Enjoy complimentary customisation on priority with our Enterprise License!
The gamma-butyrolactone market size is forecast to increase by USD 741.1 million at a CAGR of 5.9% between 2023 and 2028. The gamma-butyrolactone (GBL) market is experiencing significant growth due to the beneficial properties of this chemical compound, leading to its widespread adoption in various industries. GBL is known for its ability to act as a solvent, a stabilizer, and an intermediate in the production of other chemicals. Its use in the pharmaceutical sector, particularly for the treatment of certain neurological conditions, is a notable driver for the market. However, the market faces challenges, including reports of adverse health effects such as gastrointestinal disturbances, confusion, drowsiness, urinary incontinence, tremor, myoclonus, and even coma in some cases. These health concerns have led to regulatory restrictions and bans in certain regions. Despite these challenges, the growing demand for battery electric vehicles and their reliance on GBL as a solvent for lithium-ion batteries is expected to drive market growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.