Title: Gamma butyrolactone Market Study Provides Latest Intelligence on Growth in 2024 and Beyond
Global Gamma butyrolactone supply-demand continues to be impacted by broader developments in the chemicals sector. The new Gamma butyrolactone market research report outlines the key factors that will impact production, supply, and demand during the assessment period (2019-2029).
The study tracks Gamma butyrolactone demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and Gamma butyrolactone in particular.
How will Gamma butyrolactoneSales Grow in 2024 and Beyond
The Gamma butyrolactone industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.
Overall, demand for Gamma butyrolactone will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2024 with sales expected to be in the range of 15.5 million to 16 million.
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Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.
The European chemical sector is also set to recover in 2024, after contracting by 2% in 2024. Recovery is likely to be sustained with a growth of 2% also expected in 2024.
Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2024, but other economies in the region continue to be on the path to recovery.
The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
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
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Competitive Landscape
The Fact.MR study profiles the business, product and other key strategies of the leading Gamma butyrolactone companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use. Some of the leading companies in the Gamma butyrolactone market include (BASF, Boai NKY, Realsun Chemical, Changxin Chemical, Mitsubishi Chemical, Ruian Chemical, Ashland, LyondellBasell, Puyang Guangming Chemicals)
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The Gamma butyrolactone (GBL) Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Russia, Eastern Europe)
- East Asia (China, Japan, South Korea)
- South Asia ( India, Thailand, Indonesia, Malaysia, Others)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, North Africa, South Africa)
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