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 BlueQuark Research & Consulting, 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.
The global GBL market was found to be consolidated. Some of the market's key players are Realsun Chemical , Lutianhua Group , Boai NKY , BASF , Ashland , among others.
The Asia Pacific region is expected to be the most dominating region in terms of the production of Gamma-Butyrolactone, with most companies located in China and India. The Asia Pacific region is home to over 60% of the world's population. This growing population's food demand has been increasing since the last decade so, to meet the demands, pesticides, herbicides, and insecticides are utilized to maximize food output. This could be beneficial for the Gamma-Butyrolactone market as it is an essential ingredient in manufacturing herbicides. As dyeing and printing require Gamma-Butyrolactone, its demand is expected to boost in the region. China keeping its status as the world's workshop is the world's largest producer and has a broad Gamma-Butyrolactone market in the region. The expansion in the agrochemical and chemical industry in the Asia Pacific region has increased demand and consumption. Increasing urbanization and industrialization and the high population of the country could very well be a key driver for the Global Gamma-Butyrolactone Market. The Covid 19 outbreak has affected Global Gamma-Butyrolactone Market like every other market, but the pharmaceutical industry has surged the demand for Gamma-Butyrolactone after the pandemic in the global market.
Global Gamma-Butyrolactone GBL Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Gamma-Butyrolactone market by segmenting based on Grade [Industrial Grade (5 wt. %), Common Grade (8 wt. %), Electric Grade (9 wt. %)], End-User Industry (Electronics and Electrical, Agrochemical, Pharmaceutical, Chemical, Others), Application (Batteries and Capacitors, Herbicides and Insecticides, sedative & Aesthetic, and Solvent) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trend, market dynamic, market analysis, developments, opportunities, and challenges in the industry. This report covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.