Analysis of Potential Impact of COVID-19 on 2,3-Butanediol Market

2,3-Butanediol Market

Plastic Films: Hero or Villain in Killing COVID-19?

Plastics are under scrutiny for spreading the novel coronavirus (COVID-19). Manufacturers are increasing their research efforts to develop plastic materials capable of killing the coronavirus. For instance, Symphony Environmental Technologies Plc.- a specialist in anti-microbial plastic technologies has announced positive antiviral test results validated by the Eurofins Laboratories for its polyolefin film. Thus, companies in the 2,3-Butanediol market should take cues from such companies to develop plastic that kills COVID-19. As such, 2,3-Butanediol manufacturers have a vast product portfolio of plasticizers and polyester products.

Manufacturers operating in the 2,3-Butanediol market are increasing efforts to meet the ISO (International Organization for Standardization) standard for the development of plastic films capable of rendering the COVID-19 pathogen harmless. They are conducting several quality control checks to innovate in plastic films. Such films cater to positive development in the field of plastics that hold promising potentials in providing an extra level of protection in end-use products.

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Production of Synthetic Rubber and Renewable Resources Fuels Market Growth

2,3-Butanediol is an emerging material, which is being used in the production of renewable resources. This organic compound holds promising potentials in various industrial applications, such as in the production of rubber, food additives, and cosmetics. Companies in the 2,3-Butanediol market are broadening their revenue streams by increasing the production of plasticizers, softening agents, derivatives, and drugs, among others. The market is expected to reach a value of ~US$ 300 Mn by the end of 2030.

There is a growing demand for starting materials that deploy chemical conversions. This has fueled the demand for 2,3-Butanediol isomer. Manufacturers in the 2,3-Butanediol market are targeting the use of isomer in the production of methyl ethyl ketone (MEK). As such, MEK is being used as a liquid fuel-additive to produce synthetic rubber where the latter is a major building block in the chemical industry.

Eco-friendly Fermentation Processes Enable Manufacturers Gain Global Recognition

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2,3-Butanediol is gaining popularity as a non-toxic and eco-friendly material, which can be used in various agricultural applications. The South Korean oil refiner GS Caltex, has achieved successful commercialization of 2,3-Butanediol being produced using eco-friendly fermentation methods. Companies in the 2,3-Butanediol market that are producing the isomer using eco-friendly fermentation process sans chemical synthesis, are gaining recognition in the global market landscape. They are tapping into value-grab opportunities through the production of fertilizers, biostimulants, and crop protection products.

The cost efficiency of 2,3-Butanediol is being realized by fertilizer manufacturers, as this organic compound is readily available in soil, animals, and food. Thus, manufacturers in the 2,3-Butanediol market are enhancing their credibility credentials by adopting eco-friendly fermentation of the isomer, which results in preserving the natural ecosystem. Fermented and natural foods such as wine, honey, and raspberry are natural sources of 2,3-Butanediol.

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Fertilizers with 2,3-Butanediol promotes growth in crops and yield better volumes. There is a rising awareness about these fertilizers to achieve plant disease control, owing to its advantageous attributes of non-toxicity and the use of eco-friendly materials. The use of chemical pesticides is limited during the harvest of crops as a result of residual toxicity issues. Manufacturers in the 2,3-Butanediol market are solving these issues by increasing the availability of 2,3-Butanediol-induced pesticides.

In-house Bioengineering Technological Solutions Deploy Innovations in Cosmetic Products

2,3-Butanediol is being highly publicized as a natural and eco-friendly polyol easily found in fermented food and living organisms such as bees and fish. This next-gen polyol is emerging as a suggestive alternative to synthetic chemicals in the production of polyester and cosmetics. Manufacturers in the 2,3-Butanediol market are increasing their R&D efforts to include superior moisturizing and preservative-boosting effects in polyols. The excellent dispersing effects of 2,3-Butanediol are acquiring prominence in the production of cosmetics and personal care products.

Active ingredients such as Vitamin C in cosmetics and personal care products have high dispersing effects due to the presence of 2,3-Butanediol in products that deliver excellent skin penetration. As such, companies in the 2,3-Butanediol market are establishing stable revenue streams in pharmaceutical and agriculture sectors. Leading manufacturers are establishing in-house bioengineering technological solutions in order to innovate in cosmetics and personal care products.

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