n-Butanol, with the chemical formula C4H9OH, is a colorless liquid alcohol characterized by its distinctive odor. It serves as both an industrial solvent and an intermediate in the production of several chemicals, including butyl acrylate, butyl acetate, and glycol ethers.
The primary grades of n-butanol include pharmaceuticals, industrial, and chemicals. The pharmaceuticals grade is specifically tailored for the production of medicines and pharmaceutical products. Its manufacturing processes involve oxyhydrogenation of propylene, oxidation of butane, and biomass fermentation. These processes yield a range of derivatives used in direct solvents, plasticizers, and various applications across industries such as paints, coatings, chemicals, textiles, agriculture, construction, food and beverages, transportation, and pharmaceuticals.
The n-butanol market research report is one of a series of new reports that provides n-butanol market statistics, including the n-butanol industry global market size, regional shares, competitors with n-butanol market share, detailed n-butanol market segments, market trends, and opportunities, and any further data you may need to thrive in the n-butanol industry. These n-butanol market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The n-butanol market size has grown strongly in recent years. It will grow from $3.37 billion in 2023 to $3.55 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historical period can be attributed to the expansion of the construction industry, rising demand for plasticizers, increased use of coatings and paints, higher production of agrochemicals, and growing disposable incomes.
The n-butanol market size is expected to see strong growth in the next few years. It will grow to $4.45 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to the increasing demand for bio-based chemicals, expansion of the personal care industry, growth in food processing activities, rising automotive production, and increased infrastructure development projects. Major trends expected during this period include advancements in production technologies, greater adoption of sustainable chemical manufacturing practices, increased focus on reducing carbon footprint, and higher investments in research and development.
The increasing demand for sustainable fuel is projected to drive growth in the n-butanol market in the future. Sustainable fuel refers to renewable energy sources that are low-carbon and environmentally friendly, aiming to reduce dependence on finite fossil fuels and address climate change. Factors contributing to this demand include heightened awareness of climate change, stricter environmental regulations, advancements in renewable energy technologies, and efforts towards energy security and independence. n-butanol is advantageous as a sustainable fuel because it can be derived from renewable biomass, offers higher energy content and lower emissions compared to ethanol, and is compatible with existing gasoline engines. For instance, the International Energy Agency (IEA) reported a significant increase in global investments in clean energy from $1.4 trillion in 2021 to $1.74 trillion in 2023, underscoring the growing commitment to environmentally sustainable practices. Therefore, the increasing demand for sustainable fuel is a driving force behind the n-butanol market.
The expanding demand within the construction industry is anticipated to propel growth in the n-butanol market moving forward. The construction industry encompasses activities related to infrastructure planning, design, construction, and maintenance. The rise in demand within this sector can be attributed to population growth, urban development, infrastructure improvements, and government investments in construction projects. n-butanol contributes significantly to the construction industry by enhancing the performance and sustainability of materials and processes. Its use as a solvent in coatings and adhesives, as an intermediate in chemical synthesis, and as a sustainable fuel for construction machinery enhances efficiency and reduces environmental impact. For example, according to the Bureau of the Census, construction spending in March 2024 reached an annual rate of $2.08 trillion, marking a 9.6% increase from March 2023, with spending totaling $461 billion in the first three months of 2024, a 10.6% increase over the same period in 2023. Hence, the growing demand within the construction industry is a key driver of the n-butanol market.
Leading companies in the n-butanol market are advancing with innovative solutions, such as various isomers of n-butanol, aimed at enhancing product performance, broadening application scopes, and meeting diverse industry requirements. Isomers such as isobutanol offer distinct chemical properties that improve product performance, enhance fuel blending characteristics, and provide superior solvent capabilities. For instance, in August 2021, BPCL Kochi Refinery, an Indian crude oil refinery, introduced ISOBUTANOL (I-Butanol) as part of its Propylene Derivatives Petrochemical Project (PDPP). This launch marks a significant milestone as a distinct isomer of n-butanol, boasting an annual production capacity of approximately 7,000 MT. Its applications span across plasticizers, solvents, adhesives, paints, and coatings. This technological leap underscores BPCL's expansion in the petrochemical product spectrum beyond n-butanol, catering to varied downstream market needs, reducing India's n-butanol imports, and consolidating its position in the global n-butanol market.
Major companies operating in the n-butanol market are China National Petroleum Corporation, BASF SE, Grupa Azoty, The Dow Chemical Company, Saudi Basic Industries Corporation, Thermo Fisher Scientific Inc., Mitsubishi Chemical Corporation, Merck KGaA, Ineos Group Limited, Brenntag AG, Sasol Limited, Arkema S.A., Eastman Chemical Company, PETRONAS Chemicals Group, Jiangsu Huachang Chemical Industry Company Limited, Solventis Ltd, BASF PETRONAS Chemicals Sdn. Bhd., OQ Chemicals GmbH, KH Neochem Co. Ltd., Texmark Chemicals Inc., Santa Cruz Biotechnology Inc., Anhui Shuguang Chemical Group, Finar Limited, Tokyo Chemical Industry Co. Ltd., Pacific Texchem Private Limited, Andhra Petrochemicals Ltd.
Asia-Pacific was the largest region in the n-butanol market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the n-butanol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the n-butanol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The n-butanol market consists of sales of adhesives, sealants, lubricants, printing inks, and cosmetics. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The primary grades of n-butanol include pharmaceuticals, industrial, and chemicals. The pharmaceuticals grade is specifically tailored for the production of medicines and pharmaceutical products. Its manufacturing processes involve oxyhydrogenation of propylene, oxidation of butane, and biomass fermentation. These processes yield a range of derivatives used in direct solvents, plasticizers, and various applications across industries such as paints, coatings, chemicals, textiles, agriculture, construction, food and beverages, transportation, and pharmaceuticals.
The n-butanol market research report is one of a series of new reports that provides n-butanol market statistics, including the n-butanol industry global market size, regional shares, competitors with n-butanol market share, detailed n-butanol market segments, market trends, and opportunities, and any further data you may need to thrive in the n-butanol industry. These n-butanol market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The n-butanol market size has grown strongly in recent years. It will grow from $3.37 billion in 2023 to $3.55 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historical period can be attributed to the expansion of the construction industry, rising demand for plasticizers, increased use of coatings and paints, higher production of agrochemicals, and growing disposable incomes.
The n-butanol market size is expected to see strong growth in the next few years. It will grow to $4.45 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to the increasing demand for bio-based chemicals, expansion of the personal care industry, growth in food processing activities, rising automotive production, and increased infrastructure development projects. Major trends expected during this period include advancements in production technologies, greater adoption of sustainable chemical manufacturing practices, increased focus on reducing carbon footprint, and higher investments in research and development.
The increasing demand for sustainable fuel is projected to drive growth in the n-butanol market in the future. Sustainable fuel refers to renewable energy sources that are low-carbon and environmentally friendly, aiming to reduce dependence on finite fossil fuels and address climate change. Factors contributing to this demand include heightened awareness of climate change, stricter environmental regulations, advancements in renewable energy technologies, and efforts towards energy security and independence. n-butanol is advantageous as a sustainable fuel because it can be derived from renewable biomass, offers higher energy content and lower emissions compared to ethanol, and is compatible with existing gasoline engines. For instance, the International Energy Agency (IEA) reported a significant increase in global investments in clean energy from $1.4 trillion in 2021 to $1.74 trillion in 2023, underscoring the growing commitment to environmentally sustainable practices. Therefore, the increasing demand for sustainable fuel is a driving force behind the n-butanol market.
The expanding demand within the construction industry is anticipated to propel growth in the n-butanol market moving forward. The construction industry encompasses activities related to infrastructure planning, design, construction, and maintenance. The rise in demand within this sector can be attributed to population growth, urban development, infrastructure improvements, and government investments in construction projects. n-butanol contributes significantly to the construction industry by enhancing the performance and sustainability of materials and processes. Its use as a solvent in coatings and adhesives, as an intermediate in chemical synthesis, and as a sustainable fuel for construction machinery enhances efficiency and reduces environmental impact. For example, according to the Bureau of the Census, construction spending in March 2024 reached an annual rate of $2.08 trillion, marking a 9.6% increase from March 2023, with spending totaling $461 billion in the first three months of 2024, a 10.6% increase over the same period in 2023. Hence, the growing demand within the construction industry is a key driver of the n-butanol market.
Leading companies in the n-butanol market are advancing with innovative solutions, such as various isomers of n-butanol, aimed at enhancing product performance, broadening application scopes, and meeting diverse industry requirements. Isomers such as isobutanol offer distinct chemical properties that improve product performance, enhance fuel blending characteristics, and provide superior solvent capabilities. For instance, in August 2021, BPCL Kochi Refinery, an Indian crude oil refinery, introduced ISOBUTANOL (I-Butanol) as part of its Propylene Derivatives Petrochemical Project (PDPP). This launch marks a significant milestone as a distinct isomer of n-butanol, boasting an annual production capacity of approximately 7,000 MT. Its applications span across plasticizers, solvents, adhesives, paints, and coatings. This technological leap underscores BPCL's expansion in the petrochemical product spectrum beyond n-butanol, catering to varied downstream market needs, reducing India's n-butanol imports, and consolidating its position in the global n-butanol market.
Major companies operating in the n-butanol market are China National Petroleum Corporation, BASF SE, Grupa Azoty, The Dow Chemical Company, Saudi Basic Industries Corporation, Thermo Fisher Scientific Inc., Mitsubishi Chemical Corporation, Merck KGaA, Ineos Group Limited, Brenntag AG, Sasol Limited, Arkema S.A., Eastman Chemical Company, PETRONAS Chemicals Group, Jiangsu Huachang Chemical Industry Company Limited, Solventis Ltd, BASF PETRONAS Chemicals Sdn. Bhd., OQ Chemicals GmbH, KH Neochem Co. Ltd., Texmark Chemicals Inc., Santa Cruz Biotechnology Inc., Anhui Shuguang Chemical Group, Finar Limited, Tokyo Chemical Industry Co. Ltd., Pacific Texchem Private Limited, Andhra Petrochemicals Ltd.
Asia-Pacific was the largest region in the n-butanol market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the n-butanol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the n-butanol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The n-butanol market consists of sales of adhesives, sealants, lubricants, printing inks, and cosmetics. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. n-Butanol Market Characteristics3. n-Butanol Market Trends And Strategies32. Global n-Butanol Market Competitive Benchmarking33. Global n-Butanol Market Competitive Dashboard34. Key Mergers And Acquisitions In The n-Butanol Market
4. n-Butanol Market - Macro Economic Scenario
5. Global n-Butanol Market Size and Growth
6. n-Butanol Market Segmentation
7. n-Butanol Market Regional And Country Analysis
8. Asia-Pacific n-Butanol Market
9. China n-Butanol Market
10. India n-Butanol Market
11. Japan n-Butanol Market
12. Australia n-Butanol Market
13. Indonesia n-Butanol Market
14. South Korea n-Butanol Market
15. Western Europe n-Butanol Market
16. UK n-Butanol Market
17. Germany n-Butanol Market
18. France n-Butanol Market
19. Italy n-Butanol Market
20. Spain n-Butanol Market
21. Eastern Europe n-Butanol Market
22. Russia n-Butanol Market
23. North America n-Butanol Market
24. USA n-Butanol Market
25. Canada n-Butanol Market
26. South America n-Butanol Market
27. Brazil n-Butanol Market
28. Middle East n-Butanol Market
29. Africa n-Butanol Market
30. n-Butanol Market Competitive Landscape And Company Profiles
31. n-Butanol Market Other Major And Innovative Companies
35. n-Butanol Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
n-Butanol Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on n-butanol market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for n-butanol ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The n-butanol market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Grade: Pharmaceuticals; Industrial; Chemicals2) By Production Process: Oxyhydrogenation Of Propylene; Butane Oxidation; Fermentation Of Biomass
3) By Application: Butyl Acrylate; Butyl Acetate; Glycol Ethers; Direct Solvent; Plasticizers; Other Applications
4) By End-Use Industry: Paints And Coatings; Chemicals And Petrochemicals; Textiles; Agriculture; Buildings And Constructions; Food And Beverages; Transportation; Pharmaceuticals
Key Companies Mentioned: China National Petroleum Corporation; BASF SE; Grupa Azoty; The Dow Chemical Company; Saudi Basic Industries Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- China National Petroleum Corporation
- BASF SE
- Grupa Azoty
- The Dow Chemical Company
- Saudi Basic Industries Corporation
- Thermo Fisher Scientific Inc.
- Mitsubishi Chemical Corporation
- Merck KGaA
- Ineos Group Limited
- Brenntag AG
- Sasol Limited
- Arkema S.A.
- Eastman Chemical Company
- PETRONAS Chemicals Group
- Jiangsu Huachang Chemical Industry Company Limited
- Solventis Ltd
- BASF PETRONAS Chemicals Sdn. Bhd.
- OQ Chemicals GmbH
- KH Neochem Co. Ltd.
- Texmark Chemicals Inc.
- Santa Cruz Biotechnology Inc.
- Anhui Shuguang Chemical Group
- Finar Limited
- Tokyo Chemical Industry Co. Ltd.
- Pacific Texchem Private Limited
- Andhra Petrochemicals Ltd.
Methodology
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