The global 1,4-butanediol market is projected to grow from USD 7.8 billion in 2024 to USD 11.1 billion by 2029, at a CAGR of 7.3% during the forecast period . 1,4-Butanediol is experiencing growth due to its versatile applications in various industries. It is a key raw material in the production of polyurethanes, plastics, and elastic fibers, which are in high demand for consumer goods and automotive products. Additionally, 1,4-butanediol is used in the manufacturing of biodegradable plastics, aligning with the growing environmental sustainability trends. Advances in bio-based production methods are also making 1,4-butanediol more accessible and cost-effective, further driving its market expansion.
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Companies such as DCC (Taiwan), BASF-SE (Germany), Xinjiang Tianye Group Co., Ltd. (China), Mitsubishi Chemical Group Corporation (Japan) and Nan Ya Plastics Corporation (Taiwan) fall under the winners’ category. These are leading players in the 1,4-butanediol industry globally. These players have adopted the strategies of partnerships, acquisitions, expansions, and investments to increase their market shares.
DCC (Taiwan)
DCC is one of the leading producers of acetyl and allyl chemicals. The company’s major products include vinyl acetate monomer, vinyl acetate-ethylene (VAE) emulsion, VAE re-dispersible powder, allyl alcohol, 1,4-butanediol, and PTMEG. DCC operates seven production sites in Asia, including three located in Taiwan, two in China, one in Malaysia, and one in Singapore. It has an annual production capacity of 700,000 MT for 1,4-butanediol. The company has a strong presence in Taiwan and a distribution network covering about 100 countries, such as Singapore, Malaysia, and Taiwan.
BASF-SE (Germany)
BASF SE is a German chemical company and one of the world’s largest chemical producers. It operates through seven business segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions, and others. The company manufactures and distributes plasticizers, monomers, glues, solvents, and raw materials for detergents, textile fibers, plastics, medicines, paints and coatings, and crop protection products under the chemical business segment.
BASF SE offers 1,4-butanediol under the chemicals business segment. The Petrochemicals division, part of the Chemicals segment, produces basic chemicals, including 1,4-butanediol.
The company has a strong global presence and operates through 390 production facilities across Europe and over 90 countries through its subsidiaries. It primarily operates in Europe and has an active presence in North America, Asia Pacific, South America, and Middle East & Africa.
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Xinjiang Tianye Group Co., Ltd. (China)
Xinjiang Tianye Group Co., Ltd. is a chemical manufacturing firm that produces polyvinyl chloride resin, caustic soda, calcium carbide, 1,4-butanediol, and ethylene glycol. Its business divisions are product-based, such as chemical products, water-saving products, cement products, kinds of food, plastic products, and packaging classes. It offers 1,4-butanediol in the chemical products business division. Along with 1,4-butanediol, it also offers ethylene glycol, PVC, sodium hypochlorite solution, hydrochloric acid, caustic soda, n-butanol, solid mercury catalyst, and light calcium carbonate in the same business division. The company has a 1,4-butanediol production capacity of 200,000 tons. It has various R&D platforms, such as the Irrigation Engineering Center, the Post-doctoral Research Station, and the National and Local Joint Engineering Research Center of Chlor-Alkali Chemical Industry. The company has a strong presence in China.
Mitsubishi Chemical Group Corporation (Japan)
Mitsubishi Chemical Holdings Corporation is a core Mitsubishi Company formed by the merger of Mitsubishi Chemical Corporation and Mitsubishi Pharma Corporation in 2005. The company now officially operates as Mitsubishi Chemical Group Corporation. Its operations are divided into five segments, namely, performance products, chemicals, industrial gases, healthcare, and others. The company offers ethylene carbonate under the chemicals business unit. Apart from chemicals, the company offers various pharmaceutical products, carbon materials, synthetic resins, and industrial gases.The company has around 625 global subsidiaries and a strong presence in Japan. It operates in North America, Europe, and Latin America, among other regions.
Nan Ya Plastics Corporation (Taiwan)
Nan Ya Plastics Corporation is one of the leading manufacturers of polyester fibers, plastic products, petrochemical products, and electronic materials. The company operates through its five business divisions, namely, plastic materials, plastic products, polyester products, electronic materials, and other departments. Its product portfolio includes 1,4-butanediol, also known as 1,4-butylene glycol.
The company has multiple domestic manufacturing facilities in Taiwan and overseas manufacturing facilities in the US, China, and Vietnam. It is also engaged in the R&D of new applications, new materials, and products. The company has a presence in North America and Asia Pacific, among others.
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