Europe 1,4 Butanediol Derivatives Market Size & Outlook
Europe 1,4 butanediol derivatives market, 2018-2030 (US$M)
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Europe 1,4 butanediol derivatives market highlights
- The Europe 1,4 butanediol derivatives market generated a revenue of USD 6,269.5 million in 2022.
- The market is expected to grow at a CAGR of 1% from 2023 to 2030.
- In terms of segment, tpu (thermoplastic polyurethane) was the largest revenue generating application in 2022.
- PBAT (Polybutylene Adipate Terephthalate) is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 6,269.5 million |
| Market revenue in 2030 | USD 6,770.7 million |
| Growth rate | 1% (CAGR from 2022 to 2030) |
| Largest segment | Tpu (thermoplastic polyurethane) |
| Fastest growing segment | PBAT (Polybutylene Adipate Terephthalate) |
| 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, Europe region accounted for 27.4% 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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Europe 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 36.48% in 2022. Horizon Databook has segmented the Europe 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.
The major driver for the 1,4-butanediol market in Europe is the rise in the use of polybutylene terephthalate (PBT) and tetrahydrofuran (THF) in various products such as car bumpers, computer housings, and plumbing, which is increasing the demand for BDO as a raw material.
The European 1,4- BDO market is becoming more dependent on domestic production due to global supply constraints and increasing demand for downstream products. The growing demand for enhanced quality stretch fabric in various textile applications is also driving the spandex fibers market, which uses BDO as a raw material.
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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 Europe 1,4 butanediol derivatives market , including forecasts for subscribers. This continent databook contains high-level insights into Europe 1,4 butanediol derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe 1,4 butanediol derivatives market size, by country, 2018-2030 (US$M)
Europe 1,4 Butanediol Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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