Oct 7, 2021   SOURCE: BusinessWire

Worldwide Gamma-Butyrolactone Industry to 2026 - Featuring BASF, Jinlong Chemical and Ashland Among Others - ResearchAndMarkets.com

The "Global Gamma-Butyrolactone (GBL) Market Outlook to 2026" report has been added to ResearchAndMarkets.com's offering.

Gamma-Butyrolactone (GBL) is the simplest 4-carbon lactone, a colorless liquid, miscible in water, and has a weak odor. It is commonly used as an intermediate to produce other chemicals like methyl-2-pyrrolidone. According to the publisher, the global Gamma-Butyrolactone market is expected to witness a significant growth rate during the forecasted period. Factors such as general uses of Gamma-Butyrolactone in the electrical and agrochemical industry are driving the Global Gamma-Butyrolactone market. GBL is used as a parent chemical to produce herbicides and as a plant growth regulator in the Agrochemical Industry. Properties like low freezing point and high boiling point make it a very useful raw material for Electrical Industry. Therefore, it is used in batteries as various other solvents. Furthermore, its use is expected to increase in the dyeing and pharmaceutical industry. However, the availability of substitutes in almost every industry and abusive uses of GBL as a drug has made all the countries regulate its flow in the market. So, this may restrain the Global Gamma-Butyrolactone GBL market in the forecast period.

Gamma-Butyrolactone is mainly produced in liquid form and is also used to manufacture herbicides, capacitors as an intermediate in the manufacture of pyrrolidone, like a circuit board cleaner in electronics, paint strippers, nail polish remover. It is also used as a solvent for cellulose acetate, polyacrylonitrile, and polystyrene. Pharmaceutical uses of Gamma-Butyrolactone include causing relaxation, increasing mental clarity, improving sexual performance, reducing fat, and improving sleep. Though, most countries in the world have nearly banned or strictly regulated the medical uses of the compound as it can be used as an abusive drug.

Agriculture Industry is the prime consumer of Gamma-Butyrolactone and is expected to remain at the top in terms of consumption over the forecasted period. According to the World Health Organization (WHO), the world population is expected to surpass 8.2 billion by 2026, increasing the food demand globally rapidly. The herbicides consumption became over 1.2 million tons in 2018; thus, the demand in Gamma Butyrolactone industry was increased. The United States makes more than one-third of the global herbicide market, making it a great future market prospect for Gamma-Butyrolactone. The dependence of humans on technology is increasing with the increase in the population globally; as a result, it is hard to survive for any industry without computers and other electronic items and gadgets. Therefore, the increasing demand for computers and other electronic items which use small capacitors has surged the Global Gamma-Butyrolactone (GBL) Market.

The increasing use of batteries and capacitors in the automobile industry and the shift from petroleum to batteries also drive the Gamma-Butyrolactone market. International production and trade of Gamma-Butyrolactone is minimum of the order hundreds of thousands of metric tons. The United States alone produces in the order of 185, 000 metric tons of Gamma-Butyrolactone. Gamma-Butyrolactone is a polar solvent used for ionic substrates. It works as an acid donor in aqueous media and high temperatures, thus making it very useful for the chemical industry hence driving the GBL market. Almost half of the total Gamma-Butyrolactone produced globally is consumed to produce Tetrahydrofuran (THF), a principal derivative of the compound. TFH is an excellent solvent and is widely used for surface coating, film casting, printing inks, adhesives. Gamma-Butyrolactone is also in graphic films application, and it can be used as a lithography developer by efficiently removing and dissolving partially polymerized photochemically active polymer not exposed to ultraviolet(negative image) or cured UV degraded coating (positive image). Therefore, Gamma-Butyrolactone can be used for dispersion and as finishing agents in Photography.

Companies Mentioned

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

Key Topics Covered:

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

4. Industry Analysis

5. Market Segmentation & Forecast

6. Regional Market Analysis

7. Key Company Profiles

8. Competitive Landscape

9. Conclusions and Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/grcriy