New York, 1,4-Butanediol (1,4-BD) is a four-carbon, water-soluble alcohol with a variety of industrial and commercial uses. It is used as a solvent in the manufacture of resins, plastics, and fibers, and as an intermediate in the production of many other chemicals. It is also used as an additive in many consumer products, including paints, inks, lubricants, and adhesives.
1,4-Butanediol is produced from 1,4-butylene glycol, a byproduct of the manufacture of polyester. The glycol is oxidized to form 1,4-butanediol, which is then concentrated and purified. The resulting product is a colorless, odorless liquid with a mild, sweet taste.
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1,4-Butanediol is also used as a solvent in the production of polyurethane foam, a material used to make furniture, mattresses, and insulation. It is also used as an additive in the manufacture of cosmetics, pharmaceuticals, and other consumer products.
Key Trends
1,4-Butanediol (1,4-BDO) is a versatile chemical building block used in the manufacture of a wide range of products, including polyurethanes, plastics, solvents, and more. As the demand for sustainable and efficient production of 1,4-BDO increases, the technology used in its production has evolved to meet these needs. Key trends in 1,4-BDO technology include the use of renewable feedstocks, increased process efficiency, and the development of new production processes.
The use of renewable feedstocks in 1,4-BDO production is a growing trend. Renewable feedstocks such as biomass and bioethanol are increasingly being used as raw materials for 1,4-BDO production. The use of renewable feedstocks reduces the need for fossil fuels, which are becoming increasingly scarce and expensive. Additionally, the use of renewable feedstocks is more sustainable and can reduce the environmental impact of 1,4-BDO production.
Key Drivers
1,4-Butanediol (1,4-BDO) is a diol (two hydroxyl groups) organic compound primarily used as a solvent, plasticizer, and monomer in the manufacture of various plastics such as polytetramethylene ether glycol (PTMEG). It is also used as an intermediate in the production of other chemicals such as gamma-butyrolactone (GBL), tetrahydrofuran (THF), and polybutylene terephthalate (PBT). The global 1,4-Butanediol market size was estimated to be USD 5.86 billion in 2019 and is projected to reach USD 8.21 billion by 2027, at a CAGR of 4.7%.
The key drivers of the 1,4-Butanediol market include the increasing demand for polyurethanes (PUs) in various end-use industries, such as automotive, construction, and electronics, and the rising demand for gamma-butyrolactone (GBL) as a reagent and intermediate in the manufacturing of various products. Additionally, the increasing applications of 1,4-Butanediol in the manufacturing of various polyester polyols and solvents are further driving the growth of the 1,4-Butanediol market.
The growing demand for polyurethanes from the automotive sector is one of the major drivers of the 1,4-Butanediol market. Polyurethanes are widely used in automotive components, such as seat cushions, headrests, armrests, dashboard components, and door panels. The increasing demand for passenger cars and commercial vehicles across the globe is driving the demand for polyurethanes. In addition, the growing demand for light-weight components and the increasing focus on reducing fuel consumption and emissions are driving the demand for polyurethanes in the automotive sector.
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Market Segments
The 1,4-Butanediol Market is segmented into type, application, end-user, and region. By type, the market is divided into synthetic and bio-based. Based on application, the market is bifurcated into tetrahydrofuran (THF) production, polyurethane production, solvent, and others. Whereas for end-user, the market is segmented into chemical, automotive, textile, pharmaceutical, and others. Region-Wise, the market is segmented by North America, Europe, Asia-Pacific, and the rest of the world.
Key Players
The 1,4-Butanediol Market report includes players such as BASF SE (Germany), Dairen Chemical Corporation (Taiwan), Ashland Global Holdings Inc. (US), LyondellBasell Industries N.V. (Netherlands), Mitsubishi Chemical Corporation (Japan), Shanxi Sanwei Group Co., Ltd. (China), INVISTA (US), Nanjing Bluestar (Group) Co., Ltd. (China), Xinjiang Tianye Co., Ltd. (China), OXEA GmbH (Germany), among others.
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