1,4-Butanediol (BDO) Market
1,4-Butanediol (BDO) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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1,4-Butanediol (BDO) Market Size and Growth
The 1,4-Butanediol (BDO) market exhibits robust growth due to increasing demand in the automotive, textile, and pharmaceutical sectors. As of 2023, the market size is valued at approximately $3 billion, driven by rising production capacities and innovation in applications. Market conditions highlight competitive dynamics and regional variations in demand.
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Companies Covered
(Covid 19 Impact Covered)
◍ 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
The 1,4-Butanediol (BDO) market features key players like BASF, Dairen Chemical, and LyondellBasell, leveraging BDO in producing plastics, fibers, and solvents. Innovations and capacity expansions by these companies drive market growth. Notable sales figures include BASF's revenue of €60 billion and INVISTA's $5 billion in performance materials.
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Market Segmentation
By Application
◍ Tetrahydrofuran (THF)
◍ Polybutylene Terephthalate (PBT)
◍ Gamma-Butyrolactone (GBL)
◍ Polyurethane (PU)
◍ Others
By Product
◍ 99% (GC) Purity
◍ 99.5% (GC) Purity
◍ Others
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Market Growth
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$ X Billion USD
