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Europe Gamma Butyrolactone Market – Industry Trends and Forecast to 2030

Chemical and Materials

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Europe Gamma Butyrolactone Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Published Report
  • Jan 2023
  • Europe
  • 350 Pages
  • No of Tables: 89
  • No of Figures: 26

Europe Gamma Butyrolactone Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2030
Diagram Market Size (Base Year) USD MILLION
Diagram Market Size (Forecast Year) USD 186,204.61
Diagram CAGR %

Major Markets Players

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Europe Gamma Butyrolactone Market, By Grade (Industrial Class (5 Wt. %), Electric Capacitance Class (9 Wt. %) and Common Class (8 Wt. %), Purity (Min. 99.9% and Min. 99.7%), Application (Solvent, Casting Binder, Herbicides and Insecticides, Batteries and Capacitors, Paint Strippers, Polish Removers, Anesthetic, Sedative and Others), End-Use (Pharmaceutical Industry, Electrical Industry, Agrochemical Industry, Petroleum Industry, Food Industry and Others) - Industry Trends and Forecast to 2030.

Europe Gamma Butyrolactone Market

Europe Gamma Butyrolactone Market Analysis and Insights

Europe gamma butyrolactone market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing at a CAGR of 2.8% in the forecast period of 2023 to 2030 and is expected to reach USD 186,204.61 thousand by 2030.

Europe Gamma Butyrolactone Market

Europe Gamma Butyrolactone Market

The major factor driving the growth of gamma butyrolactone is the rising demand from the growing application of derived chemical products expected to drive the market growth.

The Europe gamma butyrolactone market report provides details of market share, new developments and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue-impact solution to achieve your desired goal.

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customisable to 2020-2015)

Quantitative Units

Revenue in USD Thousand

Segments Covered

By Grade (Industrial Class (5 Wt. %), Electric Capacitance Class (9 Wt. %) and Common Class (8 Wt. %)), Purity (Min. 99.9% and Min. 99.7%), Application (Solvent, Casting Binder, Herbicides and Insecticides, Batteries and Capacitors, Paint Strippers, Polish Removers, Anesthetic, Sedative and Others), End-Use (Pharmaceutical Industry, Electrical Industry, Agrochemical Industry, Petroleum Industry, Food Industry and Others)

Countries Covered

U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Luxemburg, Netherlands, Rest of Europe

Market Players Covered

BASF SE, Ashland, Boai NKY Pharmaceuticals Ltd., Mitsubishi Chemical Corporation, and BALAJI AMINES among others

Market Definition

Gamma butyrolactone is a hygroscopic liquid with a ketone-like odor and a colorless, greasy and transparent appearance. It is also used as a precursor in manufacturing a number of chemical compounds. GBL is employed as an aesthetic and pacifier in the pharmaceutical business and for the production of interferon and ciprofloxacin.

Europe Gamma Butyrolactone Market Dynamics

Drivers

  • Growing application of derived chemical products

Chemicals play an important role in every aspect of day-to-day life. Everything around the world consists of chemicals. To manufacture such useful chemicals, raw materials are required. Every chemical has its different raw materials and chemical intermediates. The daily use products such as medicines, food items, cosmetics, personal care products, paints, fuels, electronics and many more are made up of chemical compounds, which are derived from one or more chemical raw materials. Favorable frameworks, an increase in foreign direct investment in developing economies, increased demand from consumers and strong competition among manufacturers of chemicals products are the driving forces behind the market growth of chemical products.

  • Application in a wide range of industries

The growing economy, rise in the transportation sector and growth in infrastructure are a few of the crucial variables which have led to the growth of the petroleum industry. Gamma butyrolactone is one of the useful chemicals which is employed as an extractant in the processing of butadiene, aromatic and advanced grease petroleum. Other than the petroleum based industry, gamma butyrolactone is used in agrochemicals industries. Agrochemical products play an important role in increasing agricultural yields. Utilizing agrochemicals improves crop productivity, plant health and controls plant disease. Such agrochemicals are classified into herbicides, nematicides, fungicides, pesticides and soil conditioners. The chemical is used to produce organic agrochemicals such as herbicides, nematocides and pesticides. Along with it, gamma butyrolactone serves as a plant growth regulator and stabilizer for pesticides containing phosphorus and chlorohydrocarbons. Thus the high population, increasing food demand and awareness among farmers regarding the benefits of agrochemicals are the factor that leads to the agrochemical industry growth, thus driving the Europe gamma butyrolactone market.

Opportunities

  • Rise in demand for electric vehicles

Since there is a greater demand for electric vehicles globally, there are more of them on the road today and this trend will only continue. The need for electric vehicles has risen in the last several years due to greater public awareness of the need to reduce greenhouse gas emissions, the high cost of fuel and technological advancements. Electric vehicles available in the market are electric cars, buses, tractors, scooters, bikes, bicycles, personal transporters and many more. Such different types of electric vehicles attract consumers from different work areas, thus increasing demand and sales of electric vehicles.

  • Increase in usage of organic agrochemicals

The machine or engines which is installed in the plants or automotive industry are done for a longer duration but are used on a regular basis, due to which the wear and tear of parts are more inside the engine. The seals products which are installed with the machine have to work under different pressure and temperature, which increases the wear and tear of the seals products. Several types of lubricants are used in the machinery, which involve different chemical compositions, which sometimes also affect the composition of sealing products.

Restraints/Challenges

  • Serious health effects and safety concerns

Gamma butyrolactone is a well-known chemical having a wide range of applications. The chemical found its application in various industries such as pharmaceuticals, petroleum, agrochemicals, cosmetics and personal care products. It is also used as an intermediate in the production of various chemicals, such as polyvinylpyrrolidone, phenyl butyric acid and DL-methionine. Along with it, the chemical is used as a solvent for cellulose acetate, methyl methacrylate and other polymers.

Recent Developments

  • According to the My Chemical Monitoring, the Australian Department of Health's delegate announces the plan to limit the use of gamma butyrolactone in cosmetics and other items

Europe Gamma Butyrolactone Market Scope and Market Size

The Europe gamma butyrolactone market is categorized into grade, application, purity and end-use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Grade

  • Industrial Class (5 Wt. %)
  • Common Class (8 Wt.%)
  • Electric Capacitance Class (9 Wt.%)

On the basis of grade, the market is segmented into industrial class (5 wt. %), common class (8 wt. %) and electric capacitance class (9 wt. %)

Purity

  • Min. 99.9%
  • Min. 99.7%

On the basis of purity, the market is segmented into min. 99.7% and min. 99.9%.

Application

  • Solvent
  • Casting Binder
  • Herbicides and Insecticides
  • Batteries and Capacitors
  • Paint Strippers
  • Polish Removers
  • Anesthetic
  • Sedative
  • Others

On the basis of application, the market is segmented into solvent, casting binder, herbicides and insecticides, batteries and capacitors, paint strippers, polish removers, anesthetic, sedative and others.

End Use

  • Pharmaceutical Industry
  • Electrical Industry
  • Agrochemical Industry
  • Petroleum Industry
  • Food Industry
  • Others

On the basis of end use, the market is segmented into the pharmaceutical industry, electrical industry, agrochemical industry, petroleum industry, food industry and others.

Europe Gamma Butyrolactone Market Regional/Country Level Analysis

The Europe gamma butyrolactone market is analyzed and market size information is provided by country, grade, purity, application and end-use, as referenced above.

The countries covered in Europe gamma butyrolactone market are U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Luxemburg, Netherlands, Rest of Europe.

France in Europe gamma butyrolactone market is expected to dominate the market due to the rise in demand for electric vehicles, and an increase in the usage of organic agrochemicals is expected to provide opportunities in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and Europe Gamma Butyrolactone Market Share Analysis

Europe gamma butyrolactone market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the Europe gamma butyrolactone market.

Some of the major players in the Europe gamma butyrolactone market are BASF SE, Ashland, Boai NKY Pharmaceuticals Ltd., Mitsubishi Chemical Corporation, and BALAJI AMINES among others.


SKU-

TABLE 1 IMPORT DATA OF LACTONES; HS CODE – 293220 (USD THOUSAND)

TABLE 2 EXPORT DATA OF LACTONES; HS CODE – 293220 (USD THOUSAND)

TABLE 3 EUROPE GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (USD THOUSAND)

TABLE 4 EUROPE GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (TONS)

TABLE 5 EUROPE INDUSTRIAL CLASS (5 WT.%) IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 6 EUROPE INDUSTRIAL CLASS (5 WT.%) IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (TONS)

TABLE 7 EUROPE ELECTRIC CAPACITANCE CLASS (9 WT.%) IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 8 EUROPE ELECTRIC CAPACITANCE CLASS (9 WT.%) IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (TONS)

TABLE 9 EUROPE COMMON CLASS (8 WT.%) IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 10 EUROPE COMMON CLASS (8 WT.%) IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (TONS)

TABLE 11 EUROPE GAMMA BUTYROLACTONE MARKET, BY PURITY, 2017-2030 (USD THOUSAND)

TABLE 12 EUROPE MIN. 99.9% IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 13 EUROPE MIN. 99.7% IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 14 EUROPE GAMMA BUTYROLACTONE MARKET, BY APPLICATION, 2017-2030 (USD THOUSAND)

TABLE 15 EUROPE SOLVENT IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 16 EUROPE CASTING BINDER IN EUROPE GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 17 EUROPE HERBICIDES AND INSECTICIDES IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 18 EUROPE BATTERIES AND CAPACITORS IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 19 EUROPE PAINT STRIPPERS IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 20 EUROPE POLISH REMOVERS IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 21 EUROPE ANESTHETIC IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 22 EUROPE SEDATIVE IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 23 EUROPE OTHERS IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 24 EUROPE GAMMA BUTYROLACTONE MARKET, BY END-USE, 2017-2030 (USD THOUSAND)

TABLE 25 EUROPE PHARMACEUTICAL INDUSTRY IN EUROPE GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 26 EUROPE ELECTRICAL INDUSTRY IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 27 EUROPE AGROCHEMICAL INDUSTRY IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 28 EUROPE PETROLEUM INDUSTRY IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 29 EUROPE FOOD INDUSTRY IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 30 EUROPE OTHERS IN GAMMA BUTYROLACTONE MARKET, BY REGION, 2017-2030 (USD THOUSAND)

TABLE 31 EUROPE GAMMA BUTYROLACTONE MARKET, BY COUNTRY, 2017-2030 (USD THOUSAND)

TABLE 32 EUROPE GAMMA BUTYROLACTONE MARKET, BY COUNTRY, 2017-2030 (TONS)

TABLE 33 EUROPE GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (USD THOUSAND)

TABLE 34 EUROPE GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (TONS)

TABLE 35 EUROPE GAMMA BUTYROLACTONE MARKET, BY PURITY, 2017-2030 (USD THOUSAND)

TABLE 36 EUROPE GAMMA BUTYROLACTONE MARKET, BY APPLICATION, 2017-2030 (USD THOUSAND)

TABLE 37 EUROPE GAMMA BUTYROLACTONE MARKET, BY END-USE, 2017-2030 (USD THOUSAND)

TABLE 38 FRANCE GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (USD THOUSAND)

TABLE 39 FRANCE GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (TONS)

TABLE 40 FRANCE GAMMA BUTYROLACTONE MARKET, BY PURITY, 2017-2030 (USD THOUSAND)

TABLE 41 FRANCE GAMMA BUTYROLACTONE MARKET, BY APPLICATION, 2017-2030 (USD THOUSAND)

TABLE 42 FRANCE GAMMA BUTYROLACTONE MARKET, BY END-USE, 2017-2030 (USD THOUSAND)

TABLE 43 GERMANY GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (USD THOUSAND)

TABLE 44 GERMANY GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (TONS)

TABLE 45 GERMANY GAMMA BUTYROLACTONE MARKET, BY PURITY, 2017-2030 (USD THOUSAND)

TABLE 46 GERMANY GAMMA BUTYROLACTONE MARKET, BY APPLICATION, 2017-2030 (USD THOUSAND)

TABLE 47 GERMANY GAMMA BUTYROLACTONE MARKET, BY END-USE, 2017-2030 (USD THOUSAND)

TABLE 48 U.K. GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (USD THOUSAND)

TABLE 49 U.K. GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (TONS)

TABLE 50 U.K. GAMMA BUTYROLACTONE MARKET, BY PURITY, 2017-2030 (USD THOUSAND)

TABLE 51 U.K. GAMMA BUTYROLACTONE MARKET, BY APPLICATION, 2017-2030 (USD THOUSAND)

TABLE 52 U.K. GAMMA BUTYROLACTONE MARKET, BY END-USE, 2017-2030 (USD THOUSAND)

TABLE 53 ITALY GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (USD THOUSAND)

TABLE 54 ITALY GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (TONS)

TABLE 55 ITALY GAMMA BUTYROLACTONE MARKET, BY PURITY, 2017-2030 (USD THOUSAND)

TABLE 56 ITALY GAMMA BUTYROLACTONE MARKET, BY APPLICATION, 2017-2030 (USD THOUSAND)

TABLE 57 ITALY GAMMA BUTYROLACTONE MARKET, BY END-USE, 2017-2030 (USD THOUSAND)

TABLE 58 TURKEY GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (USD THOUSAND)

TABLE 59 TURKEY GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (TONS)

TABLE 60 TURKEY GAMMA BUTYROLACTONE MARKET, BY PURITY, 2017-2030 (USD THOUSAND)

TABLE 61 TURKEY GAMMA BUTYROLACTONE MARKET, BY APPLICATION, 2017-2030 (USD THOUSAND)

TABLE 62 TURKEY GAMMA BUTYROLACTONE MARKET, BY END-USE, 2017-2030 (USD THOUSAND)

TABLE 63 BELGIUM GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (USD THOUSAND)

TABLE 64 BELGIUM GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (TONS)

TABLE 65 BELGIUM GAMMA BUTYROLACTONE MARKET, BY PURITY, 2017-2030 (USD THOUSAND)

TABLE 66 BELGIUM GAMMA BUTYROLACTONE MARKET, BY APPLICATION, 2017-2030 (USD THOUSAND)

TABLE 67 BELGIUM GAMMA BUTYROLACTONE MARKET, BY END-USE, 2017-2030 (USD THOUSAND)

TABLE 68 SPAIN GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (USD THOUSAND)

TABLE 69 SPAIN GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (TONS)

TABLE 70 SPAIN GAMMA BUTYROLACTONE MARKET, BY PURITY, 2017-2030 (USD THOUSAND)

TABLE 71 SPAIN GAMMA BUTYROLACTONE MARKET, BY APPLICATION, 2017-2030 (USD THOUSAND)

TABLE 72 SPAIN GAMMA BUTYROLACTONE MARKET, BY END-USE, 2017-2030 (USD THOUSAND)

TABLE 73 RUSSIA GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (USD THOUSAND)

TABLE 74 RUSSIA GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (TONS)

TABLE 75 RUSSIA GAMMA BUTYROLACTONE MARKET, BY PURITY, 2017-2030 (USD THOUSAND)

TABLE 76 RUSSIA GAMMA BUTYROLACTONE MARKET, BY APPLICATION, 2017-2030 (USD THOUSAND)

TABLE 77 RUSSIA GAMMA BUTYROLACTONE MARKET, BY END-USE, 2017-2030 (USD THOUSAND)

TABLE 78 SWITZERLAND GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (USD THOUSAND)

TABLE 79 SWITZERLAND GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (TONS)

TABLE 80 SWITZERLAND GAMMA BUTYROLACTONE MARKET, BY PURITY, 2017-2030 (USD THOUSAND)

TABLE 81 SWITZERLAND GAMMA BUTYROLACTONE MARKET, BY APPLICATION, 2017-2030 (USD THOUSAND)

TABLE 82 SWITZERLAND GAMMA BUTYROLACTONE MARKET, BY END-USE, 2017-2030 (USD THOUSAND)

TABLE 83 NETHERLANDS GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (USD THOUSAND)

TABLE 84 NETHERLANDS GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (TONS)

TABLE 85 NETHERLANDS GAMMA BUTYROLACTONE MARKET, BY PURITY, 2017-2030 (USD THOUSAND)

TABLE 86 NETHERLANDS GAMMA BUTYROLACTONE MARKET, BY APPLICATION, 2017-2030 (USD THOUSAND)

TABLE 87 NETHERLANDS GAMMA BUTYROLACTONE MARKET, BY END-USE, 2017-2030 (USD THOUSAND)

TABLE 88 REST OF EUROPE GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (USD THOUSAND)

TABLE 89 REST OF EUROPE GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (TONS)

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FREQUENTLY ASK QUESTIONS

The Europe gamma butyrolactone market size will be worth USD 186,204.61 thousand by the year 2030.
The growth rate of the Europe gamma butyrolactone market is 2.8%.
Growing application of derived chemical products & application in a wide range of industries are the growth drivers of the Europe gamma butyrolactone market.
Grade, application, purity and end-use are the factors on which the Europe gamma butyrolactone market research is based.
Major companies in the Europe gamma butyrolactone market are BASF SE, Ashland, Boai NKY Pharmaceuticals Ltd., Mitsubishi Chemical Corporation, and BALAJI AMINES among others.
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