Global gamma-Butyrolactone Market Outlook 2017-2022

Global gamma-butyrolactone market is expected to grow at a significant CAGR of 6.2% by 2022, according to a new report published by Gen Consulting Company. Gamma-butyrolactone (GBL) is also termed as 1,2-butanolide, 3-hydroxybutyric acid lactone, 2(3H)-furanone dihydro, or 2,3-dihydro furanone is a chemical used by people as a medicine. It is a hygroscopic colorless, water-miscible liquid with a weak distinctive odor. It is exclusively used as an intermediate in the production of several chemicals. In the body, it is converted into gamma-hydroxybutyrate that affects numerous nerve pathways in the brain.

The factors that are playing a major role in the growth of gamma-butyrolactone market are the rising government initiative by favorable investment and the developing industries and business models across the globe. However, the hazardous effect on health may restrain overall market growth in the years to come. Gamma-butyrolactone market is segmented based on product type, application, and region.

Hydrogenation of maleic anhydride and dehydrogenation of 1, 4-butanediol are the product types that could be explored in gamma-butyrolactone in the forecast period. The market may be categorized based on applications like resins & inks, agrochemicals, photography, electrical, pharmaceuticals, and others that could be explored in gamma-butyrolactone in the forecast period.

Gamma-butyrolactone market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).

Globally, North America may account for the substantial market share of gamma-butyrolactone and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence 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 gamma-butyrolactone market 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.

The key players of gamma-butyrolactone market are Ruida Biology Technology, Ashland, Ruian Chemical, BASF, Realsun Chemical, Boai NKY, Realsun Chemical, Changxin Chemical, Mitsubishi Chemical, Guangming Chemicals, Lutianhua Group, and Jinlong Chemical. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

The global market for gamma-butyrolactone (GBL, CAS 96-48-0) will grow at a CAGR of 6.2% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (agrochemicals, electrical, pharmaceuticals, photography, resins & inks, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the gamma-butyrolactone market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the gamma-butyrolactone market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the gamma-butyrolactone market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global gamma-butyrolactone market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the agrochemicals, electrical, pharmaceuticals, photography, resins & inks, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global gamma-butyrolactone market.

Key Applications
- Agrochemicals
- Electrical
- Pharmaceuticals
- Photography
- Resins & Inks

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- Ashland
- BASF
- Boai NKY
- Changxin Chemical
- Guangming Chemicals
- Jinlong Chemical
- Lutianhua Group
- Mitsubishi Chemical
- Realsun Chemical
- Ruian Chemical
- Ruida Biology Technology
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Key Questions Answered in this Report
- What will the market size be in 2022?
- What are the key factors driving the global gamma-butyrolactone market?
- What are the challenges to market growth?
- Who are the key players in the gamma-butyrolactone market?
- What are the market opportunities and threats faced by the key players?