Biobased 2,3-Butanediol Market Size(US$)

CAGR 2026-2032
13.8%
Market Size,2032
USD 1,025
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Biobased 2,3-Butanediol market was valued at US$ 412 million in 2025 and is anticipated to reach US$ 1025 million by 2032, at a CAGR of 13.8% from 2026 to 2032.
Global biobased 2,3-butanediol production is projected to reach approximately 98,000 tons in 2025, with an average global market price of about US$4,200 per ton. Total global production capacity for bio-based 2,3-butanediol is expected to reach 120,000 tons in 2025. The industry average gross margin for this product is projected to be 39%. Biobased 2,3 butanediol is a low-carbon alternative. It is a colorless, odorless, hygroscopic, transparent viscous liquid that is widely used in cosmetics, lubricants, synthetic rubber and other fields.
The upstream of the bio-based 2,3-butanediol industry chain mainly includes renewable carbon source supply, strain development, and bio-fermentation technology. Major raw materials include corn starch, sugarcane molasses, wheat starch, cellulose, hemicellulose hydrolysates, and agricultural waste. These raw materials are saccharified into fermentable sugars such as glucose and xylose, providing carbon sources for microbial metabolism. The upstream also involves the development of highly efficient engineered strains, culture medium design, enzyme preparations, fermentation equipment, and process control technologies. Among these, strain performance directly affects the yield, optical purity, and production cost of 2,3-butanediol, making it a key factor in industrial competitiveness. Currently, the global bio-based 2,3-butanediol industry is still in the stage of technology optimization and commercial expansion. Companies with large-scale fermentation capabilities need to master strain modification, continuous fermentation, and separation and purification technologies simultaneously. The midstream of the industry chain mainly consists of industrial production companies of bio-based 2,3-butanediol, responsible for the fermentation process, extraction and separation, purification, and standardized product supply. The production process typically includes raw material pretreatment, microbial fermentation, solid-liquid separation, dehydration and concentration, and distillation purification. Due to its high boiling point and azeotropic reaction with water, post-processing and high-purity extraction technologies are crucial to its economic viability. Midstream companies typically offer different purity grades of 2,3-butanediol based on downstream demand, including industrial-grade, polymer-grade, and high-purity bio-based 2,3-butanediol. With the advancement of global green chemistry and carbon reduction policies, some companies are building large-scale biomanufacturing production lines to enhance product competitiveness by improving fermentation efficiency, reducing energy consumption, and utilizing low-cost agricultural byproducts. Downstream applications of bio-based 2,3-butanediol primarily cover polyurethane, polyester materials, solvents, plasticizers, fuel additives, and fine chemicals. In the materials sector, 2,3-butanediol can be further converted into butadiene, methyl ethyl ketone (MEK), polyester polyols, and other chemicals for the production of synthetic rubber, elastomers, coatings, and adhesives. In the energy sector, it can serve as a potential raw material for high-energy-density fuel components or fuel additives. In the fine chemicals sector, it can be used in the production of pharmaceutical intermediates, fragrances, and functional chemicals. In the future, with the increasing demand for bio-based materials, the strengthening trend of petrochemical raw material substitution, and the increasing requirements for corporate carbon footprint management, bio-based 2,3-butanediol is expected to play a more important role in the low-carbon chemical industry chain, especially in creating new market opportunities in sustainable polymers and biorefining systems.
As global carbon reduction targets continue to advance, countries are increasingly focused on reducing reliance on petrochemical feedstocks, industrial carbon emissions, and the development of sustainable materials. Bio-based chemicals are gradually becoming an important supplement to traditional petroleum-based products. Bio-based 2,3-butanediol utilizes renewable resources such as sugars, biomass hydrolysates, and agricultural byproducts as raw materials, produced through microbial fermentation. Compared to traditional petrochemical routes, it offers advantages such as sustainable feedstocks, lower carbon emissions, and environmental friendliness. Driven by the EU's green chemistry policy, the US biomanufacturing strategy, and sustainable industrial policies in Asia, downstream companies are continuously increasing their demand for bio-based solvents, bio-based polymer monomers, and green chemical intermediates, providing long-term impetus for the industrialization of bio-based 2,3-butanediol.
In recent years, the rapid development of synthetic biology, metabolic engineering, and industrial fermentation technologies has continuously improved the efficiency of microbial strain modification, fermentation conversion rates, and product purification technologies. Optimizing production strains through genetic engineering can increase the yield of 2,3-butanediol, reduce byproduct formation, and improve the optical purity of the product. Meanwhile, the development of continuous fermentation, intelligent bioreactor control, and low-energy separation technologies will help reduce production costs and enhance the competitiveness of bio-based 2,3-butanediol against traditional petrochemical products. In the future, with the gradual construction of large-scale biomanufacturing facilities, this product will move from laboratory and small-scale demonstration stages towards commercial and large-scale production.
Bio-based 2,3-butanediol has good chemical conversion potential and can serve as an important intermediate in the production of butadiene, methyl ethyl ketone, polyurethane polyols, polyester materials, and other fine chemical products. With the continuous expansion of the market for biodegradable materials, green coatings, environmentally friendly adhesives, and low-carbon polymers, downstream enterprises are increasingly demanding alternatives to petroleum-based raw materials. Furthermore, the focus on green materials in the automotive lightweighting, new energy equipment, packaging materials, and consumer goods industries will further promote the application of bio-based 2,3-butanediol in the new materials industry chain.
The future bio-based 2,3-butanediol industry will exhibit trends of large-scale production, diversified raw materials, and high-end applications. On the one hand, manufacturers will increasingly utilize non-grain biomass raw materials such as lignocellulose and agricultural waste to reduce reliance on grain sugar sources and improve industrial sustainability. On the other hand, with the maturation of synthetic biology technology, 2,3-butanediol is expected to become an important intermediate product in biorefining platforms, forming a synergistic industrial chain with butadiene, bio-based polyesters, and bio-based solvents. Future industry competition will shift from simple capacity expansion to comprehensive competition based on strain performance, production cost control, carbon footprint management, and the ability to develop downstream green materials applications.
Market Segmentation
Report Scope
This report delivers a comprehensive overview of the global Biobased 2,3-Butanediol market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Biobased 2,3-Butanediol. The Biobased 2,3-Butanediol market size, estimates, and forecasts are provided in terms of output/shipments (Tons) and revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2021–2032.
The report segments the global Biobased 2,3-Butanediol market comprehensively. Regional market sizes by Type, by Application, by Biomass Raw Material Source, and by company are also provided. For deeper insight, the report profiles the competitive landscape, key competitors, and their respective market rankings, and discusses technological trends and new product developments.
This report will assist Biobased 2,3-Butanediol manufacturers, new entrants, and companies across the industry value chain with information on revenues, production, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.
Chapter Outline
Chapter 1: Defines the scope of the report and presents an executive summary of market segments (by Type, by Application, by Biomass Raw Material Source, etc.), including the size of each segment and its future growth potential. It offers a high-level view of the current market and its likely evolution in the short, medium, and long term.
Chapter 2: Provides a detailed analysis of the competitive landscape for Biobased 2,3-Butanediol manufacturers, including prices, production, value-based market shares, latest development plans, and information on mergers and acquisitions.
Chapter 3: Examines Biobased 2,3-Butanediol production/output and value by region and country, providing a quantitative assessment of market size and growth potential for each region over the next six years.
Chapter 4: Analyzes Biobased 2,3-Butanediol consumption at the regional and country levels. It quantifies market size and growth potential for each region and its key countries, and outlines market development, outlook, addressable space, and national production.
Chapter 5: Analyzes market segments by Type, covering the size and growth potential of each segment to help readers identify “blue ocean” opportunities.
Chapter 6: Analyzes market segments by Application, covering the size and growth potential of each segment to help readers identify “blue ocean” opportunities in downstream markets.
Chapter 7: Profiles key players, detailing the fundamentals of major companies, including product production/output, value, price, gross margin, product portfolio/introductions, and recent developments.
Chapter 8: Reviews the industry value chain, including upstream and downstream segments.
Chapter 9: Discusses market dynamics and recent developments, including drivers, restraints, challenges and risks for manufacturers, U.S. Tariffs and relevant policy analysis.
Chapter 10: Summarizes the key findings and conclusions of the report.
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Table of Contents
1 Biobased 2,3-Butanediol Market Overview
1.1 Product Definition
1.2 Biobased 2,3-Butanediol by Type
1.2.1 Global Biobased 2,3-Butanediol Market Value Growth Rate Analysis by Type: 2025 vs 2032
1.2.2 Food Carbon Source
1.2.3 Industrial Waste
1.3 Biobased 2,3-Butanediol by Biomass Raw Material Source
1.3.1 Global Biobased 2,3-Butanediol Market Value Growth Rate Analysis by Biomass Raw Material Source: 2025 vs 2032
1.3.2 Sugar-based Bio-2,3-BDO
1.3.3 Starch-based Bio-2,3-BDO
1.3.4 Cellulosic Bio-2,3-BDO
1.3.5 Mixed Biomass-based Bio-2,3-BDO
1.4 Biobased 2,3-Butanediol by Microbial Production Route
1.4.1 Global Biobased 2,3-Butanediol Market Value Growth Rate Analysis by Microbial Production Route: 2025 vs 2032
1.4.2 Bacterial Fermentation
1.4.3 Yeast Fermentation
1.4.4 Engineered Microbial Production
1.4.5 Mixed Culture Fermentation
1.5 Biobased 2,3-Butanediol by Purity
1.5.1 Global Biobased 2,3-Butanediol Market Value Growth Rate Analysis by Purity: 2025 vs 2032
1.5.2 ≥95%
1.5.3 ≥98%
1.5.4 ≥99%
1.6 Biobased 2,3-Butanediol by Application
1.6.1 Global Biobased 2,3-Butanediol Market Value Growth Rate Analysis by Application: 2025 vs 2032
1.6.2 Cosmetics
1.6.3 Synthetic Rubber
1.6.4 Chemicals
1.6.5 Pharmaceuticals
1.6.6 Others
1.7 Global Market Growth Prospects
1.7.1 Global Biobased 2,3-Butanediol Production Value Estimates and Forecasts (2021–2032)
1.7.2 Global Biobased 2,3-Butanediol Production Capacity Estimates and Forecasts (2021–2032)
1.7.3 Global Biobased 2,3-Butanediol Production Estimates and Forecasts (2021–2032)
1.7.4 Global Biobased 2,3-Butanediol Market Average Price Estimates and Forecasts (2021–2032)
1.8 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Biobased 2,3-Butanediol Production Market Share by Manufacturers (2021–2026)
2.2 Global Biobased 2,3-Butanediol Production Value Market Share by Manufacturers (2021–2026)
2.3 Global Key Players of Biobased 2,3-Butanediol, Industry Ranking, 2024 vs 2025
2.4 Global Biobased 2,3-Butanediol Market Share by Company Tier (Tier 1, Tier 2, Tier 3)
2.5 Global Biobased 2,3-Butanediol Average Price by Manufacturers (2021–2026)
2.6 Global Key Manufacturers of Biobased 2,3-Butanediol, Manufacturing Footprints and Headquarters
2.7 Global Key Manufacturers of Biobased 2,3-Butanediol, Product Offerings and Applications
2.8 Global Key Manufacturers of Biobased 2,3-Butanediol, Date of Entry into the Industry
2.9 Biobased 2,3-Butanediol Market Competitive Situation and Trends
2.9.1 Biobased 2,3-Butanediol Market Concentration Rate
2.9.2 Top 5 and Top 10 Global Biobased 2,3-Butanediol Players Market Share by Revenue
2.10 Mergers & Acquisitions and Expansion
3 Biobased 2,3-Butanediol Production by Region
3.1 Global Biobased 2,3-Butanediol Production Value Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
3.2 Global Biobased 2,3-Butanediol Production Value by Region (2021–2032)
3.2.1 Global Biobased 2,3-Butanediol Production Value by Region (2021–2026)
3.2.2 Global Forecasted Production Value of Biobased 2,3-Butanediol by Region (2027–2032)
3.3 Global Biobased 2,3-Butanediol Production Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
3.4 Global Biobased 2,3-Butanediol Production Volume by Region (2021–2032)
3.4.1 Global Biobased 2,3-Butanediol Production by Region (2021–2026)
3.4.2 Global Forecasted Production of Biobased 2,3-Butanediol by Region (2027–2032)
3.5 Global Biobased 2,3-Butanediol Market Price Analysis by Region (2021–2032)
3.6 Global Biobased 2,3-Butanediol Production, Value, and Year-over-Year Growth
3.6.1 North America Biobased 2,3-Butanediol Production Value Estimates and Forecasts (2021–2032)
3.6.2 Europe Biobased 2,3-Butanediol Production Value Estimates and Forecasts (2021–2032)
3.6.3 China Biobased 2,3-Butanediol Production Value Estimates and Forecasts (2021–2032)
3.6.4 Japan Biobased 2,3-Butanediol Production Value Estimates and Forecasts (2021–2032)
4 Biobased 2,3-Butanediol Consumption by Region
4.1 Global Biobased 2,3-Butanediol Consumption Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
4.2 Global Biobased 2,3-Butanediol Consumption by Region (2021–2032)
4.2.1 Global Biobased 2,3-Butanediol Consumption by Region (2021–2026)
4.2.2 Global Biobased 2,3-Butanediol Forecasted Consumption by Region (2027–2032)
4.3 North America
4.3.1 North America Biobased 2,3-Butanediol Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.3.2 North America Biobased 2,3-Butanediol Consumption by Country (2021–2032)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Biobased 2,3-Butanediol Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.4.2 Europe Biobased 2,3-Butanediol Consumption by Country (2021–2032)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Biobased 2,3-Butanediol Consumption Growth Rate by Region: 2021 vs 2025 vs 2032
4.5.2 Asia Pacific Biobased 2,3-Butanediol Consumption by Region (2021–2032)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Biobased 2,3-Butanediol Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.6.2 Latin America, Middle East & Africa Biobased 2,3-Butanediol Consumption by Country (2021–2032)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Biobased 2,3-Butanediol Production by Type (2021–2032)
5.1.1 Global Biobased 2,3-Butanediol Production by Type (2021–2026)
5.1.2 Global Biobased 2,3-Butanediol Production by Type (2027–2032)
5.1.3 Global Biobased 2,3-Butanediol Production Market Share by Type (2021–2032)
5.2 Global Biobased 2,3-Butanediol Production Value by Type (2021–2032)
5.2.1 Global Biobased 2,3-Butanediol Production Value by Type (2021–2026)
5.2.2 Global Biobased 2,3-Butanediol Production Value by Type (2027–2032)
5.2.3 Global Biobased 2,3-Butanediol Production Value Market Share by Type (2021–2032)
5.3 Global Biobased 2,3-Butanediol Price by Type (2021–2032)
6 Segment by Application
6.1 Global Biobased 2,3-Butanediol Production by Application (2021–2032)
6.1.1 Global Biobased 2,3-Butanediol Production by Application (2021–2026)
6.1.2 Global Biobased 2,3-Butanediol Production by Application (2027–2032)
6.1.3 Global Biobased 2,3-Butanediol Production Market Share by Application (2021–2032)
6.2 Global Biobased 2,3-Butanediol Production Value by Application (2021–2032)
6.2.1 Global Biobased 2,3-Butanediol Production Value by Application (2021–2026)
6.2.2 Global Biobased 2,3-Butanediol Production Value by Application (2027–2032)
6.2.3 Global Biobased 2,3-Butanediol Production Value Market Share by Application (2021–2032)
6.3 Global Biobased 2,3-Butanediol Price by Application (2021–2032)
7 Key Companies Profiled
7.1 Zhangjiagang Glory Chemical Industry Co., Limited
7.1.1 Zhangjiagang Glory Chemical Industry Co., Limited Biobased 2,3-Butanediol Company Information
7.1.2 Zhangjiagang Glory Chemical Industry Co., Limited Biobased 2,3-Butanediol Product Portfolio
7.1.3 Zhangjiagang Glory Chemical Industry Co., Limited Biobased 2,3-Butanediol Production, Value, Price, and Gross Margin (2021–2026)
7.1.4 Zhangjiagang Glory Chemical Industry Co., Limited Main Business and Markets Served
7.1.5 Zhangjiagang Glory Chemical Industry Co., Limited Recent Developments/Updates
7.2 Tsinghua Smart Biotech
7.2.1 Tsinghua Smart Biotech Biobased 2,3-Butanediol Company Information
7.2.2 Tsinghua Smart Biotech Biobased 2,3-Butanediol Product Portfolio
7.2.3 Tsinghua Smart Biotech Biobased 2,3-Butanediol Production, Value, Price, and Gross Margin (2021–2026)
7.2.4 Tsinghua Smart Biotech Main Business and Markets Served
7.2.5 Tsinghua Smart Biotech Recent Developments/Updates
7.3 GS Caltex
7.3.1 GS Caltex Biobased 2,3-Butanediol Company Information
7.3.2 GS Caltex Biobased 2,3-Butanediol Product Portfolio
7.3.3 GS Caltex Biobased 2,3-Butanediol Production, Value, Price, and Gross Margin (2021–2026)
7.3.4 GS Caltex Main Business and Markets Served
7.3.5 GS Caltex Recent Developments/Updates
7.4 LanzaTech
7.4.1 LanzaTech Biobased 2,3-Butanediol Company Information
7.4.2 LanzaTech Biobased 2,3-Butanediol Product Portfolio
7.4.3 LanzaTech Biobased 2,3-Butanediol Production, Value, Price, and Gross Margin (2021–2026)
7.4.4 LanzaTech Main Business and Markets Served
7.4.5 LanzaTech Recent Developments/Updates
7.5 Biokemik
7.5.1 Biokemik Biobased 2,3-Butanediol Company Information
7.5.2 Biokemik Biobased 2,3-Butanediol Product Portfolio
7.5.3 Biokemik Biobased 2,3-Butanediol Production, Value, Price, and Gross Margin (2021–2026)
7.5.4 Biokemik Main Business and Markets Served
7.5.5 Biokemik Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Biobased 2,3-Butanediol Industry Chain Analysis
8.2 Biobased 2,3-Butanediol Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Biobased 2,3-Butanediol Production Modes and Processes
8.4 Biobased 2,3-Butanediol Sales and Marketing
8.4.1 Biobased 2,3-Butanediol Sales Channels
8.4.2 Biobased 2,3-Butanediol Distributors
8.5 Biobased 2,3-Butanediol Customer Analysis
9 Biobased 2,3-Butanediol Market Dynamics
9.1 Biobased 2,3-Butanediol Industry Trends
9.2 Biobased 2,3-Butanediol Market Drivers
9.3 Biobased 2,3-Butanediol Market Challenges
9.4 Biobased 2,3-Butanediol Market Restraints
9.5 Impact of U.S. Tariffs
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Table of Figures
List of Tables
List of Figures
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The global Biobased 2,3-Butanediol market is projected to grow from US$ 412 million in 2025 to US$ 1025 million by 2032, at a CAGR of 13.8% (2026-2032), driven by critical product segments and diverse end‑use applications.
Published Date: 2026-07-31
Pages: 121
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The global Biobased 2,3-Butanediol market size was US$ 412 million in 2025 and is forecast to reach a readjusted size of US$ 1025 million by 2032 with a CAGR of 13.8% during the forecast period 2026-2032.
Published Date: 2026-07-31
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The global market for Biobased 2,3-Butanediol was estimated to be worth US$ 412 million in 2025 and is projected to reach US$ 1025 million, growing at a CAGR of 13.8% from 2026 to 2032.
Published Date: 2026-07-31
Pages: 117
USD 3950.00
(Single User License)
The global Biobased 2,3-Butanediol market is projected to grow from US$ 412 million in 2025 to US$ 1025 million by 2032, at a CAGR of 13.8% (2026-2032), driven by critical product segments and diverse end‑use applications.
Published: 2026-07-31
Pages: 121
The global Biobased 2,3-Butanediol market size was US$ 412 million in 2025 and is forecast to reach a readjusted size of US$ 1025 million by 2032 with a CAGR of 13.8% during the forecast period 2026-2032.
Published: 2026-07-31
Pages: 122
The global market for Biobased 2,3-Butanediol was estimated to be worth US$ 412 million in 2025 and is projected to reach US$ 1025 million, growing at a CAGR of 13.8% from 2026 to 2032.
Published: 2026-07-31
Pages: 117
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