What is Global N-butanol Market?
The Global N-butanol Market is a vast and complex entity that encompasses a wide range of industries and applications. N-butanol, also known as normal butanol, is a primary alcohol with a 4-carbon structure and the chemical formula C4H9OH. It 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. It is also a permitted artificial flavoring in the United States, used in butter, cream, fruit, rum, whiskey, ice cream and ices, candy, baked goods and cordials. It is also used in a wide range of consumer products.
Industrial Grade, Reagent Grade in the Global N-butanol Market:
The Global N-butanol Market is segmented into two main categories: Industrial Grade and Reagent Grade. Industrial Grade N-butanol is primarily used in the production of butyl acrylate, butyl acetate, glycol ethers, and as a direct solvent. It is also used in the manufacture of pharmaceuticals, polymers, pyroxylin plastics, herbicide esters, printing inks, coatings, and textiles. Reagent Grade N-butanol, on the other hand, is used in laboratories for research and development purposes. It is a high-purity product that is suitable for use in a wide range of laboratory procedures. Despite the differences in their applications, both grades of N-butanol play a crucial role in the global market.
Butyl Acrylate, Butyl Acetate, Glycol Ethers, Direct Solvent, Other in the Global N-butanol Market:
N-butanol is used in a variety of applications, including as a solvent in the production of butyl acrylate, butyl acetate, and glycol ethers. Butyl acrylate is a key ingredient in the production of paints and coatings, while butyl acetate is used in the manufacture of adhesives and sealants. Glycol ethers are used in a variety of applications, including as solvents in paints and cleaners. N-butanol is also used as a direct solvent in a variety of industrial applications, including in the production of textiles, paper, and resins. Other uses of N-butanol include its use in the production of plasticizers, safety glass, rubber, and brake fluids.
Global N-butanol Market Outlook:
The global N-butanol market has shown significant growth in recent years. In 2022, the market was valued at US$ 6853 million. This figure is expected to increase to US$ 8864.4 million by 2029, representing a compound annual growth rate (CAGR) of 3.7% during the forecast period from 2023 to 2029. This growth is driven by a variety of factors, including increasing demand for butyl acrylate in various industries, growing use of N-butanol as a solvent in the production of pharmaceuticals and cosmetics, and rising demand for bio-based N-butanol due to environmental concerns. However, the market also faces several challenges, including fluctuating raw material prices and stringent environmental regulations. Despite these challenges, the global N-butanol market is expected to continue its upward trajectory in the coming years, driven by increasing demand from emerging economies and new applications in various industries.
| Report Metric | Details |
| Report Name | N-butanol Market |
| Accounted market size in 2022 | US$ 6853 in million |
| Forecasted market size in 2029 | US$ 8864.4 million |
| CAGR | 3.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | BASF, Dow Chemical Company, 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 |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
