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2,3-Butanediol Market Expected to Reach USD 247.19 Mn by 2030, Driven by Growth in Asia Pacific

07-03-2024 12:43 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

2,3-๐๐ฎ๐ญ๐š๐ง๐ž๐๐ข๐จ๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ

2,3-๐๐ฎ๐ญ๐š๐ง๐ž๐๐ข๐จ๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž 2,3-๐๐ฎ๐ญ๐š๐ง๐ž๐๐ข๐จ๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

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 (CHโ‚ƒCHOH) โ‚‚, is a significant chemical with diverse applications across various industries.

๐ƒ๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐’๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐ž ๐จ๐Ÿ 2,3-๐๐ฎ๐ญ๐š๐ง๐ž๐๐ข๐จ๐ฅ

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
.
๐†๐ž๐ญ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐„๐ช๐ฎ๐ข๐ฉ๐ฉ๐ž๐ ๐ฐ๐ข๐ญ๐ก ๐ˆ๐ง๐ญ๐ž๐ซ๐š๐œ๐ญ๐ข๐ฏ๐ž ๐†๐ซ๐š๐ฉ๐ก๐ฌ: https://www.maximizemarketresearch.com/request-sample/65350/

๐ˆ๐ฆ๐ฉ๐š๐œ๐ญ ๐จ๐Ÿ ๐‚๐Ž๐•๐ˆ๐ƒ-19 ๐จ๐ง ๐ญ๐ก๐ž 2,3-๐๐ฎ๐ญ๐š๐ง๐ž๐๐ข๐จ๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ

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.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐œ๐จ๐ฉ๐ž ๐š๐ง๐ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Œ๐ž๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ

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.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐‘๐ž๐ฌ๐ญ๐ซ๐š๐ข๐ง๐ญ๐ฌ

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.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐ƒ๐จ๐ฆ๐ข๐ง๐š๐ง๐œ๐ž ๐š๐ง๐ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐€๐ฌ๐ข๐š ๐๐š๐œ๐ข๐Ÿ๐ข๐œ

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.

๐†๐ž๐ญ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐ˆ๐ง๐œ๐ฅ๐ฎ๐๐ข๐ง๐  ๐‚๐ก๐š๐ซ๐ญ๐ฌ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/65350/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐จ๐ฌ๐ฉ๐ž๐œ๐ญ๐ฌ

๐๐ฒ ๐“๐ฒ๐ฉ๐ž,
Content 90%-95%
Content๏ผž95%
Others

๐๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง,
Intermediate Chemical
Food-Additives
Cosmetics
Plastics
Other

๐€๐ฆ๐จ๐ง๐  ๐ข๐ญ๐ฌ ๐ฏ๐š๐ซ๐ข๐จ๐ฎ๐ฌ ๐š๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ, 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.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž ๐š๐ง๐ ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐œ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

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

๐‚๐จ๐ง๐œ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง

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.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐…๐ฎ๐ซ๐ญ๐ก๐ž๐ซ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/market-report/global-23-butanediol-market/65350/

๐“๐š๐›๐ฅ๐ž ๐จ๐Ÿ ๐‚๐จ๐ง๐ญ๐ž๐ง๐ญ๐ฌ:

1. ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ: A brief summary of the 2,3-Butanediol Market.
2. ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐œ๐จ๐ฉ๐ž: The boundaries and focus of the 2,3-Butanediol Market report.
3. ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž: A comprehensive view of the 2,3-Butanediol Market environment.
4. ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ณ๐ž: Analysis of the current size of the 2,3-Butanediol Market.
5. ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐›๐ฒ ๐“๐ฒ๐ฉ๐ž: Breakdown of the 2,3-Butanediol Market by different types.
6. ๐…๐ข๐ฏ๐ž ๐…๐จ๐ซ๐œ๐ž๐ฌ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: Evaluation of competitive pressures in the market.
7. ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ž๐ซ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: Insights into the customer demographics and behavior.
8. ๐†๐ž๐จ๐ ๐ซ๐š๐ฉ๐ก๐ข๐œ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: Examination of the market across different regions.
9. ๐ƒ๐ž๐œ๐ข๐ฌ๐ข๐จ๐ง ๐…๐ซ๐š๐ฆ๐ž๐ฐ๐จ๐ซ๐ค: Tools and criteria for decision-making in the market.
10. ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐‚๐ก๐š๐ฅ๐ฅ๐ž๐ง๐ ๐ž๐ฌ: Key factors driving growth and the challenges faced.
11. ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ: Current trends shaping the 2,3-Butanediol Market.
12. ๐•๐ž๐ง๐๐จ๐ซ ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž: Overview of the key vendors in the 2,3-Butanediol Market.
13. ๐•๐ž๐ง๐๐จ๐ซ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: Detailed analysis of major vendors.

๐Š๐ž๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž:

โ€ข What are 2,3-Butanediol Derivatives?
โ€ข What is the current growth rate of the 2,3-Butanediol Market?
โ€ข Who are the key players in the 2,3-Butanediol Market?
โ€ข What are the factors affecting growth in the 2,3-Butanediol Market?
โ€ข Who held the largest market share in the 2,3-Butanediol Market?
โ€ข What is the demand pattern for the 2,3-Butanediol Market?
โ€ข What are the key trends in 2,3-Butanediol Market?
โ€ข What are the strategies used by competitors in the 2,3-Butanediol Market?
โ€ข What are the growth prospects in developing countries for the 2,3-Butanediol Market?
โ€ข Which segment is expected to witness the fastest growth and why in the 2,3-Butanediol Market?

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

โ€ข Past Market Size and Competitive Landscape (2019 to 2022)
โ€ข Past Pricing and price curve by region (2019 to 2023)
โ€ข Market Size, Share, Size & Forecast by Different Segment | 2023-2030
โ€ข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โ€ข Market Segmentation - A detailed analysis by product, end-user, distribution channel, and region
โ€ข 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
โ€ข PESTLE Analysis
โ€ข PORTER's analysis
โ€ข Value chain and supply chain analysis
โ€ข Legal Aspects of business by region
โ€ข Lucrative business opportunities with SWOT analysis
โ€ข Recommendations

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐‡๐ž๐ซ๐ž:

1. Rapid Application Development Market https://www.maximizemarketresearch.com/market-report/global-rapid-application-development-market/28403/

2. Internet Transit Market https://www.maximizemarketresearch.com/market-report/global-internet-transit-market/101175/

3. Social Robots Market https://www.maximizemarketresearch.com/market-report/global-social-robots-market/78802/

4. Ice Maker Market https://www.maximizemarketresearch.com/market-report/global-ice-maker-market/87061/

5. Neon Gas Market https://www.maximizemarketresearch.com/market-report/neon-gas-market/146699/

6. Concrete Admixtures Market https://www.maximizemarketresearch.com/market-report/global-concrete-admixtures-market/81322/

7. Telehandler Market https://www.maximizemarketresearch.com/market-report/global-telehandler-market/65220/

8. Human Microbiome Market https://www.maximizemarketresearch.com/market-report/global-human-microbiome-market/33879/

9. Dialysis Market https://www.maximizemarketresearch.com/market-report/global-dialysis-market/80725/

10. Smart Card Market https://www.maximizemarketresearch.com/market-report/smart-card-market/1688/

๐Ž๐ฎ๐ซ ๐€๐๐๐ซ๐ž๐ฌ๐ฌ:

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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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09-03-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Open-Source Intelligence Market Projected to Reach USD 23,887 Million by 2030
Open-Source Intelligence Market size was valued at USD 6425.89 Million in 2023 and the total Open-Source Intelligence revenue is expected to grow at a CAGR of 20.63 % from 2024 to 2030, reaching nearly USD 23887.37 Million by 2030. Open-Source Intelligence Market Overview: The Open-Source Intelligence (OSINT) market is a rapidly expanding sector within the broader security and intelligence landscape. It involves the systematic collection, analysis, and interpretation of publicly available informationโ€ฆ

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02-26-2025 | Food & Beverage
Market Intellix LLP
Sorbitol Market Forecast, Sorbitol Market Analysis, Sorbitol Market Growth, Sorb โ€ฆ
The Sorbitol Market has been fragmented based on the productivity of several companies; therefore, each segment and its sub-segments are analyzed in the research report. Furthermore, the report offers 360 views on historical and upcoming growth based on volume, value, production, and consumption. Moreover, it classifies depend on sub-segments, key segments as per the significant regions and offers an in-depth analysis on the competitive edge of the market. This reportโ€ฆ
07-08-2024 | Business, Economy, Finances, B โ€ฆ
DATA BRIDG MARKET RESEARCH
Esterquats Market, Esterquats Market Size, Esterquats Market Share, Esterquats M โ€ฆ
The "Esterquats Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion. This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political,โ€ฆ
03-13-2024 | Health & Medicine
Market Research Future (MRFR)
Syringe and Needle Market Size, Market Share, Market Trends, Market Analysis, Ma โ€ฆ
Market Overview: The global syringe and needle market is a critical component of the healthcare industry, serving as indispensable tools for administering medications, vaccines, and drawing blood samples. This market is characterized by a diverse range of products catering to various medical needs, including disposable syringes, safety syringes, insulin syringes, hypodermic needles, and more. This article provides an in-depth analysis of the syringe and needle market, focusing on its market overview,โ€ฆ
09-28-2021 | Advertising, Media Consulting, โ€ฆ
Ken Research Pvt Ltd
India Tractor Market, Tractor Industry, Market Revenue, Market Growth Analysis, โ€ฆ
How Is India Tractor Market Positioned? In India two-third population is engaged in Agriculture. Tractors form an essential part of this sector. They bring the required efficiency and productivity country needs in its agricultural activity to compete on the international level. The Indian tractor Industry has made preponderant improvement in production capacity and in terms of production volumes. The industry has been successful in indigenization of the technology. The volume growthโ€ฆ
08-31-2021 | Advertising, Media Consulting, โ€ฆ
Ken Research Pvt Ltd
Global Optical Interconnects Market, Market Size, Market Shares, Market Growth A โ€ฆ
In integrated circuits, optical interconnects majorly refers to a system of transmitting signals from one fragment of an integrated circuit to another part which is using light. Optical interconnects have been in high demand due to the high latency and power consumption incurred by conventional metal interconnects in conveying electrical signals over long distances, such as in interconnects classed as global interconnects. The International Technology Roadmap for Semiconductors (ITRS) has emphasizedโ€ฆ
08-28-2021 | Advertising, Media Consulting, โ€ฆ
Ken Research Pvt Ltd
Global Cash Registers Market, Market Growth Analysis, Market Revenue, Market Out โ€ฆ
Aย cash register orย automatic money handling systemย is a motorized or electric device for registration and calculating dealings at a point of sale. It is typically devoted to aย drawer for storageย cash and additional valuables. A modern cash register is generally attached to a printer which can print outย incomes for record-keeping determinations. The electronics cash register delivers numerous features likes mall price and informal admittance. The rising acceptance of electronic cash register byโ€ฆ