Asia Pacific 1,4 Butanediol Derivatives Market Size & Outlook
Asia Pacific 1,4 butanediol derivatives market, 2018-2030 (US$M)
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Asia Pacific 1,4 butanediol derivatives market highlights
- The Asia Pacific 1,4 butanediol derivatives market generated a revenue of USD 8,230.3 million in 2022.
- The market is expected to grow at a CAGR of 2.2% from 2023 to 2030.
- In terms of segment, tpu (thermoplastic polyurethane) was the largest revenue generating application in 2022.
- Spandex is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 8,230.3 million |
| Market revenue in 2030 | USD 9,818.2 million |
| Growth rate | 2.2% (CAGR from 2022 to 2030) |
| Largest segment | Tpu (thermoplastic polyurethane) |
| Fastest growing segment | Spandex |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | THF (tetrahydrofuran), GBL (y-Butyrolactone), Spandex, PBT (polybutylene terephthalate), PTMEG (Polytetramethylene Ether Glycol), NMP (N-methyl-2-pyrrolidone), NVP (N-Vinyl-2-pyrrolidone), PVP (polyvinylpyrrolidones), PBS (Polybutylene Succinate), PBAT (Polybutylene Adipate Terephthalate), TPU (Thermoplastic Polyurethane), 2 PY (2-pyrrolidone) |
| Key market players worldwide | Basf SE, Ashland Inc, Mitsubishi Chemical Group Corp, Evonik Industries AG, LyondellBasell Industries NV Class A, Sinopec Oilfield Service Corp Class H, Dairen Chemical Corporation, Sipchem, Genomatica |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 36.0% of the global 1,4 butanediol derivatives market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 1,908.8 million by 2030.
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1,4 Butanediol Derivatives Market Scope
1,4 Butanediol Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 1,4 butanediol derivatives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to 1,4 butanediol derivatives market will help companies and investors design strategic landscapes.
Tpu (thermoplastic polyurethane) was the largest segment with a revenue share of 15.43% in 2022. Horizon Databook has segmented the Asia Pacific 1,4 butanediol derivatives market based on thf (tetrahydrofuran), gbl (y-butyrolactone), spandex, pbt (polybutylene terephthalate), ptmeg (polytetramethylene ether glycol), nmp (n-methyl-2-pyrrolidone), nvp (n-vinyl-2-pyrrolidone), pvp (polyvinylpyrrolidones), pbs (polybutylene succinate), pbat (polybutylene adipate terephthalate), tpu (thermoplastic polyurethane), 2 py (2-pyrrolidone) covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is one of the prominent markets for 1,4-butanediol across the globe. An increase in construction activities, growing automobile production, and increasing foreign investments in the region are the factors expected to play a key role in driving the demand for 1,4-butanediol.
The region continues to be the most dynamic component of the global economy. China, India, and Southeast Asia are among the fastgrowing construction markets in the region. As a result, the demand for 1,4-butanediol is expected to penetrate at a significant rate in the Asia Pacific over the coming years.
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Our clientele includes a mix of 1,4 butanediol derivatives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific 1,4 butanediol derivatives market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific 1,4 butanediol derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific 1,4 butanediol derivatives market size, by country, 2018-2030 (US$M)
Asia Pacific 1,4 Butanediol Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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