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N-butanol Market Growing at 3.70% CAGR Will Hit 8310 million US$ in 2025

04-18-2019 09:25 AM CET | Science & Education

Press release from: QY Research, Inc. 

N-butanol Market Growing at 3.70% CAGR Will Hit 8310 million US$

N-butanol is a primary alcohol with a 4-carbon structure and the chemical formula C4H9OH. Its isomers include isobutanol, 2-butanol, and tert-butanol. Butanol is one of the group of “fusel alcohols”, which have more than two carbon atoms and have significant solubility in water. N-butanol occurs naturally as a minor product of the fermentation of sugars and other carbohydrates, and is present in many foods and beverages.

The n-butanol industry is mainly in the United States, Europe, Japan and China, among which the United States is the largest country in the production of butanol. The major producers include BASF, Dow, Oxea, Eastman, Formosa, China Nation Petroleum, Kyowa Hakko, etc. BASF is the largest producer in the world, taking 12.44% in the production share in 2017. Dow Company followed as second producer.

The consumption of n-butanol is mainly in the United States, Europe and Asia-Pacific, while Asia-Pacific taking more than 51.84%, United States taking 22.14%. Market of the United States, Europe and Japan n-butanol has matured with excessed capacity, decreasing demand, while for the rest of Asia the demand has rapid growth in demand in recent years.

In Africa, the demand of n-butanol downstream is small. So the producer of n-butanol in Africa, such as Sasol limited, usually exports the n-butanol.

The global N-butanol market was 6440 million US$ in 2018 and is expected to 8310 million US$ by the end of 2025, growing at a CAGR of 3.7% between 2019 and 2025.

This report studies the N-butanol market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of N-butanol in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

BASF

DowDuPont

Oxea Group

Eastman Chemical Company

Formosa Plastic Group

Sasol Limited

Oxochimie

Kyowa Hakko

SABUCO

Perstorp Oxo

Mitsubishi Chemical

PETRONAS Chemicals Group

Optimal Chemicals

LG Chem

Elekeiroz

China Nation Petroleum

Sinopec Group

Yankuang Group

Bohai Chemical Industry Co.,Ltd

Wanhua

Huachang Chemical

Hualu-Hengsheng

Luxi Chemical

Lihuayi Group

Anqing Shuguang Chemical

By the product type, the market is primarily split into

Industrial Grade

Reagent Grade

By the end users/application, this report covers the following segments

Butyl Acrylate

Butyl Acetate

Glycol Ethers

Direct Solvent

Key Regions split in this report:

North America

Asia-Pacific

Europe

Central & South America

Middle East & Africa

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