2,3-Butanediol Market Growth, Size, Revenue Analysis, Top Leaders and Forecast 2029


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 Report Scope and Research Methodology

The qualitative and quantitative data collected by primary research resources, free and paid databases, surveys, Google forms, etc. is further analysed by tools such as SWOT and PESTLE analysis to understand the 2,3-Butanediol market.

2,3-Butanediol Market Overview

The report insights about top players, market size, share, key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis, new product launches, technological innovations, and growth contributors which helps to analyse the 2,3-Butanediol Market

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2,3-Butanediol Market Regional Insights

A regional analysis typically includes a precise examination of market trends, competitive landscape, consumer behaviour, and regulatory environment in each region.

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 utilized as a precursor in the production of a variety of chemical compounds, such as the solvents gamma-butyrolactone and methyl ethyl ketone (MEK).

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
21. HNEC
22. TunHe

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Key questions answered in 2,3-Butanediol Market are:

  • What is the 2,3-Butanediol market size of the dominating region?
  • What was the 2,3-Butanediol market size in 2022?
  • What is the expected 2,3-Butanediol market size by 2029?
  • What is the growth rate of the 2,3-Butanediol Market?
  • Which are the factors expected to drive the 2,3-Butanediol market growth?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
  • 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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