The global 1,4 Butanediol Derivatives Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By THF (PTMEG (Polytetramethylene Ether Glycol), Solvents), By PTMEG (Spandex, Polyurethane, Others), By GBL (NMP (N-methyl-2-pyrrolidone), 2 PY (2-pyrrolidone), Others), By Spandex (Clothing, Medical, Others), By PBT (Electronics, Automotive, Consumer Goods, Others), By NMP (Petrochemicals, Electronics, Paints & Coatings, Others), By PBAT (Food Packaging, Agricultural Films, Others), By TPU (Footwear, Automotive, Electronics, Medical, Others), By 2 PY (Coatings, Inks, Pharmaceuticals, Others), By NVP (PVP (Polyvinylpyrrolidones), Adhesives, Coatings, Others), By PVP (Pharmaceuticals, Personal Care/Cosmetics, Detergents, Others), By PBS (Mulch Films, Packaging, Others).
The market for 1,4 Butanediol (BDO) derivatives is witnessing steady growth owing to their widespread applications in the production of polymers, solvents, and fine chemicals. One of the key trends shaping the future of this market is the increasing demand for polyurethane, polyester, and spandex, where BDO derivatives serve as essential precursors. With the rising adoption of flexible and lightweight materials in industries such as textiles, automotive, and electronics, the demand for BDO derivatives is expected to surge further. Moreover, advancements in bio-based production methods and the development of sustainable alternatives to traditional BDO derivatives are anticipated to play a significant role in shaping the future landscape of the market. Additionally, the growing emphasis on recycling and circular economy initiatives is likely to drive innovation in the development of bio-based BDO derivatives, contributing to a more sustainable industry ecosystem.
The market report analyses the leading companies in the industry including BASF SE, Ashland, DCC, Mitsubishi Chemical Group Corp., Evonik Industries AG, LyondellBasell Industries Holdings B.V., Sipchem Company, SINOPEC (China Petrochemical Corp.), Genomatica Inc..
Demand for sustainable solutions is increasingly observed, driven by environmental concerns and regulatory pressures. Industries across sectors such as automotive, textiles, and electronics are shifting towards eco-friendly alternatives in their manufacturing processes. This extends to the use of 1,4 Butanediol derivatives, which are widely utilized in the production of various polymers, solvents, and coatings. Manufacturers are increasingly seeking bio-based or renewable sources for these derivatives, as well as adopting green synthesis methods to minimize environmental impact throughout the supply chain.
Rising demand from the $81.2 billion polyurethane industry, which is poised to register 4.6% CAGR over the forecast period. Polyurethanes are versatile polymers used in a wide range of applications, including foams, coatings, adhesives, and elastomers. 1,4 Butanediol derivatives serve as essential building blocks in the synthesis of polyurethane polymers, providing flexibility, durability, and resilience to the final products. As industries such as construction, automotive, and furniture continue to expand globally, the demand for polyurethane materials is expected to surge, consequently driving the demand for 1,4 Butanediol derivatives.
1,4 Butanediol derivatives exhibit superior properties suitable for pharmaceutical formulations, including solvency, stability, and compatibility with active ingredients. With the increasing demand for pharmaceutical products globally, there is a growing need for excipients and solvents that meet stringent quality standards and regulatory requirements. Accordingly, leading vendors are targeting the pharmaceutical industry and developing derivatives tailored to specific formulation needs.
The PTMEG (Polytetramethylene Ether Glycol) segment is the largest segment in the 1,4 Butanediol Derivatives Market due to its wide range of applications and versatility. PTMEG is a key intermediate chemical used in the production of various high-performance polymers, including spandex fibers, polyurethane elastomers, and thermoplastic polyurethane (TPU). Its superior properties such as high flexibility, resilience, and chemical resistance make it indispensable in industries such as textiles, automotive, and construction. As the demand for advanced materials with enhanced mechanical properties and durability continues to rise across these sectors, the demand for PTMEG as a precursor for these polymers grows correspondingly. Additionally, the increasing adoption of PTMEG in the production of bio-based and environmentally friendly materials further drives its dominance in the 1,4 Butanediol Derivatives Market. With its widespread use and indispensable role in the production of high-performance polymers, PTMEG remains the largest and most significant segment in the market.
The Spandex segment is the fastest-growing segment in the 1,4 Butanediol Derivatives Market, driven by the increasing demand for stretchable and form-fitting textiles in various industries. Spandex, also known as elastane, is a synthetic fiber renowned for its exceptional elasticity and resilience, making it ideal for applications in sportswear, activewear, lingerie, and medical textiles. As consumers prioritize comfort, performance, and versatility in their clothing, the demand for spandex-infused fabrics continues to surge. In addition, technological advancements in textile manufacturing processes have facilitated the production of spandex blends with improved stretch and recovery properties, further fueling its adoption across diverse end-user industries. Additionally, the growing trend toward athleisure wear and the rising awareness of sustainable fashion drive innovation in spandex production, leading to the development of eco-friendly and biodegradable variants. With its widespread applications and increasing consumer demand, the Spandex segment is poised for robust growth in the 1,4 Butanediol Derivatives Market.
The NMP (N-methyl-2-pyrrolidone) segment stands as the largest segment in the 1,4 Butanediol Derivatives Market, primarily due to its diverse range of applications and excellent solvency properties. NMP is widely utilized as a high-performance solvent in various industries, including pharmaceuticals, electronics, agrochemicals, and polymers. Its ability to dissolve a wide range of substances, coupled with its low volatility and high boiling point, makes it indispensable in processes such as extraction, purification, and synthesis. In the pharmaceutical industry, NMP is used in drug formulation and as a solvent for active pharmaceutical ingredients (APIs). Similarly, in the electronics industry, NMP serves as a key component in the manufacturing of lithium-ion batteries, integrated circuits, and semiconductor devices. In addition, the increasing demand for NMP in emerging applications such as lithium-ion battery electrolytes and graphene production further solidify its position as the largest segment in the 1,4 Butanediol Derivatives Market. With its extensive utility and versatility across multiple industries, NMP continues to drive significant growth and development in the market.
By THF (Tetrahydrofuran)
PTMEG (Polytetramethylene Ether Glycol)
Solvents
By PTMEG (Polytetramethylene Ether Glycol)
Spandex
Polyurethane
Others
By GBL (γ-Butyrolactone)
NMP (N-methyl-2-pyrrolidone)
2 PY (2-pyrrolidone)
Others
By Spandex
Clothing
Medical
Others
By PBT (Polybutylene Terephthalate)
Electronics
Automotive
Consumer Goods
Others
By NMP (N-methyl-2-pyrrolidone)
Petrochemicals
Electronics
Paints & Coatings
Others
By PBAT (Polybutylene Adipate Terephthalate)
Food Packaging
Agricultural Films
Others
By TPU (Thermoplastic Polyurethane)
Footwear
Automotive
Electronics
Medical
Others
By 2 PY (2-pyrrolidone)
Coatings
Inks
Pharmaceuticals
Others
By NVP (N-Vinyl-2-pyrrolidone)
PVP (Polyvinylpyrrolidones)
Adhesives
Coatings
Others
By PVP (Polyvinylpyrrolidones)
Pharmaceuticals
Personal Care/Cosmetics
Detergents
Others
By PBS (Polybutylene Succinate)
Mulch Films
Packaging
Others
BASF SE
Ashland
DCC
Mitsubishi Chemical Group Corp.
Evonik Industries AG
LyondellBasell Industries Holdings B.V.
Sipchem Company
SINOPEC (China Petrochemical Corp.)
Genomatica Inc.
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 1,4 Butanediol Derivatives Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global 1,4 Butanediol Derivatives Market Size Outlook, $ Million, 2021 to 2030
3.2 1,4 Butanediol Derivatives Market Outlook by Type, $ Million, 2021 to 2030
3.3 1,4 Butanediol Derivatives Market Outlook by Product, $ Million, 2021 to 2030
3.4 1,4 Butanediol Derivatives Market Outlook by Application, $ Million, 2021 to 2030
3.5 1,4 Butanediol Derivatives Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of 1,4 Butanediol Derivatives Industry
4.2 Key Market Trends in 1,4 Butanediol Derivatives Industry
4.3 Potential Opportunities in 1,4 Butanediol Derivatives Industry
4.4 Key Challenges in 1,4 Butanediol Derivatives Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global 1,4 Butanediol Derivatives Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global 1,4 Butanediol Derivatives Market Outlook by Segments
7.1 1,4 Butanediol Derivatives Market Outlook by Segments, $ Million, 2021- 2030
By THF (Tetrahydrofuran)
PTMEG (Polytetramethylene Ether Glycol)
Solvents
By PTMEG (Polytetramethylene Ether Glycol)
Spandex
Polyurethane
Others
By GBL (γ-Butyrolactone)
NMP (N-methyl-2-pyrrolidone)
2 PY (2-pyrrolidone)
Others
By Spandex
Clothing
Medical
Others
By PBT (Polybutylene Terephthalate)
Electronics
Automotive
Consumer Goods
Others
By NMP (N-methyl-2-pyrrolidone)
Petrochemicals
Electronics
Paints & Coatings
Others
By PBAT (Polybutylene Adipate Terephthalate)
Food Packaging
Agricultural Films
Others
By TPU (Thermoplastic Polyurethane)
Footwear
Automotive
Electronics
Medical
Others
By 2 PY (2-pyrrolidone)
Coatings
Inks
Pharmaceuticals
Others
By NVP (N-Vinyl-2-pyrrolidone)
PVP (Polyvinylpyrrolidones)
Adhesives
Coatings
Others
By PVP (Polyvinylpyrrolidones)
Pharmaceuticals
Personal Care/Cosmetics
Detergents
Others
By PBS (Polybutylene Succinate)
Mulch Films
Packaging
Others
8 North America 1,4 Butanediol Derivatives Market Analysis and Outlook To 2030
8.1 Introduction to North America 1,4 Butanediol Derivatives Markets in 2024
8.2 North America 1,4 Butanediol Derivatives Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America 1,4 Butanediol Derivatives Market size Outlook by Segments, 2021-2030
By THF (Tetrahydrofuran)
PTMEG (Polytetramethylene Ether Glycol)
Solvents
By PTMEG (Polytetramethylene Ether Glycol)
Spandex
Polyurethane
Others
By GBL (γ-Butyrolactone)
NMP (N-methyl-2-pyrrolidone)
2 PY (2-pyrrolidone)
Others
By Spandex
Clothing
Medical
Others
By PBT (Polybutylene Terephthalate)
Electronics
Automotive
Consumer Goods
Others
By NMP (N-methyl-2-pyrrolidone)
Petrochemicals
Electronics
Paints & Coatings
Others
By PBAT (Polybutylene Adipate Terephthalate)
Food Packaging
Agricultural Films
Others
By TPU (Thermoplastic Polyurethane)
Footwear
Automotive
Electronics
Medical
Others
By 2 PY (2-pyrrolidone)
Coatings
Inks
Pharmaceuticals
Others
By NVP (N-Vinyl-2-pyrrolidone)
PVP (Polyvinylpyrrolidones)
Adhesives
Coatings
Others
By PVP (Polyvinylpyrrolidones)
Pharmaceuticals
Personal Care/Cosmetics
Detergents
Others
By PBS (Polybutylene Succinate)
Mulch Films
Packaging
Others
9 Europe 1,4 Butanediol Derivatives Market Analysis and Outlook To 2030
9.1 Introduction to Europe 1,4 Butanediol Derivatives Markets in 2024
9.2 Europe 1,4 Butanediol Derivatives Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe 1,4 Butanediol Derivatives Market Size Outlook by Segments, 2021-2030
By THF (Tetrahydrofuran)
PTMEG (Polytetramethylene Ether Glycol)
Solvents
By PTMEG (Polytetramethylene Ether Glycol)
Spandex
Polyurethane
Others
By GBL (γ-Butyrolactone)
NMP (N-methyl-2-pyrrolidone)
2 PY (2-pyrrolidone)
Others
By Spandex
Clothing
Medical
Others
By PBT (Polybutylene Terephthalate)
Electronics
Automotive
Consumer Goods
Others
By NMP (N-methyl-2-pyrrolidone)
Petrochemicals
Electronics
Paints & Coatings
Others
By PBAT (Polybutylene Adipate Terephthalate)
Food Packaging
Agricultural Films
Others
By TPU (Thermoplastic Polyurethane)
Footwear
Automotive
Electronics
Medical
Others
By 2 PY (2-pyrrolidone)
Coatings
Inks
Pharmaceuticals
Others
By NVP (N-Vinyl-2-pyrrolidone)
PVP (Polyvinylpyrrolidones)
Adhesives
Coatings
Others
By PVP (Polyvinylpyrrolidones)
Pharmaceuticals
Personal Care/Cosmetics
Detergents
Others
By PBS (Polybutylene Succinate)
Mulch Films
Packaging
Others
10 Asia Pacific 1,4 Butanediol Derivatives Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific 1,4 Butanediol Derivatives Markets in 2024
10.2 Asia Pacific 1,4 Butanediol Derivatives Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific 1,4 Butanediol Derivatives Market size Outlook by Segments, 2021-2030
By THF (Tetrahydrofuran)
PTMEG (Polytetramethylene Ether Glycol)
Solvents
By PTMEG (Polytetramethylene Ether Glycol)
Spandex
Polyurethane
Others
By GBL (γ-Butyrolactone)
NMP (N-methyl-2-pyrrolidone)
2 PY (2-pyrrolidone)
Others
By Spandex
Clothing
Medical
Others
By PBT (Polybutylene Terephthalate)
Electronics
Automotive
Consumer Goods
Others
By NMP (N-methyl-2-pyrrolidone)
Petrochemicals
Electronics
Paints & Coatings
Others
By PBAT (Polybutylene Adipate Terephthalate)
Food Packaging
Agricultural Films
Others
By TPU (Thermoplastic Polyurethane)
Footwear
Automotive
Electronics
Medical
Others
By 2 PY (2-pyrrolidone)
Coatings
Inks
Pharmaceuticals
Others
By NVP (N-Vinyl-2-pyrrolidone)
PVP (Polyvinylpyrrolidones)
Adhesives
Coatings
Others
By PVP (Polyvinylpyrrolidones)
Pharmaceuticals
Personal Care/Cosmetics
Detergents
Others
By PBS (Polybutylene Succinate)
Mulch Films
Packaging
Others
11 South America 1,4 Butanediol Derivatives Market Analysis and Outlook To 2030
11.1 Introduction to South America 1,4 Butanediol Derivatives Markets in 2024
11.2 South America 1,4 Butanediol Derivatives Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America 1,4 Butanediol Derivatives Market size Outlook by Segments, 2021-2030
By THF (Tetrahydrofuran)
PTMEG (Polytetramethylene Ether Glycol)
Solvents
By PTMEG (Polytetramethylene Ether Glycol)
Spandex
Polyurethane
Others
By GBL (γ-Butyrolactone)
NMP (N-methyl-2-pyrrolidone)
2 PY (2-pyrrolidone)
Others
By Spandex
Clothing
Medical
Others
By PBT (Polybutylene Terephthalate)
Electronics
Automotive
Consumer Goods
Others
By NMP (N-methyl-2-pyrrolidone)
Petrochemicals
Electronics
Paints & Coatings
Others
By PBAT (Polybutylene Adipate Terephthalate)
Food Packaging
Agricultural Films
Others
By TPU (Thermoplastic Polyurethane)
Footwear
Automotive
Electronics
Medical
Others
By 2 PY (2-pyrrolidone)
Coatings
Inks
Pharmaceuticals
Others
By NVP (N-Vinyl-2-pyrrolidone)
PVP (Polyvinylpyrrolidones)
Adhesives
Coatings
Others
By PVP (Polyvinylpyrrolidones)
Pharmaceuticals
Personal Care/Cosmetics
Detergents
Others
By PBS (Polybutylene Succinate)
Mulch Films
Packaging
Others
12 Middle East and Africa 1,4 Butanediol Derivatives Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa 1,4 Butanediol Derivatives Markets in 2024
12.2 Middle East and Africa 1,4 Butanediol Derivatives Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa 1,4 Butanediol Derivatives Market size Outlook by Segments, 2021-2030
By THF (Tetrahydrofuran)
PTMEG (Polytetramethylene Ether Glycol)
Solvents
By PTMEG (Polytetramethylene Ether Glycol)
Spandex
Polyurethane
Others
By GBL (γ-Butyrolactone)
NMP (N-methyl-2-pyrrolidone)
2 PY (2-pyrrolidone)
Others
By Spandex
Clothing
Medical
Others
By PBT (Polybutylene Terephthalate)
Electronics
Automotive
Consumer Goods
Others
By NMP (N-methyl-2-pyrrolidone)
Petrochemicals
Electronics
Paints & Coatings
Others
By PBAT (Polybutylene Adipate Terephthalate)
Food Packaging
Agricultural Films
Others
By TPU (Thermoplastic Polyurethane)
Footwear
Automotive
Electronics
Medical
Others
By 2 PY (2-pyrrolidone)
Coatings
Inks
Pharmaceuticals
Others
By NVP (N-Vinyl-2-pyrrolidone)
PVP (Polyvinylpyrrolidones)
Adhesives
Coatings
Others
By PVP (Polyvinylpyrrolidones)
Pharmaceuticals
Personal Care/Cosmetics
Detergents
Others
By PBS (Polybutylene Succinate)
Mulch Films
Packaging
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
BASF SE
Ashland
DCC
Mitsubishi Chemical Group Corp.
Evonik Industries AG
LyondellBasell Industries Holdings B.V.
Sipchem Company
SINOPEC (China Petrochemical Corp.)
Genomatica Inc.
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By THF (Tetrahydrofuran)
PTMEG (Polytetramethylene Ether Glycol)
Solvents
By PTMEG (Polytetramethylene Ether Glycol)
Spandex
Polyurethane
Others
By GBL (γ-Butyrolactone)
NMP (N-methyl-2-pyrrolidone)
2 PY (2-pyrrolidone)
Others
By Spandex
Clothing
Medical
Others
By PBT (Polybutylene Terephthalate)
Electronics
Automotive
Consumer Goods
Others
By NMP (N-methyl-2-pyrrolidone)
Petrochemicals
Electronics
Paints & Coatings
Others
By PBAT (Polybutylene Adipate Terephthalate)
Food Packaging
Agricultural Films
Others
By TPU (Thermoplastic Polyurethane)
Footwear
Automotive
Electronics
Medical
Others
By 2 PY (2-pyrrolidone)
Coatings
Inks
Pharmaceuticals
Others
By NVP (N-Vinyl-2-pyrrolidone)
PVP (Polyvinylpyrrolidones)
Adhesives
Coatings
Others
By PVP (Polyvinylpyrrolidones)
Pharmaceuticals
Personal Care/Cosmetics
Detergents
Others
By PBS (Polybutylene Succinate)
Mulch Films
Packaging
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global 1,4 Butanediol Derivatives is forecast to reach $47.3 Billion in 2030 from $32.4 Billion in 2024, registering a CAGR of 6.5% over the outlook period
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
BASF SE, Ashland, DCC, Mitsubishi Chemical Group Corp., Evonik Industries AG, LyondellBasell Industries Holdings B.V., Sipchem Company, SINOPEC (China Petrochemical Corp.), Genomatica Inc.
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume