Insights About the Global 1,4-Butanediol Market to 2026 – Growth, Trends, COVID-19 Impact and Forecasts


DUBLIN, December 17, 2021–(BUSINESS WIRE)–The report “1,4 Butanediol Market – Growth, Trends, COVID-19 Impact, and Forecast (2021 – 2026)” has been added to ResearchAndMarkets.com’s to offer.

The global 1,4-butanediol market is estimated at 2,170 kilotons in 2020 and is expected to register a CAGR of over 3.5% during the forecast period (2021-2026).

Named companies

  • Ashland

  • BASF SE

  • DCC

  • LyondellBasell Industries Holdings BV

  • Mitsubishi Chemical Corporation

  • IN YA PLASTIC CORPORATION

  • SINOPEC YIZHENG CHEMICAL FIBER LIMITED LIABILITY COMPANY

  • sipchem

  • Shanxi Sanwei Group Co. Ltd

  • Xinjiang Guotai

  • Xinjiang Tianye (Group) Co. Ltd

  • Xinjiang Blueridge Tunhe Chemical Industry Co. Ltd

Key Market Trends

Textile industry to dominate market demand

  • 1.4 BDO is also used as an adhesive in leather, plastics, polyester laminates and polyurethane footwear. 1,4-Butanediol is a direct chemical used in the production of thermoplastic polyurethane (TPU) which is further used in making synthetic leather sole material.

  • THF is used to produce spandex fibers that have conquered the clothing industry. Spandex is a lightweight, soft, smooth synthetic fiber with a unique elasticity. Due to its elastic property, it is used in making stretchable clothes. Spandex fibers, composed of 80% polytetramethylene ether glycol (PTMEG or PolyTHF), can be stretched to between 500% and 700% of their original length and retain their shape lastingly. The growth rates for spandex fibers are estimated to be about 10%, which is much higher than the growth rates for textiles. The trend towards comfortable clothing with a high wearing comfort is driving demand in this area.

  • The material is used in making compression garments: motion capture suits, surgical tubing and support tubing.

  • This is also a handy fabric for catering and industrial organizations. Spandex fabrics are typically used in garments where comfort and fit are both required, such as hosiery, swimwear, sportswear, socks, surgical tubing, undergarments, gloves, bib shorts, wrestling suits, rowing suits, specialized clothing such as zentai suits, motion capture suits, denim, etc. Furthermore, it is used in sports equipment such as volleyball, football and netball and bodysuit. Spandex is also used for tablecloths – the elastic nature of the fibers ensures that the cloth is durable enough to withstand the wear and tear that comes with frequent use. The material also finds its applications in household products such as fitted sheets and micro-bead pillows etc.

Asia-Pacific region to dominate the market

  • The Asia-Pacific region dominated the global market in 2020. The demand for market research is driven by the growing demand from various industries such as electronics, leather and electronics.

  • China is the world’s largest automaker and is now focusing on developing electric vehicles.

  • The region has witnessed numerous investments by global automakers such as BMW, Hyundai Motors and Honda in the automotive industry. This in turn is likely to increase the demand for 1,4-butanediol.

  • In addition, China has the world’s largest electronics manufacturing base. Electronic products, such as smartphones, OLED TVs, tablets, wires, cables, earphones, etc., have the largest growth in the electronics segment. With the increase in the disposable income of the middle-class population and the increasing demand for electronic products from countries that import electronic products from China, the production of electronics has increased.

  • In India, the government has also boosted the growth of the electronics industry through initiatives, such as a Phased Manufacturing Program (PMP), to add more smartphone components under the “Make in India” initiative, to boost domestic mobile production. to boost handsets .

  • Moreover, with the rising income of the population, the demand for consumer equipment such as air conditioners, refrigerators, washing machines, microwave ovens, etc. has increased significantly, further stimulating the growth of the consumer equipment market. Growth in the electronics industry would pave the way for chemicals used in manufacturing, accelerating the growth of 1,4-butanediol.

  • According to Japan Electronics and Information Technology Industries (JEITA), the electronics industry is estimated to have a growth rate of 7% with the increase in the use of external technologies in 2021.

  • Therefore, all such favorable market trends are expected to boost the demand for 1,4-butanediol during the forecast period.

Main topics covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Increasing demand for tetrahydrofuran (THF) for spandex fibers

4.1.2 Increasing demand for polybutylene terephthalate (PBT) from various industries

4.2 Limitations

4.2.1 Shutdown of 1,4-butanediol plants over the years

4.2.2 Adverse conditions due to COVID-19 outbreak

4.3 Industry value chain analysis

4.4 Porter’s Five Forces Analysis

4.5 Production capacity (big players)

5 MARKET SEGMENTATION

5.1 Derivative

5.2 End user industry

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and acquisitions, joint ventures, collaborations and agreements

6.2 Market Share (%)**/Rank Analysis

6.3 Strategies adopted by leading players

6.4 Company profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Increasing development of biobased BDO

7.2 Reducing the carbon footprint of clothing

For more information on this report, please visit https://www.researchandmarkets.com/r/gnej0x

Check out the source version at businesswire.com: https://www.businesswire.com/news/home/20211217005269/en/

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