Press release
2,3-Butanediol Market to Reach USD 247.19 Million by 2030, Growing at a CAGR of 3.19%
2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ ๐๐๐ซ๐ค๐๐ญ
The 2,3-Butanediol market is experiencing notable growth driven by its increasing demand across various industrial applications. This organic compound is utilized extensively in the production of pharmaceuticals, cosmetics, and industrial chemicals. In the pharmaceutical industry, 2,3-butanediol serves as a precursor for various active pharmaceutical ingredients (APIs), contributing to the development of new drugs and medical formulations. Additionally, its role in cosmetics is significant due to its properties as a humectant and skin conditioning agent, enhancing the formulation of skincare and personal care products. The compound's versatility and effectiveness in these applications are driving its demand, fostering market growth.
Moreover, the industrial sector benefits from 2,3-butanediol's use in the production of polymers and resins, where it enhances product performance and durability. The growing emphasis on sustainable and bio-based chemicals is also contributing to the market's expansion, as 2,3-butanediol can be derived from renewable resources through fermentation processes. This aligns with the global trend towards reducing reliance on petrochemicals and minimizing environmental impact. As industries continue to innovate and develop new applications for 2,3-butanediol, the market is poised for sustained growth, supported by advancements in production technologies and increasing investment in research and development.
2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ ๐๐๐๐ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ข๐จ๐ง:
At a compound annual growth rate (CAGR) of 3.19%, the 2,3-butanediol market, which was valued at US$ 198.41 million in 2023, is projected to reach 247.19 million by 2030.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฒ ๐๐ฅ๐ข๐๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐: https://www.maximizemarketresearch.com/request-sample/65350/
2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐ฒ๐ฉ๐
Content 90%-95%
Content๏ผ95%
Others
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Intermediate Chemical
Food-Additives
Cosmetics
Plastics
Other
Because of the enormous expansion in the chemical sector, the chemical intermediate segment has been identified as the fastest-growing segment among the other applications in 2023. This development is predicted to continue over the next seven years. The use of biobased chemicals in production will be encouraged by government initiatives and industry pressure in the upcoming years.
2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The 2,3-Butanediol market is experiencing notable growth, driven by its diverse applications across various industries such as pharmaceuticals, cosmetics, and chemical manufacturing. 2,3-Butanediol, a diol compound, is used as a key intermediate in the production of various chemicals, polymers, and bio-based products. Its role as a solvent and its utility in the synthesis of butadiene, a crucial component in the production of synthetic rubber, further contribute to its demand. Additionally, the growing trend towards bio-based and sustainable chemicals is propelling the market, as 2,3-Butanediol can be derived from renewable resources.
Advances in biotechnology and fermentation processes are enhancing production efficiency and cost-effectiveness, making 2,3-Butanediol increasingly attractive to manufacturers. As industries continue to seek environmentally friendly and versatile chemical solutions, the 2,3-Butanediol market is poised for continued expansion, supported by ongoing research and development efforts.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฒ ๐๐ฅ๐ข๐๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐: https://www.maximizemarketresearch.com/request-sample/65350/
2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐๐๐ฆ๐๐ง๐ ๐ข๐ง ๐ฐ๐ก๐ข๐๐ก ๐ซ๐๐ ๐ข๐จ๐ง๐ฌ??
The 2,3-Butanediol market is experiencing significant growth in Asia-Pacific, particularly in countries like China, Japan, and South Korea. This region's expansion is driven by a strong industrial base, increasing investments in chemical and pharmaceutical manufacturing, and a rising focus on sustainable and bio-based chemicals. China, being a major hub for chemical production, is witnessing substantial demand for 2,3-Butanediol, utilized as a key intermediate in various industrial processes. The region's advancements in biotechnology and fermentation technologies are enhancing production efficiencies and reducing costs, making 2,3-Butanediol more accessible and attractive for diverse applications. Moreover, the growing automotive and polymer industries in Asia-Pacific, which utilize 2,3-Butanediol in the production of synthetic rubber and other materials, further fuel market growth.
In North America, the 2,3-Butanediol market is also seeing robust growth driven by its extensive use in pharmaceuticals, cosmetics, and industrial applications. The well-established chemical industry in the United States and Canada is a significant contributor to market expansion, with increasing research and development activities focusing on bio-based and sustainable chemical solutions. The demand for 2,3-Butanediol in North America is bolstered by the region's regulatory support for environmentally friendly chemicals and the shift towards green chemistry practices. Additionally, the presence of major market players and continuous innovation in production technologies contribute to the region's market growth, positioning North America as a key player in the global 2,3-Butanediol market.
2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐ ๐๐ง๐ ๐๐๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:
The scope of the 2,3-Butanediol market encompasses an in-depth analysis of its various applications across different industries, including pharmaceuticals, cosmetics, chemicals, and polymers. This market study aims to provide comprehensive insights into market size, growth drivers, challenges, opportunities, and competitive landscape. The methodology involves a combination of primary and secondary research. Primary research includes interviews with industry experts, manufacturers, and key stakeholders to gather firsthand information and validate data. Secondary research involves a thorough review of industry reports, company profiles, academic journals, and other relevant publications to ensure a well-rounded understanding of market trends and dynamics. Market forecasting is conducted using advanced statistical tools and models to provide accurate projections. This holistic approach ensures reliable and actionable insights for stakeholders looking to understand and navigate the 2,3-Butanediol market.
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/65350/
2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
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
๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง, ๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐: https://www.maximizemarketresearch.com/market-report/global-23-butanediol-market/65350/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ 2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
โข
What is 2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅMarket ?
โข What is the growth rate of the 2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅMarket?
โข Which are the factors expected to drive the 2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ market growth?
โข What are the different segments of the 2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ Market?
โข What growth strategies are the players considering to increase their presence in 2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ?
โข What are the upcoming industry applications and trends for the 2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ Market?
โข What are the recent industry trends that can be implemented to generate additional revenue streams for the 2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ Market?
โข What major challenges could the 2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ Market face in the future?
โข What segments are covered in the 2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ Market?
โข Who are the leading companies and what are their portfolios in 2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ Market?
โข What segments are covered in the 2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ Market?
โข Who are the key players in the 2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ market?
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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