1,4 Butanediol Derivatives Market: Robust Growth Forecasted with a CAGR of 4.1%
The 1,4 butanediol derivatives market has witnessed remarkable growth, achieving a valuation of $7,228.48 million in 2022. This flourishing market is projected to continue its upward trajectory with an anticipated Compound Annual Growth Rate (CAGR) of 4.1% over the forecast period.
1,4 butanediol derivatives, including versatile materials like polybutylene terephthalate (PBT) and thermoplastic polyurethanes (TPUs), play a pivotal role in the plastics and polymer industry. These adaptable substances are utilized in a diverse range of applications, from automotive parts and electrical components to packaging materials, and more.
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