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    Tert Butanol Market Growth Analysis

    Tert Butanol Market Growth Analysis
    Report code - SR2316 Delivery - 2 Weeks
    Tert Butanol Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportu See more...

    Market Insights

    The Tert Butanol Market is expected to grow from USD 512.77 million in 2022 to USD 633.97 million by 2028 at a CAGR of 3.62% during the forecast period.

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    Tert butanol is commercially made as a byproduct of the manufacture of propylene oxide from isobutane. Tert-butanol is a chemical intermediate used in a wide range of goods. It's also commonly utilized as a solvent in a variety of applications. It's also employed as a paint stripper, as well as an alcohol denaturant. Tert-butyl aromatics and tert-butyl esters are utilized as precursors in the manufacture of antioxidants, phenolic resins, medicinal compounds, and perfumes.

    The demand for tert butanol in the automotive and construction paints and coating industries in the region is increasing because of increased demand for vehicle refinish performance and architectural coatings. In addition, in Europe, consumer demand for masking flavors that are used with antioxidants and vitamins to eliminate off-tastes and off-odors is driving the demand for tert butanol. A rise in pharmaceutical R&D spending, the growing popularity of niche fragrances, and a surge in demand for premium perfumes, especially in Western Europe, would continue to fuel the tert butanol market expansion during the forecast period.

    The COVID-19 pandemic had a significant impact on the chemical and industrial sectors, limiting the expansion of the tert butanol market. The situation worsened as a result of the implementation of measures to resist the spread of the pandemic. The performance of the flavors and fragrances, paints and coatings, and medicine industries, among others, has been impacted by sudden distortions in operational efficiencies and disruptions in value chains caused by the sudden shutdown of national and international borders.

    Segments Analysis

    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 market is segmented into the following categories-

    By Purity Type

    • >99 
    •  ≤99 

    By Application Type

    • Solvents and Intermediates 
    • Ethanol Denaturants 
    • MTBEs and ETBEs 
    • Methylmethacrylates (MMAs)
    • Others 

    By End-Use Type

    • Flavors and Fragrances 
    • Paints and Coatings 
    • Pharmaceutical 
    • Others 

    By Region

    • North America 
    • Europe 
    • Asia-Pacific 
    • Rest of the World 

    By Purity Type

    The market is bifurcated into >99 and ≤99. The ≤99 segment is likely to remain the more utilized purity type for tert butanol in the foreseen future.  Tert butanol is a solvent for paints and varnishes, as well as a denaturant for ethanol and other alcohols, with a purity of less than 99 percent. Tert butanol is used in the creation of flotation agents, fruit essences, and perfumes, as well as an anti-knock agent. It's also used in paint removers as an active component.

    By Application Type

    The market is segmented into solvents and intermediates, ethanol denaturants, MTBEs and ETBEs, Methylmethacrylates (MMAs), and others. Among these application types, the solvents and intermediates industry is likely to remain the biggest demand generator for tert butanol during the forecast period. Tert Butanol is a non-reactive solvent that is used to speed up chemical reactions.

    Paints, lacquers, and varnishes use it as a solvent. Tert-butyl chloride, tert-butyl phenol, tert-butyl hydroperoxide, isobutylene, and methyl methacrylate are among the medications and chemicals that utilize the substance as an intermediary. Tert butanol is also employed as an intermediary in the production of various tastes and fragrances.

    Regional Analysis

    In terms of regions, Europe is expected to remain the largest market for tert butanol over the forecast period due to high demand in the automotive and construction paint and coating industries, which is increasing due to increased demand for vehicle refinish performance and architectural coatings. Furthermore, consumer demand for masking flavors, which are used with antioxidants and vitamins to eliminate off-tastes and off-odors, is driving the demand for tert butanol in Europe.

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    Key Players

    Most companies are deploying various strategies regarding product development & differentiation, pricing, brand, technology, and customized products to gain a competitive advantage. The following are some of the key players in the tert butanol market:

    • Alfa Aesar
    • Evonik
    • LyondellBasell Industries Holdings B.V.
    •  Merck KGaA
    • Sisco Research Laboratories Pvt. Ltd.
    • Tiande Chemical Holdings Limited.
    • Tokyo Chemical Industry Co., Ltd.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s tert butanol market realities and future market possibilities for the forecast period of 2023 to 2028. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    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 15 detailed primary interviews with the market players across the value chain in all four regions and 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?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Tert Butanol Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    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 three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

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

    Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQ)

    The tert butanol market is likely to reach USD 633.97 million in 2028.

    The tert butanol market is estimated to grow at a healthy CAGR of 3.62% over the next five years.

    Alfa Aesar, Evonik, Aptar Group, Inc., KURARAY CO., LTD., LOTTE CHEMICAL TITAN HOLDING BERHAD, LyondellBasell Industries Holdings B.V., Merck KGaA, Sisco Research Laboratories Pvt. Ltd., Tiande Chemical Holdings Limited., and Tokyo Chemical Industry Co., Ltd. are some of the key players in the market.

    Europe is estimated to be dominant in the tert butanol market in the coming years. Consumer demand for masking flavors that are used with antioxidants and vitamins to eliminate off-tastes and off-odors is driving the demand for tert butanol.

    The solvents and intermediates application is expected to maintain its market dominance over the next five years. Tert Butanol is a nonreactive solvent that can be used to speed up chemical reactions. It is a solvent used in paints, lacquers, and varnishes.

    Demand for tert butanol in the automotive and construction paint and coating industries in the region is increasing because of increased demand for vehicle refinish performance and architectural coatings.

    The market is studied from 2017 - 2028.


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