2,3-Butanediol Market was valued US$ 192.28 Mn in 2022 and is expected to reach 239.55 Mn by 2029, at a CAGR of 3.19% during a forecast period.
2,3-Butanediol Market Overview
The 2,3-Butanediol Market Research Report provides a comprehensive overview of the market, including its current state, definitions, classifications, applications, industry chain structure, and key players. The report also includes unbiased professional commentary on the present market scenario, market performance, production and consumption rates, demand and supply ratios, and income generation over the forecast period. In addition, the report provides information on the leading businesses functioning in the 2,3-Butanediol industry, their strategic ambitions, and company growth strategies.The report also evaluates mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches in the 2,3-Butanediol market.
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2,3-Butanediol Market Scope
Maximize Market Research’s 2,3-Butanediol Market Report provides a comprehensive analysis of the market, using a dynamic research methodology. The report covers major growth drivers, market dynamics, challenges, and scope, as well as PESTLE, Porter, and SWOT analyses. It also includes information on the latest developments and technologies in the global 2,3-Butanediol market.
The report provides detailed information on the global 2,3-Butanediol market, including market shares, supply chain analysis, and key success factors. It also includes the opinions of industry experts from top leading organizations in the global 2,3-Butanediol market.
The report covers the following historical years (2017-2021), base year (2022) and forecast period (2023-2029).
2,3-Butanediol Market Segmentation
Due to the chemical industry’s rapid expansion, the chemical intermediate segment has been identified as the application area with the quickest growth rate for the year 2022, and this trend is anticipated to continue for the following seven years. The usage of biobased chemicals will be encouraged by government initiatives and pressure on the manufacturing sector in the upcoming years.
Due to the rising demand for several of its derivatives, 2,3-BDL production is expanding at a pace of 4% annually. Its synthesis is now carried out only using a chemical approach. It can be employed as a precursor in the production of a variety of chemical compounds, such as the solvents gamma-butyrolactone (GBL), 1,3-butadiene, and methyl ethyl ketone (MEK). Commercially, the primary downstream products of 23BD might sell for as much as $xx billion on a potential global market of about 32 million tons per year.
The company that produces renewable chemical building blocks from high-value raw materials studied and identified the ideal conditions for the fermentation of carbohydrates to 2,3-butanediol (BDO), a renewable chemical component. The manufacture of 2,3-BDO utilizing first-generation sugars from food crops using conventional processing methods has shown promising results that are promisingly similar to those of second-generation sugars from poplar.
2,3-Butanediol Market Size and Forecast, by Type (2022-2029)
1. Content 90%-95%
2. Content＞95%
3. Others
2,3-Butanediol Market Size and Forecast, by Application (2022-2029)
1. Intermediate Chemical
2. Food-Additives
3. Cosmetics
4. Plastics
5. Other
2,3-Butanediol Market Size and Forecast, by Region (2022-2029)
3. North America
3. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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2,3-Butanediol Market Key Players
1. Mitsubishi Chemical Corporation
2. Nanya Plastics Corporation
3. Global Bio-Chem Technology Group
4. Tokyo Chemical Industry Co., Ltd. (TCI)
5. Henan Kaixiang Fine Chemical
6. Orochem Technologies Inc
7. Changcheng Energy
8. Shanxi Sanwei Group
9. MarkorChem
10. Xinjiang Tianye
11. Shanxi BidiOu
12. Sichuan Tianhua
13. Biosyncaucho S.L
14. Dairen Chemical
15. Intrexon
16. LanzaTech
17. Merck KGaA
18. BASF
19. Ashland
20. INVISTA
21. HNEC
22. TunHe
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Regional Analysis
The report provides the statistical market growth data for every influencing economy in the global 2,3-Butanediol market. The various countries like North America, Asia-Pacific, Europe, Latin America, and MEA are considered while preparing report. All the emerging trends with population growth along with government strategies and regulations are covered in the report. The final conclusion part of regional insights consists, of all economies’ in the market influencing data in the form of historical as well as forecasted period.
Key Questions answered in the 2,3-Butanediol Market Report are:
- What is the forecast period of the 2,3-Butanediol Market?
- What is the competitive scenario of the 2,3-Butanediol market?
- Which region held the largest market share in the 2,3-Butanediol Market?
- What are the opportunities for the 2,3-Butanediol Market?
- What are the restraining factors in the 2,3-Butanediol market?
- Who are the key players of the 2,3-Butanediol market?
Key offerings:
- Past Market Size and Competitive Landscape (2017 to 2022)
- Past Pricing and price curve by region (2017 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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