1, 4 Butanediol (BDO) Market Growth Probability, Leading
Vendors and Future Scenario By 2024-2031

1, 4 butanediol market is anticipated to grow at a CAGR of
3.9% during the forecast period (2024–2031). 1, 4 Butanediol (BDO) is a primary
alcohol with dual functionality, manufactured through various methods primarily
from petrochemical sources. The dilating use of polyurethanes, for foams and
adhesive making, lightweight and durable properties reduce car weight,
improving fuel efficiency and environmental performance and tetrahydrofuran,
employed in the production of various elastomers and coatings, thereby, driving
the 1,4 butanediol market as it is used for extraction of these materials.

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Rising concerns regarding the environment, increment in the
adaption of sustainable ways, advancement in technology, and government
incentives, further accompanied by rising demand for 1,4 butanediol as a raw
material in healthcare and pharmaceutical industries accelerate the market
growth. However, variations in the cost of raw materials impeding the supply
chain, complications regarding safety measures, and regulation changes can
hinder the growth of the market.

Asia Pacific has the leading market share of the 1, 4
butanediol market.  The regional growth
is attributed to the expeditious growth in China and India owing to the
flourishing electronic, textile, and automobile sectors.

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Recent Developments

In May 2024, the LYCRA Company partnered with Dairen
Chemical Corporation (DCC) to convert QIRA-a new generation of 1, 4 butanediol
(BDO)-into environmentally friendly PTMEG, and essential for bio-derived LYCRA
fiber. Dairen is set to pioneer large-scale production of this sustainable
bio-PTMEG, marking a significant advancement in textile innovation.

Global 1, 4 Butanediol Market Report Segment

By Application

·       
Gamma-Butyrolactone

·       
Poly Butylenes Terephthalate (PBT)

·       
Polyurethane

·       
Tetrahydrofuran

By End-Users

·       
Automotive Industry

·       
Electrical And Electronics

·       
Chemical Industry

·       
Footwear Industry

·       
Sports Industry

Competitive Landscape: Ashland Inc., BASF SE, Dairen
Chemical Corp., Nan Ya Plastic Corp., and Mitsubishi Chemical Corp. among
others. 

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