Global n-Butanol Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026
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Global n-Butanol Market Outlook:
“The global n-Butanol Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
N-butanol is a type of alcohol produced primarily from petrochemical process. It is also known as n-butyl and has a chemical formula of C4H3OH. N-butanol can also be derived from fermentation of sugar, that is derived from agricultural crops. N-butanol is widely used in manufacturing of high-value specialty resins and specialty solvents, that are used in various products. Products such as paints, coatings, cosmetics, and adhesives contain n-Butanol.
Rising demand for n-Butanol in various end use industries, especially from the paint and coating industries coupled with n-Butanol being increasingly used in preparation of butyl acrylate, butyl acetate, and glycol ethers are major factors driving growth of the global n-Butanol market. In addition, rapid industrialization in emerging economies and growing demand for advanced surface coating solutions across the globe are other major factors anticipated to boost growth of the global n-Butanol market over the forecast period.
However, stringent environmental regulations limiting use of coatings that are manufactured using n-Butanol in developed economies is a major factor restraining growth of the global n-Butanol market. Additionally, volatile raw material prices and increasing availability of substitutes in the market are other major factors expected to hamper growth of the global market over the forecast period.
Currently, the market in Asia Pacific dominates the global n-Butanol market in revenue terms owing to rapid industrialization that is resulting into high demand for products containing n-Butanol and presence of large production facilities for glycol ethers, butyl acrylate, and butyl acetate in emerging economies such as China, India, and Japan.
Moreover, the revenue from the market in Asia Pacific is projected to witness significant growth over the forecast period. The market in North America accounted for second-highest revenue share in the global n-Butanol market, due to growing demand for industrial surface coatings in countries in the region. Revenue from the market in North America is closely followed by markets in Europe, Middle East & Africa, and Latin America respectively.
The market in Middle East & Africa is projected to witness moderate growth over the forecast period, owing to increasing presence of various industries and growing demand for advanced surface coatings that not only provide various benefits but also can be used in harsh environments in countries in the region.
Global n-Butanol market segmentation:
- Direct Solvent
- Butyl Acrylate
- Butyl Acetate
- Glycol Ethers
- Others (esters and biofuel)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Sasol Ltd.
- BASF SE
- Dow Chemical
- OXEA GmbH
- BASF-PETRONAS Chemicals
- Eastman Chemical Company
- Mitsubishi Chemical
- Grupa Azoty
- KH Neochem
- Cobalt Technologies
- Perstorp Holding AB
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