What is Global 1, 4 Bitanediol Market?
The Global 1, 4 Bitanediol Market is a comprehensive study of the global market trends and growth prospects for the chemical compound 1, 4 Bitanediol. This compound is an organic liquid that is used in the production of various industrial chemicals. The market study encompasses the production, consumption, and sales of 1, 4 Bitanediol across the globe. The market was valued at a significant US$ 5287.9 million in 2023 and is projected to reach an impressive US$ 8876.2 million by 2030. This indicates a robust growth rate, with a Compound Annual Growth Rate (CAGR) of 7.7% during the forecast period from 2024 to 2030. The market's growth is driven by the increasing demand for 1, 4 Bitanediol in various industries, including the manufacturing of Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethanes (PU), and others.
Reppe process, Davy process, Butadiene process, Propylene oxide process in the Global 1, 4 Bitanediol Market:
The Global 1, 4 Bitanediol Market is primarily produced through four key processes: the Reppe process, the Davy process, the Butadiene process, and the Propylene oxide process. The Reppe process involves the reaction of acetylene and formaldehyde under high pressure and temperature to produce 1, 4 Bitanediol. The Davy process, on the other hand, uses butadiene as a raw material and involves a series of reactions to produce the compound. The Butadiene process is a more direct method, where butadiene is hydroformylated to produce 1, 4 Bitanediol. Lastly, the Propylene oxide process involves the oxidation of propylene to produce the compound. Each of these processes has its own advantages and disadvantages, and the choice of process depends on various factors such as the availability of raw materials, cost, and environmental considerations.
Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethanes (PU), Others in the Global 1, 4 Bitanediol Market:
1, 4 Bitanediol is used in a wide range of applications in various industries. One of the primary uses of this compound is in the production of Tetrahydrofuran (THF), a versatile solvent used in various applications such as PVC production, cellophane, and pharmaceuticals. It is also used in the production of Polybutylene Terephthalate (PBT), a type of polyester used in various applications such as automotive parts, electrical components, and consumer goods. Gamma-Butyrolactone (GBL) is another product derived from 1, 4 Bitanediol, which is used as a solvent in various industries. Additionally, 1, 4 Bitanediol is used in the production of Polyurethanes (PU), a type of polymer used in various applications such as foams, coatings, and adhesives. Other applications of 1, 4 Bitanediol include the production of plastics, solvents, and other industrial chemicals.
Global 1, 4 Bitanediol Market Outlook:
The future outlook for the Global 1, 4 Bitanediol Market is promising, with a projected growth rate of 7.7% from 2024 to 2030. The market, which was valued at US$ 5287.9 million in 2023, is expected to reach a value of US$ 8876.2 million by 2030. This growth is driven by the increasing demand for 1, 4 Bitanediol in various industries, including the production of Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethanes (PU), and others. The market's growth is also supported by advancements in production processes and the increasing availability of raw materials. However, the market also faces challenges such as environmental concerns and regulatory restrictions. Despite these challenges, the market's growth prospects remain strong, driven by the increasing demand for 1, 4 Bitanediol in various industries.
| Report Metric | Details |
| Report Name | 1, 4 Bitanediol Market |
| Accounted market size in 2023 | US$ 5287.9 million |
| Forecasted market size in 2030 | US$ 8876.2 million |
| CAGR | 7.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | BASF, Dairen Chemical, Lyondellbasell, Ashland, Nanya Plastics Corporation, Mitsubishi Chemical Corporation, INVISTA, MarkorChem, Xinjiang Tianye, Changcheng Energy, Shanxi Sanwei Group, Shanxi BidiOu, Sichuan Tianhua, Henan Kaixiang Fine Chemical, HNEC, TunHe |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
