The global 2,3-Butanediol market was valued at USD 226.05 million in 2024 and is projected to reach USD 401.07 million by 2037, expanding at a CAGR of 4.5% during the forecast period (2025-2037). In 2025, the market size is expected to be USD 234.47 million. The 2,3-Butanediol market is gaining momentum as industries increasingly seek versatile intermediates for producing eco-friendly solvents, polymers, and fuel additives. Its role in next-generation material science and bio-refining processes is expanding, especially with growing interest in biodegradable plastics and green aviation fuels. Additionally, the rise of bio-economy initiatives across the globe is encouraging large-scale fermentation-based production of 2,3-Butanediol from renewable sources.
Table of Contents
- Global 2,3-Butanediol Market
- An Outline of the Global 2,3-Butanediol Market
- Market Definition
- Market Segmentation
- Assumptions and Abbreviations
- Research Methodology & Approach
- Primary Research
- Secondary Research
- SPSS Methodology
- Data Triangulation
- Executive Summary
- Growth Drivers
- Major Roadblocks
- Opportunities
- Prevalent Trends
- Government Regulation
- Up-Coming Technologies
- Growth Outlook
- Risk Overview
- Value Chain
- SWOT
- Regional Demand
- Recent Development News
- Market Price Comparison: Bio-Based vs. Fossil Fuel-Derived 2,3-Butanediol
- Pricing Benchmarking
- Uses and Applications: Bio-Based vs Fossil Fuel-Derived 2,3-Butenediol
- Comprehensive Environmental Impact Assessment of Bio-Based 2,3 Butanediol(BDO)
- Techno-Economic Comparison of Bio-Based & Petrochemical 2,3-Butanediol(BDO)
- Crude Oil Price Fluctuation and Their Impact on Fossil-Based Chemical Markets
- Consumer Preferences & Industry Trends Shifting Towards Green Chemical in the Global 2,3-Butanediol Market
- Growth Potential for 2,3-Butanediol End-Use Industry of 2,3-Butanediol Market
- Government Initiatives Driving Bio-Based 2,3-Butanediol(BDO) Production
- Root Cause Analysis for discovering Problems of the Global 2,3-Butanediol Market
- Unique Selling Proposition (USP) Analysis
- Strategic Recommendations for Sumitomo Chemical in the Global 2,3-Butanediol Market
- Comparative Positioning
- Competitive Landscape
- Competitive Model
- Company Market Share
- Business Profile of Key Enterprise
- Biokemik
- BOC Sciences
- FUJIFILM Wako Pure Chemical Corporation
- GS Caltex Corporation
- Haihang Industry
- Merck KGaA
- Orochem Technologies, Inc.
- Otto Chemie Pvt. Ltd.
- Thermo Fisher Scientific Inc.
- Tokyo Chemical Industry (India) Pvt. Ltd.
- Global 2,3-Butanediol Market Outlook
- Market Overview
- Market Revenue by Value (USD Thousand), Volume (Tons), and Compound Annual Growth Rate (CAGR)
- Global 2,3-Butanediol Market Segmentation Analysis (2024-2037)
- By Source Type
- Bio-Based 2,3 Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Fossil Fuel-Derived 2,3-Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- By Purity Level
- Up to 85%, Market Value (USD Thousand), and CAGR, 2024-2037F
>97%, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Route of Synthesis
- Fermentation, Market Value (USD Thousand), and CAGR, 2024-2037F
- Conventional, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Application
- Fertilizers, Market Value (USD Thousand), and CAGR, 2024-2037F
- Plasticizers, Market Value (USD Thousand), and CAGR, 2024-2037F
- Polyurethanes, Market Value (USD Thousand), and CAGR, 2024-2037F
- Printing Inks, Market Value (USD Thousand), and CAGR, 2024-2037F
- Perfumes, Market Value (USD Thousand), and CAGR, 2024-2037F
- Food Additives, Market Value (USD Thousand), and CAGR, 2024-2037F
- Resins, Market Value (USD Thousand), and CAGR, 2024-2037F
- Others, Market Value (USD Thousand), and CAGR, 2024-2037F
- By End use Industry
- Chemical Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
- Pharmaceuticals, Market Value (USD Thousand), and CAGR, 2024-2037F
- Food & Beverage, Market Value (USD Thousand), and CAGR, 2024-2037F
- Automotive & Fuel Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
- Cosmetics & Personal Care, Market Value (USD Thousand), and CAGR, 2024-2037F
- Agriculture, Market Value (USD Thousand), and CAGR, 2024-2037F
- Others, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Region
- North America, Market Value (USD Million), Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Europe, Market Value (USD Million), Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Asia Pacific Excluding Japan, Market Value (USD Million), Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Japan, Market Value (USD Million), Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Latin America, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Middle East and Africa, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Cross Analysis of End-Use Industry w.r.t. Source Type (USD Thousand), 2024-2037
- North America 2,3-Butanediol Market Outlook
- Market Overview
- Market Revenue by Value (USD Thousand), Volume (Tons), and Compound Annual Growth Rate (CAGR)
- North America 2,3-Butanediol Market Segmentation Analysis (2024-2037)
- By Source Type
- Bio-Based 2,3 Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Fossil Fuel-Derived 2,3-Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- By Purity Level
- Up to 85%, Market Value (USD Thousand), and CAGR, 2024-2037F
>97%, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Route of Synthesis
- Fermentation, Market Value (USD Thousand), and CAGR, 2024-2037F
- Conventional, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Application
- Fertilizers, Market Value (USD Thousand), and CAGR, 2024-2037F
- Plasticizers, Market Value (USD Thousand), and CAGR, 2024-2037F
- Polyurethanes, Market Value (USD Thousand), and CAGR, 2024-2037F
- Printing Inks, Market Value (USD Thousand), and CAGR, 2024-2037F
- Perfumes, Market Value (USD Thousand), and CAGR, 2024-2037F
- Food Additives, Market Value (USD Thousand), and CAGR, 2024-2037F
- Resins, Market Value (USD Thousand), and CAGR, 2024-2037F
- Others, Market Value (USD Thousand), and CAGR, 2024-2037F
- By End use Industry
- Chemical Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
- Pharmaceuticals, Market Value (USD Thousand), and CAGR, 2024-2037F
- Food & Beverage, Market Value (USD Thousand), and CAGR, 2024-2037F
- Automotive & Fuel Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
- Cosmetics & Personal Care, Market Value (USD Thousand), and CAGR, 2024-2037F
- Agriculture, Market Value (USD Thousand), and CAGR, 2024-2037F
- Others, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Country
- U.S., Market Value (USD Million), Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Canada, Market Value (USD Million), Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Cross Analysis of End-Use Industry w.r.t. Source Type (USD Thousand), 2024-2037
- Europe 2,3-Butanediol Market Outlook
- Market Overview
- Market Revenue by Value (USD Thousand), Volume (Tons), and Compound Annual Growth Rate (CAGR)
- Europe 2,3-Butanediol Market Segmentation Analysis (2024-2037)
- By Source Type
- Bio-Based 2,3 Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Fossil Fuel-Derived 2,3-Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- By Purity Level
- Up to 85%, Market Value (USD Thousand), and CAGR, 2024-2037F
>97%, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Route of Synthesis
- Fermentation, Market Value (USD Thousand), and CAGR, 2024-2037F
- Conventional, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Application
- Fertilizers, Market Value (USD Thousand), and CAGR, 2024-2037F
- Plasticizers, Market Value (USD Thousand), and CAGR, 2024-2037F
- Polyurethanes, Market Value (USD Thousand), and CAGR, 2024-2037F
- Printing Inks, Market Value (USD Thousand), and CAGR, 2024-2037F
- Perfumes, Market Value (USD Thousand), and CAGR, 2024-2037F
- Food Additives, Market Value (USD Thousand), and CAGR, 2024-2037F
- Resins, Market Value (USD Thousand), and CAGR, 2024-2037F
- Others, Market Value (USD Thousand), and CAGR, 2024-2037F
- By End use Industry
- Chemical Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
- Pharmaceuticals, Market Value (USD Thousand), and CAGR, 2024-2037F
- Food & Beverage, Market Value (USD Thousand), and CAGR, 2024-2037F
- Automotive & Fuel Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
- Cosmetics & Personal Care, Market Value (USD Thousand), and CAGR, 2024-2037F
- Agriculture, Market Value (USD Thousand), and CAGR, 2024-2037F
- Others, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Country
- UK, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Germany, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- France, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Italy, Market Value (USD Million), Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Spain, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Russia, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- BENELUX, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Poland, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Rest of Europe, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Cross Analysis of End-Use Industry w.r.t. Source Type (USD Thousand), 2024-2037
- Asia Pacific Excluding Japan 2,3-Butanediol Market Outlook
- Market Overview
- Market Revenue by Value (USD Thousand), Volume (Tons), and Compound Annual Growth Rate (CAGR)
- Asia Pacific Excluding Japan 2,3-Butanediol Market Segmentation Analysis (2024-2037)
- By Source Type
- Bio-Based 2,3 Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Fossil Fuel-Derived 2,3-Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- By Purity Level
- Up to 85%, Market Value (USD Thousand), and CAGR, 2024-2037F
>97%, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Route of Synthesis
- Fermentation, Market Value (USD Thousand), and CAGR, 2024-2037F
- Conventional, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Application
- Fertilizers, Market Value (USD Thousand), and CAGR, 2024-2037F
- Plasticizers, Market Value (USD Thousand), and CAGR, 2024-2037F
- Polyurethanes, Market Value (USD Thousand), and CAGR, 2024-2037F
- Printing Inks, Market Value (USD Thousand), and CAGR, 2024-2037F
- Perfumes, Market Value (USD Thousand), and CAGR, 2024-2037F
- Food Additives, Market Value (USD Thousand), and CAGR, 2024-2037F
- Resins, Market Value (USD Thousand), and CAGR, 2024-2037F
- Others, Market Value (USD Thousand), and CAGR, 2024-2037F
- By End use Industry
- Chemical Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
- Pharmaceuticals, Market Value (USD Thousand), and CAGR, 2024-2037F
- Food & Beverage, Market Value (USD Thousand), and CAGR, 2024-2037F
- Automotive & Fuel Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
- Cosmetics & Personal Care, Market Value (USD Thousand), and CAGR, 2024-2037F
- Agriculture, Market Value (USD Thousand), and CAGR, 2024-2037F
- Others, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Country
- China, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- India, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- South Korea, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Australia, Market Value (USD Million), Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Indonesia, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Malaysia, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Vietnam, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Thailand, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Singapore, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- New Zealand, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Rest of APEJ, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Japan 2,3-Butanediol Market Outlook
- Market Overview
- Market Revenue by Value (USD Thousand), Volume (Tons), and Compound Annual Growth Rate (CAGR)
- Japan 2,3-Butanediol Market Segmentation Analysis (2024-2037)
- By Source Type
- Bio-Based 2,3 Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Fossil Fuel-Derived 2,3-Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- By Purity Level
- Up to 85%, Market Value (USD Thousand), and CAGR, 2024-2037F
>97%, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Route of Synthesis
- Fermentation, Market Value (USD Thousand), and CAGR, 2024-2037F
- Conventional, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Application
- Fertilizers, Market Value (USD Thousand), and CAGR, 2024-2037F
- Plasticizers, Market Value (USD Thousand), and CAGR, 2024-2037F
- Polyurethanes, Market Value (USD Thousand), and CAGR, 2024-2037F
- Printing Inks, Market Value (USD Thousand), and CAGR, 2024-2037F
- Perfumes, Market Value (USD Thousand), and CAGR, 2024-2037F
- Food Additives, Market Value (USD Thousand), and CAGR, 2024-2037F
- Resins, Market Value (USD Thousand), and CAGR, 2024-2037F
- Others, Market Value (USD Thousand), and CAGR, 2024-2037F
- By End use Industry
- Chemical Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
- Pharmaceuticals, Market Value (USD Thousand), and CAGR, 2024-2037F
- Food & Beverage, Market Value (USD Thousand), and CAGR, 2024-2037F
- Automotive & Fuel Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
- Cosmetics & Personal Care, Market Value (USD Thousand), and CAGR, 2024-2037F
- Agriculture, Market Value (USD Thousand), and CAGR, 2024-2037F
- Others, Market Value (USD Thousand), and CAGR, 2024-2037F
- Cross Analysis of End-Use Industry w.r.t. Source Type (USD Thousand), 2024-2037
- Latin America 2,3-Butanediol Market Outlook
- Market Overview
- Market Revenue by Value (USD Thousand), Volume (Tons), and Compound Annual Growth Rate (CAGR)
- Latin America 2,3-Butanediol Market Segmentation Analysis (2024-2037)
- By Source Type
- Bio-Based 2,3 Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Fossil Fuel-Derived 2,3-Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- By Purity Level
- Up to 85%, Market Value (USD Thousand), and CAGR, 2024-2037F
>97%, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Route of Synthesis
- Fermentation, Market Value (USD Thousand), and CAGR, 2024-2037F
- Conventional, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Application
- Fertilizers, Market Value (USD Thousand), and CAGR, 2024-2037F
- Plasticizers, Market Value (USD Thousand), and CAGR, 2024-2037F
- Polyurethanes, Market Value (USD Thousand), and CAGR, 2024-2037F
- Printing Inks, Market Value (USD Thousand), and CAGR, 2024-2037F
- Perfumes, Market Value (USD Thousand), and CAGR, 2024-2037F
- Food Additives, Market Value (USD Thousand), and CAGR, 2024-2037F
- Resins, Market Value (USD Thousand), and CAGR, 2024-2037F
- Others, Market Value (USD Thousand), and CAGR, 2024-2037F
- By End use Industry
- Chemical Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
- Pharmaceuticals, Market Value (USD Thousand), and CAGR, 2024-2037F
- Food & Beverage, Market Value (USD Thousand), and CAGR, 2024-2037F
- Automotive & Fuel Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
- Cosmetics & Personal Care, Market Value (USD Thousand), and CAGR, 2024-2037F
- Agriculture, Market Value (USD Thousand), and CAGR, 2024-2037F
- Others, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Country
- Brazil, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Argentina, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Mexico, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Rest of Latin America, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Cross Analysis of End-Use Industry w.r.t. Source Type (USD Thousand), 2024-2037
- Middle East & Africa 2,3-Butanediol Market Outlook
- Market Overview
- Market Revenue by Value (USD Thousand), Volume (Tons), and Compound Annual Growth Rate (CAGR)
- Middle East & Africa 2,3-Butanediol Market Segmentation Analysis (2024-2037)
- By Source Type
- Bio-Based 2,3 Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Fossil Fuel-Derived 2,3-Butanediol, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- By Purity Level
- Up to 85%, Market Value (USD Thousand), and CAGR, 2024-2037F
>97%, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Route of Synthesis
- Fermentation, Market Value (USD Thousand), and CAGR, 2024-2037F
- Conventional, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Application
- Fertilizers, Market Value (USD Thousand), and CAGR, 2024-2037F
- Plasticizers, Market Value (USD Thousand), and CAGR, 2024-2037F
- Polyurethanes, Market Value (USD Thousand), and CAGR, 2024-2037F
- Printing Inks, Market Value (USD Thousand), and CAGR, 2024-2037F
- Perfumes, Market Value (USD Thousand), and CAGR, 2024-2037F
- Food Additives, Market Value (USD Thousand), and CAGR, 2024-2037F
- Resins, Market Value (USD Thousand), and CAGR, 2024-2037F
- Others, Market Value (USD Thousand), and CAGR, 2024-2037F
- By End use Industry
- Chemical Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
- Pharmaceuticals, Market Value (USD Thousand), and CAGR, 2024-2037F
- Food & Beverage, Market Value (USD Thousand), and CAGR, 2024-2037F
- Automotive & Fuel Industry, Market Value (USD Thousand), and CAGR, 2024-2037F
- Cosmetics & Personal Care, Market Value (USD Thousand), and CAGR, 2024-2037F
- Agriculture, Market Value (USD Thousand), and CAGR, 2024-2037F
- Others, Market Value (USD Thousand), and CAGR, 2024-2037F
- By Country
- GCC, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Israel, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- South Africa, Market Value (USD Million), Volume (Tons) CAGR & Y-o-Y Growth Trend, 2024-2037F
- Rest of Middle East & Africa, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- About the Publisher
Companies Mentioned
- Biokemik
- BOC Sciences
- FUJIFILM Wako Pure Chemical Corporation
- GS Caltex Corporation
- Haihang Industry
- Merck KGaA
- Orochem Technologies Inc.
- Otto Chemie Pvt. Ltd.
- Thermo Fisher Scientific Inc.
- Tokyo Chemical Industry (India) Pvt. Ltd
