Gamma-butyrolactone Market Size Analysis, Segmentation, Industry Outlook, and Forecasts Report, 2022
Gamma-butyrolactone market is anticipated to expand at a significant CAGR of 6.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
(firmenpresse) - Global gamma-butyrolactone market is anticipated to witness an exponential growth in the forecast period. Gamma-butyrolactone, also termed as “Butyrolactone or 4-butyrolactone”, is a hygroscopic liquid with weak odor. It is used as a synthetic and solvent reagent. The factors that propel the growth of the market include usage in different productions at a large scale, demand growing continually along with the fast growth of the petrochemical industry and the other related industries. It is harmless and convenient to use and extensively used in verticals such as agriculture, chemical, dye, and polymer and solvent for extracting and printing agent for petrochemical.
On the other hand, there are factors that may hamper the growth of the market including hazardous health effect on human body. Gamma-butyrolactone market is anticipated to expand at a significant CAGR of 6.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
The market could be explored by product type, application, end user, and geography. Market could be explored by product type as Dehydrogenation of 1, 4-Butanediol and Hydrogenation of Maleic Anhydride. The key applications that could be explored in the market include Electrical, Agrochemicals, Pharmaceuticals, Resins & Inks and Photography. The market could be explored based on end user as Raw Material for Synthesis, Solvent, and Others.
North America accounted for the major share of the gamma-butyrolactone market in 2016 and will continue to lead in the forecast period. Globally, North America may account for the substantial market share of gamma-butyrolactone and is expected to lead the overall market in the forecast period. The reason behind the overall market growth could be the occurrence of key manufacturers in the region and the growing demand from the end-users. The United States and Canada are the major consumers of gamma-butyrolactone in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of gamma-butyrolactone in this region.
Some of the key players that fuel the growth of the gamma-butyrolactone market comprise Boai NKY, Ashland, Guangming Chemicals, Changxin Chemical, BASF, Lutianhua Group, Jinlong Chemical, Realsun Chemical, Mitsubishi Chemical, Ruida Biology Technology and Raina Chemical. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Themen in dieser Pressemitteilung:
gamma
butyrolactone-market
gamma
butyrolactone
chemicals-and-materials
chemicals-market
chemicals-industry
gamma
butyrolactone-industry
Unternehmensinformation / Kurzprofil:
Million Insights Inc. is a holistic market research database. With more than a million data points in the repository, we are the only organization providing end-to-end market research solutions. Our proprietary market research solution platform is designed to be completely flexible providing you with the power to personalize.
"Million Insights
Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States
Phone: +1-408-610-2300
Toll Free: +1-866-831-4085
Email: sales(at)millioninsights.com"
Datum: 26.02.2020 - 09:54 Uhr
Sprache: Deutsch
News-ID 607948
Anzahl Zeichen: 3012
contact information:
Contact person: Tom Clark
Town:
Felton
Phone: 14086102300
Kategorie:
Chemical industry
Typ of Press Release: Financial
type of sending: don't
Date of sending: 26.02.2020
Diese Pressemitteilung wurde bisher 179 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Gamma-butyrolactone Market Size Analysis, Segmentation, Industry Outlook, and Forecasts Report, 2022"
steht unter der journalistisch-redaktionellen Verantwortung von
Million Insights (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
