Global Gamma Butyrolactone Market Size Study, by Purity, by Application, and Regional Forecasts 2022-2032

Description

The Global Gamma Butyrolactone (GBL) Market is valued approximately at USD 3.71 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 3.10% over the forecast period 2024-2032.GBL, a versatile solvent and intermediate chemical, is widely employed in various industrial applications due to its outstanding solvency power, low toxicity, and biodegradability. It plays a pivotal role in industries ranging from agrochemicals and pharmaceuticals to electronics and petrochemicals, making it an indispensable component of numerous processes. With growing industrialization and technological advancements, the market is witnessing a surge in demand for GBL, especially in developing economies.

The pharmaceutical industry's reliance on GBL as a precursor for synthesizing essential compounds has significantly bolstered market growth. Additionally, the rising adoption of GBL in the agrochemical industry for manufacturing pesticides and herbicides is driving market dynamics. However, challenges such as stringent regulatory frameworks governing its use and environmental concerns linked to its production may hinder the market's growth trajectory. Nevertheless, opportunities abound with the increasing focus on bio-based and sustainable chemical production methods, which align with global environmental goals.

Regional dynamics in the market reveal that North America and Europe are key markets due to their advanced industrial infrastructure and robust research and development activities. The Asia-Pacific region is poised to exhibit the highest growth during the forecast period, driven by rapid industrialization, expanding manufacturing capabilities, and rising demand for agrochemicals and electronics in countries like China and India.

Major market players included in this report are:

BASF SE
Ashland Global Holdings Inc.
LyondellBasell Industries Holdings B.V.
Mitsubishi Chemical Corporation
Puyang Guangming Chemicals Co., Ltd.
Dairen Chemical Corporation
Nippon Chemical Industrial Co., Ltd.
Tokyo Chemical Industry Co., Ltd.
Sigma-Aldrich Corporation
Hangzhou Dayangchem Co., Ltd.
Nova Molecular Technologies
Hefei TNJ Chemical Industry Co., Ltd.
Suzhou ChonTech Co., Ltd.
Realsun Chemical Co., Ltd.
Alfa Chemistry

The detailed segments and sub-segment of the market are explained below:

By Purity

Industrial Class (5wt. %)
Common Class (8wt. %)
Electric Capacitance Class (9wt. %)

By Application

Agrochemical Industry
Electrical Industry
Food Industry
Pharmaceutical Industry
Petroleum Industry

By Region: North America

U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market estimates & forecasts for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level insights.
Comprehensive competitive landscape with key players' profiles.
Strategic recommendations for future market approaches and trends.
Analysis of the competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Gamma Butyrolactone Market Executive Summary

1.1. Global Gamma Butyrolactone Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Purity
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Gamma Butyrolactone Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Gamma Butyrolactone Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Demand in Pharmaceutical and Agrochemical Industries
- 3.1.2. Advancements in Solvent Applications and Material Science
- 3.1.3. Growth in Electrical and Petroleum Sectors
3.2. Market Challenges
- 3.2.1. Stricter Regulatory Compliance and Environmental Regulations
- 3.2.2. Volatility in Raw Material Prices
3.3. Market Opportunities
- 3.3.1. Expansion into Emerging Markets with Growing Industrialization
- 3.3.2. Innovation in Bio-based and Sustainable Production Methods
- 3.3.3. Increased Investment in Research and Development for Advanced Applications

Chapter 4. Global Gamma Butyrolactone Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Gamma Butyrolactone Market Size & Forecasts by Purity 2022-2032

5.1. Segment Dashboard
5.2. Global Gamma Butyrolactone Market: Purity Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Industrial Class (5wt. %)
- 5.2.2. Common Class (8wt. %)
- 5.2.3. Electric Capacitance Class (9wt. %)

Chapter 6. Global Gamma Butyrolactone Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Gamma Butyrolactone Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Agrochemical Industry
- 6.2.2. Electrical Industry
- 6.2.3. Food Industry
- 6.2.4. Pharmaceutical Industry
- 6.2.5. Petroleum Industry

Chapter 7. Global Gamma Butyrolactone Market Size & Forecasts by Region 2022-2032

7.1. North America Gamma Butyrolactone Market
- 7.1.1. U.S. Gamma Butyrolactone Market
  - 7.1.1.1. Purity breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Application breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Gamma Butyrolactone Market
  - 7.1.2.1. Purity breakdown size & forecasts, 2022-2032
  - 7.1.2.2. Application breakdown size & forecasts, 2022-2032
7.2. Europe Gamma Butyrolactone Market
- 7.2.1. U.K. Gamma Butyrolactone Market
- 7.2.2. Germany Gamma Butyrolactone Market
- 7.2.3. France Gamma Butyrolactone Market
- 7.2.4. Spain Gamma Butyrolactone Market
- 7.2.5. Italy Gamma Butyrolactone Market
- 7.2.6. Rest of Europe Gamma Butyrolactone Market
7.3. Asia-Pacific Gamma Butyrolactone Market
- 7.3.1. China Gamma Butyrolactone Market
- 7.3.2. India Gamma Butyrolactone Market
- 7.3.3. Japan Gamma Butyrolactone Market
- 7.3.4. Australia Gamma Butyrolactone Market
- 7.3.5. South Korea Gamma Butyrolactone Market
- 7.3.6. Rest of Asia-Pacific Gamma Butyrolactone Market
7.4. Latin America Gamma Butyrolactone Market
- 7.4.1. Brazil Gamma Butyrolactone Market
- 7.4.2. Mexico Gamma Butyrolactone Market
- 7.4.3. Rest of Latin America Gamma Butyrolactone Market
7.5. Middle East & Africa Gamma Butyrolactone Market
- 7.5.1. Saudi Arabia Gamma Butyrolactone Market
- 7.5.2. South Africa Gamma Butyrolactone Market
- 7.5.3. Rest of Middle East & Africa Gamma Butyrolactone Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. Ashland Global Holdings Inc.
- 8.1.3. LyondellBasell Industries Holdings B.V.
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. BASF SE
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Ashland Global Holdings Inc.
- 8.3.3. LyondellBasell Industries Holdings B.V.
- 8.3.4. Mitsubishi Chemical Corporation
- 8.3.5. Puyang Guangming Chemicals Co., Ltd.
- 8.3.6. Dairen Chemical Corporation
- 8.3.7. Nippon Chemical Industrial Co., Ltd.
- 8.3.8. Tokyo Chemical Industry Co., Ltd.
- 8.3.9. Sigma-Aldrich Corporation
- 8.3.10. Hangzhou Dayangchem Co., Ltd.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes