Gamma Butyrolactone Market Size, Industry Analysis & Forecast Report by 2025
According to a new report published by Reports Monitor titled, “Gamma Butyrolactone Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the Gamma Butyrolactone Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Gamma Butyrolactone (GBL) is a toxic, poisonous chemical that is strong enough to dissolve glue and kill weeds. Therefore, when handled improperly, it can be very irritating to the skin and mucous membranes. It is sold as a clear liquid or a light-colored powder. However, it is mostly used in various industrial sectors, and is common intermediate in industrial chemistry such as the manufacture of pyrrolidones and in some pharmaceuticals.
The global gamma butyrolactone market report consists of various tools and techniques including, porters, value chain, market share analysis, and others. The data used in this report is gathered from extensive primary and secondary sources. This report gives the overall idea of market trends, opportunities, restraints, challenges, and others. The report includes major players along with their development strategies such as expansion, acquisition, merger, and others.
Increasing use of GBL in different industries such as pharmaceutical and chemical is the major factor propelling the market growth. Also, the demand for the product in various other application such as for improving athletic performance by the athletes and sleep in insomnia patients, and its usage for relieving depression and stress, prolonging life, promoting clear thinking, causing relaxation, and releasing growth hormone are leading to the growth of market.
Based on the segmentation the market is differentiated in various segments including by type, by application, and by region. Based on the type the market is divided into dehydrogenation of 1, 4-butanediol and hydrogenation of maleic anhydride. The application segment is divided into raw material for synthesis, solvent, and others.
Key Question Answered:
•What will be the market size in 2025 and at what rate it will grow?
•Who are the major key players in global gamma butyrolactone market and what are their strategies?
•Which vertical industry is expected to show major growth?
•What segment and region will lead the market and why?
The major companies profiled in the report include: Ashland, BASF, BinzhouYuneng Chemical, Dairen Chemical, Hefei TNJ Chemical Industry Co., Ltd., LyondellBasell, Mitsubishi Chemical Corporation, Nanjing Jinlong Chemical Co., Ltd., Shanxi Sanwei Group Co. Ltd, and XuchangRuida Biotechnology Co. Ltd.
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