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 Overview

The 2,3-Butanediol Market study includes ever-changing trends, the industry environment, and all of the market's leading elements. The research approach was used to investigate the 2,3-Butanediol industry, and the results have been logically presented in the report.

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2,3-Butanediol Market Report Scope and Research Methodology 

The global 2,3-Butanediol Market report covers a brief analysis of drivers, restraints, product developments, technical advancements, market opportunities, restrictions, growth strategies, and market prospects. The report offers an in-depth analysis of the 2,3-Butanediol industry, including key figures such as market size, market share, revenue growth, and CAGR for the forecast period (2022 to 2029). The analysis by MMR focuses on the most important data on regional 2,3-Butanediol market share. The research also includes a full geographical analysis of the 2,3-Butanediol industry, highlighting the industry’s growth potential and market hurdles in each of the regions with the list of key players in the industry. The bottom-up approach was used to estimate the 2,3-Butanediol market size. SWOT analysis was employed to provide the strengths, weaknesses, opportunities and threats in the 2,3-Butanediol industry. 

2,3-Butanediol Market Regional Insights

Geographically, the report is segmented into several key countries, with 2,3-Butanediol market size, growth rate, import and export of 2,3-Butanediol market in these countries, which cover North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa.

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 utilized as a precursor in the production of a variety of chemical compounds, such as the solvents gamma-butyrolactone and methyl ethyl ketone (MEK).

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

• Which region holds the maximum share in the 2,3-Butanediol market?
• What is the expected CAGR of the 2,3-Butanediol market during the forecast period?
• Which application segment emerged as the leading segment in the 2,3-Butanediol market?
• What key trends are expected to emerge in the 2,3-Butanediol market in the coming years?
• Which factor is contributing to the final price of the 2,3-Butanediol?
• What is the expected 2,3-Butanediol market size by 2029?
• Who are the 2,3-Butanediol key players in the industry?
• Which company held the largest share in the 2,3-Butanediol market?

Key Offerings:

• Past Market Size and Competitive Landscape (2017 to 2021)
• Past Pricing and price curve by region (2017 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segments and their sub-segments
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis 
• PORTER’s analysis 
• Value chain and supply chain analysis 
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis 
• Recommendations 

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