The global n-Butanol market size is estimated at USD 3.1 billion in 2020 and is projected to reach USD 4.0 billion by 2025, at a CAGR of 5.0%. The global market is largely driven by the increased infrastructural and construction industries. Moreover, the global production of n-Butanol is expected to increase owing to the rising demand for coating from end-use industries. However, fluctuating raw material prices and their scarcity in the future and potential health and environmental hazards associated with solvent-based systems are hampering the demand for n-Butanol.

“Butyl Acrylate application segment to capture highest share in n-Butanol market during the forecast period.”
Butyl acrylate is the largest application of n-Butanol owing to its increasing use in the composition of various copolymers. These copolymers are used in applications such as resins and dispersions for paints, aqueous dispersions for fabrics, varnishes, inks, glues, and adhesives. They can also be used in the production of textile & paper and the synthesis of plastics and other chemicals. Therefore, the increasing growth of paints & coatings, adhesives, textile, plastic, paper, and other industries also drives the consumption of butyl acrylate. Hence, the growing construction activities and infrastructural development owing to the increasing disposable income and a better standard of living of consumers in emerging economies play a pivotal role in the growth of the butyl acrylate application and, in turn, boost the demand for n-butanol.

“APAC is the largest n-Butanol market during the forecast period.”
APAC is the largest market, in terms of value, of the overall market in 2019. The market growth is primarily attributed to the growing population; increasing demand for n-butanol in the formulation of butyl acrylate, butyl acetate, glycol ethers, and plasticizers; and its use as a direct solvent. The market growth in this region is also attributed to higher growth prospects of n-butanol in the automotive application. The growth in industries such as construction, pharmaceuticals, textile, paints & coatings, and automotive in APAC is also driving the demand for n-butanol in this region. Automotive production in China, India, Japan, Malaysia, and South Korea accounted for more than 50% of the vehicle production in APAC. Apart from these, continuous infrastructural development in these countries would boost the demand for n-butanol in the region..

Between 2019 and 2020, the n-Butanol market witnessed a low growth rate due to COVID-19 and the consequent complete lockdown worldwide. This has led to a decrease in the demand for fuels globally, leading to reduced production in oil refineries. Therefore, in 2020, the n-Butanol market is expected to witness a dip.

  • By Company Type – Tier 1: 25%, Tier 2: 50%, and Tier 3: 25%
  • By Designation - Director Level: 30%, C Level: 20%, and Others: 50%
  • By Region - Europe: 30%, North America: 25%, APAC: 20%, South America: 15%, and the Middle East & Africa: 10%

The report profiles several leading players of the n-Butanol market, such BASF (Germany), The DOW Chemical Company (US), Eastman (US), OQ Chemicals (Germany), SASOL (South Africa), BASF PETRONAS (Malaysia), PetroChina (China), Mitsubishi Chemical Company (Japan), SINOPEC (China), and KH Neochem (Japan). The report also includes detailed information about various growth strategies adopted by these key players to strengthen their position in the n-Butanol market.

Research Coverage:
The report offers insights into n-Butanol market in the key regions. It aims at estimating the size of the n-Butanol market during the forecast period and projects future growth of the market across various segments based onapplication, and region. The report also includes an in-depth competitive analysis of the key players in the n-Butanol market, along with company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help leaders/new entrants in the n-Butanol market by providing them with the closest approximations of revenues for the overall market and its various sub-segments. This report will help stakeholders obtain a better understanding of the competitive landscape and gain insights to enhance their businesses and devise suitable market strategies. The report will also help stakeholders understand the pulse of the market and help acquire information on key market drivers, restraints, challenges, and opportunities affecting the growth of the n-Butanol market.