1,4 Butanediol Market Size, Share & Trends Analysis Report By Application (THF, GBL, PBT, Polyurethane), By Region (North America, Asia Pacific, Europe, CSA, MEA), And Segment Forecasts, 2023 - 2030

Market Segmentation

• 1,4 Butanediol Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
  • Tetrahydrofuran (THF)
  • γ-Butyrolactone (GBL)
  • Polybutylene Terephthalate (PBT)
  • Polyurethane
  • Other Applications
• 1,4 Butanediol Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
  • North America
    • North America 1,4 Butanediol Market, by Application
      • Tetrahydrofuran (THF)
      • Γ Butyrolactone (GBL)
      • Polybutylene Terephthalate (PBT)
      • Polyurethane
      • Other Applications
    • U.S.
      • U.S. 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications
    • Canada
      • Canada 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications
    • Mexico
      • Mexico 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications
  • Europe
    • Europe 1,4 Butanediol Market, by Application
      • Tetrahydrofuran(THF)
      • Γ Butyrolactone (GBL)
      • Polybutylene Terephthalate (PBT)
      • Polyurethane
      • Other Applications
    • Germany
      • Germany 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications 
    • UK
      • UK 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications
    • France
      • France 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications
    • Italy
      • Italy 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications
    • Spain
      • Spain 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications
    • Netherlands
      • Netherlands 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications
    • Russia
      • Russia 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications
  • Asia Pacific
    • Asia Pacific 1,4 Butanediol Market, by Application
      • Tetrahydrofuran(THF)
      • Γ Butyrolactone (GBL)
      • Polybutylene Terephthalate (PBT)
      • Polyurethane
      • Other Applications
    • China
      • China 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications
    • India
      • India 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications
    • Japan
      • Japan 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications
    • South Korea
      • South Korea 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications
    • Vietnam
      • Vietnam 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications
    • Australia
      • Australia 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications
  • Central & South America
    • Central & South America 1,4 Butanediol Market, by Application
      • Tetrahydrofuran(THF)
      • Γ Butyrolactone (GBL)
      • Polybutylene Terephthalate (PBT)
      • Polyurethane
      • Other Applications
    • Brazil
      • Brazil 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications
    • Argentina
      • Argentina 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
        • Other Applications
  • Middle East & Africa
    • Middle East & Africa 1,4 Butanediol Market, by Application
      • Tetrahydrofuran(THF)
      • Γ Butyrolactone (GBL)
      • Polybutylene Terephthalate (PBT)
      • Polyurethane
      • Other Applications
    • Saudi Arabia
      • Saudi Arabia 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane
    • South Africa
      • South Africa 1,4 Butanediol Market, by Application
        • Tetrahydrofuran(THF)
        • Γ Butyrolactone (GBL)
        • Polybutylene Terephthalate (PBT)
        • Polyurethane

1,4 Butanediol Market Dynamics

Driver: Development of sustainable technologies and bio-based feedstock

Butane, which is a major raw material for BDO production, is facing several supply and sustainability concerns owing to the depletion of global natural gas and crude oil reserves. This factor, coupled with stringent governmental regulations regarding the conservation of natural, non-renewable resources, has spurred the development of various bio-based alternative production approaches. Increasing focus on green chemistry across the globe has encouraged major market participants, such as BioAmber, Genomatica, and Myriant, to develop alternative, bio-based processing technologies, which are likely to drive BDO growth over the forecast period. The market is also expected to benefit from increasing investments in sustainable technologies that are likely to boost existing processes and improve overall efficiency.

Opportunity: Tetrahydrofuran (THF)

Tetrahydrofuran (THF) was the leading application segment with applications in PTMEG and spandex production gaining the highest growth and market penetration. THF is largely used in PTMEG formulation with over 80% of its consumption in PTMEG, while a smaller percentage is used as a solvent in PVC cement, pharmaceuticals, and coatings. Growing demand for spandex is expected to increase THF consumption in PTMEG production.

Restraint: Raw materials price fluctuation

BDO is a major by-product of butane or liquefied petroleum gas (LPG), which is subject to intense price and supply instability in the global market. The market is also closely associated with succinic acid and maleic anhydride prices since they play a major role in BDO production along with basic feedstock LPG/butane. Political instability in oil-producing nations such as Saudi Arabia, Iraq, and others in the Middle East has resulted in extreme price fluctuations. Social unrest in Nigeria, Iraq, Venezuela, Iran, and Libya have also adversely affected the crude oil supply over the recent past. This trend has negatively impacted BDO prices over the past few years. Civil unrest in the Middle East along with depleting crude oil reserves have been major factors influencing petrochemical prices globally. The sudden rise and fall in prices have resulted in a supply-demand imbalance in the market, which, in turn, has made their demand volatile. Since MDI and TDI are derivatives of petrochemicals, their prices have been largely influenced by the pricing of petrochemicals.

What Does This Report Include?

This section will provide insights into the contents included in this 1,4 butanediol market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

1,4 butanediol market qualitative analysis

• Industry overview

• Industry trends

• Market drivers and restraints

• Market size

• Growth prospects

• Porter’s analysis

• PESTEL analysis

• Key market opportunities prioritized

• Competitive landscape

  • Company overview

  • Financial performance

  • Product benchmarking

  • Latest strategic developments

1,4 butanediol market quantitative analysis

• Market size, estimates, and forecast from 2018 to 2030

• Market estimates and forecast for product segments up to 2030

• Regional market size and forecast for product segments up to 2030

• Market estimates and forecast for application segments up to 2030

• Regional market size and forecast for application segments up to 2030

• Company financial performance