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N-Butanol Market worth USD 4.0 Billion by 2025 | Butyl Acrylate, Butyl Acetate, Glycol Ethers, Direct Solvents, Plasticizers

03-23-2021 06:48 AM CET | Industry, Real Estate & Construction

Press release from: ReportsnReports

N-Butanol Market worth USD 4.0 Billion by 2025 | Butyl Acrylate,

Latest research report on "N-Butanol Market" now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.

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The global n-Butanol market size is estimated at USD 3.1 billion in 2020 and is projected to reach USD 4.0 billion by 2025, at a CAGR of 5.0%.

Top Key Players Profiled in the N-Butanol Market:
• BASF (Germany)
• The DOW Chemical Company (US)
• Eastman (US)
• OQ Chemicals (Germany)
• SASOL (South Africa)
• BASF PETRONAS (Malaysia)
• PetroChina (China)
• Mitsubishi Chemical Company (Japan)
• SINOPEC (China)
• KH Neochem (Japan)

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“Butyl Acrylate application segment to capture highest share in n-Butanol market during the forecast period.”
Butyl acrylate is the largest application of n-Butanol owing to its increasing use in the composition of various copolymers. These copolymers are used in applications such as resins and dispersions for paints, aqueous dispersions for fabrics, varnishes, inks, glues, and adhesives. They can also be used in the production of textile & paper and the synthesis of plastics and other chemicals. Therefore, the increasing growth of paints & coatings, adhesives, textile, plastic, paper, and other industries also drives the consumption of butyl acrylate.

“APAC is the largest n-Butanol market during the forecast period.”
APAC is the largest market, in terms of value, of the overall market in 2019. The market growth is primarily attributed to the growing population; increasing demand for n-butanol in the formulation of butyl acrylate, butyl acetate, glycol ethers, and plasticizers; and its use as a direct solvent. The market growth in this region is also attributed to higher growth prospects of n-butanol in the automotive application.

Between 2019 and 2020, the n-Butanol market witnessed a low growth rate due to COVID-19 and the consequent complete lockdown worldwide. This has led to a decrease in the demand for fuels globally, leading to reduced production in oil refineries. Therefore, in 2020, the n-Butanol market is expected to witness a dip.

• By Company Type – Tier 1: 25%, Tier 2: 50%, and Tier 3: 25%
• By Designation - Director Level: 30%, C Level: 20%, and Others: 50%
• By Region - Europe: 30%, North America: 25%, APAC: 20%, South America: 15%, and the Middle East & Africa: 10%

Reason to access this report:
The report will help leaders/new entrants in the n-Butanol market by providing them with the closest approximations of revenues for the overall market and its various sub-segments. This report will help stakeholders obtain a better understanding of the competitive landscape and gain insights to enhance their businesses and devise suitable market strategies.

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ReportsnReports provides customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

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