Market Size of Bio-based 1,4-Butanediol Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 38.82 kilotons |
| Market Volume (2029) | 60.83 kilotons |
| CAGR (2024 - 2029) | 9.40 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Bio-based 1,4-Butanediol Market Analysis
The Bio-based 1,4-Butanediol Market size is estimated at 38.82 kilotons in 2024, and is expected to reach 60.83 kilotons by 2029, growing at a CAGR of 9.40% during the forecast period (2024-2029).
The COVID-19 pandemic affected the bio-based 1,4-butanediol market because of quarantined workforces, general businesses shut down, and disrupted supply chains. During the pandemic, many factories responsible for bio-based 1,4-butanediol production were shut down. The closure of these manufacturing plants dampened bio-based 1,4-butanediol sales. Sections like automobile, electrical and electronics, and textile were temporarily held. However, in the present scenario, the market growth recovered.
- The major factors driving the market's growth are the increasing polybutylene terephthalate (PBT) demand from various industries and stringent government regulations.
- On the flip side, massive competition from fossil fuel-based products remains a concern for the market studied.
- The shift in focus toward eco-friendly products will likely provide opportunities for the market studied during the forecast period.
- Europe dominated the market across the world. The demand in the region is driven by the growing usage of bio-based 1,4-butanediol in industries such as automotive, electronics, and consumer appliances.
