2,3-Butanediol Market Size Analysis, DROT, PEST, Porter’s, Region & Country Forecast Till 2030

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The global Butanediol market is forecast to reach USD 21.93 Billion by 2030, according to a new report by Reports and Data. 2,3-Butanediol is a chemical and is used to make the paint thinner, floor stripper, and other solvent products.

2,3-Butanediol is a raw material for polyurethane and polyester resins that show excellent characteristics. These products find several applications in everyday consumer products such as consumer durables such as electrical appliances and cars, clothing and shoe soles, industrial materials such as machine parts, as well as medical products. 2,3-Butanediol is an important commercial chemical used to manufacture over 2.5 million tons of valuable polymers every year. Currently, the production of 2,3-Butanediol is entirely through petrochemistry.

2,3-Butanediol is illegal to sell for usage in medicine. It is also used as a substitute for other illegal substances such as gamma-butyrolactone (GBL) and gamma-hydroxybutyrate (GHB). 2,3-Butanediol is used to stimulate muscle growth and growth hormone production; and for weight loss, bodybuilding, and insomnia.

The Asia Pacific dominated the market for 2,3-Butanediol. The demand for the market is growing due to the high demand from the electronics and consumer appliances industries. The region is witnessing numerous investments by automotive giants such as Hyundai Motors, BMW, and Honda. This is expected to drive the demand for the 2,3-Butanediol market.

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Top 10 Companies Operating in the Global 2,3-Butanediol Market:

BASF SE, Mitsubishi Chemical Corporation, Ashland Inc., SK Global Chemical Co. Ltd., Nan Ya Plastics Corporation, Mitsui & Co. Ltd., Genomatica Inc., Chemtura Corporation, Dairen Chemical Corporation, and Bioamber Inc., among others.

Table of Contents:

Report Overview

1.1 Research Scope

1.2 Key 2,3-Butanediol market segments

1.3 Major players

1.4 Market analysis by product type

1.5 Market analysis by application

1.6 Report timeline

Global Growth Trends

2.1 Global 2,3-Butanediol market size

2.2 Latest regional market trends

2.3 Emerging growth trends

Competitive Outlook

3.1 Global 2,3-Butanediol market key players

3.2 Global 2,3-Butanediol size by manufacturers

3.3 Products of major players

3.4 Entry barriers in the 2,3-Butanediol market

3.5 Mergers, acquisitions, joint ventures, and other strategic alliances

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Key Regional Markets Covered in the Report:

North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
2,3-Butanediol Market Segmentation

Technology Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

Davy-McKee Process
Butadiene Process
Reppe Process
Propylene Oxide Process
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

Poly Butylene Terephthalate (PBT)
Tetrahydrofuran (THF)
Polyurethane (PU)
Gamma-Butyrolactone (GBL)
End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

Textile
Automotive
Electrical and Electronics
Agricultural Chemicals
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