N-butanol is an essential feedstock for assembling manufacturing synthetics, for instance, butyl acrylate, glycol ethers, butyl acidic corrosive derivation and plasticizers. It helps a basic component in making direct dissolvable for varnishes, paints, coatings, saps, camphor, hues, fats vegetable oils, waxes, shellac, rubbers, and alkaloids and different modern applications.
The Global n-Butanol Market is expected to reach USD 5.86 billion by 2025, from USD 4.21 billion in 2017 growing at a CAGR of 5.7% during the forecast period of 2018 to 2025.
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According to American Coating Association, U.S. exported USD 2.3 billion of paint and coatings products in 2014. Furthermore, China was the tiered largest export market for the U.S. paints and coating products and valued at USD 90.0 million in and Japan and U. K. comes under the top five leading export markets for U.S. paint and coatings products in 2014, at USD 41 million and USD 39 million, respectively. The rise in demand for the paints and coating across the world will drive the demand for n-butanol.
- Increasing use of butyl acrylate
- High demand for construction industry in emerging countries
- Increasing use of n-butanol as bio-fuel
- Volatility in raw material prices
- Low consumption of Dop (Bis (2-Ethylhexyl) Phthalate) in Europe and North America
Segmentation: Global n-Butanol Market
- Butyl Acrylate
- Butyl Acetate
- Glycol Ethers
- Direct Solvent
By End-user industry
- Fats Vegetable Oils
- North America
- South America
- Middle East & Africa
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Competitive Landscape: Global n-Butanol Market
The global n-butanol market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of n-butanol market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global n-Butanol Market
The key players operating in the global n-butanol market are –
- BASF SE
- The Dow Chemical Company
The other players in the market are Eastman, Mitsubishi Chemical Corporation, BASF Petronas Chemicals, Sinopec, KH Neochem, Oxochimie, Andhra Petrochemicals, Azoty Zak Spó³ka Akcyjna, Cobalt Technologies, Green Biologics, China National Petroleum Corporation (CNPC), Cobalt Technologies, Formosa Plastics Corp, INEOS Oxide Ltd, Perstorp Holding AB, and Saudi Kayan Petrochemical Company and many more.
Research Methodology: Global n-Butanol Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global n-butanol market
- Analyze and forecast the n-butanol market on the basis of application and end-user
- Trends of key regional and country-level markets for application and end-user
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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