PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1854942
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1854942
Gamma Butyrolactone Market Introduction and Overview
According to SPER market research, 'Global Gamma Butyrolactone Market Size- By Purity, By Application, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Gamma Butyrolactone Market is predicted to reach 5.44 billion by 2034 with a CAGR of 3.57%.
Gamma-butyrolactone (GBL) is the simplest aliphatic lactone comprising four carbon atoms. It plays a vital role in the production of various chemicals, including tetrahydrofuran (THF), methylpyrrolidone (NMP), N-ethylpyrrolidone (NEP), 2-pyrrolidinone, and polyvinylpyrrolidone (PVP), among others. This compound serves as a viscosity modifier in plant growth regulators, a rubber additive, and a component in polyurethanes, as well as being a solvent used for paint stripping.
Restraints: The Gamma-butyrolactone market has numerous obstacles that may impede its growth trajectory. A significant issue is the regulatory environment governing GBL. In certain regions, GBL is regarded as a controlled substance due to its potential for misuse and illegal consumption. Such regulatory scrutiny can hinder market expansion, compelling manufacturers to comply with intricate regulatory standards. Moreover, fluctuations in raw material pricing represent additional challenges for GBL production.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Purity, By Application, By End User
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered Alpha Chemika, Ashland, Balaji Amines, Biosynth, CDH Fine Chemical, Chang Chun Group, Dairen Chemical Corporation, Dongao Chemical, Exsyncorp, Hefei TNJ Chemical Industry Co, Ltd.
Global Gamma Butyrolactone Market Segmentation:
By Purity: Based on the Purity, Global Gamma Butyrolactone Market is segmented as; Min 99.9%, Min 99.7%.
By Application: Based on the Application, Global Gamma Butyrolactone Market is segmented as; Batteries & Capacitors, Herbicides & Insecticides, Sedative & Anesthetic, Solvent.
By End User: Based on the End User, Global Gamma Butyrolactone Market is segmented as; Electrical & Electronics, Agrochemical, Pharma, Chemical.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.