n-Butanol Market Growth Analysis | 2024-2029

Market Insights

The n-butanol market was estimated at USD 3.5 billion in 2023 and is likely to grow at a CAGR of 5.21% during 2024-2029 to reach USD 4.75 billion in 2029.

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What is n-butanol?

n-Butanol is a primary alcohol with a 4-carbon structure and chemical formula C₄H₉OH. It is one of the groups of fusel alcohols that have more than two carbon atoms and are significantly soluble in water. N-butanol occurs naturally as a minor product from the fermentation of sugar and carbohydrates. It is most widely used in the industrial and construction sectors. Some of the most prominent applications of n-butanol are butyl acrylate, butyl acetate, glycol ethers, direct solvents, and plasticizers.

Key Players

Some of the key players in the market are- 

• BASF SE
• The Dow Chemical Company
• Oxea
• Sasol
• Petrochina Company Limited
• Eastman Chemical Company
• Mitsubishi Chemical Corporation
• BASF Petronas Chemicals Sdn. Bhd.
• Sinopec
• KH Neochem
• Oxochimie
• Andhra Petrochemicals Ltd.
• Cobalt Technologies
• Green Biologics Limited.

Market Dynamics

The major factors that are driving the n-butanol market are the organic growth of the construction industry and the increasing use of butyl acetate.

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Segment Analysis

By Application Type

Based on the application type, the market is segmented as butyl acetate, butyl acrylate, glycol ethers, direct solvents, plasticizers, and others. The butyl acrylate segment held the largest share of the market in 2023 and is expected to remain dominant during the forecast period. Butyl acrylates are widely used in industrial & architectural paints, enamels, textiles, and paper finishes. Organic growth of the construction industry is the prime factor behind the dominance of the butyl acrylate segment in the n-butanol market.

Regional Insights

In terms of regions, Asia-Pacific is estimated to be the largest and fastest-growing market during the forecast period. Significant economic development in Asia-Pacific, the growing spending power of consumers, and rapid urbanization are the major factors driving the growth of the Asia-Pacific’s n-butanol market. North America is also expected to offer significant growth opportunities during the forecast period.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The n-butanol market is segmented into the following categories.

By Application Type

• Butyl Acrylate
• Butyl Acetate
• Glycol Ethers
• Direct Solvent
• Plasticizers
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the countries by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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