The Global 2,3 Butanediol Market was valued at USD 81 Million in 2022 and is projected to reach USD 98.5 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 2.8% during the forecast period (2024–2029). This steady growth is fueled by the escalating demand for sustainable chemical intermediates, the expansion of the bio-plastics sector, and the versatile applications of 2,3-Butanediol as a solvent and additive across various industries.

As the global economy pivots towards bio-based and environmentally friendly alternatives, the key producers of 2,3 Butanediol are at the forefront of innovation in green chemistry. This blog profiles the Top 10 Companies in the 2,3 Butanediol Industry, highlighting the leaders in fermentation technology, chemical synthesis, and sustainable production methods that are shaping the future of this essential chemical.

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🔟 1. LanzaTech

Headquarters: Skokie, Illinois, USA
Key Offering: Bio-based 2,3 Butanediol produced via gas fermentation

LanzaTech is a global leader in carbon capture and transformation, pioneering a unique gas fermentation process that converts industrial emissions into valuable chemicals like 2,3 Butanediol. Their technology offers a sustainable pathway to production, reducing reliance on fossil fuel feedstocks.

Sustainability Initiatives:

• Carbon recycling technology converting waste gases to chemicals

• Strategic partnerships with major energy and consumer goods companies

• Focus on creating a circular carbon economy

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9️⃣ 2. Yancheng Hongtai Bioengineering Co., Ltd.

Headquarters: Yancheng, Jiangsu, China
Key Offering: High-purity 2,3 Butanediol (Content >95%)

Yancheng Hongtai Bioengineering is a major Chinese manufacturer specializing in bio-based chemicals. The company utilizes advanced fermentation technology to produce high-quality 2,3 Butanediol, serving both domestic and international markets with a strong focus on purity and consistency.

Innovation Focus:

• Optimization of microbial fermentation strains for higher yields

• Expansion of production capacity to meet growing global demand

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

Headquarters: Yancheng, Jiangsu, China
Key Offering: 2,3 Butanediol (90%-95% and >95% purity grades)

As a key player in China’s bio-chemical landscape, Yancheng Huade Biological leverages sophisticated fermentation processes. The company is integral to the regional supply chain, providing essential intermediates for the pharmaceutical, cosmetic, and industrial sectors.

Innovation Focus:

• Process efficiency improvements to reduce production costs

• Development of specialized grades for niche applications

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7️⃣ 4. Glory

Headquarters: China
Key Offering: Bio-derived 2,3 Butanediol

Glory is a significant contributor to the 2,3 Butanediol market, with a strong manufacturing base in China. The company supplies to various downstream industries, emphasizing the role of bio-based chemicals in creating sustainable product value chains.

Strategic Positioning:

• Strong distribution network within Asia-Pacific

• Focus on cost-competitive bio-manufacturing

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6️⃣ 5. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Chemical intermediates, including expertise in diol chemistry

While not a primary producer solely of 2,3 Butanediol, BASF’s vast expertise in chemical synthesis and its commitment to renewable feedstocks position it as an influential player. The company’s research into bio-based value chains impacts the broader market dynamics for chemicals like 2,3 Butanediol.

Sustainability Initiatives:

• Active research in bio-based acrylic acid production pathways using 2,3-BDO

• Commitment to carbon-neutral growth strategies

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5️⃣ 6. TCI Chemicals (Tokyo Chemical Industry)

Headquarters: Tokyo, Japan
Key Offering: High-purity 2,3-Butanediol for research and development

TCI Chemicals is a leading global supplier of high-purity laboratory chemicals. It provides high-grade 2,3-Butanediol to academic, pharmaceutical, and industrial R&D sectors, enabling innovation and the development of new applications for this versatile compound.

Market Role:

• Critical supplier for research institutions and innovation hubs

• Ensuring material availability for testing new downstream applications

Download FREE Sample Report: 2,3 Butanediol Market – View in Detailed Research Report

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4️⃣ 7. Spectrum Chemical Mfg. Corp.

Headquarters: New Brunswick, New Jersey, USA
Key Offering: USP/NF/FCC grade chemicals, including 2,3-Butanediol

Spectrum Chemical is a major supplier of fine chemicals in North America, offering 2,3-Butanediol that meets stringent quality standards for pharmaceutical, food, and cosmetic applications. Their role is crucial in providing high-purity materials for sensitive end-uses.

Quality Focus:

• Supply of compliance-grade materials for regulated industries

• Extensive quality control and documentation

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3️⃣ 8. Merck KGaA

Headquarters: Darmstadt, Germany
Key Offering: High-purity chemicals and life science reagents

Through its Sigma-Aldrich brand, Merck is a key global supplier of 2,3-Butanediol for scientific research and development. The company supports advancements in biotechnology and green chemistry by providing researchers with reliable, high-quality starting materials.

Innovation Support:

• Enabling R&D in bio-plastics and green solvents

• Global logistics network supporting scientific communities

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2️⃣ 9. Alfa Aesar (Thermo Fisher Scientific)

Headquarters: Haverhill, Massachusetts, USA
Key Offering: Research chemicals and metals

Alfa Aesar, part of Thermo Fisher Scientific, is a leading manufacturer and supplier of research chemicals, including 2,3-Butanediol. The company plays a vital role in the innovation ecosystem by supplying materials to laboratories worldwide.

Strategic Role:

• Providing essential materials for academic and industrial research

• Supporting the development of next-generation bio-based products

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1️⃣ 10. Key Regional Producers and Specialized Fermentation Facilities

Headquarters: Various (China, Southeast Asia, Europe)
Key Offering: Cost-competitive 2,3 Butanediol for industrial applications

This segment comprises a network of specialized manufacturers, particularly in Asia, that have developed efficient fermentation capabilities. These companies are crucial for supplying the bulk industrial market, driving down costs, and enabling wider adoption of bio-based 2,3-BDO.

Market Impact:

• Scalable production to meet volume demands from the plastics and solvent industries

• Focus on operational excellence and process optimization

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

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🌍 Outlook: The Future of 2,3 Butanediol is Sustainable and Versatile

The 2,3 Butanediol market is on a clear trajectory towards greater sustainability and application diversity. While traditional chemical production methods persist, the industry is witnessing significant investment in bio-based fermentation routes that utilize renewable feedstocks, reducing the carbon footprint of the final product.

📈 Key Trends Shaping the Market:

• Accelerated adoption of gas fermentation and waste-to-chemicals technologies

• Growing demand for bio-PBT (Polybutylene Terephthalate) and other bio-polyesters

• Expansion of applications in food & beverage as a flavoring agent and humectant

• Increased R&D into deriving platform chemicals like butadiene and methyl ethyl ketone (MEK) from 2,3-BDO

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

The companies leading the 2,3 Butanediol market are not just supplying a chemical; they are enabling the transition to a bio-based economy and unlocking innovative solutions across multiple industries.