2,3 Butanediol Sales Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 8.9% from 2026 to 2033, reaching USD 2.5 Billion by 2033.
The global 2,3 Butanediol sales market was valued at approximately USD 4.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.2% from 2023 to 2030. The increasing demand for 2,3 Butanediol in various industries, particularly in the production of biodegradable plastics, cosmetics, and pharmaceuticals, is driving this markets growth. In 2022, North America held a significant share of the market, contributing to nearly 35% of the total sales, owing to the presence of major industrial players and high demand for eco friendly products. Europe and Asia Pacific followed, with Asia Pacific showing the fastest growth rate due to the rising industrial activities and expansion in chemical production capacities, particularly in China and India. The regional analysis reveals that North America and Europe are projected to maintain a steady growth rate, while Asia Pacific is anticipated to be the fastest growing market, driven by increasing consumer awareness and government regulations supporting sustainable practices. The demand for 2,3 Butanediol in emerging markets, particularly in India and Southeast Asia, is expected to create substantial opportunities over the forecast period. The CAGR for the Asia Pacific region is forecasted to be around 9.5%, reflecting strong market dynamics. The shift towards green chemicals and the rise of biotechnological production processes present new growth avenues for companies operating in the 2,3 Butanediol market. Additionally, increased investments in renewable raw materials and advancements in bio based production are expected to drive further growth in various regional markets.
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Lanzatech
Yancheng Hongtai Bioengineering
Yancheng Huade Biological
Glory
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global 2,3 Butanediol Sales Market
Solvents
Plasticizers
Polyurethanes
Cosmetics & Personal Care
Pharmaceuticals
Automotive
Food & Beverages
Pharmaceutical
Cosmetics
Textiles
Industrial Grade
Pharmaceutical Grade
Cosmetic Grade
Catalytic Hydrogenation of 1,4-Butynediol
Hydrogenation of Acetoin
Fermentation Process
Synthetic Source
Biological Source
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 2,3 Butanediol Sales Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global 2,3 Butanediol Sales Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global 2,3 Butanediol Sales Market, By Type
6. Global 2,3 Butanediol Sales Market, By Application
7. Global 2,3 Butanediol Sales Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global 2,3 Butanediol Sales Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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