2,3-Butanediol Market was valued US$ 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 Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
2,3-Butanediol Market Overview:
The primary goal of this research is to assist the user in understanding the 2,3-Butanediol Market in terms of definition, segmentation, market potential, significant trends, and the problems that the 2,3-Butanediol industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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2,3-Butanediol Market Segmentation:
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.
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 tons per year.
The company that produces renewable chemical building blocks from high-value raw materials studied and identified the ideal conditions for the fermentation of carbohydrates to 2,3-butanediol (BDO), a renewable chemical component. The manufacture of 2,3-BDO utilizing first-generation sugars from food crops using conventional processing methods has shown promising results that are promisingly similar to those of second-generation sugars from poplar.
2,3-Butanediol Market Size and Forecast, by Type (2022-2029)
1. Content 90%-95%
2. Content＞95%
3. Others
2,3-Butanediol Market Size and Forecast, by Application (2022-2029)
1. Intermediate Chemical
2. Food-Additives
3. Cosmetics
4. Plastics
5. Other
2,3-Butanediol Market Size and Forecast, by Region (2022-2029)
3. North America
3. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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2,3-Butanediol Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the 2,3-Butanediol market are
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
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Regional Analysis:
The report focuses on Global Regions and Market Size of 2,3-Butanediol, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on 2,3-Butanediol Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the 2,3-Butanediol industry in 2021.
Key Questions Answered in the 2,3-Butanediol Market Report are:
- What is the function of 2,3-Butanediol?
- What is the predicted revenue generation of the 2,3-Butanediol market?
- At what growth rate is the 2,3-Butanediol market evolving?
- Who are the major market giants operating in the 2,3-Butanediol market?
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Report on World Butanediol (BDO) Market by Product Type, Market, Players and Regions-Forecast to 2023 by DecisionDatabases.comButanediol (BDO) market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry Players.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/50502-world-butanediol-bdo-market-reportThe Players mentioned in our reportBASFDairen Chemical Corp.AshlandNanya Plastics CorporationMitsubishi Chemical CorporationINVISTAShanxi Sanwei GroupMarkorChemYunnan Yunwei GroupLyondellbasellYCFFujian MeizhouwanShanxi BidiouHenan HemeiGlobal Butanediol (BDO) Market: Product Segment AnalysisPBTGBLTHFPUOthersGlobal Butanediol (BDO) Market: Application Segment AnalysisGlobal Butanediol (BDO) Market: Regional Segment AnalysisUSAEuropeJapanChinaIndiaSouth East AsiaDownload Free Sample Report of World Butanediol (BDO) Market @ https://www.decisiondatabases.com/contact/download-sample-50502There are 10 Chapters to Deeply Display the World Butanediol (BDO) Market.Chapter 1 About the Butanediol (BDO) IndustryChapter 2 World Market Competition LandscapeChapter 3 World Butanediol (BDO) Market shareChapter 4 Supply Chain AnalysisChapter 5 Company ProfilesChapter 6 Globalisation & TradeChapter 7 Distributors and CustomersChapter 8 Import, Export, Consumption and Consumption Value by Major CountriesChapter 9 World Butanediol (BDO) Market Forecast through 2023Chapter 10 Key success factors and Market OverviewPurchase the complete World Butanediol (BDO) Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-50502Other Reports by DecisionDatabases.com:World Central Nervous System Agents Market Research Report 2023 (Covering USA, EU, China, South East Asia, India, Japan and etc)World Commercializing Biomarkers in Therapeutic and Diagnostic Applications Market Research Report 2023 (Covering USA, EU, China, South East Asia, India, Japan and etc)About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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