Press release
Butyl Alcohol Market Size(Volume and Value), Competitive Landscape, Recent Industry Trends and Developments 2018-2028
Butyl alcohol is straight chain alcohol with four carbons, having molecular formulae – (C4 H10O)-. It is colorless and flammable liquid with a strong and sweet odor. The raw materials for the production of butyl alcohol are syngas and propylene, produced through petrochemical processes. The other names for butyl alcohol are butanol, n-butanol. The notable properties of butyl alcohol include better melting and boiling point, better viscosity, better potential as a fuel and soluble in solvents & insoluble in water. The primary applications of butyl alcohol are they act as an intermediate in the synthesis of flavoring substance, accelerating agent in rubber synthesis, and dewaxing agent for organic dyes & inks. Butyl alcohol is known to possess improved properties vis-à-vis other product types, which helps them gain preferential applications in various end-use industries, such as coatings, automotive, construction, agriculture, pharmaceutical, and textile. Besides, butyl alcohol has superior property with very low level of impurities.
Global Butyl Alcohol Market: Dynamics
The global demand for butyl alcohol from the agricultural and coating sector is expected to surge in next few years, owing to the penetration in high-value resins, especially solvents. With the increasing demand for the environmentally friendly, low VOC water-based paints, coatings, inks and adhesives are factors expected to surge the growth of the butyl alcohol market throughout the forecast period. The market for the plastic and polymer is growing as the use of plastic bags, synthetic rubber, and brake fluids has increased, which consequently is expected to contribute to the growth of the global butyl alcohol market.
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The increasing demand for efficient fuel, rapid-acting intermediates as extractants in pharmaceuticals and artificial food, introduction of innovative food manufacturing facilities, and aging population are the key factors expected to drive the growth of the butyl alcohol market. The financial instability and regulatory norms are factors expected to restrain the growth of the global butyl alcohol market over the forecast period.
Global Butyl Alcohol Market: Segmentation
The global butyl alcohol market is segmented on the basis of application, product type, end users and regions.
On the basis of product type, the global butyl alcohol market is segmented as:
Biobutanol Chemical butanol
On the basis of application, the global butyl alcohol market is segmented as:
Intermediate Humectant Feedstock Others
On the basis of End-use industry, the global butyl alcohol market is segmented as:
Paints & coating Textiles Polymer Pharmaceutical Cosmetics Agricultural Automotive Others
Global Butyl Alcohol Market: Regional Outlook
The global butyl alcohol market can be segmented into seven key regions, namely North America, Eastern Europe, Asia Pacific, Western Europe, Japan, Latin America, and Middle East & Africa. Increasing urbanization and industrialization is expected to boost the demand for butyl alcohol in Asia Pacific. China is expected to be the major consumer of butyl alcohol owing to increase in the number of production facilities in the country. Moreover, butyl alcohol is been benefited from major economies, such as North America and Europe. The construction industry has witnessed significant growth in Europe, owing to which the demand for butyl alcohol is expected to increase in the region. Besides, the growth of butyl alcohol is expected to increase in North America due to the growth of the automotive sector.
Global Butyl Alcohol Market: Key Players
Examples of some of the key participants identified across the value chain of the global butyl alcohol market are:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
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The report covers exhaustive analysis on:
Regional analysis includes
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
BASF
The DOW Chemical Company
SINOPEC (China Petroleum & Chemical Corporation)
Sasol Limited
OXEA GmbH
Eastman Chemical Company
Formosa Plastic Corporation
Mitsubishi Chemical Corporation
Tianjin Bohai Chemical Industry Co., Ltd.
Green Biologics, Inc.
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends and Issues and Challenges
Competition & Companies involved
Technology
Value Chain
North America (U.S., Canada)
Latin America (Brazil, Mexico, Rest Of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
South East Asia and Pacific (India, ASEAN, Oceania)
China
Japan
Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
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