The Latin America, Middle East and Africa 1,4-Butanediol Market would witness market growth of 9.6% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 317.7 Kilo Tonnes, showcasing a growth of 7.1% (2024-2031).
Polybutylene Terephthalate (PBT) is a key application in the 1,4-Butanediol (BDO) market, playing a crucial role in the production of high-performance thermoplastic polymers. PBT is synthesized through the polymerization of butylene glycol, which is derived from BDO, and terephthalic acid. Known for its excellent mechanical properties, dimensional stability, and resistance to chemicals and heat, PBT is widely used in automotive, electrical, and consumer goods industries. It serves as an essential material for producing components such as connectors, switches, and housings, where durability and precision are critical. Thus, the Polybutylene Terephthalate (PBT) in Brazil market registered a volume of 12.11 Kilo Tonnes in 2023.
The Brazil market dominated the LAMEA Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $248.2 million by 2031. The Argentina market is showcasing a CAGR of 10.8% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 9.3% during (2024 - 2031).
The use of BDO in these systems helps streamline workflows by reducing the need for multiple components or materials, thereby simplifying the overall design and reducing the potential for errors or contamination. This simplification also enhances user convenience, as the integrated systems are easier to use, require less maintenance, and can be more easily scaled for different applications. In the research sector, for example, this could mean faster turnaround times and more reliable results, while in biotechnology, it could facilitate the development of new assays or the scaling up of production processes.
In diagnostics, particularly in the development of portable or point-of-care testing devices, the integration of BDO-based materials can lead to more robust and user-friendly products. These advancements are crucial as the healthcare industry increasingly moves towards personalized medicine, where the ability to conduct precise, on-site testing can significantly improve patient outcomes.
Brazil is experiencing a surge in construction activities driven by urbanization, population growth, and infrastructure development initiatives. As the construction industry expands to meet the demands of residential, commercial, and public infrastructure projects, there is an increased need for high-quality materials that offer durability, resilience, and versatility. BDO and its derivatives, such as polyurethanes, coatings, adhesives, and sealants, play crucial roles in construction applications. As the automotive industry in Saudi Arabia evolves towards more sustainable and eco-friendly practices, there may be a growing preference for bio-based BDO. Bio-based BDO, derived from renewable feedstocks, aligns with the kingdom's efforts towards environmental sustainability and reducing carbon emissions. As per the data from the International Trade Administration, the automotive sector in the Middle East and North Africa region is currently experiencing a 36% growth rate, with Saudi Arabia emerging as the primary industry in the area. Therefore, the growing construction and automotive sectors in LAMEA will help in the growth of the regional 1,4-butanediol market.
Free Valuable Insights: The Worldwide 1,4-Butanediol Market is Projected to reach USD 12.7 Billion by 2031, at a CAGR of 7.5%
Based on Type, the market is segmented into Synthetic and Bio-based. Based on Technology, the market is segmented into Reppe Process, Davy Process, Butadine Process, Propylene Oxide Process, and Others. Based on Application, the market is segmented into Tetrahydrofuran, Polybutylene Terephthalate, Gamma Butyrolactone, Polyurethane, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Technology
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 