Gamma-butyrolactone Market Overview, Concsumption Analysis and Future Projections till 2022
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.
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.
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<strong>Gamma</strong>-<strong>butyrolactone</strong> <strong>Market</strong> <strong>Overview</strong>,<br />
Consumption <strong>Analysis</strong> <strong>and</strong> <strong>Future</strong><br />
<strong>Projections</strong> <strong>till</strong> <strong>2022</strong><br />
“<strong>Gamma</strong>-<strong>butyrolactone</strong>, also termed as “Butyrolactone or 4-<br />
<strong>butyrolactone</strong>”, is a hygroscopic liquid with weak odor. It is<br />
used as a synthetic <strong>and</strong> solvent reagent.”<br />
Global <strong>Gamma</strong>-<strong>butyrolactone</strong> <strong>Market</strong> is anticipated to witness an exponential growth in the forecast period. <strong>Gamma</strong><strong>butyrolactone</strong>,<br />
also termed as “Butyrolactone or 4-<strong>butyrolactone</strong>”, is a hygroscopic liquid with weak odor. It is used as<br />
a synthetic <strong>and</strong> solvent reagent. The factors that propel the growth of the market include usage in different productions<br />
at a large scale, dem<strong>and</strong> growing continually along with the fast growth of the petrochemical industry <strong>and</strong> the other<br />
related industries. It is harmless <strong>and</strong> convenient to use <strong>and</strong> extensively used in verticals such as agriculture, chemical,<br />
dye, <strong>and</strong> polymer <strong>and</strong> solvent for extracting <strong>and</strong> printing agent for petrochemical.<br />
On the other h<strong>and</strong>, there are factors that may hamper the growth of the market including hazardous health effect on<br />
human body. <strong>Gamma</strong>-<strong>butyrolactone</strong> market is anticipated to exp<strong>and</strong> at a significant CAGR of 6.2% in the upcoming<br />
period as the scope, product types, <strong>and</strong> its applications are increasing across the globe.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/gamma-<strong>butyrolactone</strong>-market<br />
The market could be explored by product type, application, end user, <strong>and</strong> geography. <strong>Market</strong> could be explored by<br />
product type as Dehydrogenation of 1, 4-Butanediol <strong>and</strong> Hydrogenation of Maleic Anhydride. The key applications that<br />
could be explored in the market include Electrical, Agrochemicals, Pharmaceuticals, Resins & Inks <strong>and</strong> Photography.<br />
The market could be explored based on end user as Raw Material for Synthesis, Solvent, <strong>and</strong> Others.<br />
North America accounted for the major share of the gamma-<strong>butyrolactone</strong> market in 2016 <strong>and</strong> will continue to lead in<br />
the forecast period. Globally, North America may account for the substantial market share of gamma-<strong>butyrolactone</strong> <strong>and</strong><br />
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 <strong>and</strong> the growing dem<strong>and</strong> from the end-users. The United States <strong>and</strong><br />
Canada are the major consumers of gamma-<strong>butyrolactone</strong> in this region.<br />
Europe <strong>and</strong> the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest<br />
region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast<br />
period. The developing countries like India <strong>and</strong> China are the major consumers of gamma-<strong>butyrolactone</strong> in this region.<br />
Some of the key players that fuel the growth of the gamma-<strong>butyrolactone</strong> market comprise Boai NKY, Ashl<strong>and</strong>,<br />
Guangming Chemicals, Changxin Chemical, BASF, Lutianhua Group, Jinlong Chemical, Realsun Chemical, Mitsubishi<br />
Chemical, Ruida Biology Technology <strong>and</strong> Raina Chemical. The leading companies are taking up partnerships, mergers<br />
<strong>and</strong> acquisitions, <strong>and</strong> joint ventures in order to boost the inorganic growth of the industry.<br />
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https://www.millioninsights.com/industry-reports/gamma-<strong>butyrolactone</strong>-market/request-sample<br />
<strong>Market</strong> Segment:<br />
Key Applications<br />
• Agrochemicals<br />
• Electrical<br />
• Pharmaceuticals<br />
• Photography<br />
• Resins & Inks<br />
Key Regions<br />
• North America<br />
• Europe<br />
• Asia Pacific<br />
• Middle East <strong>and</strong> Africa<br />
• South America<br />
See More Reports of This Category by Million Insights @<br />
https://www.millioninsights.com/industry/chemicals
Key Vendors<br />
• Ashl<strong>and</strong><br />
• BASF<br />
• Boai NKY<br />
• Changxin Chemical<br />
• Guangming Chemicals<br />
• Jinlong Chemical<br />
• Lutianhua Group<br />
• Mitsubishi Chemical<br />
• Realsun Chemical<br />
• Ruian Chemical<br />
• Ruida Biology Technology<br />
• request free sample to get a complete list of companies<br />
Key Questions Answered in this Report<br />
• What will the market size be in <strong>2022</strong>?<br />
• What are the key factors driving the global gamma-<strong>butyrolactone</strong> market?<br />
• What are the challenges to market growth?<br />
• Who are the key players in the gamma-<strong>butyrolactone</strong> market?<br />
• What are the market opportunities <strong>and</strong> threats faced by the key players?
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