Gamma-Butyrolactone Market 2024-2028
The gamma-butyrolactone market is forecasted to grow by USD 741.1 mn during 2023-2028, accelerating at a CAGR of 5.9% during the forecast period. The report on the gamma-butyrolactone market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by beneficial properties of gbl leading to its widespread adoption, growth in usage of gbl in manufacturing of various chemical compounds, and growing urbanization and industrialization.
Technavio's gamma-butyrolactone market is segmented as below:
- By Type
- Dehydrogenation of 1 4 butanediol
- Hydrogenation of maleic anhydride
- By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the growing demand for battery electric vehicles as one of the prime reasons driving the gamma-butyrolactone market growth during the next few years. Also, increasing demand from pharmaceutical and agrochemical industry and wide use of gbl in agriculture, factory, and cosmetics fields will lead to sizable demand in the market.
The report on the gamma-butyrolactone market covers the following areas:
- Gamma-Butyrolactone Market sizing
- Gamma-Butyrolactone Market forecast
- Gamma-Butyrolactone Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading gamma-butyrolactone market vendors that include Ashland Inc., BASF, Changxin Chemical Science Tech Co., Dairen Chemical Corp., Dycon Chemicals, Genomatica Inc., Jigs Chemical Ltd., Mitsubishi Chemical Corp., Nan Ya Plastic Corp., Qingdao TaiHongDa Chemical Co. Ltd ., Saudi International Petrochemical Company, Shanxi Sanwei Group Co. Ltd, Taj Pharmaceuticals Ltd., and Zhejiang Realsun Chemical Co. Ltd.. Also, the gamma-butyrolactone market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.