Global n-Butanol Market Overview

n-Butanol is mostly used as an intermediate to make other chemicals, as a solvent, and as an ingredient in formulated products such as cosmetics. A few products for which it serves as an intermediate includes Glycol ethers, Acrylates/Methacrylate esters, n-Butyl Acetate, Amino resins, and n-Butyl Amines. n-Butanol as an ingredient is used in textiles (as a swelling agent), coatings, floatation agents, cleaner & floor polishes, automotive (as a fuel additive), pharmaceuticals, etc.

The global n-Butanol market size is around US$ 4.5 billion in 2018 and likely to reach up to US$ 6 billion by 2023, at a CAGR of 5% during the forecast period. Consumption of n-butanol in butyl acrylate, butyl acetate, glycol ethers, direct solvent, and plasticizer will provide a growing appetite for n-Butanol in the global market. In addition, increasing demand for these end- products in marine coatings, automotive coatings, engineering plastics, water-based coatings, adhesives, etc. further augmented the demand for n-butanol in the global market.

Based on the end-use analysis of n-Butanol, its global end-use market is divided into the following applications:
1) – Direct solvent 2)-Butyl Acrylate 3)- Butyl Acetate 4) – Glycol Ethers 5)- Plasticizers
Rapid urbanization and increasing investment in the downstream industry of above mentioned end-use sectors have propelled n-Butanol demand during the period under consideration for forecasting.

China and North America are the largest producers of n-Butanol with an annual production share of around 50% of total global production. Among the different regions of the world, Europe & China are the significant revenue agitator for the market of n-Butanol as they generate a total demand of 60% on a global scale. They will remain global leaders during the forecasted period i.e during 2019-2023.

The market is greatly competitive in presence of various key players such as BASF, Saudi Butanol Company (SABUCO), Luxi Chemical, Oxea Group, Dow Chemical, Sinopec Qilu Petrochemical Company, Formosa Plastics, Wanhua Chemical, PetroChina Sichuan Petrochemical Company, Anqing Shuguang Oxo-alcohol Chemical, Eastman Chemical, Elekeiroz, Sasol, Tianjin Bohai Chemical, etc.

This report covers the global scenario on N-Butanol Industry, Region-wise Supply Demand Analysis and Future Demand Projections for Africa, South America, North America, Indian Subcontinent, North East Asia, China, South East Asia, Middle East, Europe, and Australia. For Indian scenario this report covers major producers, Supply, Demand, Market Drivers and Future Projection.