvent and rust remover as well. Tetrahydrofuran (TFH) is the largest application market for BDO which has occupied the largest chunk of BDO market.

Get a Free Sample : https://www.zionmarketresearch.com/sample/1-4-butanediol-bdo-market

Global 1, 4 Butanediol (BDO) Market: Growth factors

It is at its peak of the steady year on year growth throughout the forecast period. The 1, 4 Butanediol Market is estimated to grow in millions by 2025. The industrial growth in developing regions of the globe namely of countries in Asia Pacific region is expected to further drive the demand for Butanediol during the forecast period. China is the major producer of 1, 4 Butanediol and has the largest production capacity for the chemical. Growing awareness regarding the processing and utility benefits of these and other derivatives are responsible for industry expansion.

Global 1, 4 Butanediol (BDO) Market: Segmentation

BDO market is segmented on the basis of type and appellation. On the basis of application, BDO market is divided into PBT (PolyButylene Terephthalate), THF (Tetrahydrofuran), GBL (Gamma butyrolactone), Polyurethane and others. Growing awareness regarding the benefits of these applications is responsible for industry expansion. Major players are shifting their production plant in emerging economies in Asia-Pacific, and introducing new technologies, which are anticipated to drive innovation in the near future.

On the other hand, increasing environmental concerns and reduction of non-renewable resources such as crude oil and natural gas have stimulated the development of several innovative and sustainable technologies that utilizes bio-based, renewable resources for production. Other products such as gamma butyrolactone (GBL) and polybutylene terephthalate (PBT) are also anticipated to grow due to increase consumption in varied end-use industries. Another fast-growing application is Polyurethane, because of rising consumption of lightweight and durable parts of constructions, automotive and electronic sectors polyurethane are likely to grow in terms of revenue from 2016 to 2025

Directly Purchase a copy of the report with TOC : https://www.zionmarketresearch.com/toc/1-4-butanediol-bdo-market

Global 1, 4 Butanediol (BDO) Market: Regional analysis

Asia Pacific emerged as the largest 1,4 BDO consumer in recent years. On the basis of geographic regions, global 1,4 butanediol market is segmented into five key market segments namely North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region is expected to grow relatively faster CAGR as compared to other geographical regions.