According to the ChemAnalyst report titled “Global n-Butanol Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, Manufacturing Process, 2015-2032,” the global n-Butanol market has experienced strong demand in recent years and is expected to reach approximately 8200 thousand tonnes at a healthy Compound Annual Growth Rate (CAGR) of 4.39% during the forecast period until 2032. This growth is primarily driven by n-Butanol’s application in end-use industries such as n-butyl acrylate, n butyl acetate, Direct Solvent, and Plasticizer.
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n-Butanol is a colorless liquid with the chemical formula C₄H₉OH, and it is a versatile chemical that finds wide application across various industries. On an industrial scale, n-Butanol is produced through the oxo process, where carbon monoxide and hydrogen are added to the carbon double bond of propylene in the presence of a catalyst, typically cobalt hydrocarbonyls. This process results in the production of 1-butanol as the major product and isobutanol as the minor product. n-Butanol serves as a solvent for paints, varnishes, resins, gums, vegetable oils, dyes, alkaloids, as well as natural and synthetic resins. It is also used in coating textiles, as a cleaner, polisher, and as an additive in gasoline and brake fluid. Additionally, n-Butanol is employed in a range of consumer goods, including beauty, nail care, hygiene, and grooming products. The substance is even used as an artificial flavoring in various food and beverages. It plays a role in food preparation, such as in the production of hop extract for brewing beer.
The high demand for n-Butanol as a solvent, coating, and chemical intermediate for butyl acetate, ethers, and other chemicals is driving the n-Butanol market. In particular, the demand for n-Butanol in the synthesis of critical chemicals like n-Butyl Acrylate, which finds applications in various industries, including paints, coatings, lubricants, and varnishes, is expected to boost the n-Butanol market. The demand for paints and coatings is anticipated to rise due to increased construction projects and infrastructure development worldwide, further contributing to the expansion of the n-Butanol market. The automotive sector’s demand for paints, varnishes, and coatings is also a significant factor in the market’s growth.
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https://www.chemanalyst.com/industry-report/n-butanol-market-618
In terms of regional consumption, Asia Pacific leads the n-Butanol market. The region is expected to continue its dominance in the global n-Butanol market due to the growing use of n-Butanol as a solvent in paints, coatings, and adhesives in end-use industries such as automotive, building, and construction. The region’s rapid development and construction activities, along with government initiatives such as the Pradhan Mantri Awas Yojna-Urban (PMAY-U) program in India, are further contributing to the expansion of the n-Butanol market.
By end-use, the global n-Butanol market is segmented into n-butyl acrylate, n butyl acetate, Direct Solvent, Plasticizer, and Others. Among these, the n-butyl acrylate industry is dominating the market, accounting for approximately 38% of the market share in 2022. n-Butanol is also used in the production of n-butyl acetate, a transparent solvent with excellent solubility for cellulose nitrate, plastics, polymers, and hydrocarbons. It is employed in various industries, including paint, ink, chemicals, and leather. Another derivative of n-Butanol, n-butyl acrylate, is widely used in coatings to provide stability at low temperatures and is applied in various industries, including paints, textiles, paper, adhesives, inks, fibers, and rubber.
Key players in the global n-Butanol market include OQ Chemicals, The Dow Chemical Company, Sasol Limited, INEOS Group Limited, BASF SE, Formosa Plastics Corporation, PetroChina Company Limited, Yancon Cathay Coal Chemicals Co. Ltd., Shandong Hualu Hengsheng Chemical, Luxi Chemical Group Co., Ltd., Lihuayi Weiyuan Chemical Co., Ltd., and Eastman Chemical Company.
Mr. Karan Chechi, Research Director at TechSci Research, a research-based global management consulting firm associated with ChemAnalyst, highlighted, “n-Butanol is a versatile chemical with high solubility in alcohols, ethers, glycols, and hydrocarbons, making it a popular solvent in paints, coatings, resins, and various other applications. Its strong demand from the paints and coatings industry, with applications in automotive and construction sectors, is expected to drive market growth in the coming years. The Asia Pacific region is the largest consumer of n-Butanol, and with growth in construction projects in developing countries such as India and China, the demand for paints, coatings, inks, varnishes, and adhesives is anticipated to fuel the expansion of the n-Butanol market until 2032.”
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