3-Hydroxybutyrolactone Market to Undertake Strapping Growth During 2025
3-Hydroxybutyrolactone
is a cyclic C4 compound produced by multiple chemical
transformations. The arrangement of molecule is in such a way that it
forms a total of 12 bonds including 6 non-H bonds, a double bond,
multiple bond, four-membered ring, and an ester.
3-Hydroxybutyrolactone is a building block produced from sugar that
can be formulated into various high value bio-based chemicals or
materials. The chemical synthesis of the compound is a relatively
complex process due to the involvement of multiple steps, and it
cannot be produced via fermentation. It is obtained from malic acid
(2-hydroxysuccinic), which when cyclized, gives hydroxysuccinic
anhydride. Hydroxybutyrolactone is obtained via further reduction of
hydroxysuccinic anhydride. The production process of
3-Hydroxybutyrolactone is a relatively complex, time-consuming, long,
and expensive. Thus, there remains a need for substitutes for the
same or for different cost-effective processes to obtain
3-Hydroxybutrolactone.
Read
Report Overview @
3-Hydroxybutyrolactone
is mostly used in the market, for the derivative compounds such as
new polymers, which can be obtained from it. 3-Hydroxybutyrolactone
is majorly employed in the pharmaceutical industry as a raw material
for the production of different pharmaceuticals. This includes its
usage as a building block in the production of statin class
cholesterol reducing drugs such as Crestor, Lipitor, and antibiotic
drugs such as Zyvox. It is also utilized in the production of
anti-hyperlipidemic drugs such as Zetia. Furthermore, some high
valued HIV inhibitors and nutritional supplements such as L-carnitine
are formulated from 3-Hydroxybutyrolactone.
Therefore,
currently, it is treated in the market as a specialty chemical, and
is produced only for high-value uses with a wholesale cost of $
450/Kg, and hence, it is not produced as a commodity chemical
intermediate. Moreover, the production process of
3-Hydroxybutrolactone involves the usage of expensive starting
materials, reagents, catalysts, purification processes, and hazardous
processing conditions, adding to the overall total cost.
Additionally, the quality of the yield produced out of the production
process is poor, and it leads to the formation of by-products, which
are difficult to separate.
In
terms of geography, the 3-Hydroxybutyrolactone market can be divided
into North America, Europe, Latin America, Asia Pacific, and Middle
East & Africa. Currently, North America contributes a major share
of the global 3-Hydroxybutyrolactone market. Asia Pacific is
projected to dominate the global 3-Hydroxybutyrolactone market during
the forecast period, due to the expansion of its end-user industry in
the region. The pharmaceutical industry in Asia Pacific is
anticipated to expand significantly in the near future. This, in
turn, is expected to boost the 3-hydroxybutyrolactone market in the
region. Moreover, the pharmaceutical industry in Latin America is
anticipated to expand at a steady pace during the forecast period.
Thus, the 3-Hydroxybutyrolactone market in Latin America is estimated
to expand at a considerable growth rate during the forecast period.
Major
players operating in the global 3-Hydroxybutyrolactone market are
Avanscure Lifesciences Pvt. Ltd., A. B. Enterprises, Kalion Inc., and
Kaneka Corporation.
Request
to view Sample Report:
The
3-Hydroxybutyrolactone market is projected to provide lucrative
opportunities, especially in Asia Pacific, led by the expansion of
the pharmaceutical industry in the region. Rise in population and
increase in diseases in developing and underdeveloped countries in
Asia Pacific are fuelling the need for better medical facilities.
However, due to the expensive production processes, there remains a
need for innovative biotechnological ways to develop low cost
fermentation routes.
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Transparency
Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel:
+1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Comments
Post a Comment