Global n-butanol demand is projected to grow at a healthy CAGR of 4.34% during the forecast period. N-butanol is a clear, neutral, mobile liquid with a characteristic odour. It shows miscibility with all common solvents, e. g. alcohols, ketones, aldehydes, ethers, glycols, and aromatic and aliphatic hydrocarbons. Its miscibility with water, however, is restricted. N-butanol is used as a solvent and as a feedstock for syntheses. The main commercial route for the production of n-butanol is the oxo process. This comprises the catalytic hydroformylation of propylene with carbon monoxide and hydrogen (syngas), followed by the hydrogenation of the aldehydes formed to give a mixture of n- and isobutanols. The major applications of n-butanol include butyl acrylate and methacrylate esters which consume almost 49% of the total n-butanol, glycol ethers (24%), n-butyl acetate (14%), direct solvent use (7%), plasticizers (4%). Use of n-Butyl acrylate and n-butyl methacrylate comprise nearly half of n-butanol’s demand. The drivers for both of these are emulsified and solution polymers used in latex surface coatings, enamels and lacquers. The consumption of these coatings is heavily dependent on construction and remodelling/maintenance activities. Therefore, the main end uses for n-butanol include construction, industrial, automotive, chemical processing, food and pharmaceutical. Growing demand of surface coatings, enamels and lacquers from the construction sector is expected to drive the demand of n-butanol during the forecast period. Moreover, upcoming new technologies which are producing bio-based n-butanol for fuel purpose are expected to support further demand rise during the forecast period. However, the stringent environmental regulations regarding the volatile organic compounds (VOC) emissions related to n-butanol are expected to hinder the demand growth during the forecast period.
Owing to the impact of COVID-19, n-butanol demand has declined drastically due to nationwide lockdowns and subsequent disruptions in supply chains. Construction and infrastructure sectors were the most severely hit sectors during the pandemic which had an impact on paints, coatings and adhesives industry which have application of n-butanol as solvent. However overall good demand growth has been observed in China from the manufacturing sector due to continuation of production activities after the lockdowns.
Region wise, Asia Pacific region holds the major share of global demand for n-butanol due to growing demand for commercial and residential construction.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
Objective of the Study:
•To assess the demand-supply scenario of n-butanol which covers production, demand and supply of n-butanol market globally.
•To analyse and forecast the market size of n-butanol .
•To classify and forecast global n-butanol market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global n-butanol market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global n-butanol market.
•To identify and analyse the profile of leading players involved in the manufacturing of n-butanol.
Major players for n-butanol globally include BASF, The DOW Chemical Company, Eastman, OQ Chemicals, Sasol, BASF Petronas, PetroChina, Mitsubishi Chemical Company, Sinopec, KH Neochem, and Others.
To extract data for global n-butanol market, primary research surveys were conducted with n-butanol manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global n-butanol market over the coming years.
ChemAnalyst calculated n-butanol demand globally by analyzing the historical data and demand forecast which was carried out considering imported n-butanol, prices, materials used for production of n-butanol . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• n-butanol manufacturers and other stakeholders
•Organizations, forums and alliances related to n-butanol distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as n-butanol manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, global n-butanol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by End Use
Construction, Industrial, Automotive, Chemical Processing, Food and Pharmaceutical
Market, by Application
Butyl Acrylate and Methacrylate Esters, Glycol Ethers, N-Butyl Acetate, Direct Solvent Use, Plasticizers
Market, by Sales Channel
Direct Company Sale, Direct Import, Distributors & Traders, Retailers
Market, by Region
North America, APAC, Europe, MEA, South America
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