Global N butanol Market To 2026, Size, Share Analysis by Key Vendors, Growth Rate & Industry Outlook Report
N-butanol is primary alcohol and a vapid fluid of medium instability. It is prevalently utilized as a synthetic moderate to make different synthetics like esters and amino pitches. It is right now moving in purchaser items, and it is utilized as a dissolvable for paints, coatings, stains, fats, oils, waxes, elastic, and plasticizers. In the assembling business, N-butanol is utilized in plastics, polymers, greases, brake liquids, and engineered elastic. It is additionally utilized as a wellspring of fuel.
Throughout the long term, N-butanol has expanded its utilization in the food and refreshment industry as a counterfeit food enhancing. The developing utilization of N-butanol in a few end-use applications is driving the worldwide N-butanol market during the estimate time frame.
N-Butanol is a vital feedstock for gathering delivering synthetic substances which may be utilized as a dissolvable inside the formation of buyer stock. N-Butanol is utilized inside the creating of the covering material of the metals that are utilized in very surprising application in numerous enterprises
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N-butanol is a colorless oxo-alcohol which is used in applications as a solvent and a chemical intermediate. Being a crucial industrial chemical, it is used in a range of applications such as a paint thinning agent and as a starting material for coating resins. It is extensively used in the production of amino resins that are used as curing agents. It is also used as a solvent for cellulosic lacquers and ambient-cured enamels. Growing demand of N-butanol in butyl acrylate is anticipated to augment N-butanol industry growth over the forecast period.
Global Market Overview
The global N-butanol market, which grew from US$X.XX billion in 2015 to US$X.XX billion in 2019, dropped marginally to US$4.46 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.XX billion and increase to US$X.XX billion in 2026 at a CAGR of X.XX%. Cumulatively the market is expected to value US$X.XX billion during the forecast period as compared to US$X.XX billion during the historical period.
Regional Market Overview
The APAC region is expected to account for a majority of N-butanol demand over the forecast period, with the market expected to cumulatively value US$X.XX billion over the forecast period. Europe is expected to be the second largest with a total value of US$X.XX billion, followed by North America (US$X.XX billion), Middle east & Africa (US$X.XX billion) and South America (US$X.XX billion).
End-use Industry in Regional Markets
The APAC market for N-butanol used in the fluorocarbon end use, which grew from US$X.XX billion in 2015 to US$X.XX billion in 2019, dropped marginally to US$X.XX billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.XX billion and increase to US$X.XX billion in 2026 at a CAGR of X.XX%. Cumulatively the market is expected to value US$X.XX billion during the forecast period as compared to US$X.XX billion during the historical period.
N-Butanol Market Country Level Analysis
The n-butanol market is analysed and market size, volume information is provided by country, application, commercial manufacturing process and end-user as referenced above.
The countries covered in the n-butanol market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Market Players
The n-butanol market is highly competitive in nature with various key players including The Dow Chemical Company, BASF SE, OXEA GmbH, Sasol Ltd, Grupa Azoty, Mitsubishi Chemical Corporation, KH Neochem Co Ltd, BASF-PETRONAS Chemicals Sdn. Bhd., Sinopec, Eastman Chemical Company, China National Petroleum Corporation (CNPC), Cobalt Technologies, Formosa Plastics Corp, INEOS Oxide Ltd, Perstorp Holding AB, and Saudi Kayan Petrochemical Company.
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