China 1,4 Butanediol Market Size & Outlook, 2022-2030
China 1,4 butanediol market, 2018-2030 (US$M)
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China 1,4 butanediol market highlights
- The China 1,4 butanediol market generated a revenue of USD 3,473.1 million in 2022 and is expected to reach USD 7,345.7 million by 2030.
- The China market is expected to grow at a CAGR of 9.8% from 2023 to 2030.
- In terms of segment, tetrahydrofuran (thf) was the largest revenue generating application in 2022.
- Tetrahydrofuran (THF) is the most lucrative application segment registering the fastest growth during the forecast period.
1,4 butanediol market data book summary
| Market revenue in 2022 | USD 3,473.1 million |
| Market revenue in 2030 | USD 7,345.7 million |
| Growth rate | 9.8% (CAGR from 2022 to 2030) |
| Largest segment | Tetrahydrofuran (thf) |
| Fastest growing segment | Tetrahydrofuran (THF) |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tetrahydrofuran (THF), Polybutylene Terephthalate (PBT), Gamma-Butyrolactone (GBL), Polyurethane (PU) |
| Key market players worldwide | Basf SE, Ashland Inc, DCC PLC, Mitsubishi Chemical Group Corp, Evonik Industries AG, LyondellBasell Industries NV Class A, China Petroleum & Chemical Corp Class H, Sipchem, Genomatica |
Other key industry trends
- In terms of revenue, China accounted for 53.4% of the global 1,4 butanediol market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China 1,4 butanediol market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,345.7 million by 2030.
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1,4 Butanediol Market Scope
1,4 Butanediol Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 1,4 butanediol 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 market will help companies and investors design strategic landscapes.
Tetrahydrofuran (thf) was the largest segment with a revenue share of 52.2% in 2022. Horizon Databook has segmented the China 1,4 butanediol market based on tetrahydrofuran (thf), polybutylene terephthalate (pbt), gamma-butyrolactone (gbl), polyurethane (pu) covering the revenue growth of each sub-segment from 2018 to 2030.
In addition, rise in the geriatric population and presence of a large fraction of the population belonging to the middle-income group increases the demand for innovative & cost-effective medical equipment, which is expected to attract major medical device companies to this region.
The low cost of labor is one of the key factors, and outsourcing clinical research services in China is cost-effective. Owing to this reason, the number of clinical research studies in China is expected to increase.
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Horizon Databook provides a detailed overview of country-level data and insights on the China 1,4 butanediol market , including forecasts for subscribers. This country databook contains high-level insights into China 1,4 butanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China 1 size,4 butanediol market size, by application, 2018-2030 (US$M)
China 1,4 Butanediol Market Outlook Share, 2022 & 2030 (US$M)
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