2,3-Butanediol Market: Growth and Opportunities

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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: 

Maximize Market Research’s new report, Global 2,3-Butanediol Market 2021-2027, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2021-2027). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide 2,3-Butanediol market.

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2,3-Butanediol Market Scope:

The research provides an analytical view of the business by studying several elements such as worldwide 2,3-Butanediol market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market’s complexities. The research provides an overview of the worldwide 2,3-Butanediol market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.

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 $ 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.

Global 2,3-Butanediol Market Analysis and Forecast, By Type
1. Introduction and Definition
2. Key Findings
3. Global 2,3-Butanediol Market Value Share Analysis, By Type
4. Global 2,3-Butanediol Market Size (US$ Bn) Forecast, By Type
5. Global 2,3-Butanediol Market Analysis, By Type
6. Global 2,3-Butanediol Market Attractiveness Analysis, By Type

Global 2,3-Butanediol Market Analysis and Forecast, By Application
1. Introduction and Definition
2. Key Findings
3. Global 2,3-Butanediol Market Value Share Analysis, By Application
4. Global 2,3-Butanediol Market Size (US$ Bn) Forecast, By Application
5. Global 2,3-Butanediol Market Analysis, By Application
6. Global 2,3-Butanediol Market Attractiveness Analysis, By Application

 

 

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2,3-Butanediol Market Key Players:

It then discusses the top competitors in the worldwide 2,3-Butanediol market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:

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 has analyzed the global 2,3-Butanediol market in the following regions:

  • America, North (the United States, Canada, and Mexico)
  • European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
  • Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
  • Latin America (Brazil, Argentina, Colombia, and Rest of South America)
  • Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)

The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide 2,3-Butanediol market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.

COVID-19 Impact Analysis on 2,3-Butanediol Market:

COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.

Key Questions Answered in the 2,3-Butanediol Market Report are: Which are the major companies in the 2,3-Butanediol market? 

  • Which is the potential market for 2,3-Butanediol in terms of the region?
  • Which application area of 2,3-Butanediol is expected to grow at a significant rate in the market in the next 5 years?
  • What are the opportunities for new market entrants?
  • What will be the 2,3-Butanediol market size by 2027?
  • What are the growth prospects for the 2,3-Butanediol market?
  • What is the base year considered in the 2,3-Butanediol market report?
  • Which region holds the largest market share in the 2,3-Butanediol market?
  • What factors are anticipated to drive the 2,3-Butanediol market?

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