What Has Been the Growth of the n-Butanol Market So Far?
The n-butanol market has seen considerable growth due to a variety of factors.
• The n-butanol market has experienced notable growth in recent years. It will rise from $3.55 billion in 2024 to $3.77 billion in 2025, at a CAGR of 6.1%.
This growth is driven by the construction industry’s expansion, increased demand for plasticizers, coatings, agrochemicals, and higher disposable incomes.
How Will the n-Butanol Market?
The n-butanol market is expected to maintain its strong growth trajectory in upcoming years.
• The n-butanol market is expected to reach $4.7 billion by 2029 at a CAGR of 5.7%.
Growth is driven by the rising demand for bio-based chemicals, the expanding personal care industry, increasing food processing activities, and greater infrastructure development. Key trends include advancements in production technologies, adoption of sustainable chemical manufacturing practices, and a focus on reducing the carbon footprint.
Which Factors Are Boosting Growth In The n-Butanol Market?
The growing demand for sustainable fuel is expected to drive the n-butanol market forward. Sustainable fuels are gaining popularity due to their lower environmental impact, and n-butanol, a renewable alternative to ethanol, is compatible with existing gasoline engines. The International Energy Agency's May 2023 report highlighted a significant increase in clean energy investments, signaling a shift toward environmentally sustainable energy solutions. The demand for sustainable fuel is propelling the n-butanol market.
What Key Areas Define The Segmentation Of The Global n-Butanol Market?
The n-butanol market covered in this report is segmented –
1) By Grade: Pharmaceuticals, Industrial, Chemicals
2) By Production Process: Oxyhydrogenation Of Propylene, Butane Oxidation, Fermentation Of Biomass
3) By Application: Butyl Acrylate, Butyl Acetate, Glycol Ethers, Direct Solvent, Plasticizers, Other Applications
4) By End-Use Industry: Paints And Coatings, Chemicals And Petrochemicals, Textiles, Agriculture, Buildings And Constructions, Food And Beverages, Transportation, Pharmaceuticals
Subsegments:
1) By Pharmaceuticals: Active Pharmaceutical Ingredients (APIs), Solvents For Drug Formulations, Excipients
2) By Industrial: Solvent For Paints And Coatings, Adhesives And Sealants, Plasticizers, Lubricants And Hydraulic Fluids
3) By Chemicals: Butyl Acetate, Butyl Acrylate, Butanol-Based Polymers, Glycol Ethers
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What Trends Are Shaping The n-Butanol Market?
Key businesses in the market are concentrating on the creation of advanced methods like the PO/TBA production processes in order to secure a competitive advantage. The PO/TBA production process is particularly economical and efficient, as it generates two valuable products fit for diverse industrial applications. For example, in March 2023, Lyondell Basell Industries N.V., a petrochemical firm headquartered in the US, unveiled the largest propylene oxide (PO) and tertiary butyl alcohol (TBA) unit globally. This unit specializes in the production of pivotal chemicals used in multiple industrial and consumer applications. Propylene oxide (PO) is chiefly utilized in the production of polyurethane foam used in items such as mattresses, car seating pads, and insulating materials, thereby increasing energy efficiency. Tertiary butyl alcohol (TBA), on the other hand, is transmuted into fuel additives such as methyl tertiary butyl ether (MTBE) and ethyl tertiary butyl ether (ETBE), which augment gasoline combustion and assist in reducing vehicle emissions.
Who Are the Key Players In The n-Butanol Market?
Major companies operating in the n-butanol market are:
• China National Petroleum Corporation
• BASF SE
• Grupa Azoty
• The Dow Chemical Company
• Saudi Basic Industries Corporation
• Thermo Fisher Scientific Inc.
• Mitsubishi Chemical Corporation
• Merck KGaA
• Ineos Group Limited
• Brenntag AG
• Sasol Limited
• Arkema S.A.
• Eastman Chemical Company
• PETRONAS Chemicals Group
• Jiangsu Huachang Chemical Industry Company Limited
• Solventis Ltd
• BASF PETRONAS Chemicals Sdn. Bhd.
• OQ Chemicals GmbH
• KH Neochem Co. Ltd.
• Texmark Chemicals Inc.
• Santa Cruz Biotechnology Inc.
• Anhui Shuguang Chemical Group
• Finar Limited
• Tokyo Chemical Industry Co. Ltd.
• Pacific Texchem Private Limited
• Andhra Petrochemicals Ltd.
What Is The Most Dominant Region In The n-Butanol Market?
Asia-Pacific was the largest region in the n-butanol market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the n-butanol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
