Latin America 1,4 Butanediol Market Size & Outlook
Latin America 1,4 butanediol market, 2018-2030 (US$M)
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Latin America 1,4 butanediol market highlights
- The Latin America 1,4 butanediol market generated a revenue of USD 87.6 million in 2022.
- The market is expected to grow at a CAGR of 6.6% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 87.6 million |
| Market revenue in 2030 | USD 146.4 million |
| Growth rate | 6.6% (CAGR from 2022 to 2030) |
| Largest segment | Tetrahydrofuran (thf) |
| Fastest growing segment | Tetrahydrofuran (THF) |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 1.3% of the global 1,4 butanediol market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 1,239.8 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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Latin America 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 51.26% in 2022. Horizon Databook has segmented the Latin America 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.
Latin America is one of the fastest growing regions for the medical device outsourcing market owing to cost-effectiveness and rise in the number of new entrants venturing into the medical device market within the region. Brazil, Mexico, Colombia, Venezuela, and Argentina are driving the growth of the medical device market in Latin America.
In addition, its geographic placement being strategically close to the U.S. market is another factor boosting outsourcing to this region. Presence of CROs and regulatory service providers is also expected to considerably increase, which is expected to further drive the market growth during the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America 1,4 butanediol market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America 1,4 butanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America 1 size,4 butanediol market size, by country, 2018-2030 (US$M)
Latin America 1,4 Butanediol Market Outlook Share, 2022 & 2030 (US$M)
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