The global 1,4 Butanediol (BDO) market is anticipated to grow at a significant CAGR of 3.9% during the forecast period. 1, 4 butanediolsare widely used in the production of (Poly Butylenes Terephthalate)PBT, which is further used in the manufacturing of automotive components. In the automotive segment, PBT allows for weight reduction, energy absorption, shock absorption for bumpers, restriction of explosion risk in fuel tanks, airbags, seat belts, door and seat assemblies, subsystems, bumpers, and exterior trim, under-bonnet components, and various other applications. Polyurethane foams can be found in the armrests, seats, and headrests of most cars, where their cushioning properties help in reducing the stress andfatigue often associated with driving. In addition, Spandex fabric derived from THF is used to manufacture door panel fabrics that adhere andstretch to the door and in the car’s seat material.Since polyurethanes are light and strong, the overall weight of cars is declined, resulting in better fuel efficiency and improved environmental performance. As per the OICA data, the global automotive production in 2021 increased by 3.0% as compared to that of 2020. The total worldwide production of automobiles reached 80,145,988 units in 2021.
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In 2020, most industries suffered due to the COVID-19 pandemic. It impacted most of the companies negatively owing to the national lockdowns across the globe which stopped the transportation of humans and things. However, some of the segments such as healthcare were not impacted much but the automotive industry suffered extensively. As per the data of OICA 2020, automotive production decreased by 16.0% which had impacted the demand for the BDO. However, as the situation normalized market has shown positive growth in the production of vehicles in 2021, as per OICA.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global 1,4 Butanediol (BDO) Market by Technology
- Butadiene Process
- Davy Process
- Propylene Oxide Process
- Reppe Process
Global 1,4 Butanediol (BDO) Market by Application
- Gamma-Butyrolactone
- Poly Butylenes Terephthalate (PBT)
- Polyurethane
- Tetrahydrofuran
Global 1,4 Butanediol (BDO) Market by End-Users
- Automotive Industry
- Electrical And Electronics
- Chemical Industry
- Footwear Industry
- Sports Industry
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Ashland Inc
- Bioamber Inc.
- Chemtura Corporation
- Chongqing Jian Feng Chemical Industry Co. Ltd.
- Dow Chemicals
- Exxon Mobi Chemicals
- Genomatica Inc.
- International Speciality Products
- Invista
- Lyondellbasell Industries
- Metabolix
- Mitsubishi Chemical Corporation
- Mitsui & Co. Ltd.
- Saudi International Petrochemical Company
- Shanxi Sanwei Group Co. Ltd.
- Shell Chemicals
- Sk Global Co. Ltd
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global 1,4 butanediol (BDO) market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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