N-Butanol Market is estimated to grow at a CAGR of 5.6% during 2018 to 2023 Sasol Ltd, BASF SE, Dow Chemical, OXEA, BASF-PETRONAS Chemicals, Eastman, Mitsubishi Chemical, GrupaAzoty, KH Neochem, Sinopec, and Cobalt Technologies

N-Butanol market Size and Growth Rate:
The n-Butanol market was estimated at USD 4.16 Billion in 2018 and is projected to reach USD 5.56 Billion by 2023, at a CAGR of 5.6% between 2018 and 2023

N-Butanol market Overview:
n-Butanol, also called n-butyl, is an alcohol used as an intermediate for production of high value-added resins and special solvents used in a variety of formulated products such as paints and coatings, cosmetics and fragrances, adhesives, ink, camphor, etc. dyes and others. It is also used in various coating applications, such as baking finishes and cross-linked lacquers.

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N-Butanol market Growth Drivers and Restraints:
The increasing use of n-butanol in butyl acetate, butyl acrylate, plasticizers and glycol ethers, due to the high demand for engineering plastics, automotive coatings, marine coatings, adhesives and superabsorbent polymers, will contribute to the steady growth of the market. The growth of the global solvent market can also be attributed to demand of this market. In addition, the preferred use of n-butanol as diluent and reagent in the manufacture of urea-formaldehyde and melamine-formaldehyde resins should create growth potential for the market.

On the other hand, the maturity of the product, the prices of volatile raw materials that affect the rate of production and environmental regulations relating to n-butanol are some of the limiting factors in the world market.
Strategic alliances, mergers and acquisitions with regional companies to increase the market footprint are key market expansion strategies of leading manufacturers around the world.

N-Butanol market Geographic Segmentation:
Increased investment by many important players in developing countries such as China, India, Sweden, Malaysia, Taiwan, South Africa and Saudi Arabia will increase the growth of the sector. Asia Pacific is expected to be the dominant market in terms of volume and is expected to experience strong growth over the forecast period, with China being the largest end-use market. In addition to Asia-Pacific, North America and Europe are expected to have high potential in the n-butanol market in the region due to the development of end-user markets. The US companies play a leading role in the North American n-butanol market. The German market dominates the European market for n-butanol, accounting for the largest share, followed by France. The Middle East and Latin America also expressed positive views on the growth of n-butanol in the region.

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N-Butanol market Key Market Players:
Sasol Ltd, BASF SE, Dow Chemical, OXEA, BASF-PETRONAS Chemicals, Eastman, Mitsubishi Chemical, GrupaAzoty, KH Neochem, Sinopec, Cobalt Technologies, CNPC, INEOS and Formosa Plastics Corp., Saudi Kayan and Perstorp Holding AB are some of the key players of the market.

N-Butanol market Segmentation:
By Type
• Purity: ≥74%
• Purity: ≥99%
• Others

By Application
• Butyl Acrylate
• Butyl Acetate
• Glycol Ethers
• Direct Solvent
• Plasticizers

By Region
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

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