Gamma Butyrolactone Market Set To Create Incremental Opportunity Of US$ 90.5 Mn By 2031

Gamma-Butyrolactone Market Forecast and CAGR

Gamma-Butyrolactone is a hygroscopic liquid that has an odour similar to a ketone and is colourless, greasy, and transparent. It also acts as a precursor involved in the production of a variety of chemical products.

In the pharmaceutical industry, GBL is used as an an aesthetic and pacifier, as well as for producing interferon and ciprofloxacin. The global business is set to create incremental $ opportunity of more than US$ 90.5 Mn by 2031.

What is Driving Demand of Market?

Tetrahydrofuran, the principal derivate of gamma-butyrolactone, consume more than half of all gamma-butyrolactone produced globally.

GBL is also used as a precursor in producing herbicides, as a plant growth regulator. It is also used for the manufacturing of rubber, cosmetics and has its uses in dye industry as well.

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Gamma butyrolactone (GBL) Market: Segments

On the basis of purity, the gamma butyrolactone (GBL) can be segmented as:

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

On the basis of applications, the gamma butyrolactone (GBL) market can be segmented into:

  • Agrochemical industry
  • Electrical industry
  • Food industry
  • Pharmaceutical industry
  • Petroleum industry
  • Others

On the basis of geographic regions, the gamma butyrolactone (GBL) market can be classified into:

  • North America
  • East Asia
  • South East Asia
  • Europe
  • Oceania
  • Middle East & Africa 

After reading the Gamma butyrolactone (GBL) market report, readers can:

  • Understand the drivers, restraints, opportunities and trends affecting the growth of the global  market.
  • Analyze key regions holding significant share of the total market revenue.
  • Study the growth outlook of the global market scenario, including production, consumption, history and forecast.
  • Learn consumption pattern and impact of each end use on the market growth.
  • Investigate the recent R&D projects performed by each market player

What are the Key Factor Driving the Sales of GBL on the Basis of Purity Segment?

Industrial grade gamma-butyrolactone various application in different industries which includes the textile industry in which it is used as a fiber spinning solvent and anti-static reagent.

It also acts as an antioxidant in the resin industry as well as it also used in the preparation of medicines to absorb alkyne.

Sales for the product has witnessed a significant impact due to COVID-19. As the industries remained shut down, the demand for the product witnessed a dip from various industries. However the demand for GBL remained constant from healthcare sector.


Who are the Key Suppliers/Manufacturers?

The market is characterized by a mix of small and large players which includes

  • BASF
  • Boai NKY
  • Realsun Chemical
  • Binzhou Yuneng Chemical
  • Lutianhua Group
  • Xuchang Ruida Biology Technology
  • Jinlong Chemical
  • Changxin Chemical
  • Mitsubishi Chemical
  • Ruian Chemical
  • Ashland
  • LyondellBasell
  • Puyang Guangming Chemicals
  • Dairen Chemical

China Market Outlook

China, as the world’s leading manufacturer and has a wide market in the region. Due to the expansion in the pharmaceutical, and agrochemical industry in the country, the demand is expected to rise owing to the increase in the consumption.

North America Demand Outlook

In terms of regional growth, the production in the North America is likely to increase at steady rate.

With the rise in the demand of the petroleum industry in the region, the sale will propel at promising rate as gamma butyrolactone acts as an extracting agent in the petroleum industry.

The development of abundant oil and unconventional natural gas resources creates an historic opportunity to enhance economic growth in North America.

Competitive landscape

  • Strategies of key players and Products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics of the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
  • Must-have information for market players to sustain and enhance their market footprint

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