Chemical Industry Insights By Kunal

1,4-Butanediol (BDO) market demonstrates robust growth potential, with valuations reaching USD 402 million in 2024 and projected to expand at a CAGR of 8.4% through 2032, ultimately achieving USD 766 million. This upward trajectory stems from widening industrial applications across polyurethane manufacturing, automotive components, and electronic materials - particularly in high-growth Asian markets where infrastructure development accelerates chemical demand. 1,4-Butanediol serves as a critical chemical intermediate, primarily produced through four industrial processes: Reppe (acetylene-based), Davy (maleic anhydride), butadiene, and propylene oxide routes. Its derivatives - including Tetrahydrofuran (THF) for spandex fibers and Polybutylene Terephthalate (PBT) for engineering plastics - are experiencing surging demand across multiple sectors. Environmental considerations are pushing manufacturers toward bio-based production methods, though traditional petrochemical routes still domin...