Data Bridge Market research has just completed and published a study report with the title “Gamma Butyrolactone Market” (including the United States, Europe, China, Japan, India, South East Asia, and other regions). The report emphasizes opportunities, and risks, and leverages this information to help readers make strategic and tactical decisions. The transformation in the market landscape is analyzed in the superior Gamma Butyrolactone market report which is mainly observed due to the moves of key players or brands which include developments, product launches, joint ventures, mergers, and acquisitions that in turn change the view of the global face of the industry. Proficient and radiant forecasting techniques used in the report are identical in accuracy and correctness. The report provides classification by companies, region, type, and end-use industry.
The global gamma butyrolactone market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing at a CAGR of 3.1% in the forecast period of 2023 to 2030 and is expected to reach USD 1,322,228.38 thousand by 2030.
The major factor driving the growth of gamma butyrolactone is the rising demand from the growing application of derived chemical products expected to drive the market growth.
Available Sample Report in PDF Version along with Graphs and Figures @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-gamma-butyrolactone-market
Market Definition
Gamma butyrolactone is a hygroscopic liquid with a ketone-like odour and a colorless, greasy, and transparent appearance. It is also used as a precursor in manufacturing a number of chemical compounds. GBL is employed as an aesthetic and pacifier in the pharmaceutical business and for the production of interferon and ciprofloxacin.
Key Market Players:
- Ashland (U.S.)
- BASF SE (Germany)
- Changxin Chemical Science Tech Co. (China)
- DCC (Ireland)
- Genomatica Inc. (U.S.)
- Mitsubishi Chemical Holdings Corporation (U.S.)
- NAN YA PLASTICS CORPORATION (Taiwan)
- SOLVAY (Belgium)
- DAIKIN (Japan)
- Dow (U.S.)
- Halocarbon, LLC (U.S.)
- Sipchem Company (Saudi Arabia)
- Shanxi Sanwei Group Co. Ltd (China)
- Zhejiang Realsun Chemical Co. Ltd (China)
- Dupont (U.S.)
- Freudenberg SE (Germany)
- The Chemours Company (U.S.)
We can add or profile new company as per client need in the report. Final confirmation to be provided by research team depending upon the difficulty of survey.
Recent Development
- In April 2021, The Coal-based Fine Chemicals Circular Economy Industrial Park Phase II project was started by Xinjiang Guotai Xinhua Chemical Co,.ltd to produce acetylene and formaldehyde through a dry acetylene plant and a formaldehyde plant, as well as hydrogen through the methanol cracking method and 1,4-butanediol (BDO) through the acetylene aldehy. This project’s completion will contribute to 100,000 tonnes of 1,4-butanediol (BDO) and 1,200 tonnes of butanol as a by-product.
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Opportunities
- Rise in demand for electric vehicles
Since there is a greater demand for electric vehicles globally, there are more of them on the road today and this trend will only continue. The need for electric vehicles has risen in the last several years due to greater public awareness of the need to reduce greenhouse gas emissions, the high cost of fuel and technological advancements. Electric vehicles available in the market are electric cars, buses, tractors, scooters, bikes, bicycles, personal transporters and many more. Such different types of electric vehicles attract consumers from different work areas, thus increasing demand and sales of electric vehicles.
- Increase in usage of organic agrochemicals
The machine or engines which is installed in the plants or automotive industry are done for a longer duration but are used on a regular basis, due to which the wear and tear of parts are more inside the engine. The seals products which are installed with the machine have to work under different pressure and temperature, which increases the wear and tear of the seals products. Several types of lubricants are used in the machinery, which involve different chemical compositions, which sometimes also affect the composition of sealing products.
Critical Insights Related to the Gamma Butyrolactone Included in the Report:
- Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
- Value chain analysis of prominent players in the market
- Current trends influencing the dynamics of this market across various geographies
- Recent mergers, acquisitions, collaborations, and partnerships
- Revenue growth of this industry over the forecast period
- Marketing strategy study and growth trends
- Growth-driven factor analysis
- Emerging recess segments and region-wise market
- An empirical evaluation of the curve of this market
- Ancient, Present, and Probable scope of the market from both prospect value and volume
Drivers
- Growing application of derived chemical products
Chemicals play an important role in every aspect of day-to-day life. Everything around the world consists of chemicals. To manufacture such useful chemicals, raw materials are required. Every chemical has its different raw materials and chemical intermediates. The daily use products such as medicines, food items, cosmetics, personal care products, paints, fuels, electronics and many more are made up of chemical compounds, which are derived from one or more chemical raw materials. Favorable frameworks, an increase in foreign direct investment in developing economies, increased demand from consumers and strong competition among manufacturers of chemicals products are the driving forces behind the market growth of chemical products.
- Application in a wide range of industries
The growing economy, rise in the transportation sector and growth in infrastructure are a few of the crucial variables which have led to the growth of the petroleum industry. Gamma butyrolactone is one of the useful chemicals which is employed as an extractant in the processing of butadiene, aromatic and advanced grease petroleum. Other than the petroleum based industry, gamma butyrolactone is used in agrochemicals industries. Agrochemical products play an important role in increasing agricultural yields. Utilizing agrochemicals improves crop productivity, plant health and controls plant disease. Such agrochemicals are classified into herbicides, nematicides, fungicides, pesticides and soil conditioners. The chemical is used to produce organic agrochemicals such as herbicides, nematocides and pesticides. Along with it, gamma butyrolactone serves as a plant growth regulator and stabilizer for pesticides containing phosphorus and chlorohydrocarbons. Thus the high population, increasing food demand and awareness among farmers regarding the benefits of agrochemicals are the factor that leads to the agrochemical industry growth, thus driving the Global gamma butyrolactone market.
Gamma Butyrolactone Market Scope
The gamma butyrolactone market is segmented on the basis of purity, applications and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Purity
- Industrial Class (5 wt. %)
- Common Class (8 wt. %)
- Electric Capacitance Class (9 wt. %)
On the basis of purity, the gamma butyrolactone market has been segmented into industrial class (5 wt. %), common class (8wt. %) and electric capacitance class (9 wt. %).
Applications
- Batteries and Capacitors
- Herbicides and Insecticides
- Sedative and Anesthetic
- Solvent
- Others
The gamma butyrolactone market has also been segmented on the basis of applications into batteries and capacitors, herbicides and insecticides, sedative and anesthetic, solvent and others.
End Users
- Agrochemical Industry
- Electrical Industry
- Food Industry
- Pharmaceutical Industry
- Petroleum Industry
Read the Detailed Index of the full Research Study @https://www.databridgemarketresearch.com/reports/global-gamma-butyrolactone-market
Global Gamma Butyrolactone Market Regional Analysis/Insights
The gamma butyrolactone market is analysed and market size insights and trends are provided by country, purity, applications and end users as referenced above.
The countries covered in the gamma butyrolactone market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the gamma butyrolactone market because of the rise in the demand of the petroleum industry and presence of mature consumer electronics business within the region.
On the other hand, Asia-Pacific is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the surge in disposable income and the improvement in standard of living in many economies which h boosts the consumer electronics within the region.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Gamma Butyrolactone Market: Regulations
- Market Overview
- Global Gamma Butyrolactone Market, By Grade
- Global Gamma Butyrolactone Market, By Purity
- Global Gamma Butyrolactone Market, By Application
- Global Gamma Butyrolactone Market, By End Use
- Global Gamma Butyrolactone Market, By Region
- Global Gamma Butyrolactone Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To check the complete Table of Content click here: @ https://www.databridgemarketresearch.com/toc/?dbmr=global-gamma-butyrolactone-market
Customization Options
All segmentation provided above in this report is represented at country level and can be customized according to needs.
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization).
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India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market By Purity (Industrial Class (5 wt. %), Common Class (8 wt. %), Electric Capacitance Class (9 wt. %)), By Process (Acetylene-Based Process, Butadiene-Based Process, Maleic Anhydride-Based Process, Propylene Oxide-Based Process), By Application (THF (Tetrahydrofuran), POLY THF, GBL (Gamma Butyrolactone), Market Trends and Forecast to 2027 https://www.databridgemarketresearch.com/reports/india-thf-tetrahydrofuran-and-gbl-gamma-butyrolactone-market
Europe Gamma Butyrolactone Market, By Grade (Industrial Class (5 Wt. %), Electric Capacitance Class (9 Wt. %) and Common Class (8 Wt. %)), Purity (Min. 99.9% and Min. 99.7%), Application (Solvent, Casting Binder, Herbicides and Insecticides, Batteries and Capacitors, Paint Strippers, Polish Removers, Anesthetic, Sedative and Others), End-Use (Pharmaceutical Industry, Electrical Industry, Agrochemical Industry, Petroleum Industry, Food Industry and Others) – Industry Trends and Forecast to 2030. https://www.databridgemarketresearch.com/reports/europe-gamma-butyrolactone-market
Asia-Pacific Gamma Butyrolactone Market, By Grade (Industrial Class (5 Wt. %), Electric Capacitance Class (9 Wt. %) and Common Class (8 Wt. %)), Purity (Min. 99.9% and Min. 99.7%), Application (Solvent, Casting Binder, Herbicides and Insecticides, Batteries and Capacitors, Paint Strippers, Polish Removers, Anesthetic, Sedative and Others), End-Use (Pharmaceutical Industry, Electrical Industry, Agrochemical Industry, Petroleum Industry, Food Industry and Others) – Industry Trends and Forecast to 2030. https://www.databridgemarketresearch.com/reports/asia-pacific-gamma-butyrolactone-market
Middle East and Africa Gamma Butyrolactone Market, By Grade (Industrial Class (5 Wt. %), Electric Capacitance Class (9 Wt. %) and Common Class (8 Wt. %)), Purity (Min. 99.9% and Min. 99.7%), Application (Solvent, Casting Binder, Herbicides and Insecticides, Batteries and Capacitors, Paint Strippers, Polish Removers, Anesthetic, Sedative and Others), End-Use (Pharmaceutical Industry, Electrical Industry, Agrochemical Industry, Petroleum Industry, Food Industry and Others) – Industry Trends and Forecast to 2030. https://www.databridgemarketresearch.com/reports/middle-east-and-africa-gamma-butyrolactone-market
North-America Gamma Butyrolactone Market, By Grade (Industrial Class (5 Wt. %), Electric Capacitance Class (9 Wt. %) and Common Class (8 Wt. %)), Purity (Min. 99.9% and Min. 99.7%), Application (Solvent, Casting Binder, Herbicides and Insecticides, Batteries and Capacitors, Paint Strippers, Polish Removers, Anesthetic, Sedative and Others), End-Use (Pharmaceutical Industry, Electrical Industry, Agrochemical Industry, Petroleum Industry, Food Industry and Others) – Industry Trends and Forecast to 2030. https://www.databridgemarketresearch.com/reports/north-america-gamma-butyrolactone-market
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