2,3-Butanediol Market Overview

As per Maximize Market Research, a global business research and consultancy firm, the total global market for 2,3-Butanediol Market was USD in 2022 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2029.

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2,3-Butanediol Market Scope and Methodology

The bottom-up approach was used in the report to estimate the 2,3-Butanediol Market. The primary and secondary data sources were used to collect data. The primary source involved interviews with significant market leaders and industry experts including business owners and marketing specialists while secondary sources are a combination of the reviews of the financial and annual reports of top manufacturers. For better information on market penetration, competitive landscape demand analysis, and regional analysis are taken at the local, regional, and global levels. The report presented the PORTER and PESTLE Analysis with the potential impact of micro-economic factors of the 2,3-Butanediol market. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the 2,3-Butanediol market.

2,3-Butanediol Market Regional Insights

Categorized broadly, the 2,3-Butanediol market is segmented across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report comprehensively analyzes factors, market size, growth rate, and regional import-export activities. The regional analysis extends to both local and country levels for a comprehensive examination.

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 are:

What is 2,3-Butanediol?
What was the 2,3-Butanediol market size in 2022?
What are the different segments of the 2,3-Butanediol Market?
What growth strategies are the players considering to increase their presence in 2,3-Butanediol?
What are the upcoming industry applications and trends for the 2,3-Butanediol Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the 2,3-Butanediol Market?
Who are the key players in the 2,3-Butanediol market?
What segments are covered in the 2,3-Butanediol Market?
Who are the leading companies and what are their portfolios in 2,3-Butanediol Market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 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 segment with their sub-segments and Region
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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