Press release
Butyl Alcohol Market Reflecting a CAGR of 6.5% by 2028
Butyl Alcohol Market
The Butyl Alcohol Market is estimated to grow significantly at a Compound Annual Growth Rate (CAGR) of 6.5% by 2028. Butyl alcohol, also known as Butanol or Butylhydroxytoluene, is a four-carbon alcoholic compound widely used in various industrial applications.
Butyl alcohol is a straight-chain four-carbon alcohol with the formula (C4H10O). It is a colorless, flammable liquid with a strong, pleasant odor. Butyl alcohol is made from propylene and syngas, which are by-products of the petrochemical process.
Butanol and n-butanol are two different names for butyl alcohol. Butyl alcohol has notable properties such as higher melting and boiling points, better viscosity, better potential as a fuel, and the ability to dissolve in solvents other than water.
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The main uses of butyl alcohol are as an intermediate in perfume synthesis, as an accelerator in rubber synthesis, and as a dewaxing agent in organic dyes and inks.
Butyl alcohol has improved properties compared to other types of products, making it a priority for applications in various end-use industries such as coatings, automotive, construction, agriculture, pharmaceuticals and textiles. In addition, butyl alcohol has very few impurities and has excellent physical properties.
Global Butyl Alcohol Market: Dynamics
The global demand for butyl alcohol in agriculture and coatings sector is expected to increase in the coming years due to its penetration into higher value resins, particularly solvents. Growing demand for low VOC, environmentally friendly water-based paints, coatings, inks and adhesives is expected to augment the growth of the butyl alcohol market during the forecast period.
The plastics and polymers market is growing due to the increasing use of plastic bags, synthetic rubber, and brake fluid, which in turn is expected to contribute to the growth of the global butyl alcohol market.
Growing demand for efficient fuels, fast-acting intermediates such as extractants in pharmaceuticals and artificial foods, introduction of innovative food manufacturing facilities and aging population are the key factors expected to drive the growth of the butyl alcohol market. . Financial instability and regulatory rules are expected to limit the growth of the global butyl alcohol market during the forecast period.
Global Butyl Alcohol Market: Segmentation
By product type
• Bio butanol
• Chemical butanol
Application based
• Middle class
• Moisturizer
• Raw material
End-use industry base
• Paints and coatings
• Fiber
• Polymer
• Pharmacist
• Cosmetics
• Agriculture
• Automobile
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Global Butyl Alcohol Market: Regional Outlook
The global butyl alcohol market can be segmented into seven major regions: North America, Eastern Europe, Asia Pacific, Western Europe, Japan, Latin America, and Middle East & Africa. Increasing urbanization and industrialization is expected to boost the demand for butyl alcohol in the Asia Pacific region. China is expected to become the largest consumer of butyl alcohol due to increasing production facilities.
Butyl alcohol has also benefited from major economies such as North America and Europe. As the construction industry has experienced significant growth in Europe, the demand for butyl alcohol in the region is expected to increase. Also, butyl alcohol growth in North America is expected to increase due to growth in the automotive sector.
Global Butyl Alcohol Market: Key Players
A few examples of some of the key players identified along the global butyl alcohol market value chain are:
• BASF
• chemical company DOW
• SINOPEC (China Petrochemical Corporation)
• Sasol Limited
• OXEA GmbH
• Eastman Chemical Company
• Formosa Plastics Corporation
• Mitsubishi Chemical Co., Ltd.
• Tianjin Bohai Chemical Industry Co., Ltd.
• Green Biologics Co., Ltd.
The research report provides a comprehensive assessment of the market and contains in-depth information, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using appropriate assumptions and methodologies. The research report provides analysis and information based on market segments such as geography, technology, and application.
This report covers a comprehensive analysis of:
• Market segment
• Market dynamics
• Market size
• Offer and demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain
Regional analysis includes:
• A detailed overview of the top markets
• Changing market dynamics of the industry.
• Deep market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products offered
• Potential and niche segments, geographic areas with promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and improve their market position
This report is a compilation of first-hand information from industry analysts, qualitative and quantitative assessments, inputs from industry experts, and industry participants across the value chain.
The report provides an in-depth analysis of driving factors along with key market trends, macroeconomic indicators and segment-based market attractiveness. The report also maps the qualitative impact of different market factors across market segments and geographies.
Highlights of the report:
• A detailed overview of the top markets
• Changing market dynamics of the industry.
• Deep market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products offered
• Potential and niche segments, geographic areas with promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and improve their market position
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