The Global Butanediol (BDO) Market was valued at USD 7.5 Billion in 2023 and is projected to reach USD 10.9 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period (2024–2030). This expansion is fueled by rising demand from the polyurethane (PU) and polybutylene terephthalate (PBT) industries, alongside the accelerating shift towards bio-based BDO solutions driven by global sustainability goals.

As the chemical industry pivots toward circular economy models and greener feedstocks, the focus intensifies on the key producers who are scaling production, driving innovation, and developing sustainable chemical pathways. In this blog, we profile the Top 10 Companies in the Butanediol Industry—a group of global chemical giants and specialized producers shaping the future of this essential intermediate.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: 1,4-Butanediol (BDO), Tetrahydrofuran (THF), PolyTHF®

BASF is a leading global producer of Butanediol, operating integrated production sites in Asia, Europe, and North America. The company’s Verbund structure allows for efficient production of BDO and its derivatives, serving a wide range of industries from automotive to textiles.

Sustainability Initiatives:

• Commitment to carbon-neutral growth by 2030

• Development of bio-based BDO pathways

• Investment in circular economy projects for chemical intermediates

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9️⃣ 2. Dairen Chemical Corporation (DCC)

Headquarters: Taipei, Taiwan
Key Offering: 1,4-Butanediol, Gamma-Butyrolactone (GBL), N-Methyl-2-pyrrolidone (NMP)

Dairen Chemical is one of the world’s largest BDO producers, with significant manufacturing capacity in Taiwan and China. The company has a strong technological foundation and a diversified portfolio of BDO derivatives for various high-value applications.

Innovation Focus:

• Process optimization for cost-effective BDO production

• Expansion of derivative product lines

• Strategic partnerships across the value chain

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8️⃣ 3. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: Butanediol, Propylene Oxide, and derivatives

LyondellBasell is a major player in the global chemical industry with significant BDO production capacity. The company’s strong position in propylene oxide feedstock gives it a competitive advantage in BDO manufacturing through butane-based processes.

Market Strategy:

• Integration with upstream propylene oxide production

• Focus on operational excellence and cost leadership

• Global supply chain optimization

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7️⃣ 4. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: 1,4-BDO, Polytetramethylene Ether Glycol (PTMG), Engineering Plastics

Mitsubishi Chemical has a strong presence in the BDO market, particularly through its advanced derivatives business. The company produces high-purity BDO for specialty applications including spandex fibers and engineering plastics.

Technology Leadership:

• Proprietary catalyst technologies for BDO production

• Strong R&D focus on high-value derivatives

• Quality leadership in specialty chemical segments

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6️⃣ 5. Sinopec Yizheng Chemical Fibre Company Limited

Headquarters: Yizheng, Jiangsu, China
Key Offering: BDO, PBT, PTMG, and chemical fibers

As part of the Sinopec group, Yizheng Chemical Fibre is a major BDO producer in China with significant domestic market share. The company leverages its integrated production from raw materials to specialty chemicals and fibers.

Growth Initiatives:

• Capacity expansion to meet domestic demand growth

• Vertical integration strategy

• Cost optimization through scale advantages

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5️⃣ 6. INVISTA

Headquarters: Wichita, Kansas, USA
Key Offering: Terathane® PTMG, BDO for internal consumption

INVISTA is a leading producer of PTMG (used in spandex fibers) and operates significant BDO production capacity primarily for captive use. The company’s backward integration ensures reliable supply for its specialty chemical and textile businesses.

Operational Excellence:

• World-scale, integrated manufacturing facilities

• Proprietary technology for BDO and derivatives

• Focus on quality and consistency for downstream products

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4️⃣ 7. Nan Ya Plastics Corporation

Headquarters: Taipei, Taiwan
Key Offering: BDO, GBL, NMP, and plastic products

As part of the Formosa Plastics Group, Nan Ya Plastics has substantial BDO production capacity and a diversified derivative portfolio. The company benefits from group-wide integration and strong market positions across Asia.

Strategic Advantages:

• Integration with Formosa Plastics Group’s petrochemical complex

• Strong distribution network across Asia-Pacific

• Diversified product portfolio reducing market volatility impact

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3️⃣ 8. Shanxi Sanwei Group Co., Ltd.

Headquarters: Hongtong County, Shanxi, China
Key Offering: BDO, Polyvinyl Butyral (PVB), and chemical products

Shanxi Sanwei Group is a significant BDO producer in China with a focus on the domestic market. The company has been expanding its BDO capacity to capitalize on growing demand from various end-use industries.

Market Position:

• Strong presence in the Chinese domestic market

• Continuous capacity expansion projects

• Focus on cost-competitive production

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2️⃣ 9. Ashland Global Holdings Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Specialty BDO derivatives, 1,4-Butanediol for specific applications

Ashland focuses on high-value specialty chemicals derived from BDO, serving pharmaceutical, personal care, and industrial markets. The company emphasizes application development and technical support for its customers.

Specialization Strategy:

• Focus on high-margin specialty applications

• Strong technical service and application development

• Quality and consistency for regulated industries

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1️⃣ 10. BASF-YPC Company Limited

Headquarters: Nanjing, China
Key Offering: BDO, THF, PTMG, and other petrochemicals

This joint venture between BASF and Sinopec combines German chemical expertise with Chinese market access. The company operates world-scale production facilities in Nanjing and serves both domestic Chinese and export markets.

Joint Venture Advantages:

• Combination of BASF technology with local market expertise

• Strategic location in major chemical production hub

• Access to growing Asian markets

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🌍 Outlook: The Future of Butanediol Is Sustainable and Innovative

The butanediol market is undergoing a significant transformation. While traditional petroleum-based production methods still dominate, the industry is increasingly investing in bio-based alternatives, process innovations, and circular economy principles.

📈 Key Trends Shaping the Market:

• Rapid adoption of bio-BDO technologies using sugar, biomass, and waste feedstocks

• Growing demand from renewable plastics and biodegradable polymers

• Capacity expansions in Asia, particularly China, driving global supply growth

• Increasing regulatory pressure for sustainable chemical production

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The companies profiled above are not only supplying essential chemical building blocks—they’re driving the sustainable transformation of the global chemical industry.