According to the ChemAnalyst report titled “Global Iso Butanol Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, Manufacturing Process, 2015-2032,” the Iso Butanol market is poised for significant growth, with an expected increase to approximately 6000 thousand tonnes by 2032. This growth is anticipated to occur at a Compound Annual Growth Rate (CAGR) of 4.48% during the forecast period until 2032. The increasing consumption of Iso Butanol by end-use industries such as Solvent & Coatings, Plasticizer, and Chemical Intermediates is expected to drive the global Iso Butanol market in the coming years.
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Iso Butanol, despite its limited solubility in water, is a versatile chemical intermediate used in various chemical processes and industries. It readily dissolves in common solvents such as ketones, alcohols, ethers, glycols, aromatic hydrocarbons, and aldehydes. Iso Butanol serves as a starting material, extractant, additive, humectant, and dehydrator. It is commonly used in the production of isobutyl acetate, isobutyl methacrylate, and other compounds. Iso Butanol finds applications as a solvent and feedstock in chemical reactions. Pure Iso Butanol is primarily transformed into derivatives, mainly esters, which are used as solvents in the coating industry.
Iso Butanol offers the advantage of preventing blushing (cloudiness) in certain coatings when they dry in humid conditions. As a result, it is frequently used as a diluent in cellulose nitrate lacquers, where it enhances flow and shine. Iso Butanol’s versatility and its critical role in the production processes of the chemical industry have solidified its position as the primary application segment in the market. It is also used in the plasticizer industry for the production of derivative esters, including diisobutyl phthalate (DIBP), which is used in the manufacture of plastics, rubbers, and other dispersions. Iso Butanol is utilized in various applications such as polishes, cleansers, and as an additive to prevent carburetor ice in gasoline.
The Solvent & Coatings sector is expected to dominate the Iso Butanol market during the forecast period. Iso Butanol is primarily used in coatings and solvents in the building and construction sectors, and the increasing global population is driving the demand for more building and construction projects. Consequently, with greater investment in construction activities in the future, the demand for Iso Butanol is expected to rise. Additionally, the growing demand for isobutanol in the production of chemical intermediates, including isobutyl acetate and derivative esters, contributes to market expansion.
In terms of consumption, the Asia Pacific region dominates the Iso Butanol market, accounting for nearly 45% of global consumption in 2022. The region is expected to maintain its leading position due to the rising demand for Iso Butanol in the production of paints and coatings, which are further used in the automotive and construction sectors. Increased urbanization and buying activities in the Asia Pacific region are also driving demand for Iso Butanol.
Key players in the global Iso Butanol market include BASF SE, Highlands EnviroFuels, LLC, INEOS Group Limited, Tianjin Bohai Chemical Industry Co., Ltd., Gevo Inc., SINOPEC Anqing Company, Grupa Azoty Kędzierzyn, CNOOC and Shell Petrochemicals Company Limited, Dairen Chemical Corporation, and Haizheng Chemical Co., Ltd.
Mr. Karan Chechi, Research Director at TechSci Research, a research-based management consulting firm affiliated with ChemAnalyst, noted, “The increasing demand for Iso Butanol from downstream paints and coatings industries, coupled with rapid industrialization worldwide, is expected to drive the global Iso Butanol market until 2032. Additionally, the application of isobutanol as a chemical feedstock for esters is likely to promote market expansion. The Asia Pacific region is the major consumer of Iso Butanol, and due to the presence of fast-paced development and construction activities, this region is expected to maintain its dominance in the global Iso Butanol market in the coming years.”
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