The $4.1 billion n-butanol market is witnessing strong growth for bio-based products. Strong demand growth from transportation and other end-user industries is supporting the demand for diverse applications including Butyl Acrylate, Butyl Acetate, Glycol Ethers, Direct Solvents, Plasticizers, and others. The n-Butanol market report provides insights and forecasts of n-Butanol types and applications across 25 countries. In addition, leading n-Butanol companies are also profiled in the industry analysis.
n-Butanol Market Size Outlook (US$ Billion) and Growth Forecasts (%), 2021- 2030
N-Butanol is widely used as a solvent and is used across applications. Further, n-Butanol companies also market products with low-level impurities to be used as raw materials in different chemicals such as coating resins, butyl acetates, butyl acrylate, glycol ethers, and others. Robust increases in building and construction activities in the post-pandemic period are supporting the demand for n-butanol.
The global n-Butanol market size stood at $4.1 billion in 2022. Further, strong end-user industry demand is driving the market outlook. From 2023 to 2030, the n-Butanol market is likely to register a steady revenue increase at a compounded annual growth rate of 5.61 percent to reach $6.3 billion by 2030.
N-Butanol Market Trends- Rapid recovery from the Impact of COVID-19 on n-Butanol Market Growth
During the year 2020, the global n-Butanol market size declined significantly due to demand decline from end-user industries. However, recovering economies, stabilizing supply chain operations, and a rebound in demand from end-user markets are supporting the n-Butanol demand recovery in 2021. The recovery pattern varied across regions with pre-COVID levels likely to be achieved by 2022 and will experience strong growth for the rest of the growth period.
N-Butanol Market Share Analysis- Acrylates (Butyl Acrylate) hold the largest market share for n-Butanol
Acrylates (Butyl Acrylate) are the largest application segment for n-Butanol. Paints and Coatings, adhesives and sealants, resins, and others opt for butyl acrylate to impart low-temperature properties and toughness properties. Further, construction and infrastructure development across emerging countries supports the demand for n-Butanol. Asia Pacific is the largest consumer of Butyl Acrylate, driven by strong demand from end-user industries.
The demand is subject to general economic conditions and global trade is subject to fluctuations in regional markets. Use as feedstock for chemical syntheses supports the demand for Acrylates. We anticipate the demand for Butyl Acrylate to account for 40% of the n-Butanol market in value terms.
N-Butanol Market Opportunities- China accounts for 40% market share of the global n-Butanol Market Size
N-butyl acrylate, acetate, and glycol ethers production determine the market demand for n-Butanol worldwide. In particular, China accounted for over 40% of the global market size. Driven by its wide use as a solvent for diverse organic materials, and as a raw material for coating resins, the product is widely used in Chinese markets. The country also relatively recovered quickly from COVID-19 conditions and manufacturing activities in China resumed quickly than in other parts of the world. Construction and infrastructure activities are also witnessing robust growth in the country, which will support the country’s market growth through 2030.
N-Butanol Market Segmentation
Applications
Companies
1. Executive Summary
1.1 Introduction to N-Butanol Markets
1.2 N-Butanol Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in N-Butanol Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key N-Butanol Market Trends
3.1.1 Bio-based Butanol gaining market penetration
3.1.2 Increasing demand from transportation sector
3.2 Key N-Butanol Market Growth Drivers
3.2.1 Widening applications of n-Butanol for aesthetic appearance
3.2.2 Policy initiatives to promote the use of clean energy sources
3.2.3 Robust growth prospects in Asian countries
3.3 Key N-Butanol Market Growth Restraints
3.3.1 Achieving economies of scale is challenging for small players
3.3.2 Fluctuations in feedstock availability and price volatility
3.3.3 Logistics Bottlenecks
4 N-Butanol Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: N-Butanol Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: N-Butanol Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: N-Butanol Market Size Outlook to 2030
5. N-Butanol Market Segmentation- Outlook by Application
5.1 N-Butanol Market Share Analysis by Application, 2023
5.2 Butyl Acrylate: N-Butanol Market Outlook to 2030
5.3 Butyl Acetate: N-Butanol Market Outlook to 2030
5.4 Glycol Ethers: N-Butanol Market Outlook to 2030
5.5 Direct Solvent: N-Butanol Market Outlook to 2030
5.5 Plasticizers: N-Butanol Market Outlook to 2030
5.7 Others
6. North America N-Butanol Market Outlook and Opportunities to 2030
6.1 Market Snapshot, 2023
6.2 North America N-Butanol Market Growth Opportunities
6.2.1 North America N-Butanol Market Outlook by Type, 2021 to 2030
6.2.2 North America N-Butanol Market Outlook by Application, 2021 to 2030
6.2.3 North America N-Butanol Market Outlook by Country, 2021 to 2030
6.3 United States N-Butanol Market Outlook, 2021 to 2030
6.4 Canada N-Butanol Market Outlook, 2021 to 2030
6.5 Mexico N-Butanol Market Outlook, 2021 to 2030
7. Europe N-Butanol Market Outlook and Opportunities to 2030
7.1 Market Snapshot, 2023
7.2 Europe N-Butanol Market Growth Opportunities
7.2.1 Europe N-Butanol Market Outlook by Type, 2021 to 2030
7.2.2 Europe N-Butanol Market Outlook by Application, 2021 to 2030
7.2.3 Europe N-Butanol Market Outlook by Country, 2021 to 2030
7.3 Germany N-Butanol Market Outlook, 2021 to 2030
7.4 France N-Butanol Market Outlook, 2021 to 2030
7.5 United Kingdom N-Butanol Market Outlook, 2021 to 2030
7.6 Spain N-Butanol Market Outlook, 2021 to 2030
7.7 Italy N-Butanol Market Outlook, 2021 to 2030
7.8 Other Europe N-Butanol Market Outlook, 2021 to 2030
8. Asia Pacific N-Butanol Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 Asia Pacific N-Butanol Market Growth Opportunities
8.2.1 Asia Pacific N-Butanol Market Outlook by Type, 2021 to 2030
8.2.2 Asia Pacific N-Butanol Market Outlook by Application, 2021 to 2030
8.2.3 Asia Pacific N-Butanol Market Outlook by Country, 2021 to 2030
8.3 China N-Butanol Market Outlook, 2021 to 2030
8.4 Japan N-Butanol Market Outlook, 2021 to 2030
8.5 India N-Butanol Market Outlook, 2021 to 2030
8.6 South Korea N-Butanol Market Outlook, 2021 to 2030
8.7 Indonesia N-Butanol Market Outlook, 2021 to 2030
8.8 Other Asia Pacific N-Butanol Market Outlook, 2021 to 2030
9. South and Central America N-Butanol Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 South and Central America N-Butanol Market Growth Opportunities
9.2.1 South and Central America N-Butanol Market Outlook by Type, 2021 to 2030
9.2.2 South and Central America N-Butanol Market Outlook by Application, 2021 to 2030
9.2.3 South and Central America N-Butanol Market Outlook by Country, 2021 to 2030
9.3 Brazil N-Butanol Market Outlook, 2021 to 2030
9.4 Argentina N-Butanol Market Outlook, 2021 to 2030
9.5 Other Latin America N-Butanol Market Outlook, 2021 to 2030
10. Middle East and Africa N-Butanol Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 Middle East and Africa N-Butanol Market Growth Opportunities
10.2.1 Middle East and Africa N-Butanol Market Outlook by Type, 2021 to 2030
10.2.2 Middle East and Africa N-Butanol Market Outlook by Application, 2021 to 2030
10.2.3 Middle East and Africa N-Butanol Market Outlook by Country, 2021 to 2030
10.3 Saudi Arabia N-Butanol Market Outlook, 2021 to 2030
10.4 United Arab Emirates (the UAE) N-Butanol Market Outlook, 2021 to 2030
10.5 Other Middle East N-Butanol Market Outlook, 2021 to 2030
10.6 Egypt N-Butanol Market Outlook, 2021 to 2030
10.7 South Africa N-Butanol Market Outlook, 2021 to 2030
10.8 Other Africa N-Butanol Market Outlook, 2021 to 2030
11. Profiles of major world N-Butanol Companies
11.1 BASF SE
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
11.2 The DOW Chemical Company
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
11.3 Eastman Corp
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
11.4 OQ Chemicals GmbH
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
11.5 SASOL Ltd
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12. Appendix
12.1 Publisher’s Expertise
12.2 List of Tables and Charts
12.3 List of Exhibits
12.4 Legal Disclaimer
Applications
Bio-based Butanol gaining market penetration, increasing demand from transportation sector, Widening applications of n-Butanol for aesthetic appearance, Policy initiatives to promote the use of clean energy sources, Robust growth prospects in Asian countries, and others
The global n-Butanol market size stood at $4.1 billion in 2022.
From 2023 to 2030, the n-Butanol market is likely to register steady revenue increase at a compounded annual growth rate of 5.61 percent to reach $6.3 billion by 2030.
BASF SE, The DOW Chemical Company, Eastman Corp, OQ Chemicals GmbH, SASOL Ltd, and others
Naturally sourced n-Butanol products gaining wide consumer interest across application verticals