Gamma Butyrolactone Market - By Purity (Min 99.9%, Min 99.7%), Application (Batteries & Capacitors, Herbicides & Insecticides, Sedative & Anesthetic, Solvent), End Use (Electrical & Electronics, Agrochemical, Pharma, Chemical) & Forecast, 2024

Description

Global Gamma butyrolactone market size will grow at over 3.3% CAGR during 2024-2032 due to increasing demand from sectors and growing adoption of manufacturing processes. The global shift to environmentally friendly solvents and chemicals is increasing the demand for gamma-butyrolactone as a green alternative. According to the Economic Times, the global market for green chemicals and materials, currently worth more than $100 billion, is expected to double by 2030, with a growth rate of nearly 10 percent.

Due to the growing concern for environmental sustainability, industries are actively looking for environmentally friendly alternatives to traditional solvents and chemicals. Gamma-butyrolactone, known for its low environmental impact and recyclability, is the preferred choice for various applications. As regulations tighten and consumers demand more environmentally friendly products, the gamma-butyrolactone market is growing significantly. Companies that invest in R&D to improve the environmental friendliness of gamma-butyrolactone products are likely to gain a competitive advantage in this growing market segment.

The Gamma Butyrolactone industry is classified based on purity, application, end use, and region.

The 99.7% segment will grow strongly through 2032 due to the excellent quality and performance of GBL 99.7% purity. High purity GBL is important in applications where strict quality standards are crucial, such as pharmaceuticals and agrochemicals. The pharmaceutical industry requires ultra-pure GBL for the synthesis of active ingredients (API) and pharmaceutical intermediates. In addition, the chemical industry's preference for high-purity GBL in the production of specialty chemicals and fine chemicals will further fuel the market growth.

The gamma-butyrolactone market in the sedative and anesthetic segment will witness decent traction through 2032, as the sedative properties of GBL make it a valuable ingredient in pharmaceuticals. The compound's ability to quickly and effectively induce sedation is particularly useful in medical settings, encouraging its widespread use. In addition, GBL is used in the production of animal anesthetics, where its sedative properties ensure safe and effective anesthesia for animals.

Europe gamma-butyrolactone industry will continue to grow through 2032 due to the well-established pharmaceutical industry and strict regulatory standards for chemical production. Countries such as Germany, France, and the UK are major players in the European GBL market due to their strong pharmaceutical and chemical industries. In addition, continued technological advances and growing R&D in Europe are driving market expansion in several end-use industries, including pharmaceuticals.

Product Code: 8807

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360 degree synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing demand in pharmaceuticals industry
  - 3.2.1.2 Expanding applications in industrial cleaning solutions
  - 3.2.1.3 Advancements in production technologies
- 3.2.2 Market challenges
  - 3.2.2.1 Volatility in raw material prices
  - 3.2.2.2 Competition from alternative solvents
- 3.2.3 Market opportunity
  - 3.2.3.1 New opportunities
  - 3.2.3.2 Growth potential analysis
3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
  - 3.3.2.1 Sustainable manufacturing
    - 3.3.2.1.1 Green practices
    - 3.3.2.1.2 Decarbonization
- 3.3.3 Sustainability in raw materials
- 3.3.4 Raw material pricing trends (USD/Ton)
  - 3.3.4.1 U.S.
  - 3.3.4.2 European Union
  - 3.3.4.3 UK
  - 3.3.4.4 China
  - 3.3.4.5 Southeast Asia
  - 3.3.4.6 GCC
3.4 Regulations & market impact
3.5 Trade statistics
3.6 Unmet needs
3.7 Porter's analysis
3.8 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Size and Forecast, By Purity, 2021-2032 (USD Million, Kilo Tons)

5.1 Key trends
5.2 Min 99.9%
5.3 Min 99.7%

Chapter 6 Market Size and Forecast, By Application, 2021-2032 (USD Million, Kilo Tons)

6.1 Key trends
6.2 Batteries & capacitors
6.3 Herbicides & insecticides
6.4 Sedative & anesthetic
6.5 Solvent
6.6 Other

Chapter 7 Market Size and Forecast, By End Use, 2021-2032 (USD Million, Kilo Tons)

7.1 Key trends
7.2 Electrical & electronics industry
7.3 Agrochemical Iindustry
7.4 Pharmaceutical industry
7.5 Chemical industry
7.6 Other

Chapter 8 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 Alpha Chemika
9.2 Ashland
9.3 Balaji Amines
9.4 Biosynth
9.5 CDH Fine Chemical
9.6 Chang Chun Group
9.7 Dairen Chemical Corporation
9.8 Dongao Chemical
9.9 Exsyncorp
9.10 Hefei TNJ Chemical Industry Co., Ltd.
9.11 Mitsubishi Chemical Group
9.12 Sipchem Company

Gamma Butyrolactone Market - By Purity (Min 99.9%, Min 99.7%), Application (Batteries & Capacitors, Herbicides & Insecticides, Sedative & Anesthetic, Solvent), End Use (Electrical & Electronics, Agrochemical, Pharma, Chemical) & Forecast, 2024 - 2032