Global N-Butanol Market: Market Introduction
The alcohol N-butanol market, also called n-butyl, has the chemical formula C.
H?
OH that is made both by fermentation of sugar obtained from agricultural products and through the petrochemical process. It serves as an intermediate in the production of specialty solvents, high-value resin, adhesives, ink, camphor, and other formulated products like paints and coatings, cosmetics, and fragrances. Additionally, it is utilised in lacquers and cross-linked baking finishes, two coating applications.
N-Butanol Market Dynamics in the World
The rising demand for engineering plastics, automotive coating, marine coating, adhesives, and super absorbent polymers is predicted to drive an increase in the use of n-butanol in butyl acetate, butyl acrylate, plasticizers, and glycol ethers.
Another factor driving the growth of the worldwide n-butanol market is the global solvents market. Additionally, the market for n-butanol is anticipated to expand due to its preferred use as a diluent and reactant in the production of urea-formaldehyde and melamine-formaldehyde resins.
On the other hand, the worldwide n-butanol market is constrained by factors such as product maturity, volatile raw material prices that affect production rate, and environmental laws relevant to n-butanol. Major manufacturers all over the world use strategic alliances, mergers, and acquisitions with regional businesses to increase their market reach.
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Regional Outlook for the Global N-Butanol Market
Numerous large companies are projected to increase their investments in developing nations including China, India, Sweden, Malaysia, Taiwan, South Africa, and Saudi Arabia, among others. China is the main end use market in Asia Pacific, which is anticipated to grow rapidly over the projected period and set records for both volume and growth.
Due to growth in the end use markets, North America and Europe, in addition to Asia Pacific, are anticipated to have high potential in the region’s n-butanol market. The largest market share for N-Butanol in North America is held by the United States. The largest portion is the result of the most agreements and collaborations, as well as expansions that took place as a result of the presence of the main actors in the nation.
With the largest market share in Europe, Germany now controls the n-butanol market, followed by France. Positive feedback for the expansion of n-butanol in the region is also coming from the Middle East and Latin America.
Global N-Butanol Market: Market Segmentation
The global n-butanol market can be segmented based on its application and region. On the basis of application, the market is divided into direct solvent, butyl acrylate, butyl acetate, glycol ethers, and plasticizers, urea–formaldehyde, melamine–formaldehyde, and others.
Examples of some of the key market participants in the global n-butanol market are Sasol Ltd
• BASF SE
• BASF-PETRONAS Chemicals.
• CNPC
• Cobalt Technologies
• Dow Chemical
• Eastman
• Formosa Plastics Corp
• Grupa Azoty
• INEOS
• KH Neochem
• Mitsubishi Chemical
• OXEA
• Saudi Kayan
• Sinopec
• among others.
• and Perstorp Holding AB
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Historical Actual Market Size, 2012 – 2014
- Market Size & Forecast 2015 to 2024
- Supply & Demand Value Chain
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis for Market includes
- North America
- Latin America
- Europe
- Asia Pacific & Japan
- The Middle East and Africa
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