Transparency Market Research in its new report titled, “Agriculture Tractor Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” provides key insights on the 2,3-Butanediol market. The upcoming report anticipates that the rise in the consumption of plastic to augment the 2,3-Butanediol market during the forecast period.
2,3-Butanediol is an isomer of butanediol. It is produced by using a process called butanediol fermentation, which involves indulging of a variety of microorganisms such as Enterobacter species or microbes found in the gut. This process is anaerobic fermentation of glucose, which yields 2,3-butanediol as one of the end-products. On consumption by humans, 2,3-Butanediol is oxidized into acetyl-CoA via acetoin. Naturally, 2,3-butanediol is found in cocoa butter. It is primarily used in food additives and ingredients, as a flavoring agent. It is also employed in pharmacology. It is also extensively used in biochemical research activities to study biological effects on mice.
The report has segmented the 2,3-Butanediol market on the basis of application and geography. In terms of application, the 2,3-butanediol market is split into plastics, food additives, and bio-pesticides. 2,3-Butanediol is currently available as a laboratory chemical and is being sold as a small-volume intermediate for certain niche applications such as food flavoring additives. 2,3-Butanediol was earlier used as a feedstock to manufacture butadiene for synthetic rubber. However, it has now been abandoned, favoring the use of a more cost-effective option of naphtha-based butanediol.
On the basis of regional perspective, the global 2,3-butanediol market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, Asia Pacific held a major share of the global 2,3-butanediol market in 2017 in terms of consumption and the trend is likely to continue during the forecast period as well, according to the report, The market in Asia Pacific is projected to register a significant growth rate during the forecast period.
Rise in the consumption of synthetic rubber products, and a variety of foods by people especially in South Korea, Japan, and China are anticipated to be fueling factors behind the 2,3-butanediol market growth in Asia Pacific in the next few years. China and India are expected to hold a major share of the Asia Pacific market for 2,3-butanediol by the end of the forecast period. Europe and North America are anticipated to follow Asia Pacific between 2018 and 2026. The 2,3-butanediol market in other regions such as Latin America and Middle East & Africa is anticipated to witness sluggish growth during the forecast period.
As per the report, a large number of companies operate in the global 2,3-butanediol market. Several regional and local traders, distributors, and importers supply 2,3-butanediol to end-users. Prominent companies operating in the global 2,3-butanediol market are included in the report to give a better competitive analysis and these include BioAmber, Inc., LanzaTech, TCI (India) Pvt. Ltd., and MERCK.
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