MARKET OVERVIEW
2,3-Butanediol is usually an emerging material, which is being utilized in the production of renewable resources. This organic compound mainly holds promising potentials in several industrial applications, such as in the production of rubber, food additives, also cosmetics. Companies operating in the 2,3-Butanediol market are broadening their revenue streams by enhancing the production of plasticizers, softening agents, derivatives, drugs, and others.
MARKET SCOPE
The "Global 2 and 3 Butanediol Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the 2 and 3 butanediol market with detailed market segmentation by application, and geography. The report provides key statistics on the market status of the leading 2 and 3 butanediol market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on application, the market is bifurcated into polycarbonate intermediate chemicals, plastics, food additives, cosmetics, and others
MARKET DYNAMICS
Drivers:
- High application in intermediate chemicals, plastics, food additives, cosmetics, and others
- Growing demand for starting materials that deploy chemical conversions
- Increase in demand from personal care industry to enhance aesthetic formulation
Restraints:
- Regulations on the raw materials may act as restraining factor for this market
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The 2 and 3 butanediol market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the 2 and 3 butanediol market in these regions.
IMPACT OF COVID-19 ON 2 AND 3 BUTANEDIOL MARKET
As of July 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.
Due to the Covid-19 pandemic, the chemicals and materials industry is also facing huge losses, which is further impacting the world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the 2 and 3 butanediol market. However, as the economies are planning to revive their operations, the demand for 2 and 3 butanediol is presumed to rise owing to growing application from the end-use industries. In addition, chemicals and materials producing companies are also taking some safety measures to fight the coronavirus, which include limiting direct contact with delivery person & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.
MARKET PLAYERS
The report covers key developments in the 2 and 3 butanediol market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from 2 and 3 butanediol market are anticipated to witness lucrative growth opportunities in the future with the rising demand for 2 and 3 butanediol in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the 2 and 3 butanediol market. In addition, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key developments in the last five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
2 and 3 Butanediol Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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The List of Companies
1. BASF SE
2. Global Bio-Chem Technology Group
3. GS Caltex.
4. Haihang Industry Co., Ltd.
5. Henan Coreychem Co., Ltd.
6. LanzaTech
7. Merck KGaA, Biosyncaucho S.L.
8. Orochem Technologies Inc.
9. Precigen, Inc.
10. Tokyo Chemical Industry Co., Ltd.
1. BASF SE
2. Global Bio-Chem Technology Group
3. GS Caltex.
4. Haihang Industry Co., Ltd.
5. Henan Coreychem Co., Ltd.
6. LanzaTech
7. Merck KGaA, Biosyncaucho S.L.
8. Orochem Technologies Inc.
9. Precigen, Inc.
10. Tokyo Chemical Industry Co., Ltd.
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