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 Global 2,3-Butanediol Market research report encompasses crucial statistics and analytical insights to facilitate a comprehensive understanding of market size, market share, growth, trends, demand, top players, industry profiles, opportunities, value cycle, end-users, types, and applications. The research also highlights potential opportunities in micro markets for stakeholders to invest in, along with a detailed analysis of the competitive landscape and product offerings of significant competitors.

The qualitative and quantitative data presented in the 2,3-Butanediol market study enables decision-makers to discern the market segments and regions expected to exhibit higher growth rates, identify factors influencing the market, and identify key areas of opportunity. The report also encompasses the competitive landscape of key players in the industry, along with emerging trends in the 2,3-Butanediol market.

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2,3-Butanediol Market Overview

Maximize Market Research's global 2,3-Butanediol Market research report offers a comprehensive analysis of the latest market trends, applications, analysis, growth, and forecast for the period 2021-2029. The report predicts that the 2,3-Butanediol market will witness a CAGR of percent in terms of value over the forecast period. It provides an in-depth analysis, revenue statistics, and other crucial data pertaining to the global 2,3-Butanediol industry. Additionally, the report covers various trends, drivers, limitations, opportunities, and threats that the market may encounter during the forecast period. The research includes financials, supply chain trends, technological advancements, and significant developments of leading competitors in the industry. It also sheds light on future strategies, acquisitions & mergers, and the market footprint of key players.

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 $ 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.

Global 2,3-Butanediol Market Analysis and Forecast, By Type
1. Introduction and Definition
2. Key Findings
3. Global 2,3-Butanediol Market Value Share Analysis, By Type
4. Global 2,3-Butanediol Market Size (US$ Bn) Forecast, By Type
5. Global 2,3-Butanediol Market Analysis, By Type
6. Global 2,3-Butanediol Market Attractiveness Analysis, By Type

Global 2,3-Butanediol Market Analysis and Forecast, By Application
1. Introduction and Definition
2. Key Findings
3. Global 2,3-Butanediol Market Value Share Analysis, By Application
4. Global 2,3-Butanediol Market Size (US$ Bn) Forecast, By Application
5. Global 2,3-Butanediol Market Analysis, By Application
6. Global 2,3-Butanediol Market Attractiveness Analysis, By Application

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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

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Regional Analysis

The 2,3-Butanediol market comprises Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America as its key regions. The 2,3-Butanediol Market Research analyzes the market's primary geographies, as well as its segments and sub-segments. The market report includes information on the geographic landscape of each region and provides insights into the total market revenue. Additionally, the report features an in-depth analysis of the business chain structure, opportunities, and company profiles to provide a comprehensive understanding of the 2,3-Butanediol market.

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

• What is 2,3-Butanediol Market?
• What is the forecast period of the 2,3-Butanediol Market?
• What is the competitive scenario of the 2,3-Butanediol market?
• Which region held the largest market share in the 2,3-Butanediol Market?
• What are the opportunities for the 2,3-Butanediol Market?
• What are the restraining factors in the 2,3-Butanediol market?
• Who are the key players of the 2,3-Butanediol market?

Key offerings:

• Market Share, Size, and Forecast by Revenue|2022-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by 2,3-Butanediol#
• Landscape- Leading key players and other prominent key players.

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