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Global 2,3-Butanediol Market Outlook 2037

Published Apr 23, 2025
Length 265 Pages
SKU # RENE20451205

Description

The global 2,3-Butanediol market was valued at USD 226,051.9 thousand in 2024 and is projected to reach USD 401,075.1 thousand by 2037, expanding at a CAGR of 4.5% during the forecast period (2025–2037). In 2025, the market size is expected to be USD 234,471.2 thousand. The 2,3-Butanediol market is gaining momentum as industries increasingly seek versatile intermediates for producing eco-friendly solvents, polymers, and fuel additives. Its role in next-generation material science and bio-refining processes is expanding, especially with growing interest in biodegradable plastics and green aviation fuels. Additionally, the rise of bio-economy initiatives across the globe is encouraging large-scale fermentation-based production of 2,3-Butanediol from renewable sources.

Table of Contents

265 Pages
Global 2,3-Butanediol Market
An Outline of the Global 2,3-Butanediol Market
Market Definition
Market Segmentation
Assumptions and Abbreviations
Research Methodology & Approach
Primary Research
Secondary Research
SPSS Methodology
Data Triangulation
Executive Summary
Growth Drivers
Major Roadblocks
Opportunities
Prevalent Trends
Government Regulation
Up-Coming Technologies
Growth Outlook
Risk Overview
Value Chain
SWOT
Regional Demand
Recent Development News
Market Price Comparison: Bio-Based vs. Fossil Fuel-Derived 2,3-Butanediol
Pricing Benchmarking
Uses and Applications: Bio-Based vs Fossil Fuel-Derived 2,3-Butenediol
Comprehensive Environmental Impact Assessment of Bio-Based 2,3 Butanediol(BDO)
Techno-Economic Comparison of Bio-Based & Petrochemical 2,3-Butanediol(BDO)
Crude Oil Price Fluctuation and Their Impact on Fossil-Based Chemical Markets
Consumer Preferences & Industry Trends Shifting Towards Green Chemical in the Global 2,3-Butanediol Market
Growth Potential for 2,3-Butanediol End-Use Industry of 2,3-Butanediol Market
Government Initiatives Driving Bio-Based 2,3-Butanediol(BDO) Production
Root Cause Analysis for discovering Problems of the Global 2,3-Butanediol Market
Unique Selling Proposition (USP) Analysis
Strategic Recommendations for Sumitomo Chemical in the Global 2,3-Butanediol Market
Comparative Positioning
Competitive Landscape
Competitive Model
Company Market Share
Business Profile of Key Enterprise
Biokemik
BOC Sciences
FUJIFILM Wako Pure Chemical Corporation
GS Caltex Corporation
Haihang Industry
Merck KGaA
Orochem Technologies, Inc.
Otto Chemie Pvt. Ltd.
Thermo Fisher Scientific Inc.
Tokyo Chemical Industry (India) Pvt. Ltd.
Global 2,3-Butanediol Market Outlook
Market Overview
Market Revenue by Value (USD Thousand), Volume (Tons), and Compound Annual Growth Rate (CAGR)
Global 2,3-Butanediol Market Segmentation Analysis (2024-2037)
By Source Type
Bio-Based 2,3 Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
Fossil Fuel-Derived 2,3-Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
By Purity Level
Up to 85%, Market Value (USD Thousand), and CAGR, 2024-2037F
>85% - 97%, Market Value (USD Thousand), and CAGR, 2024-2037F
>97%, Market Value (USD Thousand), and CAGR, 2024-2037F
By Route of Synthesis
Fermentation, Market Value (USD Thousand), and CAGR, 2024-2037F
Conventional, Market Value (USD Thousand), and CAGR, 2024-2037F
By Application
Fertilizers, Market Value (USD Thousand), and CAGR, 2024-2037F
Plasticizers, Market Value (USD Thousand), and CAGR, 2024-2037F
Polyurethanes, Market Value (USD Thousand), and CAGR, 2024-2037F
Printing Inks, Market Value (USD Thousand), and CAGR, 2024-2037F
Perfumes, Market Value (USD Thousand), and CAGR, 2024-2037F
Food Additives, Market Value (USD Thousand), and CAGR, 2024-2037F
Resins, Market Value (USD Thousand), and CAGR, 2024-2037F
Others, Market Value (USD Thousand), and CAGR, 2024-2037F
By End use Industry
Chemical Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
Pharmaceuticals, Market Value (USD Thousand), and CAGR, 2024-2037F
Food & Beverage, Market Value (USD Thousand), and CAGR, 2024-2037F
Automotive & Fuel Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
Cosmetics & Personal Care, Market Value (USD Thousand), and CAGR, 2024-2037F
Agriculture, Market Value (USD Thousand), and CAGR, 2024-2037F
Others, Market Value (USD Thousand), and CAGR, 2024-2037F
By Region
North America, Market Value (USD Million), Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​
Europe, Market Value (USD Million), Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​
Asia Pacific Excluding Japan, Market Value (USD Million), Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​
Japan, Market Value (USD Million), Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​
Latin America, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Middle East and Africa, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Cross Analysis of End-Use Industry w.r.t. Source Type (USD Thousand), 2024-2037​
North America 2,3-Butanediol Market Outlook
Market Overview
Market Revenue by Value (USD Thousand), Volume (Tons), and Compound Annual Growth Rate (CAGR)
North America 2,3-Butanediol Market Segmentation Analysis (2024-2037)
By Source Type
Bio-Based 2,3 Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
Fossil Fuel-Derived 2,3-Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
By Purity Level
Up to 85%, Market Value (USD Thousand), and CAGR, 2024-2037F
>85% - 97%, Market Value (USD Thousand), and CAGR, 2024-2037F
>97%, Market Value (USD Thousand), and CAGR, 2024-2037F
By Route of Synthesis
Fermentation, Market Value (USD Thousand), and CAGR, 2024-2037F
Conventional, Market Value (USD Thousand), and CAGR, 2024-2037F
By Application
Fertilizers, Market Value (USD Thousand), and CAGR, 2024-2037F
Plasticizers, Market Value (USD Thousand), and CAGR, 2024-2037F
Polyurethanes, Market Value (USD Thousand), and CAGR, 2024-2037F
Printing Inks, Market Value (USD Thousand), and CAGR, 2024-2037F
Perfumes, Market Value (USD Thousand), and CAGR, 2024-2037F
Food Additives, Market Value (USD Thousand), and CAGR, 2024-2037F
Resins, Market Value (USD Thousand), and CAGR, 2024-2037F
Others, Market Value (USD Thousand), and CAGR, 2024-2037F
By End use Industry
Chemical Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
Pharmaceuticals, Market Value (USD Thousand), and CAGR, 2024-2037F
Food & Beverage, Market Value (USD Thousand), and CAGR, 2024-2037F
Automotive & Fuel Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
Cosmetics & Personal Care, Market Value (USD Thousand), and CAGR, 2024-2037F
Agriculture, Market Value (USD Thousand), and CAGR, 2024-2037F
Others, Market Value (USD Thousand), and CAGR, 2024-2037F
By Country
U.S., Market Value (USD Million), Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​
Canada, Market Value (USD Million), Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​
Cross Analysis of End-Use Industry w.r.t. Source Type (USD Thousand), 2024-2037​
Europe 2,3-Butanediol Market Outlook
Market Overview
Market Revenue by Value (USD Thousand), Volume (Tons), and Compound Annual Growth Rate (CAGR)
Europe 2,3-Butanediol Market Segmentation Analysis (2024-2037)
By Source Type
Bio-Based 2,3 Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
Fossil Fuel-Derived 2,3-Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
By Purity Level
Up to 85%, Market Value (USD Thousand), and CAGR, 2024-2037F
>85% - 97%, Market Value (USD Thousand), and CAGR, 2024-2037F
>97%, Market Value (USD Thousand), and CAGR, 2024-2037F
By Route of Synthesis
Fermentation, Market Value (USD Thousand), and CAGR, 2024-2037F
Conventional, Market Value (USD Thousand), and CAGR, 2024-2037F
By Application
Fertilizers, Market Value (USD Thousand), and CAGR, 2024-2037F
Plasticizers, Market Value (USD Thousand), and CAGR, 2024-2037F
Polyurethanes, Market Value (USD Thousand), and CAGR, 2024-2037F
Printing Inks, Market Value (USD Thousand), and CAGR, 2024-2037F
Perfumes, Market Value (USD Thousand), and CAGR, 2024-2037F
Food Additives, Market Value (USD Thousand), and CAGR, 2024-2037F
Resins, Market Value (USD Thousand), and CAGR, 2024-2037F
Others, Market Value (USD Thousand), and CAGR, 2024-2037F
By End use Industry
Chemical Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
Pharmaceuticals, Market Value (USD Thousand), and CAGR, 2024-2037F
Food & Beverage, Market Value (USD Thousand), and CAGR, 2024-2037F
Automotive & Fuel Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
Cosmetics & Personal Care, Market Value (USD Thousand), and CAGR, 2024-2037F
Agriculture, Market Value (USD Thousand), and CAGR, 2024-2037F
Others, Market Value (USD Thousand), and CAGR, 2024-2037F
By Country
UK, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Germany, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
France, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Italy, Market Value (USD Million), Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​
Spain, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Russia, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
BENELUX, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Poland, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Rest of Europe, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Cross Analysis of End-Use Industry w.r.t. Source Type (USD Thousand), 2024-2037​
Asia Pacific Excluding Japan 2,3-Butanediol Market Outlook
Market Overview
Market Revenue by Value (USD Thousand), Volume (Tons), and Compound Annual Growth Rate (CAGR)
Asia Pacific Excluding Japan 2,3-Butanediol Market Segmentation Analysis (2024-2037)
By Source Type
Bio-Based 2,3 Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
Fossil Fuel-Derived 2,3-Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
By Purity Level
Up to 85%, Market Value (USD Thousand), and CAGR, 2024-2037F
>85% - 97%, Market Value (USD Thousand), and CAGR, 2024-2037F
>97%, Market Value (USD Thousand), and CAGR, 2024-2037F
By Route of Synthesis
Fermentation, Market Value (USD Thousand), and CAGR, 2024-2037F
Conventional, Market Value (USD Thousand), and CAGR, 2024-2037F
By Application
Fertilizers, Market Value (USD Thousand), and CAGR, 2024-2037F
Plasticizers, Market Value (USD Thousand), and CAGR, 2024-2037F
Polyurethanes, Market Value (USD Thousand), and CAGR, 2024-2037F
Printing Inks, Market Value (USD Thousand), and CAGR, 2024-2037F
Perfumes, Market Value (USD Thousand), and CAGR, 2024-2037F
Food Additives, Market Value (USD Thousand), and CAGR, 2024-2037F
Resins, Market Value (USD Thousand), and CAGR, 2024-2037F
Others, Market Value (USD Thousand), and CAGR, 2024-2037F
By End use Industry
Chemical Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
Pharmaceuticals, Market Value (USD Thousand), and CAGR, 2024-2037F
Food & Beverage, Market Value (USD Thousand), and CAGR, 2024-2037F
Automotive & Fuel Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
Cosmetics & Personal Care, Market Value (USD Thousand), and CAGR, 2024-2037F
Agriculture, Market Value (USD Thousand), and CAGR, 2024-2037F
Others, Market Value (USD Thousand), and CAGR, 2024-2037F
By Country
China, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
India, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
South Korea, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Australia, Market Value (USD Million), Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​
Indonesia, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Malaysia, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Vietnam, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Thailand, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Singapore, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
New Zealand, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Rest of APEJ, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Japan 2,3-Butanediol Market Outlook
Market Overview
Market Revenue by Value (USD Thousand), Volume (Tons), and Compound Annual Growth Rate (CAGR)
Japan 2,3-Butanediol Market Segmentation Analysis (2024-2037)
By Source Type
Bio-Based 2,3 Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
Fossil Fuel-Derived 2,3-Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
By Purity Level
Up to 85%, Market Value (USD Thousand), and CAGR, 2024-2037F
>85% - 97%, Market Value (USD Thousand), and CAGR, 2024-2037F
>97%, Market Value (USD Thousand), and CAGR, 2024-2037F
By Route of Synthesis
Fermentation, Market Value (USD Thousand), and CAGR, 2024-2037F
Conventional, Market Value (USD Thousand), and CAGR, 2024-2037F
By Application
Fertilizers, Market Value (USD Thousand), and CAGR, 2024-2037F
Plasticizers, Market Value (USD Thousand), and CAGR, 2024-2037F
Polyurethanes, Market Value (USD Thousand), and CAGR, 2024-2037F
Printing Inks, Market Value (USD Thousand), and CAGR, 2024-2037F
Perfumes, Market Value (USD Thousand), and CAGR, 2024-2037F
Food Additives, Market Value (USD Thousand), and CAGR, 2024-2037F
Resins, Market Value (USD Thousand), and CAGR, 2024-2037F
Others, Market Value (USD Thousand), and CAGR, 2024-2037F
By End use Industry
Chemical Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
Pharmaceuticals, Market Value (USD Thousand), and CAGR, 2024-2037F
Food & Beverage, Market Value (USD Thousand), and CAGR, 2024-2037F
Automotive & Fuel Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
Cosmetics & Personal Care, Market Value (USD Thousand), and CAGR, 2024-2037F
Agriculture, Market Value (USD Thousand), and CAGR, 2024-2037F
Others, Market Value (USD Thousand), and CAGR, 2024-2037F
Cross Analysis of End-Use Industry w.r.t. Source Type (USD Thousand), 2024-2037​
Latin America 2,3-Butanediol Market Outlook
Market Overview
Market Revenue by Value (USD Thousand), Volume (Tons), and Compound Annual Growth Rate (CAGR)
Latin America 2,3-Butanediol Market Segmentation Analysis (2024-2037)
By Source Type
Bio-Based 2,3 Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
Fossil Fuel-Derived 2,3-Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
By Purity Level
Up to 85%, Market Value (USD Thousand), and CAGR, 2024-2037F
>85% - 97%, Market Value (USD Thousand), and CAGR, 2024-2037F
>97%, Market Value (USD Thousand), and CAGR, 2024-2037F
By Route of Synthesis
Fermentation, Market Value (USD Thousand), and CAGR, 2024-2037F
Conventional, Market Value (USD Thousand), and CAGR, 2024-2037F
By Application
Fertilizers, Market Value (USD Thousand), and CAGR, 2024-2037F
Plasticizers, Market Value (USD Thousand), and CAGR, 2024-2037F
Polyurethanes, Market Value (USD Thousand), and CAGR, 2024-2037F
Printing Inks, Market Value (USD Thousand), and CAGR, 2024-2037F
Perfumes, Market Value (USD Thousand), and CAGR, 2024-2037F
Food Additives, Market Value (USD Thousand), and CAGR, 2024-2037F
Resins, Market Value (USD Thousand), and CAGR, 2024-2037F
Others, Market Value (USD Thousand), and CAGR, 2024-2037F
By End use Industry
Chemical Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
Pharmaceuticals, Market Value (USD Thousand), and CAGR, 2024-2037F
Food & Beverage, Market Value (USD Thousand), and CAGR, 2024-2037F
Automotive & Fuel Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
Cosmetics & Personal Care, Market Value (USD Thousand), and CAGR, 2024-2037F
Agriculture, Market Value (USD Thousand), and CAGR, 2024-2037F
Others, Market Value (USD Thousand), and CAGR, 2024-2037F
By Country
Brazil, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Argentina, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Mexico, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Rest of Latin America, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​​ ​
Cross Analysis of End-Use Industry w.r.t. Source Type (USD Thousand), 2024-2037​
Middle East & Africa 2,3-Butanediol Market Outlook
Market Overview
Market Revenue by Value (USD Thousand), Volume (Tons), and Compound Annual Growth Rate (CAGR)
Middle East & Africa 2,3-Butanediol Market Segmentation Analysis (2024-2037)
By Source Type
Bio-Based 2,3 Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
Fossil Fuel-Derived 2,3-Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
By Purity Level
Up to 85%, Market Value (USD Thousand), and CAGR, 2024-2037F
>85% - 97%, Market Value (USD Thousand), and CAGR, 2024-2037F
>97%, Market Value (USD Thousand), and CAGR, 2024-2037F
By Route of Synthesis
Fermentation, Market Value (USD Thousand), and CAGR, 2024-2037F
Conventional, Market Value (USD Thousand), and CAGR, 2024-2037F
By Application
Fertilizers, Market Value (USD Thousand), and CAGR, 2024-2037F
Plasticizers, Market Value (USD Thousand), and CAGR, 2024-2037F
Polyurethanes, Market Value (USD Thousand), and CAGR, 2024-2037F
Printing Inks, Market Value (USD Thousand), and CAGR, 2024-2037F
Perfumes, Market Value (USD Thousand), and CAGR, 2024-2037F
Food Additives, Market Value (USD Thousand), and CAGR, 2024-2037F
Resins, Market Value (USD Thousand), and CAGR, 2024-2037F
Others, Market Value (USD Thousand), and CAGR, 2024-2037F
By End use Industry
Chemical Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
Pharmaceuticals, Market Value (USD Thousand), and CAGR, 2024-2037F
Food & Beverage, Market Value (USD Thousand), and CAGR, 2024-2037F
Automotive & Fuel Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
Cosmetics & Personal Care, Market Value (USD Thousand), and CAGR, 2024-2037F
Agriculture, Market Value (USD Thousand), and CAGR, 2024-2037F
Others, Market Value (USD Thousand), and CAGR, 2024-2037F
By Country
GCC, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​
Israel, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​
South Africa, Market Value (USD Million), Volume (Tons) CAGR & Y-o-Y Growth Trend, 2024-2037F
Rest of Middle East & Africa, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F​
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