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 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.
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
The global Biobased 2,3-Butanediol market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2021-2032.
Chapter Outline
Chapter 1: Report scope, segment-level executive summary (by Type, by Application) and market evolution across the short, mid and long term
Chapter 2: Quantitative analysis of Biobased 2,3-Butanediol sales and revenue at global, regional, and country levels, highlighting market size and growth potential by region
Chapter 3: Competitive landscape of Biobased 2,3-Butanediol manufacturers (sales, revenue, pricing, market share, industry rankings, and M&A / expansion plans)
Chapter 4: by Type-based segmentation analysis (sales, revenue, pricing, and growth potential) to identify blue-ocean product segments
Chapter 5: by Application-based segmentation analysis (sales, revenue, pricing, and growth potential) to uncover high-value downstream markets
Chapter 6: Regional breakdown by company, customer, by Type and by Application (sales, revenue, and pricing for each segment)
Chapter 7: Key manufacturer profiles –company overview, Biobased 2,3-Butanediol product descriptions and specifications, revenue, gross margins, and recent developments
Chapter 8: Industry chain analysis – upstream raw materials, manufacturing links, and downstream application sectors
Chapter 9: Sales channels and distributor analysis – routes to market and key customer interfaces
Chapter 10: Market dynamics – trends, drivers, restraints, risks for manufacturers, and the impact of relevant industry policies
Chapter 11: Key findings, main takeaways, and overall conclusions of the report.
Why This Report?
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Biobased 2,3-Butanediol value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
QYResearch's Strengths
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Table of Contents
1 Market Overview
1.1 Biobased 2,3-Butanediol Product Scope
1.2 Biobased 2,3-Butanediol by Type
1.2.1 Global Biobased 2,3-Butanediol Sales by Type (2021, 2025 & 2032)
1.2.2 Food Carbon Source
1.2.3 Industrial Waste
1.3 Biobased 2,3-Butanediol by Application
1.3.1 Global Biobased 2,3-Butanediol Sales Comparison by Application (2021, 2025 & 2032)
1.3.2 Cosmetics
1.3.3 Synthetic Rubber
1.3.4 Chemicals
1.3.5 Pharmaceuticals
1.3.6 Others
1.4 Global Biobased 2,3-Butanediol Market Estimates and Forecasts (2021-2032)
1.4.1 Global Biobased 2,3-Butanediol Market Size (Value) and Growth Rate (2021-2032)
1.4.2 Global Biobased 2,3-Butanediol Market Size (Volume) and Growth Rate (2021-2032)
1.4.3 Global Biobased 2,3-Butanediol Price Trends (2021-2032)
1.5 Assumptions and Limitations
2 Market Size and Prospects by Region
2.1 Global Biobased 2,3-Butanediol Market Size by Region: 2021 VS 2025 VS 2032
2.2 Global Biobased 2,3-Butanediol Historical Market Scenario by Region (2021-2026)
2.2.1 Global Biobased 2,3-Butanediol Sales Market Share by Region (2021-2026)
2.2.2 Global Biobased 2,3-Butanediol Revenue Market Share by Region (2021-2026)
2.3 Global Biobased 2,3-Butanediol Market Estimates and Forecasts by Region (2027-2032)
2.3.1 Global Biobased 2,3-Butanediol Sales Estimates and Forecasts by Region (2027-2032)
2.3.2 Global Biobased 2,3-Butanediol Revenue Forecast by Region (2027-2032)
2.4 Major Regions and Emerging Market Analysis
2.4.1 North America Biobased 2,3-Butanediol Market Size and Prospects (2021-2032)
2.4.2 Europe Biobased 2,3-Butanediol Market Size and Prospects (2021-2032)
2.4.3 China Biobased 2,3-Butanediol Market Size and Prospects (2021-2032)
2.4.4 Japan Biobased 2,3-Butanediol Market Size and Prospects (2021-2032)
3 Global Market Size by Type
3.1 Global Biobased 2,3-Butanediol Historical Market Review by Type (2021-2026)
3.1.1 Global Biobased 2,3-Butanediol Sales by Type (2021-2026)
3.1.2 Global Biobased 2,3-Butanediol Revenue by Type (2021-2026)
3.1.3 Global Biobased 2,3-Butanediol Average Price by Type (2021-2026)
3.2 Global Biobased 2,3-Butanediol Market Estimates and Forecasts by Type (2027-2032)
3.2.1 Global Biobased 2,3-Butanediol Sales Forecast by Type (2027-2032)
3.2.2 Global Biobased 2,3-Butanediol Revenue Forecast by Type (2027-2032)
3.2.3 Global Biobased 2,3-Butanediol Price Forecast by Type (2027-2032)
3.3 Representative Players for Different Types of Biobased 2,3-Butanediol
4 Global Market Size by Application
4.1 Global Biobased 2,3-Butanediol Historical Market Review by Application (2021-2026)
4.1.1 Global Biobased 2,3-Butanediol Sales by Application (2021-2026)
4.1.2 Global Biobased 2,3-Butanediol Revenue by Application (2021-2026)
4.1.3 Global Biobased 2,3-Butanediol Average Price by Application (2021-2026)
4.2 Global Biobased 2,3-Butanediol Market Estimates and Forecasts by Application (2027-2032)
4.2.1 Global Biobased 2,3-Butanediol Sales Forecast by Application (2027-2032)
4.2.2 Global Biobased 2,3-Butanediol Revenue Forecast by Application (2027-2032)
4.2.3 Global Biobased 2,3-Butanediol Price Forecast by Application (2027-2032)
4.3 New Sources of Growth in Biobased 2,3-Butanediol Applications
5 Competition Landscape by Players
5.1 Global Biobased 2,3-Butanediol Sales by Player (2021-2026)
5.2 Global Top Biobased 2,3-Butanediol Players by Revenue (2021-2026)
5.3 Global Biobased 2,3-Butanediol Market Share by Company Type (Tier 1, Tier 2, and Tier 3), based on Biobased 2,3-Butanediol revenue as of 2025
5.4 Global Biobased 2,3-Butanediol Average Price by Company (2021-2026)
5.5 Global Key Manufacturers of Biobased 2,3-Butanediol, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Biobased 2,3-Butanediol, Product Type & Application
5.7 Global Key Manufacturers of Biobased 2,3-Butanediol, Date of Entry into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Regional Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Biobased 2,3-Butanediol Sales by Company
6.1.1.1 North America Biobased 2,3-Butanediol Sales by Company (2021-2026)
6.1.1.2 North America Biobased 2,3-Butanediol Revenue by Company (2021-2026)
6.1.2 North America Biobased 2,3-Butanediol Sales Breakdown by Type (2021-2026)
6.1.3 North America Biobased 2,3-Butanediol Sales Breakdown by Application (2021-2026)
6.1.4 North America Biobased 2,3-Butanediol Major Customers
6.1.5 North America Market Trends and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Biobased 2,3-Butanediol Sales by Company
6.2.1.1 Europe Biobased 2,3-Butanediol Sales by Company (2021-2026)
6.2.1.2 Europe Biobased 2,3-Butanediol Revenue by Company (2021-2026)
6.2.2 Europe Biobased 2,3-Butanediol Sales Breakdown by Type (2021-2026)
6.2.3 Europe Biobased 2,3-Butanediol Sales Breakdown by Application (2021-2026)
6.2.4 Europe Biobased 2,3-Butanediol Major Customers
6.2.5 Europe Market Trends and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Biobased 2,3-Butanediol Sales by Company
6.3.1.1 China Biobased 2,3-Butanediol Sales by Company (2021-2026)
6.3.1.2 China Biobased 2,3-Butanediol Revenue by Company (2021-2026)
6.3.2 China Biobased 2,3-Butanediol Sales Breakdown by Type (2021-2026)
6.3.3 China Biobased 2,3-Butanediol Sales Breakdown by Application (2021-2026)
6.3.4 China Biobased 2,3-Butanediol Major Customers
6.3.5 China Market Trends and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Biobased 2,3-Butanediol Sales by Company
6.4.1.1 Japan Biobased 2,3-Butanediol Sales by Company (2021-2026)
6.4.1.2 Japan Biobased 2,3-Butanediol Revenue by Company (2021-2026)
6.4.2 Japan Biobased 2,3-Butanediol Sales Breakdown by Type (2021-2026)
6.4.3 Japan Biobased 2,3-Butanediol Sales Breakdown by Application (2021-2026)
6.4.4 Japan Biobased 2,3-Butanediol Major Customers
6.4.5 Japan Market Trends and Opportunities
7 Company Profiles and Key Figures
7.1 Zhangjiagang Glory Chemical Industry Co., Limited
7.1.1 Zhangjiagang Glory Chemical Industry Co., Limited Company Information
7.1.2 Zhangjiagang Glory Chemical Industry Co., Limited Business Overview
7.1.3 Zhangjiagang Glory Chemical Industry Co., Limited Biobased 2,3-Butanediol Sales, Revenue and Gross Margin (2021-2026)
7.1.4 Zhangjiagang Glory Chemical Industry Co., Limited Biobased 2,3-Butanediol Products Offered
7.1.5 Zhangjiagang Glory Chemical Industry Co., Limited Recent Development
7.2 Tsinghua Smart Biotech
7.2.1 Tsinghua Smart Biotech Company Information
7.2.2 Tsinghua Smart Biotech Business Overview
7.2.3 Tsinghua Smart Biotech Biobased 2,3-Butanediol Sales, Revenue and Gross Margin (2021-2026)
7.2.4 Tsinghua Smart Biotech Biobased 2,3-Butanediol Products Offered
7.2.5 Tsinghua Smart Biotech Recent Development
7.3 GS Caltex
7.3.1 GS Caltex Company Information
7.3.2 GS Caltex Business Overview
7.3.3 GS Caltex Biobased 2,3-Butanediol Sales, Revenue and Gross Margin (2021-2026)
7.3.4 GS Caltex Biobased 2,3-Butanediol Products Offered
7.3.5 GS Caltex Recent Development
7.4 LanzaTech
7.4.1 LanzaTech Company Information
7.4.2 LanzaTech Business Overview
7.4.3 LanzaTech Biobased 2,3-Butanediol Sales, Revenue and Gross Margin (2021-2026)
7.4.4 LanzaTech Biobased 2,3-Butanediol Products Offered
7.4.5 LanzaTech Recent Development
7.5 Biokemik
7.5.1 Biokemik Company Information
7.5.2 Biokemik Business Overview
7.5.3 Biokemik Biobased 2,3-Butanediol Sales, Revenue and Gross Margin (2021-2026)
7.5.4 Biokemik Biobased 2,3-Butanediol Products Offered
7.5.5 Biokemik Recent Development
8 Biobased 2,3-Butanediol Manufacturing Cost Analysis
8.1 Biobased 2,3-Butanediol Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Biobased 2,3-Butanediol
8.4 Biobased 2,3-Butanediol Industrial Chain Analysis
9 Marketing Channels, Distributors and Customers
9.1 Marketing Channels
9.2 Biobased 2,3-Butanediol Distributors List
9.3 Biobased 2,3-Butanediol Customers
10 Biobased 2,3-Butanediol Market Dynamics
10.1 Biobased 2,3-Butanediol Industry Trends
10.2 Biobased 2,3-Butanediol Market Drivers
10.3 Biobased 2,3-Butanediol Market Challenges
10.4 Biobased 2,3-Butanediol Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
Table of Figures
List of Tables
List of Figures
Related Reports
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.
Published Date: 2026-07-31
Pages: 119
USD 2900.00
(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 Date: 2026-07-31
Pages: 121
USD 4900.00
(Single User License)
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 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.
Published: 2026-07-31
Pages: 119
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 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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