What is Global Butyl Alcohol (1-Butanol) Market?
The Global Butyl Alcohol (1-Butyl Alcohol) Market is a vast and dynamic sector that encompasses a wide range of applications and industries. This market revolves around the production, distribution, and use of Butyl Alcohol, also known as 1-Butanol. This chemical compound is a primary alcohol with a 4-carbon structure and the molecular formula C4H9OH. It is one of the group of "fusel alcohols", which have more than two carbon atoms and have significant solubility in water. Butyl Alcohol is used in a variety of applications, from being a solvent in industrial processes, to being a component in brake fluids, to being used in the manufacture of pharmaceuticals and cosmetics. It is also used as a base for the production of other chemicals in the plastic and textile industries.
Biobutanol, Chemical Butanol in the Global Butyl Alcohol (1-Butanol) Market:
Biobutanol and Chemical Butanol are two key aspects of the Global Butyl Alcohol (1-Butanol) Market. Biobutanol is a biofuel that is produced from biomass, such as crop residues, sugarcane, and corn, through a fermentation process. It is considered a renewable alternative to petroleum-based butanol. On the other hand, Chemical Butanol is produced from propylene through a chemical process known as hydroformylation. This process involves the reaction of propylene with carbon monoxide and hydrogen in the presence of a catalyst. Both Biobutanol and Chemical Butanol have their unique advantages and uses, and their production and distribution form a significant part of the Global Butyl Alcohol (1-Butanol) Market.
Fermentation, Chemical Synthsis in the Global Butyl Alcohol (1-Butanol) Market:
The Global Butyl Alcohol (1-Butanol) Market finds its usage in two main areas: Fermentation and Chemical Synthesis. In the fermentation process, Butyl Alcohol is produced by the anaerobic fermentation of sugars, starches, or cellulose. This process is similar to the one used in the production of ethanol and is carried out by certain types of bacteria. The resulting Butyl Alcohol can be used as a biofuel or as a solvent in various industrial processes. In chemical synthesis, Butyl Alcohol is produced from propylene through a process known as hydroformylation. This Butyl Alcohol is used as a solvent in the production of other chemicals, as well as in the manufacture of pharmaceuticals, cosmetics, and brake fluids.
Global Butyl Alcohol (1-Butanol) Market Outlook:
The Global Butyl Alcohol (1-Butanol) Market is a thriving sector with a promising future. In 2022, the market was valued at US$ 7275.4 million and is projected to reach US$ 8429.4 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 2.1% during the forecast period from 2023 to 2029. The USA holds the largest share of the market, accounting for about 27% of the total. China follows closely behind, with a market share of about 24%. The top three companies in the market hold about 40% of the total market share. This data paints a picture of a market that is dominated by a few key players, but also has room for growth and competition.
| Report Metric | Details |
| Report Name | Butyl Alcohol (1-Butanol) Market |
| Accounted market size in 2023 | US$ 7275.4 million |
| Forecasted market size in 2030 | US$ 8429.4 million |
| CAGR | 2.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| 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, DuPont, Oxea Group, Eastman Chemical Company, Formosa Plastic Group, China Nation Petroleum, Sinopec Group, Sasol Limited, Kyowa Hakko, The Kaiteki Company, Yankuang Group, Bohai Chemical Industry Co.,Ltd |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
