Butyl Alcohol Market Foreseen to Draw a Promising Growth of $6.305 Billion by 2025 | Top Key Vendors - BASF, Dow Chemical, Oxea Group, Eastman, SINOPEC, Sasol

BusinessIndustryReports has recently broadcasted a new study to its broad research portfolio, which is titled as “Global Butyl Alcohol Market” Research Report 2020 provides an in-depth analysis of the Butyl Alcohol with the forecast of market size and growth. The analysis includes addressable market, market by volume, market share by business type and by segment (external and in-house). The research study examines the Butyl Alcohol on the basis of a number of criteria, such as the product type, application, and its geographical presence.

Global Butyl Alcohol Market Overview:

The Global Butyl Alcohol Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Butyl Alcohol Market size to maintain the average annual growth rate of 0.0320049028451 from $5.912 Billion in 2015 to $6.498 Billion in 2019, market analysts believe that in the next few years, Butyl Alcohol Market size will be further expanded, we expect that by 2025, The market size of the Butyl Alcohol will reach $6.305 Billion.

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Major key factors driving the growth of the Global Butyl Alcohol Market are demand for butyl alcohol from the agricultural, growing demand for the environmentally friendly, low VOC water-based paints, coatings, inks and adhesives.

The Global Butyl Alcohol Market is segmented on the basis of Type, Application and Region. Based on the Type, the Global Butyl Alcohol Market is sub-segmented into Bio-Butyl Alcohol, Chemical Butyl Alcohol and others. On the basis of Application, the Global Butyl Alcohol Market is classified into Solvent, Synthetic raw materials, Extraction agent and others.

In terms of the geographic analysis, The Butyl Alcohol Market in North America is expected to grow at the highest CAGR during the forecast period. Moreover, the presence of major players in the Butyl Alcohol Market ecosystem results in the increasing adoption of these systems in North America.

Global Business News:

BASF (September 22, 2020) - BASF plans realignment of Global Business Services unit - BASF’s Global Business Services unit is being further developed. The division was established as of January 1, 2020, as part of the implementation of BASF’s corporate strategy. As of that date, around 8,400 employees worldwide transferred to Global Business Services and since then have been providing services for BASF’s business units, ranging from financial and logistical processes to services in the areas of communication, human resources, environment, health and safety.

Following the bundling of services and resources and the implementation of a wide-ranging digitalization strategy, the number of employees in Global Business Services worldwide will decline by up to 2,000 by the end of 2022. From 2023 onward, the unit expects to achieve annual cost savings of over €200 million. “Overall, with these planned measures, we will make a considerable contribution to BASF Group’s efficiency,” said Marc Ehrhardt, head of the Global Business Services division.

“By fundamentally simplifying processes and utilizing digital solutions, we want to meet the needs of the BASF business units flexibly and competitively,” said Ehrhardt, describing the objective. As part of this, more services than before will be bundled in hubs, which will offer as many services as possible for the units in the BASF Group. Details of the planned realignment will be worked out in the coming months. Employee representatives will be involved according to local rules and regulations.

Purchase this report online with 90 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Butyl Alcohol Market Report 2020” @ https://www.businessindustryreports.com/buy-now/271149/single .

Top Leading Key in Players Global Butyl Alcohol Market: BASF, Dow Chemical Company, Oxea Group, Eastman Chemical Company, Formosa Plastic Group, China Nation Petroleum, SINOPEC, Sasol Limited, Kyowa Hakko, The Kaiteki Company and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.

With the presence of a large pool of participants, the Global Butyl Alcohol Market is displaying a highly competitive business landscape, finds a new research report by Business Industry Reports (BIR). BASF, Dow Chemical Company, Oxea Group, Eastman Chemical Company, Formosa Plastic Group, China Nation Petroleum, SINOPEC, Sasol Limited, Kyowa Hakko, The Kaiteki Company are some of the key vendors of Butyl Alcohol across the world. These players across Butyl Alcohol Market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products.

Region segment: Butyl Alcohol Market report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Butyl Alcohol in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America

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Major Points in Table of Contents:

Global Butyl Alcohol Market Report 2020

1 Butyl Alcohol Product Definition

2 Global Butyl Alcohol Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Butyl Alcohol Shipments

2.2 Global Manufacturer Butyl Alcohol Business Revenue

2.3 Global Butyl Alcohol Market Overview

2.4 COVID-19 Impact on Butyl Alcohol Industry

3 Manufacturer Butyl Alcohol Business Introduction

3.1 BASF Butyl Alcohol Business Introduction

3.2 Dow Chemical Company Butyl Alcohol Business Introduction

3.3 Oxea Group Butyl Alcohol Business Introduction

3.4 Eastman Chemical Company Butyl Alcohol Business Introduction

3.5 Formosa Plastic Group Butyl Alcohol Business Introduction

3.6 China Nation Petroleum Butyl Alcohol Business Introduction

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