N-BUTANOL MARKET TO REACH USD 7.1 BILLION BY 2027 | CAGR 4.8 % – FORENCIS RESEARCH

Global N-Butanol Market: Key Highlights

• According to the new market research report “N-Butanol Market by Type (Industrial and Reagent), by Application (Butyl Acrylate, Butyl Acetate, Glycol Ethers, Direct Solvent, Plasticizers, and Others), Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2020 to 2027)”, the global n-Butanol market is estimated to reach USD 7.1 Billion by 2027 at a CAGR of around 4.8% during the review period.

• N-Butanol is a chemical compound produced through the petrochemical process as well as through fermentation of sugar derived from crops.
• N-Butanol is soluble in water thus it is used as a solvent for many formulated products including inks, paints, adhesives, camphor, dyes, and cosmetics. It is widely used to produce butyl acetate an industrial solvent and artificial flavouring.

Global N-Butanol Market: Key Market Dynamics

• Increasing use of n-butanol in butyl acrylate, butyl acetate, glycol ethers, direct solvent, and plasticizers owing to high demand in marine coatings, automotive coatings, engineering plastics, super absorbent polymers, and adhesives is expected to augment n-butanol industry growth over the forecast period.
• N-butanol is widely used in the solvent-based industrial & architectural paints, enamels, textiles, and paper finishes.
• Growing construction industry in emerging economies is expected to boost the n-butanol market during the review period.
• Growing automotive and textile industry is projected to create a huge market opportunity for the key market players.
• However, volatility in raw material prices remains a major threat to market growth.

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Global N-Butanol Market: Regional Overview

• Asia-Pacific

Asia-Pacific is expected to dominate the global n-Butanol market, due to the presence of large industrial base for application segments such as glycol ether and direct solvents. Moreover, growing various end-use industries including pharmaceuticals, textiles, paints & coatings, food & beverages, and automotive in India, China, and Indonesia will serve as a key driver for industry expansion over the forecast period.  The major growth factors of this market are the increasing population, growing urbanization, and changing lifestyle in these countries.

• North-America

North-America n-butanol market is expected to grow at a significant growth rate due to the industrial expansion in light of mounting personal care, textile, and medical. Moreover, increasing demand for butyl acrylate and glycol ether coupled with low prices of shale gas will stimulate industry expansion. High demand in the personal care sector as it is used as an ingredient in perfumes and as a solvent for the extraction of essential oils will propel the n-butanol market in the North America region during the forecast period.

Global N-Butanol Market: Key Players Overview

• BASF SE.:

BASF SE is one of the leading manufacturers of oxygenated solvents and alcohols. The Company’s portfolio comprised of six business segments including Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. The Chemicals segment consists of the Petrochemicals and Intermediates divisions. The Materials segment consists of Performance Materials and Monomers divisions. The Industrial Solutions segment consists of Dispersions & Pigments and Performance Chemicals divisions. The Surface Technologies segment consists of Catalysts, Coatings and Construction Chemicals divisions. BASF SE has Approximately 3,000 research project and 361 production plant worldwide.

• Dow:

Dow is US-based one of the leading material science company that is a combination of science and technology to develop solutions. The company operates through three business segments namely performance materials & coatings, industrial intermediates & infrastructure and packaging & speciality plastics. Its products serve different applications, including coatings, home and personal care, durable goods, adhesives and sealants, and food and speciality packaging. Besides, the Company operates a global commercial and development network that features eight research and development (R&D) centres.

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