1,4 Butanediol Derivatives Market Attains $7.23 Billion in 2022, Forecasts Indicate 4.1% CAGR Envisioned for 2024-2031
The 1,4 Butanediol Derivatives Market witnessed substantial growth in 2022, with a valuation of 7,228.48 million USD, and is projected to maintain a robust Compound Annual Growth Rate (CAGR) of 4.1% over the forecast period. This surge is primarily attributed to the escalating demand for polybutylene terephthalate (PBT) and thermoplastic polyurethanes (TPUs) in various industries, notably automotive, healthcare, electronics, and textiles.
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