1,4-Butanediol
(BDO) is an organic compound widely used as an industrial chemical intermediate
in the production of various products. Its applications range across multiple
industries, including the manufacture of plastics, pharmaceuticals, fibers, and
solvents. The market for 1,4-Butanediol has experienced significant growth in
recent years, driven by the increasing demand for materials that incorporate
BDO as a key component, particularly in the automotive, textile, and
electronics sectors.
The 1,4-Butanediol
Market was valued at USD 7.3 billion in 2022 and is projected to grow from
USD 7.45 billion in 2023 to USD 14.66 billion by 2030. The market is expected
to exhibit a compound annual growth rate (CAGR) of 8.1% during the forecast
period from 2024 to 2032.
Market
Dynamics and Growth Drivers
Several
key factors are driving the growth of the 1,4-Butanediol
(BDO) Market Size is:
The
1,4-Butanediol market is influenced by a variety of factors that contribute to
its growth trajectory. One of the primary drivers is the rising demand for
polybutylene terephthalate (PBT), a thermoplastic polymer that is highly
durable and resistant to heat. PBT is widely used in the automotive and
electronics industries for components such as connectors, switches, and
housings.
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