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1,4 Butylene Glycol (1,4BG) Market Size is growing at CAGR of 10%, and this report covers analysis by Type, Application, Growth, and Forecast 2024 - 2031

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The "1,4 Butylene Glycol (1,4BG) Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The 1,4 Butylene Glycol (1,4BG) market is expected to grow annually by 10% (CAGR 2024 - 2031).

This entire report is of 156 pages.

1,4 Butylene Glycol (1,4BG) Introduction and its Market Analysis

1,4 Butylene Glycol (1,4BG) is a chemical compound used in various industries such as cosmetics and pharmaceuticals. The market for 1,4 Butylene Glycol (1,4BG) is driven by factors such as increasing demand for personal care products and pharmaceuticals globally. Companies like Basf, Ashland, Toronto Research Chemicals, SANKYO CHEMICAL, Merck, Spectrum Chemical, and Revolvy are leading players in the market. The market research report provides insights into market conditions, major factors driving revenue growth, and competitive landscape analysis. The report's main findings highlight the growing market potential for 1,4 Butylene Glycol (1,4BG) and recommend strategies for companies to capitalize on this opportunity.

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The 1,4 Butylene Glycol (1,4BG) market offers a variety of purity types ranging from % to 99.9%, as well as others. These different purities cater to various applications such as PBT (Polybutylene terephthalate) Resin Raw Material, Polyurethane Resin Raw Material, and other Polyester Raw Materials. The market is segmented based on these applications to meet the diverse needs of various industries.

Regulatory and legal factors specific to market conditions play a crucial role in the production and distribution of 1,4BG. It is important for manufacturers and suppliers to adhere to these regulations to ensure compliance and maintain market competitiveness. Overall, the 1,4 Butylene Glycol market continues to evolve to meet the changing demands of industries while navigating complex regulatory landscapes.

Top Featured Companies Dominating the Global 1,4 Butylene Glycol (1,4BG) Market

The 1,4 Butylene Glycol (1,4BG) market is highly competitive with several key players including Basf, Ashland, Toronto Research Chemicals, SANKYO CHEMICAL, Merck, Spectrum Chemical, and Revolvy. These companies operate in the market by producing and supplying 1,4BG which is primarily used as a chemical intermediate in various industries such as cosmetics, pharmaceuticals, and others.

Basf is one of the leading players in the market, known for its innovative solutions and high-quality products. Ashland is another prominent player, offering a wide range of specialty chemicals including 1,4BG. Toronto Research Chemicals specializes in providing research chemicals and biochemicals to the scientific community. SANKYO CHEMICAL is a Japanese company that produces a variety of chemicals including 1,4BG. Merck and Spectrum Chemical are also major players in the market, known for their extensive product offerings and global presence. Revolvy is a newer entrant in the market, focusing on providing sustainable and environmentally-friendly solutions.

These companies help to grow the 1,4 Butylene Glycol market by investing in research and development, expanding their product portfolio, and forming strategic partnerships with key players in different industries. They also focus on improving production processes to meet the increasing demand for 1,4BG globally.

In terms of sales revenue, Basf reported sales of € billion in 2020, Ashland reported sales of $3.17 billion in fiscal year 2020, and Merck reported sales of €17.5 billion in 2020. These figures highlight the significant market presence and growth potential of these companies in the 1,4 Butylene Glycol market.

  • Basf
  • Ashland
  • Toronto Research Chemicals
  • SANKYO CHEMICAL
  • Merck
  • Spectrum Chemical
  • Revolvy

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1,4 Butylene Glycol (1,4BG) Market Analysis, by Type:

  • Purity 99.5% Type
  • Purity 99.6% Type
  • Purity 99.7% Type
  • Purity 99.8% Type
  • Purity 99.9% Type
  • Others

1,4 Butylene Glycol (1,4BG) comes in various purities such as %, 99.6%, 99.7%, 99.8%, and 99.9%. These different types cater to varying industrial requirements, offering a wider range of options for manufacturers. Higher purity levels provide better performance and results in end products, driving up the demand for 1,4BG in industries like cosmetics, pharmaceuticals, and food processing. The versatility and efficacy of different purity levels make 1,4BG a versatile and essential ingredient, bolstering its market demand and growth. Additionally, other specialized types cater to specific industry needs, further expanding the market reach of 1,4BG.

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1,4 Butylene Glycol (1,4BG) Market Analysis, by Application:

  • PBT (Polybutylene terephthalate) Resin Raw Material
  • Polyurethane Resin Raw Material
  • Other Polyester Raw Materials

1,4 Butylene Glycol (1,4BG) is used as a raw material in the production of PBT resin, polyurethane resin, and other polyester raw materials. It acts as a glycol component in the polymerization process, contributing to the properties and performance of the final products. The fastest growing application segment in terms of revenue is polyurethane resin raw material, due to the increasing demand for polyurethane products in various industries such as construction, automotive, and furniture. Overall, the versatile and important role of 1,4 Butylene Glycol in these applications highlights its significance in the polymer industry.

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1,4 Butylene Glycol (1,4BG) Industry Growth Analysis, by Geography:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

The 1,4 Butylene Glycol (1,4BG) market is expected to experience substantial growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE, Korea).

Among these regions, Asia-Pacific is anticipated to dominate the market with a market share of around 40%, owing to the increasing demand for personal care and cosmetics products. Europe is also expected to hold a significant market share of approximately 25%, driven by the growing automotive and pharmaceutical industries in the region. North America is forecasted to account for around 20% of the market share, propelled by the rising consumption of skincare products. Latin America and Middle East & Africa are projected to have smaller market shares but are expected to witness steady growth in the forecast period.

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