Europe Gamma Butyrolactone Market Size, Share & Trends Analysis Report By Purity (Industrial, Electric Capacitance), By Application (Electrical, Petroleum, Pharmaceutical), By Country, And Segment Forecasts, 2021 - 2028
Europe Gamma Butyrolactone Market Growth & Trends
The Europe gamma butyrolactone market size is expected to reach USD 1.4 billion by 2028. The market is expected to expand at a CAGR of 2.7% from 2021 to 2028. The market is majorly driven by rising demand for electronic products, organic chemicals, and other major application industries.
The rising demand for semiconductors in television sets, refrigerators, washing machines, Light-emitting Diode (LED) bulbs, and computers and the increasing use of electrical batteries in electric vehicles, mobiles, and flashlights due to surging demand for compact and technologically advanced devices, can provide lucrative opportunities for manufacturers of electric capacitance class gamma butyrolactone during the forecast period.
Gamma butyrolactone demand in France is primarily driven by the growing usage of organic products due to rising awareness about the adverse effects of consuming harmful chemicals. Expanding agricultural sector is likely to boost the demand for agrochemicals, thereby, benefitting the market.
The key raw material suppliers include manufacturers of 1-4 butanediol and catalysts.Globally, butane prices depend on the price trend of crude oil.
Therefore, volatile crude oil prices may result in high fluctuation in butane prices over the forecast period.Petroleum derivatives are highly dependent on crude oil pricing and downstream demand.
Government regulations have an equal impact on the overall profitability of manufacturers of the chemical compound.
The market in this region is dominated by large multinational corporations such as BASF SE, Ashland, Mitsubishi Chemical Corporation, and LyondellBasell Industries Holdings B.V. Product manufacturers such as Mitsubishi Chemical Corporation, LyondellBasell Industries Holdings B.V., BASF SE are involved in selling their products through third-party distributors in Europe.
Europe Gamma Butyrolactone Market Report Highlights • In terms of revenue, electrical application accounted for the highest share of more than 36.0% in 2020 on account of increasing demand for semiconductors in the manufacture of a variety of goods electronic goods
• As of 2020, France accounted for the highest revenue share of 28.3% due to the growing agricultural sector in the country
• As of 2020, the electric capacitance product segment accounted for the highest revenue share owing to its growing penetration as a solvent in the manufacturing process of semiconductors
• The rising demand for semiconductors in refrigerators, Light-emitting Diode (LED) bulbs, computers, and other technologically advanced devices can provide lucrative opportunities for manufacturers of electric capacitance class gamma butyrolactone
• Growing construction activities in France, Italy, the U.K., and Spain is poised to reflect steady market growth over the coming years
Our reports have been used by over 10K customers, including:
The global well testing services market is expected to grow at a CAGR of 6.4%, from 2021 to 2026. It is estimated to be USD 6.4 billion in 2021 and is projected to reach USD 8.8 billion by 2026. The factors driving the growth for well testing services are the rising global oil demand and the exploration and adoption off unconventional oil...
The global industrial microbiology market exhibited moderate growth during 2015-2020. Looking forward, the analyst expects the market to grow at a CAGR of around 7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence...
The hydraulic fracturing market is projected to reach USD 50.2 billion by 2026 from an estimated USD 34.8 billion in 2021, at a CAGR of 7.6% during the forecast period. Increasing shale exploration and production activities globally and growing demand for hydraulic fracturing technology with increasing requirement for energy is the main driver...
Executive Summary The Global Coiled Tubing Market was valued at USD 2985.67 Million in the year 2020. Rising demand for oil and natural gas, improved viability of Deepwater and ultra-Deepwater projects and price regulations of oil drive offshore exploration activities are the few factors responsible for high CAGR of the...
Mining deep: New entrants will likely be constrained by persistent uncertainty in global commodity markets Abstract Mining in the US The Mining sector has performed poorly over the past five years. In the Mining sector, the Oil and Gas Extraction industry (IBISWorld Report 21111) and Oil and Gas Field...
267 pages •
By Global Industry Analysts
• Jul 2021
Abstract: Global Low Noise Amplifiers (LNA) Market to Reach $3.3 Billion by 2026 Low Noise Amplifier (LNA) represents an electronic amplifier which amplifies low power signals without compromising on the aspect of signal-to-noise ratio. LNAs were primarily developed for minimizing additional...
The market for zero liquid discharge systems is expected to register a CAGR of over 9%, during the forecast period. One of the major factors driving the market is the rapidly increasing demand for freshwater. However, the high capital and energy cost of ZLD system technology is likely to restrain the market. - Rising expenses for wastewater...
The well intervention market is projected to reach USD 9.3 billion by 2026 from an estimated USD 7.6 billion in 2021, at a CAGR of 4.2% during the forecast period. The growing need for maximizing production potential of mature oil and gas fields is the main driver for the well intervention market. Growing demand for offshore and subsea well...
The global oil conditioning monitoring market is expected to grow from US$ 982.96 million in 2021 to US$ 1,572.93 million by 2028; it is estimated to grow at a CAGR of 6.9% during 2021–2028. Hundreds of oil samples are analyzed every day by specialist service laboratories and large plant operators for a variety of constituents to detect...
Energy Consumption in Europe - Market Summary, Competitive Analysis and Forecast to 2025 Summary Energy Consumption in Europe industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025)....
Natural Gas Production
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.