Middle East & Africa 1,4 Butanediol Derivatives Market Size & Outlook
Middle East & Africa 1,4 butanediol derivatives market, 2018-2030 (US$M)
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MEA 1,4 butanediol derivatives market highlights
- The MEA 1,4 butanediol derivatives market generated a revenue of USD 1,242.7 million in 2022.
- The market is expected to grow at a CAGR of 3.6% from 2023 to 2030.
- In terms of segment, tpu (thermoplastic polyurethane) was the largest revenue generating application in 2022.
- THF (tetrahydrofuran) is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 1,242.7 million |
| Market revenue in 2030 | USD 1,646.3 million |
| Growth rate | 3.6% (CAGR from 2022 to 2030) |
| Largest segment | Tpu (thermoplastic polyurethane) |
| Fastest growing segment | THF (tetrahydrofuran) |
| 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, MEA region accounted for 5.4% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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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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Middle East & Africa 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 26.99% in 2022. Horizon Databook has segmented the Middle East & Africa 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.
Rapid industrialization and improving infrastructure in the Middle East & Africa region are expected to positively impact the demand for plastics in building materials, thus augmenting the demand for 1,4- butanediol over the predicted years.
Growing construction and automotive sectors, especially in the Middle Eastern countries, including South Africa, Qatar, and UAE, due to economic recovery, increasing infrastructure projects, and advanced real estate regulatory framework are expected to drive the demand for the product.
In addition, various factors, including positive demographics and rising tourism activities, are expected to promote the growth of the construction and automotive sectors in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa 1,4 butanediol derivatives market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa 1,4 butanediol derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA 1,4 butanediol derivatives market size, by country, 2018-2030 (US$M)
Middle East & Africa 1,4 Butanediol Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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