Press release
N-butanol Market to Witness Robust Expansion by 2024– Top Key players like BASF,DowDuPont,Oxea Group,Inc.
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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 is valued at 6440 million US$ in 2018 is expected to reach 8310 million US$ by the end of 2025, growing at a CAGR of 3.7% during 2019-2025.
Market Segment by Manufacturers, this report covers
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
Market Segment by Type, covers
Industrial Grade
Reagent Grade
Market Segment by Applications, can be divided into
Butyl Acrylate
Butyl Acetate
Glycol Ethers
Direct Solvent
Other
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Related Information:
North America N-butanol Market Growth 2019-2024
United States N-butanol Market Growth 2019-2024
Asia-Pacific N-butanol Market Growth 2019-2024
Europe N-butanol Market Growth 2019-2024
EMEA N-butanol Market Growth 2019-2024
Global N-butanol Market Growth 2019-2024
China N-butanol Market Growth 2019-2024
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