South Korea Gamma Butyrolactone Market to 2032
Overview
The South Korea Gamma Butyrolactone Market is expected to reach a 72.12 USD Million by 2032 and is projected to grow at a CAGR of 5.19% from 2025 to 2032.
Revenue, 2024 (USD Million)
55.99
Forecast, 2032 (USD Million)
72.12
CAGR, 2024 - 2032
5.19%
Report Coverage
South Korea
South Korea Gamma Butyrolactone Market 2018-2032 USD Million
South Korea Gamma Butyrolactone Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 55.99 USD Million
- Projected Market Size (2032): 72.12 USD Million
- CAGR (2025-2032): 5.19%
Key Findings of South Korea Gamma Butyrolactone Market
- The South Korea Gamma Butyrolactone Market was valued at 55.99 USD Million in 2024.
- The South Korea Gamma Butyrolactone Market is likely to grow at a CAGR of 5.19% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Min. 99.9% in Purity Segment accounted for the largest share of the market with a revenue of 28.84 USD Million
- The fastest growing segment Batteries and Capacitors in Application Segment grew Fastest with a CAGR of 6.46% during the forecast period from 2024 to 2032.
South Korea Gamma Butyrolactone Market Scope
South Korea Gamma Butyrolactone Market Segmentation & Scope
Application
- Others
- Sedative
- Anesthetic
- Polish Removers
- Paint Strippers
- Batteries and Capacitors
- Herbicides and Insecticides
- Casting Binder
- Solvent
Purity
- Min. 99.7%
- Min. 99.9%
Grade
- Common Class (8 Wt. %)
- Electric Capacitance Class (9 Wt. %)
- Industrial Class (5 Wt. %)
End-Use
- Others
- Food Industry
- Petroleum Industry
- Agrochemical Industry
- Electrical Industry
- Pharmaceutical Industry
South Korea Gamma Butyrolactone Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2017 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 55.99 USD Million |
| Market Value in 2032 | 72.12 USD Million |
| CAGR (2025-2032) | 5.19% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Purity,Grade,End-Use |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 55.99 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 55.99 USD Million in 2024.
Segments and Scope
-
South Korea Gamma Butyrolactone Market to 2032, By Application
- Solvent is the largest segment in South Korea Gamma Butyrolactone Market to 2032 with a revenue of 25.76 USD Million in the year 2024.
- Batteries and Capacitors is the Fastest growing segment in South Korea Gamma Butyrolactone Market to 2032 with a Growth rate of 5.42 % in forecast period 2025-2032.
-
South Korea Gamma Butyrolactone Market to 2032, By Purity
- Min. 99.9% is the largest segment in South Korea Gamma Butyrolactone Market to 2032 with a revenue of 28.84 USD Million in the year 2024.
- Min. 99.9% is the Fastest growing segment in South Korea Gamma Butyrolactone Market to 2032 with a Growth rate of 5.59 % in forecast period 2025-2032.
-
South Korea Gamma Butyrolactone Market to 2032, By Grade
- Industrial Class (5 Wt. %) is the largest segment in South Korea Gamma Butyrolactone Market to 2032 with a revenue of 27.50 USD Million in the year 2024.
- Electric Capacitance Class (9 Wt. %) is the Fastest growing segment in South Korea Gamma Butyrolactone Market to 2032 with a Growth rate of 4.59 % in forecast period 2025-2032.
-
South Korea Gamma Butyrolactone Market to 2032, By End-Use
- Pharmaceutical Industry is the largest segment in South Korea Gamma Butyrolactone Market to 2032 with a revenue of 16.32 USD Million in the year 2024.
- Electrical Industry is the Fastest growing segment in South Korea Gamma Butyrolactone Market to 2032 with a Growth rate of 4.84 % in forecast period 2025-2032.
South Korea Gamma Butyrolactone Market Company Share Analysis
| Company Name |
|
||
| BASF SE | |||
| Ashland | |||
| BALAJI AMINES | |||
| Sipchem Company | |||
South Korea Gamma Butyrolactone Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Gamma Butyrolactone Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Gamma Butyrolactone Market is segmented based on Segmentation Application,Purity,Grade,End-Use.
South Korea Gamma Butyrolactone Market was valued at USD 55.99(Revenue in USD Million) in 2017.
South Korea Gamma Butyrolactone Market is projected to grow at a CAGR of 5.19% during the forecast period of 2024 to 2032.
The Min. 99.9% segment is expected to dominate the South Korea Gamma Butyrolactone Market, holding a largest market share of 28.84 USD Million in 2024
South Korea Gamma Butyrolactone Market Scope
South Korea Gamma Butyrolactone Market Segmentation & Scope
Application
- Others
- Sedative
- Anesthetic
- Polish Removers
- Paint Strippers
- Batteries and Capacitors
- Herbicides and Insecticides
- Casting Binder
- Solvent
Purity
- Min. 99.7%
- Min. 99.9%
Grade
- Common Class (8 Wt. %)
- Electric Capacitance Class (9 Wt. %)
- Industrial Class (5 Wt. %)
End-Use
- Others
- Food Industry
- Petroleum Industry
- Agrochemical Industry
- Electrical Industry
- Pharmaceutical Industry
Frequently Asked Questions
The South Korea Gamma Butyrolactone Market is segmented based on Segmentation Application,Purity,Grade,End-Use.
South Korea Gamma Butyrolactone Market was valued at USD 55.99(Revenue in USD Million) in 2017.
South Korea Gamma Butyrolactone Market is projected to grow at a CAGR of 5.19% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Gamma Butyrolactone Market for final year is USD 72.12 (USD Million).
South Korea Gamma Butyrolactone Market Company Profiling
Frequently Asked Questions
The South Korea Gamma Butyrolactone Market is segmented based on Segmentation Application,Purity,Grade,End-Use.
South Korea Gamma Butyrolactone Market was valued at USD 55.99(Revenue in USD Million) in 2017.
South Korea Gamma Butyrolactone Market is projected to grow at a CAGR of 5.19% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Gamma Butyrolactone Market for final year is USD 72.12 (USD Million).
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