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North-America Gamma Butyrolactone Market – Industry Trends and Forecast to 2030

Chemical and Materials

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North-America Gamma Butyrolactone Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Published Report
  • Jan 2023
  • North America
  • 350 Pages
  • No of Tables: 52
  • No of Figures: 26

North-America 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 0.00
Diagram Market Size (Forecast Year) USD 0.00
Diagram CAGR %

North-America 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.

North-America Gamma Butyrolactone Market

North-America Gamma Butyrolactone Market Analysis and Insights

The North-America gamma butyrolactone market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 2.6% in the forecast period of 2023 to 2030 and is expected to reach USD  144,184.83 thousand by 2030.  

North-America Gamma Butyrolactone Market

North-America 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 North America 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.S., Canada, and Mexico

Market Players Covered

Zhejiang Realsun Chemical Co.,Ltd., Biosynth, BYN Chemical Co., Ltd, BASF SE, Ashland, 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.

North America 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 North America 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

North America Gamma Butyrolactone Market Scope and Market Size

The North America 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.

North America Gamma Butyrolactone Market Regional/Country Level Analysis

The North America 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 North America gamma butyrolactone market are U.S., Canada, and Mexico.

The U.S. is expected to lead the North America gamma butyrolactone market due to the rise in demand for organic agrochemicals.

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, and the impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and North America Gamma Butyrolactone Market Share Analysis

North America 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, North America 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 North America gamma butyrolactone market.

Some of the major players covered in the North America gamma butyrolactone market are Zhejiang Realsun Chemical Co.,Ltd., Biosynth, BYN Chemical Co., Ltd, BASF SE, Ashland, 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 NORTH AMERICA GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (USD THOUSAND)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

TABLE 38 U.S. GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (USD THOUSAND)

TABLE 39 U.S. GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (TONS)

TABLE 40 U.S. GAMMA BUTYROLACTONE MARKET, BY PURITY, 2017-2030 (USD THOUSAND)

TABLE 41 U.S. GAMMA BUTYROLACTONE MARKET, BY APPLICATION, 2017-2030 (USD THOUSAND)

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

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

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

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

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

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

TABLE 48 MEXICO GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (USD THOUSAND)

TABLE 49 MEXICO GAMMA BUTYROLACTONE MARKET, BY GRADE, 2017-2030 (TONS)

TABLE 50 MEXICO GAMMA BUTYROLACTONE MARKET, BY PURITY, 2017-2030 (USD THOUSAND)

TABLE 51 MEXICO GAMMA BUTYROLACTONE MARKET, BY APPLICATION, 2017-2030 (USD THOUSAND)

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

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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The North-America Gamma Butyrolactone Market size will be worth USD 144,184.83 thousand by 2030.
The North-America Gamma Butyrolactone Market growth rate is 2.6% by 2030.
The Growing application of derived chemical products and Application in a wide range of industries are the growth drivers of the North-America Gamma Butyrolactone Market.
The grade, application, purity and end-use are the factors on which the North-America Gamma Butyrolactone Market research is based.
The major companies in the North-America Gamma Butyrolactone Market are Zhejiang Realsun Chemical Co.,Ltd., Biosynth, BYN Chemical Co., Ltd, BASF SE, Ashland, Mitsubishi Chemical Corporation., and BALAJI AMINES.
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