부탄디올 생산능력, 생산량, 시장 규모, 평균 가격, 예측(2018-2034년)

The global Butanediol market was valued at USD 10.4 billion in 2025 and is projected to reach USD 29 billion by 2034, growing at a CAGR of 11.5% during the forecast period. This strong growth is being driven by expanding applications across the textile, automotive, construction, and electronics industries. BDO is a versatile chemical intermediate used in the production of important downstream products like tetrahydrofuran (THF), polybutylene terephthalate (PBT), and biodegradable polymers (PBAT). The increasing demand for high-performance materials, elastic fibers, and engineering plastics continues to push BDO consumption worldwide.

Butanediol demand analysis

The global BDO demand reached around 2,900 kilotons in 2025, with an average annual growth of 5% over the past five years. Market supply trends have been shaped by regional industrial growth, fluctuations in feedstock prices, and crude oil market dynamics. China dominates the global supply, accounting for 62% of total installed capacity. In 2025, the country had an installed capacity of over 2,300 kilotons, which is expected to nearly double by 2034 due to heavy investments in downstream production of PBAT, PBT, and PTMEG. The acetylene method remains the preferred production process in China, largely due to its cost efficiency amid rising prices of maleic anhydride.

A significant portion of BDO consumption is linked to the production of THF and PBT, which together account for over 70% of global demand. THF is essential in producing PTMEG, a key material for spandex fibers and adhesives, while PBT is used in automotive parts, electrical components, and electronics due to its high strength and thermal stability. Additional BDO applications include polyurethanes (PU), gamma-butyrolactone (GBL), and other specialty polymers. In particular, thermoplastic polyurethane (TPU) is seeing increased usage in footwear, construction, and industrial goods, supporting long-term demand growth.

Regional Outlook and Production Shifts

Asia-Pacific continues to lead global BDO consumption, driven by rapid industrialization, competitive production economics, and robust downstream demand. While China remains the core of both production and demand, countries like South Korea and Taiwan are also expanding capacities. In contrast, markets like North America and Europe are experiencing slower but steady growth, with some capacity rationalization observed in recent years. The Middle East and Latin America offer long-term potential as governments push for industrial diversification.

Key Industry Players and Recent Developments

Major BDO producers include BASF, Sinopec, LyondellBasell, Mitsubishi Chemical, Dairen Chemical, and Ashland, among others. Bio-based BDO production is also gaining attention, though still limited by cost and scale. Recent industry movements include the closure of Shandong Ruyi's 110 kiloton plant in the U.S., and BASF Petronas' 100 kiloton plant shutdown in Malaysia, both reflecting overcapacity in some regions. Despite these closures, new investments in Asia, especially China, are expected to reshape the global supply map.

Biodegradable Plastics to Shape Future Demand

The rapid expansion of PBAT production, especially in China, is expected to be a major growth engine for the BDO market in the coming decade. PBAT is a biodegradable plastic made from BDO and adipic acid, offering a sustainable alternative to low-density polyethylene (LDPE) in flexible packaging and single-use plastics. China alone has over 7,000 kilotons of PBAT capacity planned for development, with significant projects already announced by BASF, LG Chem, Red Avenue, SK Geo Centric, and Novamont. On average, 0.5 tons of BDO is required to produce 1 ton of PBAT, further reinforcing BDO's role in the sustainability transition.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Applications
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2024
  • Base - 2025
  • Forecast Period - 2026 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand-Supply Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance

• Building & Constructions
• Consumer Appliances
• Textile
• Automotives & Transportation
• Others

5. Plants & Projects Analysis

• Butanediol Production Capacity, by Company
• Butanediol Production Capacity, by Country and by region
• Capacity Overview, By Technology

6. Introduction to Butanediol and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

7. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

8. Global Butanediol Demand-Supply Analysis, By Applications (Volume, Value) (2018-2034)

• Strategic Issues
• Demand-Supply Analysis and Forecast (2018 - 2034)
  • Capacity
  • Capacity Utilization (%)
  • Production
  • Net Exports
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
• Global Butanediol Market, By Applications
  • Tetrahydrofuran (TFH)
  • Poly Butylene Terephthalate (PBT)
  • Gamma-butyrolactone (GBL)
  • Polyurethane
  • Others

9. Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2018- 2034)

• Strategic Issues
• Capacity
• Capacity Utilization (%)
• Production
• Net Exports
• Demand
• Demand Growth Rate (%)
• Butanediol Market, By Applications

Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand-supply (consumption) split by Applications, has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).

• North America
  • USA
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • Italy
  • United Kingdom
  • Spain
  • Rest of Western Europe
• Central & Eastern Europe
  • Russia
  • Poland
  • Rest of Central & Eastern Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Central & South America
• Middle East & Africa

Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2026 - 2034)

10. Pricing Analysis

• Average Butanediol Prices, USD/Kg
• Average Butanediol prices, by Country
• Average Butanediol prices, by Region
• Price Forecast

11. Key Strategic Issues

12. Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

13. Strategic Recommendation & Suggestions

14. Company Analysis and Market Share Analysis

• Butanediol Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarters, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Recent Developments
  • Companies Covered
  • BASF
  • Sinopec
  • LyondellBasell
  • Ashland
  • Xinjiang Markor Chemical Industry
  • Dairen Chemical Corporation
  • Mitsubishi Chemical Corporation
  • Nan Ya Plastics Corporation
  • Sipchem
  • Bioamber Inc.
  • International Specialty Products
  • INEOS
  • Shanxi BDO Chemical Co., Ltd.
  • Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

15. Appendices

• Demand-Supply - Regions
• Demand-Supply- Countries
• Capacities, 2018-2034