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n-Butanol Market Size to Grow by USD 1.62 billion | 49% of Market Growth to Originate from APAC | Technavio – Press Release

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NEW YORK, April 26, 2022 /PRNewswire/ — The n-butanol market size is expected to grow by USD 1.62 bn from 2021 to 2026. Moreover, the growth momentum of the market will decelerate at a CAGR of 5.36% during the forecast period. The n-butanol market is segmented by application (butyl acrylate, glycol ethers, butyl acetate, direct solvent, and others) and geography (APAC, North America, Europe, South America, and the Middle East and Africa).

Learn about additional highlights related to the market and each of the segments. Download a Sample Report

The n-butanol market covers the following areas:

n-Butanol Market Sizing
n-Butanol Market Forecast
n-Butanol Market Analysis

Driver and Challenge

The rising demand for n-butanol as a solvent is driving the n-butanol market growth. n-Butanol is highly used for coating solutions such as inks, toners, paints, and adhesives, as it is colorless and has high solubility. The derivatives of n-butanol are used as solvents in the coating industry. For instance, butyl acrylate, one of the major products of n-butanol, is extensively used for coating resins and formulations because of its flexibility, durability, and softness. It is used as a direct solvent by the automotive, construction, textile, and agrochemical industries. Thus, the use of n-butanol in end-use and industrial applications will drive the growth of the global n-butanol market during the forecast period.

Volatile crude oil prices are challenging the n-butanol market growth. For instance, the price of Brent crude oil started to reduce from a peak price of 1 Barrel =0,136 Tonnes in 2021. Similarly, the price of WTI crude oil increased to USD 97 per barrel in 2021 from USD 51.58 per barrel in October 2017. Volatility in crude oil prices can significantly increase the price of the final product and simultaneously reduce the demand for the product in the long run. Moreover, the decline in oil prices in recent years has made many players in the oil and gas industry implement cost-cutting measures such as workforce layoffs and rig idling. Thus, fluctuation in crude oil prices will hamper the n-butanol market growth during the forecast period.

Regional Analysis

APAC will account for 49% of the market’s growth during the forecast period. The rising use of n-butanol as a biofuel and the significant growth of the automotive sector will drive the n-butanol market growth in APAC during the forecast period. Market growth in this region will be faster than the growth of the market in other regions. China and Japan are the key countries for the n-butanol market in APAC. APAC is the largest consumer of n-butanol globally, and several industries are highly dependent on n-butanol for the manufacturing of various products. India, Indonesia, and Thailand are the major importers of n-butanol in APAC.

Companies Mentioned

  • BASF SE
  • China National Petroleum Corp.
  • The Dow Chemical Co.
  • Eastman Chemical Co.
  • Formosa Plastics Corp.
  • Grupa Azoty SA
  • INEOS Group Holdings SA
  • KH Neochem Co. Ltd.
  • Mitsubishi Chemical Corp.
  • OQ SAOC
  • Perstorp Holding AB
  • Sasol Ltd.
  • Saudi Arabian Oil Co.
  • Texmark Chemicals Inc.
  • The Andhra Petrochemicals Ltd.
  • Arkema SA

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N-Butanol Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 5.36%

Market growth 2022-2026

USD 1.62 billion

Market structure

Fragmented

YoY growth (%)

5.97

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 49%

Key consumer countries

US, China, Japan, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BASF SE, China National Petroleum Corp., The Dow Chemical Co., Eastman Chemical Co., Formosa Plastics Corp., Grupa Azoty SA, INEOS Group Holdings SA, KH Neochem Co. Ltd., Mitsubishi Chemical Corp., OQ SAOC, Perstorp Holding AB, Sasol Ltd., Saudi Arabian Oil Co., Texmark Chemicals Inc., The Andhra Petrochemicals Ltd., and Arkema SA

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis – Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 24: Chart on Application – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Application – Market share 2021-2026 (%)
  • 5.2 Comparison by Application
    • Exhibit 26: Chart on Comparison by Application
    • Exhibit 27: Data Table on Comparison by Application
  • 5.3 Butyl acrylate – Market size and forecast 2021-2026
    • Exhibit 28: Chart on Butyl acrylate – Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Butyl acrylate – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Butyl acrylate – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Butyl acrylate – Year-over-year growth 2021-2026 (%)
  • 5.4 Glycol ethers – Market size and forecast 2021-2026
    • Exhibit 32: Chart on Glycol ethers – Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Glycol ethers – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Glycol ethers – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Glycol ethers – Year-over-year growth 2021-2026 (%)
  • 5.5 Butyl acetate – Market size and forecast 2021-2026
    • Exhibit 36: Chart on Butyl acetate – Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Butyl acetate – Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Butyl acetate – Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Butyl acetate – Year-over-year growth 2021-2026 (%)
  • 5.6 Direct solvent – Market size and forecast 2021-2026
    • Exhibit 40: Chart on Direct solvent – Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Direct solvent – Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Direct solvent – Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Direct solvent – Year-over-year growth 2021-2026 (%)
  • 5.7 Others – Market size and forecast 2021-2026
    • Exhibit 44: Chart on Others – Market size and forecast 2021-2026 ($ million)
    • Exhibit 45: Data Table on Others – Market size and forecast 2021-2026 ($ million)
    • Exhibit 46: Chart on Others – Year-over-year growth 2021-2026 (%)
    • Exhibit 47: Data Table on Others – Year-over-year growth 2021-2026 (%)
  • 5.8 Market opportunity by Application
    • Exhibit 48: Market opportunity by Application ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 52: Chart on Geographic comparison
    • Exhibit 53: Data Table on Geographic comparison
  • 7.3 APAC – Market size and forecast 2021-2026
    • Exhibit 54: Chart on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.4 North America – Market size and forecast 2021-2026
    • Exhibit 58: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.5 Europe – Market size and forecast 2021-2026
    • Exhibit 62: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.6 South America – Market size and forecast 2021-2026
    • Exhibit 66: Chart on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa – Market size and forecast 2021-2026
    • Exhibit 70: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 7.8 China – Market size and forecast 2021-2026
    • Exhibit 74: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.9 US – Market size and forecast 2021-2026
    • Exhibit 78: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.10 Japan – Market size and forecast 2021-2026
    • Exhibit 82: Chart on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Japan – Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Japan – Year-over-year growth 2021-2026 (%)
  • 7.11 Germany – Market size and forecast 2021-2026
    • Exhibit 86: Chart on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 7.12 France – Market size and forecast 2021-2026
    • Exhibit 90: Chart on France – Market size and forecast 2021-2026 ($ million)
    • Exhibit 91: Data Table on France – Market size and forecast 2021-2026 ($ million)
    • Exhibit 92: Chart on France – Year-over-year growth 2021-2026 (%)
    • Exhibit 93: Data Table on France – Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.3 Impact of drivers and challenges
    • Exhibit 95: Impact of drivers and challenges in 2021 and 2026

9 Vendor Landscape

  • 9.2 Vendor landscape
    • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 97: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 98: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 99: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 100: Matrix on vendor position and classification
  • 10.3 Arkema SA
    • Exhibit 101: Arkema SA – Overview
    • Exhibit 102: Arkema SA – Business segments
    • Exhibit 103: Arkema SA – Key news
    • Exhibit 104: Arkema SA – Key offerings
    • Exhibit 105: Arkema SA – Segment focus
  • 10.4 BASF SE
    • Exhibit 106: BASF SE – Overview
    • Exhibit 107: BASF SE – Business segments
    • Exhibit 108: BASF SE – Key news
    • Exhibit 109: BASF SE – Key offerings
    • Exhibit 110: BASF SE – Segment focus
  • 10.5 China National Petroleum Corp.
    • Exhibit 111: China National Petroleum Corp. – Overview
    • Exhibit 112: China National Petroleum Corp. – Business segments
    • Exhibit 113: China National Petroleum Corp. – Key offerings
    • Exhibit 114: China National Petroleum Corp. – Segment focus
  • 10.6 The Dow Chemical Co.
    • Exhibit 115: The Dow Chemical Co. – Overview
    • Exhibit 116: The Dow Chemical Co. – Business segments
    • Exhibit 117: The Dow Chemical Co. – Key news
    • Exhibit 118: The Dow Chemical Co. – Key offerings
    • Exhibit 119: The Dow Chemical Co. – Segment focus
  • 10.7 Eastman Chemical Co.
    • Exhibit 120: Eastman Chemical Co. – Overview
    • Exhibit 121: Eastman Chemical Co. – Business segments
    • Exhibit 122: Eastman Chemical Co. – Key offerings
    • Exhibit 123: Eastman Chemical Co. – Segment focus
  • 10.8 KH Neochem Co. Ltd.
    • Exhibit 124: KH Neochem Co. Ltd. – Overview
    • Exhibit 125: KH Neochem Co. Ltd. – Product / Service
    • Exhibit 126: KH Neochem Co. Ltd. – Key offerings
  • 10.9 Mitsubishi Chemical Corp.
    • Exhibit 127: Mitsubishi Chemical Corp. – Overview
    • Exhibit 128: Mitsubishi Chemical Corp. – Business segments
    • Exhibit 129: Mitsubishi Chemical Corp. – Key news
    • Exhibit 130: Mitsubishi Chemical Corp. – Key offerings
    • Exhibit 131: Mitsubishi Chemical Corp. – Segment focus
  • 10.10 OQ SAOC
    • Exhibit 132: OQ SAOC – Overview
    • Exhibit 133: OQ SAOC – Product / Service
    • Exhibit 134: OQ SAOC – Key offerings
  • 10.11 Sasol Ltd.
    • Exhibit 135: Sasol Ltd. – Overview
    • Exhibit 136: Sasol Ltd. – Business segments
    • Exhibit 137: Sasol Ltd. – Key news
    • Exhibit 138: Sasol Ltd. – Key offerings
    • Exhibit 139: Sasol Ltd. – Segment focus
  • 10.12 Texmark Chemicals Inc.
    • Exhibit 140: Texmark Chemicals Inc. – Overview
    • Exhibit 141: Texmark Chemicals Inc. – Product / Service
    • Exhibit 142: Texmark Chemicals Inc. – Key offerings

11 Appendix

  • 11.2 Inclusions and exclusions checklist
    • Exhibit 143: Inclusions checklist
    • Exhibit 144: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 145: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 146: Research methodology
    • Exhibit 147: Validation techniques employed for market sizing
    • Exhibit 148: Information sources
  • 11.5 List of abbreviations
    • Exhibit 149: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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