South Korea Butenediol Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The South Korea Butenediol market is experiencing significant growth, driven by diverse industrial applications and rising demand from key sectors. As an essential chemical intermediate, butanediol (BDO) plays a crucial role in manufacturing a wide array of products, including plastics, solvents, and synthetic fibers. The market's expansion reflects the increasing need for high-performance materials in automotive, textiles, and electronics industries.
In South Korea, the BDO market is primarily fueled by the automotive and textile industries, both of which are significant contributors to the nation's economy. BDO is widely used in the production of polyurethane, which is a key material in car interiors and insulation products. As the automotive sector pushes for lighter, more durable materials, the demand for BDO is expected to rise further, with manufacturers focusing on enhancing the performance and sustainability of their products.
Furthermore, the textile industry’s reliance on BDO is growing. BDO is used in the production of spandex, a critical material for activewear and sportswear. As South Korea continues to lead in textile innovations, BDO’s role in creating high-quality, elastic fabrics becomes more important. This demand is further amplified by the increasing trend of eco-friendly textiles, which require high-performance materials that also adhere to sustainability standards.
Another key factor driving the market is the chemical sector's need for BDO as a building block for producing various products, such as biodegradable plastics and solvents. These sectors require consistent quality and volume, pushing suppliers to expand their production capacities and improve their operational efficiency. The rise of green chemistry trends, emphasizing environmental sustainability, has also led to the demand for more bio-based BDO, which has contributed to the market’s growth.
South Korea’s Butenediol market is evolving with a keen focus on innovation and sustainability. As industries demand more versatile and environmentally-friendly alternatives, the market is poised to witness a surge in the adoption of bio-based BDO technologies. This shift aligns with the global trend toward sustainable and circular economy practices, which will continue to shape the future of South Korea’s BDO sector.
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Ashland
Jiayan Chemical
Dezhou Tianyu Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Butenediol Market
1,3-Butanediol
1,4-Butanediol
2-Butanediol
Solvents
Plastics
Pharmaceuticals
Cosmetics and Personal Care
Food and Beverages
Automotive
Textiles
Construction
Agricultural Chemicals
Electronics
Chemical Synthesis
Biotechnological Process
Photocatalytic Method
Liquid Butenediol
Solid Butenediol
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Butenediol Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Butenediol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Butenediol Market, By Type
6. South Korea Butenediol Market, By Application
7. South Korea Butenediol Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Butenediol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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