n-Butanol Market Growing Popularity and Emerging Trends

The new report published by The Business Research Company, titled n-Butanol Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the n-butanol market size has grown strongly in recent years. It will grow from $3.37 billion in 2023 to $3.55 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The n-butanol market size is expected to see strong growth in the next few years. It will grow to $4.45 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=16492&type=smp

Growing Demand For Sustainable Fuel Boosts The n-Butanol Market Amid Environmental Concerns
The growing demand for sustainable fuel is expected to propel the growth of the n-butanol market going forward. Sustainable fuel refers to energy sources that are renewable, low-carbon, and environmentally friendly, aiming to reduce reliance on finite fossil fuels and mitigate climate change. The growing demand for sustainable fuel is due to increasing awareness of climate change, stricter environmental regulations, advancements in renewable energy technologies, and the pursuit of energy security and independence. n-butanol is beneficial as a sustainable fuel because it can be produced from renewable biomass, offers higher energy content and lower emissions than ethanol, and is compatible with existing gasoline engines. For instance, in May 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, investments in clean energy on a global scale experienced a notable upsurge from $1,408 billion in 2021 to $1,740 billion in 2023, which unequivocally demonstrates the growing commitment towards environmentally sustainable practices. Therefore, the growing demand for sustainable fuel drives the n-butanol market.

Construction Industry Growth Fuels The n-butanol Market Expansion Via Infrastructure Demand

The growing demand in the construction industry is expected to drive the n-butanol market going forward. The construction industry encompasses all activities related to planning, designing, building, and maintaining infrastructure and buildings. The increasing demand in the construction sector can be attributed to population expansion, urban development, infrastructural advancements, and governmental funding in construction endeavors. n-Butanol plays a significant role in the construction industry by enhancing the performance and sustainability of materials and processes. Its use as a solvent in coatings and adhesives, as an intermediate in chemical synthesis, and as a sustainable fuel for construction equipment makes it a valuable resource for improving construction activities' efficiency and environmental impact. For instance, in May 2024, according to the report published by the Bureau of the Census, a US-based principal agency of the Federal Statistical System, construction spending during March 2024 was estimated at an annual rate of $2,083.9 billion, representing a 9.6% increase compared to March 2023, while during the first three months of 2024, spending amounted to $461.0 billion, showing a 10.6% increase over the same period in 2023. Hence, the growing demand in the construction industry propels the n-butanol market.

The Strategic Development Of n-Butanol Isomers By Leading Companies
Major companies operating in the n-butanol market are developing innovative solutions, such as isomers of n-butanol, to enhance product performance, expand application possibilities, and meet the diverse needs of various industries. Isomers of n-butanol, such as isobutanol, help by providing distinct chemical properties that can enhance product performance, improve fuel blending characteristics, and offer better solvent capabilities. For instance, in August 2021, BPCL Kochi Refinery, an India-based crude oil refinery, launched ISOBUTANOL (I-Butanol), the fourth petrochemical product from its Propylene Derivatives Petrochemical Project (PDPP). This launch includes its status as a different isomer of n-butanol, with a production capacity of around 7,000 MT per annum and applications in plasticizers, solvents, adhesives, paints, and coatings. This technological advancement signifies BPCL's ability to expand its petrochemical product portfolio beyond N-butanol, cater to a broader range of downstream market demands, and significantly reduce India's n-butanol imports while strengthening its position in the overall n-butanol market.

The n-butanol market covered in this report is segmented -

1) By Grade: Pharmaceuticals, Industrial, Chemicals
2) By Production Process: Oxyhydrogenation Of Propylene, Butane Oxidation, Fermentation Of Biomass
3) By Application: Butyl Acrylate, Butyl Acetate, Glycol Ethers, Direct Solvent, Plasticizers, Other Applications
4) By End-Use Industry: Paints And Coatings, Chemicals And Petrochemicals, Textiles, Agriculture, Buildings And Constructions, Food And Beverages, Transportation, Pharmaceuticals

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=16492&type=discount

Major companies operating in the n-butanol market are China National Petroleum Corporation, BASF SE, Grupa Azoty, The Dow Chemical Company, Saudi Basic Industries Corporation, Thermo Fisher Scientific Inc., Mitsubishi Chemical Corporation, Merck KGaA, Ineos Group Limited, Brenntag AG, Sasol Limited, Arkema S.A., Eastman Chemical Company, PETRONAS Chemicals Group, Jiangsu Huachang Chemical Industry Company Limited, Solventis Ltd, BASF PETRONAS Chemicals Sdn. Bhd., OQ Chemicals GmbH, KH Neochem Co. Ltd. , Texmark Chemicals Inc., Santa Cruz Biotechnology Inc., Anhui Shuguang Chemical Group, Finar Limited, Tokyo Chemical Industry Co. Ltd., Pacific Texchem Private Limited, Andhra Petrochemicals Ltd.

Contents of the report:
1. Executive Summary
2. n-Butanol Market Report Structure
3. n-Butanol Market Trends And Strategies
4. n-Butanol Market - Macro Economic Scenario
5. n-Butanol Market Size And Growth
…..
27. n-Butanol Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/n-butanol-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.