Press release
2,3-Butanediol Market to reach USD 239.55 Mn by 2029, Key Players and Growth Opportunities
2,3-Butanediol Market
2,3-Butanediol Market Report Scope and Research Methodology
The 2,3-Butanediol is an organic compound widely used as an alternative in various fields such as chemical, food, pharmaceutical, cosmetics, and plastic industries. It is a high-value chemical usually produced petrochemically but can also be synthesized by some bacteria. 2,3-Butanediol is classified as a vic-diol and exists as three stereoisomers, a chiral pair, and the meso isomer. All are colorless liquids.
The objective of the report is to present a comprehensive analysis of the global 2,3-butanediol market, including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
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2,3-Butanediol Market Dynamics
The growing demand from textiles, high production of hydrocarbon fuels, polymers, plastic, and synthetic rubbers, and initiatives taken by the government to boost the consumption of renewable and bio-based chemicals are some of the key drivers of the global 2,3-butanediol market. Additionally, the ability of 2,3-butanediol to convert into methyl ethyl is likely to drive the demand during the forecast period. Furthermore, innovation in technologies and awareness among the growing population will drive market growth in the near future. The rise in expenditure on manufacturing infrastructure will also generate numerous opportunities for market growth.
However, the availability of a prominent substitute in raw material with high-end product cost is expected to hinder the market.
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2,3-Butanediol Market Regional Insights
Developing regions like India, China, and Japan are considered major contributors to the 2,3-butanediol market growth in the Asia Pacific region. An increase in the demand for butadiene in the production of styrene-butadiene latex, styrene-butadiene rubber, nitrile rubber, and chloroprene rubber is expected to provide significant opportunities to the manufacturers of 2,3-butanediol in the Asia Pacific during the forecast period.
2,3-Butanediol Market Segmentation
By Type:
• Content 90%-95%
• Content＞95%
• Others
By Application:
• Intermediate Chemical
• Food-Additives
• Cosmetics
• Plastics
• Other
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2,3-Butanediol Market Key Competitors include:
• Mitsubishi Chemical Corporation
• Nanya Plastics Corporation
• Global Bio-Chem Technology Group
• Tokyo Chemical Industry Co., Ltd. (TCI)
• Henan Kaixiang Fine Chemical
• Orochem Technologies Inc
• Changcheng Energy
• Shanxi Sanwei Group
• MarkorChem
• Xinjiang Tianye
• Shanxi BidiOu
• Sichuan Tianhua
• Biosyncaucho S.L
• Dairen Chemical
• Intrexon
• LanzaTech
• Merck KGaA
• BASF
• Ashland
• INVISTA
• HNEC
• TunHe
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Table of Content for 2,3-Butanediol Market
Global 2,3-Butanediol Market: Research Methodology
Global 2,3-Butanediol Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global 2,3-Butanediol Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global 2,3-Butanediol Market Segmentation
Global Market, by Type (2021-2029)
Global Market, by Application (2021-2029)
Regional 2,3-Butanediol Market (2021-2029)
Regional Market, by Type (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Types:
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 Type and Application
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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