2,3-Butanediol Market was valued USD 192.28 Mn in 2022 and is expected to reach 239.55 Mn by 2029, at a CAGR of 3.19% during a forecast period.

2,3-Butanediol Market Overview

The report 2,3-Butanediol Market by Maximize Market Research provides detailed analytics of the 2,3-Butanediol Market. The Report. helps to understand the 2,3-Butanediol Market structure in detail. The industry overview gives thorough details about the size of the market all the market dynamics including strategies, market revenue, pricing analysis, micro and macro market trends and scenarios and Industry benchmarks. The segment insights in the report help to get the knowledge of the 2,3-Butanediol Market potential in segment. The report also provides detailed analysis of the region wise Industry potential & rivalry

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2,3-Butanediol Market Report Scope and Research Methodology

The report is a comprehensive analysis of the 2,3-Butanediol Market by region, segment and competitive landscape. The report covers the current trends prevailing in the market & changing market scope. For understanding the global factors affecting the industry, the report presents drivers, challenges, restraints and opportunities prevailing in the 2,3-Butanediol Market. Segments covered in the 2,3-Butanediol Market report are by and region facilitating the leading companies for identifying investment pockets and opportunities industry.

Dedicated study of the rivalry in the industry is covered, which includes market leaders, followers, and new entrants. The new entrants in 2,3-Butanediol Market were researched for growth prospects and future business outlooks. The analysis acts as a guide for stakeholders, investors, market players and followers and new entrants with an overall view of the 2,3-Butanediol Market for formulating investment approaches and marketing tactics. Bottom-up approach was used to estimate the 2,3-Butanediol Market size.

2,3-Butanediol Market Segmentation

by Type

Content 90%-95%
Content＞95%
Others

Due to the rising demand for several of its derivatives, 2,3-BDL production is expanding at a pace of 4% annually. Its synthesis is now carried out only using a chemical approach. It can be employed as a precursor in the production of a variety of chemical compounds, such as the solvents gamma-butyrolactone (GBL), 1,3-butadiene, and methyl ethyl ketone (MEK). Commercially, the primary downstream products of 23BD might sell for as much as $xx billion on a potential global market of about 32 million tonnes per year.

by Application

Intermediate Chemical
Food-Additives
Cosmetics
Plastics
Other

Due to the chemical industry's rapid expansion, the chemical intermediate segment has been identified as the application area with the quickest growth rate for the year 2022, and this trend is anticipated to continue for the following seven years. The usage of biobased chemicals will be encouraged by government initiatives and pressure on the manufacturing sector in the upcoming years.

2,3-Butanediol Market Key Players

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
21. HNEC
22. TunHe

2,3-Butanediol Market Regional Insights

By Region, the 2,3-Butanediol Market is categorised into several region including North America, Europe, Asia Pacific, South America and Middle East and Africa. The report provides region wise market share and a detailed analytics of country wise industry potential.

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Key questions answered in the 2,3-Butanediol Market are:

• What is 2,3-Butanediol Market?
• What are the global trends in the 2,3-Butanediol Market?
• What are the upcoming industry applications and trends for the 2,3-Butanediol Market?
• What is the expected demand for different types of products in the 2,3-Butanediol Market during the forecast period?
• How is the regulatory scenario is shaping the 2,3-Butanediol Market?
• Who are the leading companies and what are their portfolios in 2,3-Butanediol Market?
• What are the major challenges that the 2,3-Butanediol Market Industry could face in the future?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by segment, sub-segment and Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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