Bio-based 1,4-Butanediol Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 12% from 2024 to 2030.
The global bio-based 1,4-butanediol (BDO) market demonstrated notable growth in 2022, with a market size valued at approximately USD 1.5 billion. The compound, derived from renewable resources, is experiencing increasing demand due to its applications in various industries such as plastics, textiles, and automotive. The market witnessed a compound annual growth rate (CAGR) of around 8.5% in 2022, reflecting its expanding adoption driven by the rising emphasis on sustainable and environmentally friendly products. This growth trend is anticipated to continue as industries seek to reduce their carbon footprint and adhere to stricter environmental regulations.
Opportunities within the bio-based 1,4-butanediol market are growing, with substantial potential for expansion in emerging markets. These regions are seeing enhanced interest due to supportive government policies and investments in green technology. Furthermore, advancements in production technologies are expected to lower costs and increase accessibility, thereby opening new avenues for market penetration. As innovation in bio-based chemical production progresses and consumer awareness of sustainability increases, the market is poised for continued development, offering promising prospects for stakeholders across the value chain.
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LCY Chemical
Genomatica
Global Bio-Chem
Novamont SpA
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 Global Bio-based 1,4-Butanediol Market
Athletic Apparel
Running Shoes
Electronics
Automotive
PBT
TPU
Others
Based on Types the Market is categorized into Below types that held the largest Bio-based 1,4-Butanediol market share In 2023.
Direct Fermentation
Biosuccinic acid
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Bio-based 1,4-Butanediol 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. Global Bio-based 1,4-Butanediol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bio-based 1,4-Butanediol Market, By Type
6. Global Bio-based 1,4-Butanediol Market, By Application
7. Global Bio-based 1,4-Butanediol Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Bio-based 1,4-Butanediol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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