N-butanol (C4H9OH) or n-butyl alcohol or normal butanol is a clear colorless flammable liquid. It is readily biodegradable with low level of toxicity. N-butanol is used as a feedstock for manufacturing various chemicals including butyl acrylate, butyl acetate, glycol ethers, and plasticizers. It is also used as direct solvent for paints, coatings, varnishes, resins, dyes, camphor, vegetable oils, fats, waxes, shellac, rubbers, and alkaloids. Though butyl acrylate is the major application of n-butanol, direct solvent is an emerging application and is expected to grow at a high rate in the forecast period of 2022 to 2031.
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The Asia-Pacific region is the biggest market of n-butanol, accounting for 51.3% of the global n-butanol consumption by volume in 2022. Growing automotive and marine coatings industries and high demand for industrial and architectural products are driving the demand for n-butanol in the Asia-Pacific region. Increasing application of n-butanol as a feedstock for butyl acrylate and butyl acetate manufacturing is further driving the market. The exorbitant growth and innovation along with the industry consolidations are expected to ascertain a bright future for the n-butanol industry in the region.
Currently, the penetration of n-butanol is largest in the butyl acrylate application and it is increasing in direct solvent applications. The key drivers are growing butyl acrylate manufacturing industry, strong demand in China, and rising investments in Saudi Arabia’s oil & gas downstream sector. Capacity expansions, merger & acquisitions, and technological developments & innovations are identified as key strategies to expand the n-butanol market.
This study estimates its global demand and market size in terms of value for n-butanol in 2022 and projects the expected demand and market value of the same by 2031. As a part of the quantitative analysis, the study segments the global market by application at country level with current market estimation and forecast till 2031. The countries covered in the report are the U.S., Canada, Mexico, Germany, Russia, France, Belgium, Japan, China, India, South Korea, Taiwan, Thailand, Indonesia, Saudi Arabia, South Africa, and Brazil. The segmentation by application includes butyl acrylate, glycol ethers, butyl acetate, direct solvent, and plasticizers.
It also includes company profiling and competitive strategies adopted by various market players including BASF SE (Germany), The Dow Chemical Company (U.S.), BASF-YPC Ltd. (China), OXO Corporation (U.S.), Sasol Ltd. (South Africa), Formosa Plastics Corporation (Taiwan), Eastman Chemical Company (U.S.), Oxichimie SAS (France), KH Neochem Co. Ltd (Japan), and CNPC (China).
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Reasons to buy the report:
From an insight perspective, this research report has focused on various analyses including industry trend analysis, trade analysis, lifecycle analysis, raw material analysis, regulatory landscape, market share analysis of the key players, value-chain analysis, and analysis of company profiles. These analyses discuss basic views on the competitive landscape, emerging- and high-growth segments of the market, high-growth regions and countries, drivers, restraints, opportunities, and the key challenges in the n-butanol market.
The report will help the established as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms, to decide their market growth strategies. Firms that purchase the report could use any one or a combination of four strategies that include mergers & acquisitions, product development/innovation, expansions, and agreements & collaborations to increase their market share.
The report provides insights on the following pointers:
– Market Penetration: Comprehensive information on n-butanol offered by major players in the n-butanol market
– Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the n-butanol market
– Market Development: Comprehensive information of lucrative emerging markets. The report analyzes the market for various n-butanol production technologies across regions
– Market Diversification: Exhaustive information of new products, untapped geographies, recent developments, and investments in the n-butanol market
– Competitive Analysis: In-depth analysis of market shares, strategies, products, and manufacturing capabilities of leading players in the n-butanol market
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