Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
n-Butanol is an alcohol that is produced through petrochemical processes, but can also be produced, like ethanol, through fermentation of sugars derived from corn and agricultural crops. n-butanol is sold primarily as a chemical and is used to produce high value resins and specialty solvents used in a wide variety of formulated products, from paints and coatings to cosmetics and fragrances, to adhesives and inks, and even food flavours and extracts. Moreover, it is also used in plastics and polymers, brake fluids, lubricants, synthetic rubber, fire retardants, and many other applications.
The n- butanol markets has a developing potential owing to the wide industrial application such as automotive, construction and agrochemicals as solvents, ink, paints and adhesives. Moreover, rising disposable income, rapid industrialization and increasing investment of many major players in the market fuels the market growth. However, increasing prices of raw material, shortage of raw material and environment regulations pertaining to n-Butanol may hinder the growth of the market. One of the major trends anticipated to boost the market during the forecast period is the development of bio-butanol for industrial applications.
The report analyses the n-Butanol market on the basis of application, end user and geography.
Based on application, the global n-Butanol market is categorized into butyl acrylate, butyl acetate, glycol ethers, direct solvent, plasticizers and others. In 2017, butyl acrylate segment accounts for the largest market share in terms of value and volume. The wide range of application including automotive coatings, marine coating & textiles and the growth of global solvent market are the major factors fuelling the demand. Furthermore, direct solvents application segment is projected to be grow at a highest pace during the forecast period.
The global n-Butanol market is further bifurcated by end users into chemical industry, food and beverages, textile, agriculture, paints and coatings, petroleum industry, derivative production and others. The chemical industry sector is estimated to account for the largest market share and expected to maintain their dominance throughout the forecast period followed by and paints and coating segment. Increasing application of n-Butanol in wide areas including pharmaceutical, polymers, printing and cosmetics will fuel the market in the future.
By geography, the global n-Butanol market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, and Rest of the world. Asia Pacific is expected to be the fastest-growing region during the prediction period. Factors such as rising industrialization, urbanization and high consumption of n-Butanol in China are driving the growth of n-Butanol market in Asia pacific.
Some of the major players operating in the global n-Butanol market include BASF SE, The Dow Chemical Company, Oxea, Sasol, Petrochina, Eastman, Mitsubishi Chemical Corporation, BASF Petronas Chemicals, Sinopec, KH Neochem, Oxochimie, Andhra Petrochemicals, Azoty Zak Spó³ka Akcyjna, Cobalt Technologies, Green Biologics, etc. The n-Butanol market players are adopting merger, acquisition and product development strategies, to sustain the competition and enhance their customer base. The increase in product extensions and product innovations will strengthen the competitive environment among the market players.
n-butanol is sold primarily as a chemical and is used to produce high value resins and specialty solvents used in a wide variety of formulated products, from paints and coatings to cosmetics and fragrances, to adhesives and inks, and even food flavours and extracts. Moreover, it is also used in plastics and polymers, brake fluids, lubricants, synthetic rubber, fire retardants, and many other applications. The global n-Butanol market is segmented into, application, end user and geography. Based on application, the global n-Butanol market is categorized into butyl acrylate, butyl acetate, glycol ethers, direct solvent, plasticizers and others. The global n-Butanol market is further bifurcated by end users into chemical industry, food and beverages, textile, agriculture, paints and coatings, petroleum industry, derivative production and others. By geography, the global n-Butanol market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, and Rest of the world. Asia Pacific is expected to be the fastest-growing region during the prediction period. Factors such as rising industrialization, urbanization and high consumption of n-Butanol in China are driving the growth of n-Butanol market in Asia pacific. Some of the major players operating in the global n-Butanol market include BASF SE, The Dow Chemical Company, Oxea, Sasol, Petrochina, Eastman, Mitsubishi Chemical Corporation, BASF Petronas Chemicals, Sinopec, KH Neochem, Oxochimie, Andhra Petrochemicals, Azoty Zak Spó³ka Akcyjna, Cobalt Technologies, Green Biologics, etc.
Why to buy this report:
