The Global 2,3 Butanediol Market was valued at USD 74.4 Million in 2024 and is projected to reach USD 91.9 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period (2024–2032). This growth is being driven by increasing demand for bio-based chemicals, expansion in food and beverage applications, and significant advancements in fermentation technologies.

As the chemical industry pivots towards sustainability and bio-based intermediates, the focus is on the key producers who are innovating production processes and expanding global supply chains. In this blog, we profile the Top 10 Companies in the 2,3 Butanediol Industry—a group of biotechnology firms and chemical manufacturers shaping the future of this versatile compound.

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🔟 1. Lanzatech

Headquarters: Chicago, Illinois, USA (Global operations including China)
Key Offering: High-Purity 2,3-BDO via Gas Fermentation

Lanzatech is a pioneer in carbon recycling technology, using proprietary microbial processes to convert industrial emissions into high-value chemicals like 2,3-Butanediol. Their innovative approach bypasses traditional sugar feedstocks, offering a unique pathway to sustainable production that has attracted major partnerships worldwide.

Innovation Initiatives:

• World’s first commercial-scale gas fermentation facility for 2,3-BDO

• Strategic alliances with global petrochemical and steel companies

• Focus on carbon-negative chemical production processes

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9️⃣ 2. Yancheng Hongtai Bioengineering Co., Ltd.

Headquarters: Yancheng, Jiangsu, China
Key Offering: 2,3-BDO (Content 90%-95%), Bio-based Chemical Intermediates

Yancheng Hongtai Bioengineering is one of China’s largest producers of 2,3-Butanediol, leveraging extensive fermentation capabilities and proximity to sugarcane molasses feedstock. The company serves both domestic and international markets with cost-effective bio-based solutions.

Innovation Initiatives:

• Large-scale fermentation technology optimization

• Integration with agricultural supply chains for feedstock security

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8️⃣ 3. Yancheng Huade Biological Engineering Co., Ltd.

Headquarters: Yancheng, Jiangsu, China
Key Offering: 2,3-BDO, 1,3-Propanediol, Other Bio-glycols

Yancheng Huade Biological specializes in microbial fermentation for diol production, with significant capacity dedicated to 2,3-Butanediol. The company has established a strong position in the Asian market through consistent quality and competitive pricing.

Innovation Initiatives:

• Continuous process improvement for higher yields

• Expansion into specialty chemical derivatives

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7️⃣ 4. Glory

Headquarters: China
Key Offering: Pharmaceutical and Food Grade 2,3-BDO

Glory has carved a niche in high-purity 2,3-Butanediol segments, focusing on applications requiring stringent quality standards. The company’s investments in purification technologies have positioned it well for growth in premium market segments.

Innovation Initiatives:

• Development of >95% purity grades for specialized applications

• Regulatory compliance for food and pharmaceutical markets

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2,3 Butanediol Market – View in Detailed Research Report

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6️⃣ 5. Jinan Huaming Biochemistry Co., Ltd.

Headquarters: Jinan, Shandong, China
Key Offering: 2,3-BDO, Acetoin, Other Fermentation Products

Jinan Huaming Biochemistry operates integrated biorefineries that produce 2,3-Butanediol alongside related compounds. The company’s diverse product portfolio allows for optimized resource utilization and market flexibility.

Innovation Initiatives:

• Multi-product fermentation platform technology

• Waste-to-value conversion processes

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5️⃣ 6. Spectrum Chemical Mfg. Corp

Headquarters: New Brunswick, New Jersey, USA
Key Offering: High-Purity 2,3-BDO for Research and Pharmaceutical Use

Spectrum Chemical serves as a key distributor and manufacturer of high-purity chemicals for the North American and European markets. Their 2,3-Butanediol products meet rigorous quality standards for research and development applications.

Innovation Initiatives:

• cGMP compliant manufacturing facilities

• Extensive quality control and documentation systems

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4️⃣ 7. Tokyo Chemical Industry Co., Ltd. (TCI)

Headquarters: Tokyo, Japan
Key Offering: Laboratory Grade 2,3-BDO, Chemical Reagents

TCI is a leading global supplier of high-purity chemicals for research and development. The company provides 2,3-Butanediol to academic institutions, pharmaceutical companies, and industrial research laboratories worldwide.

Innovation Initiatives:

• Development of specialty chemical formulations

• Global distribution network for research chemicals

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3️⃣ 8. Merck KGaA

Headquarters: Darmstadt, Germany
Key Offering: High-Purity 2,3-BDO for Life Sciences

Through its Sigma-Aldrich brand, Merck KGaA supplies ultra-pure 2,3-Butanediol to the life sciences and pharmaceutical industries. The company’s stringent quality standards make it a preferred supplier for critical applications.

Innovation Initiatives:

• Pharmaceutical-grade manufacturing capabilities

• Global regulatory compliance expertise

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2️⃣ 9. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Chemical Intermediates, Performance Chemicals

While not a primary producer, BASF utilizes 2,3-Butanediol as an intermediate in various chemical synthesis processes. The company’s extensive chemical portfolio includes derivatives that rely on bio-based diols.

Innovation Initiatives:

• Research into bio-based value chains

• Sustainability-driven product development

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1️⃣ 10. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Specialty Chemicals, Bio-based Materials

DuPont’s industrial biosciences division explores bio-based chemical production, including potential 2,3-Butanediol applications. The company’s strong R&D capabilities position it for future market entry.

Innovation Initiatives:

• Biotechnology research for chemical production

• Sustainable material development programs

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2,3 Butanediol Market – View in Detailed Research Report

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🌍 Outlook: The Future of 2,3 Butanediol Is Sustainable and Diversified

The 2,3 Butanediol market is undergoing a significant transformation. While traditional production methods still dominate, the industry is increasingly investing in sustainable fermentation processes, advanced purification technologies, and new application development.

📈 Key Trends Shaping the Market:

• Rapid expansion of bio-based chemical production in Asia, particularly China

• Growing regulatory support for sustainable chemicals in Europe and North America

• Technological advancements in fermentation yield and efficiency

• Increasing applications in pharmaceuticals, food additives, and specialty chemicals

Get Full Report Here:
2,3 Butanediol Market – View in Detailed Research Report

The companies listed above are not only producing essential chemical intermediates—they’re pioneering the sustainable transformation of the chemical industry.