1,4 Butanediol Market Size, Share & Trends Report

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

  • Report ID: 978-1-68038-084-2
  • Number of Report Pages: 80
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2021
  • Forecast Period: 2023 - 2030 
  • Industry: Bulk Chemicals

Research Methodology

A three-pronged approach was followed for deducing the 1,4 butanediol market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for 1,4 butanediol market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of 1,4 butanediol market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

1,4 Butanediol Market Categorization:

The 1,4 butanediol market was categorized into two segments, namely application (Tetrahydrofuran, γ-Butyrolactone, Polybutylene Terephthalate, Polyurethane, Other Applications), region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).

Segment Market Methodology:

The 1,4 butanediol market was segmented into application and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The 1,4 butanediol market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-five countries, namely, the U.S.; Canada; Mexico; Germany; the UK; France; Italy; Spain; Netherlands; Russia; China; India; Japan; South Korea; Australia; Vietnam; Brazil; Argentina; Saudi Arabia; South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

1,4 butanediol market companies & financials:

The 1,4 butanediol market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • BioAmber Inc. - BioAmber Inc., an industrial biotechnology company, specializes in manufacturing and supplying bio-succinic acid. The company’s proprietary technology platform combines industrial biotechnology and chemical catalysis to convert renewable feedstock into building block chemicals for application in a wide array of consumer goods, plastics, resins, food additives, and personal care products. In 2012, BioAmber received the Canada Gold Leaf Award for its sustainable practices and eco-friendly products. The company has strategic relationships with various companies, including PTTMCC Biochem Company Ltd.

  • BASF SE - BASF SE operates through five business segments that include chemicals, performance products, functional materials & solutions, agricultural solutions, and oil & gas. BASF has an operational presence in over 80 countries through six Verbund sites and 353 production sites. Major products in the company portfolio include performance chemicals, textile fibers, catalysts, coatings, plastics, solvents, reagents, herbicides, and pharmaceutical ingredients. BASF plans to invest over USD 7 billion in chemicals businesses between 2015 and 2019.

  • ExxonMobil Chemicals - ExxonMobil Corporation is an American oil & gas company headquartered in Texas, U.S. It is the world’s largest publicly traded international oil & gas company. The company operates through four business segments that include upstream, chemical, downstream, and natural gas & power marketing. The company owns 37 oil refineries in 21 countries, with a combined refining capacity of 6.3 Million barrels per day, which makes it the largest oil refiner in the world. ExxonMobil markets its products under the brands of Exxon, Mobil, and Esso. The company’s product portfolio includes olefins, aromatics, fluids, synthetic rubber, polyethylene, polypropylene, and zeolite catalysts.

  • International Specialty Products - International Specialty Products (ISP) is a global specialty chemicals manufacturer. The company provides numerous performance-enhancing products to industrial and consumer products. ISP was acquired by Ashland Inc. in May 2011. The acquisition made a significant contribution to Ashland’s functional ingredients active patent portfolio and also expanded Ashland's position in high-growth markets such as personal care, pharmaceutical, and energy. The company’s product portfolio includes polymers and blends, elastomers, intermediate and solvent products, radiation-sensitive films, and fine chemicals.

  • Mitsubishi Chemical Corporation - Mitsubishi Chemical Corporation (MCC) operates as a subsidiary of Mitsubishi Chemicals Holding Corporation. The company is a manufacturer of chemicals like polyolefins, and polycarbonate purified terephthalic acid. MCC is one of the largest units of Mitsubishi Chemical Holdings Corporation operating its chemical and basic businesses. The company has 177 subsidiaries across Germany, the U.S. and Singapore.

  • Invista - Invista, a subsidiary of DuPont from its textile fibers division, is now one of the largest global manufacturers of integrated fiber, chemical intermediates, and resins. The company was conferred with its trademark name and sold to privately owned Koch Industries in 2004. The product portfolio consists of renowned brands such as Lycra, Stainmaster, Cordura, Tactel, and Antron. Invista has advanced technologies producing spandex, nylon, polyester, and other materials for diverse end-use industries such as automotive, construction, interiors, apparel & textiles, and industrial and consumer goods.

  • Toray Industries Inc. - Toray Industries Inc. is a global integrated chemical industry group with businesses in over 26 countries. The company combines nanotechnology into its operations, using organic synthetic, polymer chemistry, and biotechnology as its core technologies. The core business includes fibers, textiles, plastics & chemicals, IT-related products, carbon fiber composite materials, pharmaceuticals and medical products, environment & engineering including water treatment, and progress in other pivotal business fields. Toray Opelontex Co., Ltd. is licensed by INVISTA to manufacture and market LYCRA fiber in Japan.

  • LyondellBasell Industries - LyondellBasell Industries is involved in the production and marketing of petrochemicals, polymers, and fuels. The company consists of large processing plants that convert large quantities of liquid and gaseous hydrocarbon feedstock into plastic resins and other chemicals. The company operates through different operating segments like Olefins and Polyolefins, intermediates and derivatives, refining, and technology. The company offers products like propylene oxide and derivatives, polyolefins, fuel and refined products, and biofuels.

  • The Dow Chemical Company - The Dow Chemical Company is a multinational chemical corporation headquartered in the U.S. The company offers more than 6,000 products, which are manufactured in 201 sites in 36 countries across the globe. Dow operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments. The Dow Chemical Company also offers acrylics and olefins, such as polyethylene, polyolefin, ethylene, benzene, propylene, benzene, and butadiene.

  • Sipchem - Saudi International Petroleum Company (Sipchem) is a chemical manufacturing company, which is now globally recognized as a chemical manufacturer. The company manufactures and markets methanol, butanediol, tetrahydrofuran, acetic acid, acetic anhydride, vinyl acetate monomer, as well as carbon monoxide through its various affiliates. Sipchem has launched several downstream projects producing ethylene vinyl acetate, ethyl acetate, butyl acetate, and cross-linkable polyethylene. The company has also received the distinction of being the first chemical manufacturing company in the KSA to achieve “Responsible Care” certification.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

1,4 Butanediol Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

1,4 Butanediol Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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