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Gamma Butyrolactone Market Size, Share, Trends and Outlook 2023-2030.

Gamma Butyrolactone Market-DataM Intelligence 4Market Research

Gamma Butyrolactone Market-DataM Intelligence 4Market Research

Gamma Butyrolactone Market Overview:

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Gamma Butyrolactone (GBL) is a chemical molecule that belongs to the lactone class of organic compounds. It is a clear, colorless liquid that is soluble in water and is a cyclic ester of gamma-butyrolactone. GBL has a strong, distinct odor and a somewhat sweet flavor. It is an organic chemical molecule, a lactone with the formula C4H6O2. It has an atomic weight of 86.09 g/mol. GBL is a chemical intermediate that is used to make other compounds. GBL is a regulated chemical that is also used as a recreational drug, and its possession and sale are illegal in many countries.

Market Drivers: An increase in demand for GBL in the pharmaceutical industry drives the market growth

The increased demand for gamma butyrolactone (GBL) in the pharmaceutical industry is driving the market growth. GBL is a precursor in producing certain drugs, such as GHB (gamma-hydroxybutyric acid), used to treat conditions such as narcolepsy, alcoholism and insomnia. As the demand for these treatments increases, the demand for GBL increases and is used in producing other drugs and medicines as raw materials. As the demand for these drugs and medicines rises, the demand for GBL also increases.

The increasing research in medicine and the increasing number of patents filed for drugs using GBL as an intermediate material will drive market growth. It can be used in the production of drugs for veterinary use. As the demand for veterinary medicines increases, the product market also increases. Furthermore, the rising use of gamma butyrolactone in pharmaceuticals propels the global market growth.

Market Segmentation: Global gamma butyrolactone market booms with 99.9% purity standards

Minimum purity of 99.9% dominates the global market. This high-purity GBL is used as a cleaning agent in the electronics industry, where a high purity level is required to remove impurities from electronic components. This high-purity segment also produces other drugs and medicines as raw materials. It is also used in industries such as electronics, where high-purity GBL is required as a cleaning agent.

Market Companies:

BASF, Sigma Aldrich, Realsun Chemical, Changxin Chemical, Mitsubishi Chemical, Ashland, Lyondell Basell, Puyang Guangming Chemicals, Lutianhua Group and Boai NKY.

By Grade

• Electric Capacitance Class (9 Wt.%)
• Common Class (8Wt.%)

By Purity

• Min. 99.9%
• Min. 99.7%

By Application

• Pharmaceutical
• Electrical & Electronics
• Agrochemical
• Industrial Chemicals
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Geographical Share: The presence of a large number of manufacturers in the area strengthens the Asia-Pacific market.

Many Asia-Pacific industries manufacture gamma butyrolactone, resulting in a surplus of chemicals on the market. Many end-use industries, such as paints & coatings, medicines, and agrochemical goods, employ gamma butyrolactone as a major constituent.

Related Reports:

1,4 Butanediol (BDO) Market- https://www.datamintelligence.com/research-report/1-4-butanediol-market

n-Butanol Market- https://www.datamintelligence.com/research-report/n-butanol-market

Dimethylacetamide Market- https://www.datamintelligence.com/research-report/dimethylacetamide-market

Bio-based Polytrimethylene Terephthalate (PTT)- https://www.datamintelligence.com/research-report/bio-based-polytrimethylene-terephthalate-market

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