n-Butanol Market by Application and Geography - Forecast and Analysis 2022-2026
| Published: Apr 2022 | Pages: 143 | SKU: IRTNTR73247 |
Then-butanol market share is expected to increase to USD 1.62 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.36%.
This n-butanol market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers n-butanol market segmentations by application (butyl acrylate, glycol ethers, butyl acetate, direct solvent, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The n-butanol market report also offers information on several market vendors, including 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 among others.
What will the n-Butanol Market Size be During the Forecast Period?
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n-Butanol Market: Key Drivers, Trends, and Challenges
The rising demand for n-butanol as a solvent is notably driving the n-butanol market growth, although factors such as volatile crude oil prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the n-butanol industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key n-Butanol Market Driver
The rising demand for n-butanol as a solvent is one of the key drivers supporting the n-Butanol market growth. n-Butanol is highly recommended for coating solutions such as inks, toners, paints, and adhesives as it is colorless and exhibits high solubility. Most of the n-butanol manufactured by leading vendors is converted into its derivatives, which 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. Further, 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 promote the growth of the global n-butanol market during the forecast period.
Key n-Butanol Market Trend
Increasing preference for renewable n-butanol is one of the key n-butanol market trends that is contributing to the market growth. 100% bio-based n-butanol can be obtained by fermenting sugars using Clostridium microbe that acts as a catalyst. Bio-based n-butanol is a colorless, transparent, neutral liquid with a banana-like odor. As it is 100% bio-based, it is preferred in end-use applications such as cosmetics, personal care products, textiles, and agrochemicals and is relatively less toxic. Bio-based n-butanol is considered safe for consumption, and it is often used as a food additive in the food and beverage sector. It is also used as an excipient in drug formulation in the pharmaceutical industry. Thus, increased consumer preference for bio-based and renewable products can propel the growth of the n-butanol market considerably during the forecast period.
Key n-Butanol Market Challenge
Volatile crude oil prices is one of the factors hindering the n-butanol market growth. 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. For instance, the price of Brent crude oil started reducing from a peak price of 1 Barrel =0,136 Tonnes in 2021. Similarly, the price of WTI crude oil increased to $97 per barrel in 2021 from $51.58 per barrel in October 2017. Moreover, the decline in oil prices in recent years has compelled many players in the oil and gas industry to 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.
This n-butanol market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global n-butanol market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the n-butanol market during the forecast period.
Who are the Major n-butanol Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- 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
This statistical study of the n-butanol market encompasses successful business strategies deployed by the key vendors. The n-butanol market is fragmented and the vendors are deploying growth strategies such as product quality, price, product development, and capacity expansions to compete in the market.
Product Insights and News
- Arkema SA - Through the adhesives solutions segment, the company manufactures a variety of adhesives for several applications.
- Arkema SA - The company offers n-Butanol namely Luperox 221 which is recommended for the synthesis of thermoplastics.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The n-butanol market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
n-butanol Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the n-butanol market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for n-butanol Market?
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49% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the n-butanol market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increasing use of n-butanol as a biofuel and the significant growth of the automotive sector will facilitate the n-butanol market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had a negative impact on the regional market. However, the operations at n-butanol manufacturing sites are expected to rebound in the coming years due to the ongoing vaccination drives, which is anticipated to fuel the growth of the regional n-butanol market in focus during the forecast period.
What are the Revenue-generating Application Segments in the n-butanol Market?
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The n-butanol market share growth by the butyl acrylate segment will be significant during the forecast period. Butyl acrylate is primarily used in formulated products such as water-based latex paints, and other coating solutions. Moreover, butyl acrylate-based coating resins and formulations are extensively used in interior and exterior applications as they cause low volatile organic compound (VOC) emissions. Thus, the increasing preference for environment-friendly products with a low concentration of VOCs and other pollutants can have a significant impact on the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the n-butanol market size and actionable market insights on post COVID-19 impact on each segment.
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n-butanol Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 5.36% |
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Market growth 2022-2026 |
$ 1.62 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.97 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 49% |
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Key consumer countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key 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 |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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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. |
What are the Key Data Covered in this n-butanol Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive n-butanol market growth during the next five years
- Precise estimation of the n-butanol market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the n-butanol industry across APAC, North America, Europe, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of n-butanol market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
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
- 3.3 Market size 2021
- 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
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 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
- 11.1 Scope of the report
- 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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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n-butanol market market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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