USD 799.45 Mn growth expected in Gamma butyrolactone Market | APAC to occupy 64% global market share | Technavio
NEW YORK, Feb. 1, 2022 /PRNewswire/ --
Gamma-Butyrolactone Market Facts at a Glance-
NEW YORK, Feb. 1, 2022 /PRNewswire/ --
Gamma-Butyrolactone Market Facts at a Glance-
To understand more about Market Dynamics. Download our FREE sample report
According to the recent market study by Technavio, the gamma-butyrolactone market size is expected to increase by USD 799.45 million from 2021 to 2026, accelerating at a CAGR of 6.27% during the forecast period. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
APAC will register the highest growth, occupying about 64% of the global market share. China and India are the key markets for gamma-butyrolactone in APAC. The market growth in North America will be faster than the growth of the market in other regions.
Download FREE Sample: for more additional information about the key countries in APAC
Vendor Insights-
The gamma-butyrolactone market is concentrated. Vendors in the market are adopting various organic and inorganic growth strategies to remain competitive in the market.
Ashland Global Holdings Inc.: The company offers gamma-butyrolactone chemicals under the brand name Blo.
BASF SE: The company offers gamma-butyrolactone dist which is a colorless, water-miscible liquid.
Changxin Chemical Science Tech Co.: The company offers methyl pyrrolidone which has a colorless transparent liquid.
Dairen Chemical Corp.: The company offers Butanediol which is produced by hydroformylation of allyl alcohol with carbon monoxide and hydrogen.
Genomatica Inc.: The company offers gamma-butyrolactone chemicals under the brand name Geno BDO.
Find additional highlights on the vendors and their product offerings. Download Free Sample Report
Regional Market Outlook
The gamma-butyrolactone market growth in APAC will be significant during the forecast period. The market in APAC is driven by the growth of end-user industries. The US, Germany, and France will emerge as the prominent markets for gamma-butyrolactone outside APAC.
Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Latest Drivers & Trends Driving the Gamma-Butyrolactone Market:
The market is driven by factors such as the beneficial properties of GBL leading to its widespread adoption, growth in the usage of GBL in the manufacture of various chemical compounds, and growing urbanization and industrialization. However, the ban of GBL, the side effects associated with GBL, and the dearth of universal directives pertaining to applications of GBL will reduce the growth potential in the market.
Find additional information about various other market Drivers & Trends mentioned in our FREE sample report.
Didn't Find What You Were Looking For? Customize Report-
Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now!
Here are Some Similar Topics:
Acrolein Market by Application and Geography - Forecast and Analysis 2022-2026
Butyl Acetate Market by Application and Geography - Forecast and Analysis 2021-2025
Gamma Butyrolactone Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.27% |
Market growth 2022-2026 |
USD 799.45 million |
Market structure |
Concentrated |
YoY growth (%) |
5.80 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 64% |
Key consumer countries |
China, US, Germany, France, and India |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Ashland Global Holdings Inc., BASF SE, Changxin Chemical Science Tech Co., Dairen Chemical Corp., Genomatica Inc., Mitsubishi Chemical Corp., Nan Ya Plastics Corp., Saudi International Petrochemical Co., Shanxi Sanwei Group Co. Ltd, and Zhejiang Realsun Chemical Co. Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article