Press release
2,3-Butanediol Market Expected to Reach USD 247.19 Mn by 2030, Driven by Growth in Asia Pacific
2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ ๐๐๐ซ๐ค๐๐ญ
The global 2,3-Butanediol market, valued at US$ 198.41 million in 2023, is projected to reach US$ 247.19 million by 2030, growing at a CAGR of 3.19% during the forecast period. This organic compound, represented by the chemical formula (CHโCHOH) โ, is a significant chemical with diverse applications across various industries.
๐๐๐๐ข๐ง๐ข๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐จ๐ 2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ
2,3-Butanediol is categorized as a vic-diol and exists in three stereoisomeric forms: two enantiomers and one meso form. It is widely utilized in its liquid state and is predominantly manufactured through petrochemical processes, although bacterial synthesis is also feasible
.
๐๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ช๐ฎ๐ข๐ฉ๐ฉ๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐ญ๐๐ซ๐๐๐ญ๐ข๐ฏ๐ ๐๐ซ๐๐ฉ๐ก๐ฌ: https://www.maximizemarketresearch.com/request-sample/65350/
๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐๐๐๐๐-19 ๐จ๐ง ๐ญ๐ก๐ 2,3-๐๐ฎ๐ญ๐๐ง๐๐๐ข๐จ๐ฅ ๐๐๐ซ๐ค๐๐ญ
The COVID-19 pandemic had a profound impact on the 2,3-Butanediol market, influencing the sales revenue of market leaders, followers, and disrupters. The implications of this global crisis have been thoroughly analyzed in the report, shaping the current market dynamics.
๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐ ๐๐ง๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ
The report provides a comprehensive analysis using methodologies such as PORTER, SVOR, PESTEL, and detailed market segmentation. It aims to offer stakeholders a clear understanding of market dynamics, competitive landscape, and growth prospects from 2024 to 2030.
For further insights and detailed analysis, the full report on the Global 2,3-Butanediol Market is available upon request, providing in-depth coverage of market trends, forecasts, and strategic recommendations for investors and industry leaders alike.
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ
The market growth is driven by increasing demands from the textiles sector, extensive use in hydrocarbon fuels, polymers, plastics, and synthetic rubbers. Government initiatives promoting the adoption of renewable and bio-based chemicals further augment market expansion. Additionally, technological innovations and rising awareness among consumers contribute significantly to market growth.
Despite these drivers, challenges such as the availability of high-cost substitutes and fluctuations in raw material prices restrain market progression.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐
Asia Pacific emerges as the dominant regional market for 2,3-Butanediol, expected to grow at a significant CAGR during the forecast period. Countries like China, India, and Japan are pivotal in driving this growth, with substantial investments in sectors utilizing 2,3-Butanediol for synthetic rubber production. The tire industry, in particular, is a major consumer of synthetic rubber, thereby enhancing market prospects in this region.
๐๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐๐ฅ๐ฎ๐๐ข๐ง๐ ๐๐ก๐๐ซ๐ญ๐ฌ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/65350/
๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ญ๐ฌ
๐๐ฒ ๐๐ฒ๐ฉ๐,
Content 90%-95%
Content๏ผ95%
Others
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง,
Intermediate Chemical
Food-Additives
Cosmetics
Plastics
Other
๐๐ฆ๐จ๐ง๐ ๐ข๐ญ๐ฌ ๐ฏ๐๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ, the chemical intermediate segment stands out as the fastest-growing sector. This growth is fueled by advancements in the chemical industry and governmental pressures favoring the adoption of bio-based chemicals. The versatility of 2,3-Butanediol as a precursor for products like methyl ethyl gamma-butyrolactone (GBL), and 1,3-butadiene further amplifies its market potential.
Recent developments in industrial methods, such as combining biological fermentation with chemical processes using corn starch, have led to cost-effective production of high-purity 2,3-Butanediol. These innovations are expected to bolster market demand in the foreseeable future.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐๐ง๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
Key players in the global 2,3-Butanediol market are strategically focused on expanding their product portfolios, enhancing production capacities, and exploring new market opportunities.
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
๐๐จ๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง
In conclusion, the global 2,3-Butanediol market presents robust growth opportunities driven by increasing industrial applications, technological advancements, and supportive governmental policies. As the market evolves, strategic collaborations and innovations in production processes will play pivotal roles in shaping its future trajectory.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ ๐ฎ๐ซ๐ญ๐ก๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/market-report/global-23-butanediol-market/65350/
๐๐๐๐ฅ๐ ๐จ๐ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ:
1. ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: A brief summary of the 2,3-Butanediol Market.
2. ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐จ๐ฉ๐: The boundaries and focus of the 2,3-Butanediol Market report.
3. ๐๐๐ซ๐ค๐๐ญ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐: A comprehensive view of the 2,3-Butanediol Market environment.
4. ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐: Analysis of the current size of the 2,3-Butanediol Market.
5. ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฒ ๐๐ฒ๐ฉ๐: Breakdown of the 2,3-Butanediol Market by different types.
6. ๐ ๐ข๐ฏ๐ ๐ ๐จ๐ซ๐๐๐ฌ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: Evaluation of competitive pressures in the market.
7. ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: Insights into the customer demographics and behavior.
8. ๐๐๐จ๐ ๐ซ๐๐ฉ๐ก๐ข๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: Examination of the market across different regions.
9. ๐๐๐๐ข๐ฌ๐ข๐จ๐ง ๐ ๐ซ๐๐ฆ๐๐ฐ๐จ๐ซ๐ค: Tools and criteria for decision-making in the market.
10. ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ: Key factors driving growth and the challenges faced.
11. ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ: Current trends shaping the 2,3-Butanediol Market.
12. ๐๐๐ง๐๐จ๐ซ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐: Overview of the key vendors in the 2,3-Butanediol Market.
13. ๐๐๐ง๐๐จ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: Detailed analysis of major vendors.
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
โข What are 2,3-Butanediol Derivatives?
โข What is the current growth rate of the 2,3-Butanediol Market?
โข Who are the key players in the 2,3-Butanediol Market?
โข What are the factors affecting growth in the 2,3-Butanediol Market?
โข Who held the largest market share in the 2,3-Butanediol Market?
โข What is the demand pattern for the 2,3-Butanediol Market?
โข What are the key trends in 2,3-Butanediol Market?
โข What are the strategies used by competitors in the 2,3-Butanediol Market?
โข What are the growth prospects in developing countries for the 2,3-Butanediol Market?
โข Which segment is expected to witness the fastest growth and why in the 2,3-Butanediol Market?
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
โข Past Market Size and Competitive Landscape (2019 to 2022)
โข Past Pricing and price curve by region (2019 to 2023)
โข Market Size, Share, Size & Forecast by Different Segment | 2023-2030
โข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โข Market Segmentation - A detailed analysis by product, end-user, distribution channel, and region
โข Competitive Landscape - Profiles of selected key players by region in a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
โข PESTLE Analysis
โข PORTER's analysis
โข Value chain and supply chain analysis
โข Legal Aspects of business by region
โข Lucrative business opportunities with SWOT analysis
โข Recommendations
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐๐ซ๐:
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๐๐ฎ๐ซ ๐๐๐๐ซ๐๐ฌ๐ฌ:
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๐๐๐๐ซ๐ง ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ฌ: ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
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