North America 1,4 Butanediol Derivatives Market Size & Outlook
North America 1,4 butanediol derivatives market, 2018-2030 (US$M)
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North America 1,4 butanediol derivatives market highlights
- The North America 1,4 butanediol derivatives market generated a revenue of USD 5,835.9 million in 2022.
- The market is expected to grow at a CAGR of 2.6% from 2023 to 2030.
- In terms of segment, tpu (thermoplastic polyurethane) was the largest revenue generating application in 2022.
- GBL (y-Butyrolactone) is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 5,835.9 million |
| Market revenue in 2030 | USD 7,176.2 million |
| Growth rate | 2.6% (CAGR from 2022 to 2030) |
| Largest segment | Tpu (thermoplastic polyurethane) |
| Fastest growing segment | GBL (y-Butyrolactone) |
| 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, North America region accounted for 25.5% 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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North America 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 35.18% in 2022. Horizon Databook has segmented the North America 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.
1,4-butanediol (BDO) is a colorless, viscous liquid with a high boiling point and is mainly used as a precursor for producing a range of chemicals. One of its significant uses is in the production of polyurethane, which is used in various industries.
Polyurethane is used in construction industry for insulation, adhesives, and roofing, in automotive industry for seat cushions, bumpers, and coatings, and in furniture & bedding industry for foams and cushions. It is also used in electronics for coatings and encapsulation materials and in packaging for protective materials and as a flexible foam.
In addition to its uses in polyurethane production, 1,4-butanediol is used as a solvent for paints and coatings, adhesives, and in the synthesis of cast urethane elastomers. It is also used as a raw material for the manufacture of tetrahydrofuran, which is used in the production of fibers and other materials.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America 1,4 butanediol derivatives market , including forecasts for subscribers. This continent databook contains high-level insights into North America 1,4 butanediol derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America 1,4 butanediol derivatives market size, by country, 2018-2030 (US$M)
North America 1,4 Butanediol Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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