South Korea 1,4 Butanediol Market Size & Outlook
South Korea 1,4 butanediol market, 2018-2030 (US$M)
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South Korea 1,4 butanediol market highlights
- The South Korea 1,4 butanediol market generated a revenue of USD 167.5 million in 2022 and is expected to reach USD 332.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9% 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 167.5 million |
| Market revenue in 2030 | USD 332.7 million |
| Growth rate | 9% (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, South Korea accounted for 2.6% 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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South Korea 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 47.16% in 2022. Horizon Databook has segmented the South Korea 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.
The country has several high-tech manufacturing facilities as well as research infrastructure. The cost of manufacturing and development of medical devices is quite less in the country as compared to developed economies.
South Korea is a prominent destination for clinical trials in Asia, with its superior medical infrastructure and a highly educated, relatively healthy & wealthy population.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea 1,4 butanediol market , including forecasts for subscribers. This country databook contains high-level insights into South Korea 1,4 butanediol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea 1 size,4 butanediol market size, by application, 2018-2030 (US$M)
South Korea 1,4 Butanediol Market Outlook Share, 2022 & 2030 (US$M)
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