PUBLISHER: Value Market Research | PRODUCT CODE: 1448628
PUBLISHER: Value Market Research | PRODUCT CODE: 1448628
The global demand for 2,3-Butanediol Market is presumed to reach the market size of nearly USD 425.37 MN by 2032 from USD 283.78 MN in 2023 with a CAGR of 4.6% under the study period 2024 - 2032.
2,3-butanediol is a chemical compound classified as a vic-diol, featuring two hydroxyl groups on adjacent carbon atoms. It is produced through microbial fermentation and has applications in various industries, including pharmaceuticals and the production of polymers and plastics. Additionally, 2,3-butanediol has gained attention for its potential use as a biofuel precursor, contributing to sustainable energy solutions.
The 2,3-butanediol market is influenced by factors such as the growing demand for bio-based chemicals, advancements in biotechnological processes, and the expanding applications of 2,3-butanediol in various industries. As industries seek sustainable alternatives to traditional chemical synthesis methods, the bioproduction of 2,3-butanediol from renewable feedstocks gains prominence. The compound finds applications in the production of chemicals, polymers, and pharmaceuticals. The increasing awareness of environmental sustainability and the drive towards a circular economy contribute to the market's growth. Additionally, research and development efforts focusing on optimizing production processes and expanding the range of applications further stimulate the 2,3-butanediol market. The compound's versatility as a building block for green chemistry and its potential as a biofuel precursor also contribute to its rising demand across diverse industries.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of 2,3-butanediol. The growth and trends of 2,3-Butanediol Industry provide a holistic approach to this study.
This section of the 2,3-butanediol market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the 2,3-Butanediol market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the 2,3-butanediol market include Haihang Industry Co., Ltd., Guangzhou Jiahua Chemical Co., Ltd., Henan Coreychem Co., Ltd., Tokyo Chemical Industry Co., Orochem Technologies, Inc., GS Caltex, Precigen, Inc., Central Drug House, Biokemik. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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