According to ChemAnalyst report, “Global n-Butanol Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, Manufacturing Process, 2015-2032” Global n-Butanol market witnessed a strong demand in the past years and is anticipated to reach about 8200 thousand tonnes at a healthy CAGR of 4.70% during the forecast period till 2032 owing to its application in the -butyl acrylate, n butyl acetate, Direct Solvent, and Plasticizer end-use industries.

n-Butanol is a colorless liquid with chemical formula C₄H₉OH. It is a versatile component that is widely used as a primary ingredient in various industries. On the industrial level, n-Butanol is produced by the oxo process. With the help of a catalyst (cobalt hydrocarbonyls), carbon monoxide and hydrogen are added to the carbon double bond of propylene in the liquid phase to produce 1-butanol as the major product and isobutanol as the minor product. n-butanol is used as a solvent for paint, varnishes, resins, gums, vegetable oils, dyes, and alkaloids as well as natural and synthetic resins. Other applications include coating cloth in the textiles sector, using it as a cleaner or polisher, in gasoline and brake fluid, and in consumer goods like beauty, nail care, hygiene, and grooming items. The substance is used as an artificial flavoring in a variety of foods and beverages. In the production of hop extract for brewing beer, for example, it is also utilized in food preparation.

Read Full Report Here: https://www.chemanalyst.com/industry-report/n-butanol-market-618

n-Butanol is in high demand as a solvent, coating, and chemical intermediary for butyl acetate, ethers, and other chemicals is fueling the growth of the n-Butanol market. The demand for n-Butanol for the synthesis of important chemicals like n-Butyl Acrylate which is further used in multiple industries like paints & coatings, lubricants, and varnishes is anticipated to drive the n-Butanol market. The demand for paints and coatings is expected to increase due to the construction projects and infrastructure development around the world, which will most likely cause the n-butanol market to expand in the projected period. Also, the demand of paints, varnishes, and coatings by the automobile sector also contributes finely to the market.

The global n-Butanol market is segmented based on end-use, sales channel, and region. Based on region, Asia Pacific is dominating the n-Butanol market. Additionally, Asia Pacific region is perceived to lead the global market for n-Butanol in the forecast period owing to the growing use of n-Butanol as a solvent in paints, coatings, and adhesives in end-use industries such as automotive, building & construction sector. Moreover, over 114.06 lakh residences have been sanctioned in India under the Pradhan Mantri Awas Yojna-Urban (PMAY-U) programme of the Indian government's Make in India initiative, which is another factor that contributes to the n-butanol market expansion.

Based on the end-use, the global n-Butanol market is segregated into n-butyl acrylate, n butyl acetate, Direct Solvent, Plasticizer, and Others. However, the n-butyl acrylate industry is dominating the n-butanol market and accounted a market share of approximately 38% in 2022. n-butanol is also utilized to manufacture n-butyl acetate which is a transparent solvent with excellent solubility for cellulose nitrate, plastics, polymers, and hydrocarbons. It is employed in paint, ink, chemical, and leather industries. Another derivative of n-butanol, n-butyl acrylate is widely employed in coatings to provide stability at low-temperature and stability and also used in various industries like paints, textiles, paper, adhesives, inks, fiber, and rubber.

Read Free Sample Report: Global n-Butanol Market

According to ChemAnalyst report, “Global n-Butanol Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, Manufacturing Process, 2015-2032”, Major players in the n-Butanol on a global scale are OQ Chemicals, The Dow Chemical Company, Sasol Limited, INEOS Group Limited, BASF SE, Formosa Plastics Corporation, PetroChina Company Limited, Yancon Cathay Coal Chemicals Co. Ltd., Shandong Haulu Hengsheng chemical, Luxi Chemical Group Co., Ltd., Lihuayi Weiyuan Chemical Co., Ltd., and Eastman Chemical Company.

“n-Butanol is a versatile chemical with high solubility in alcohols, ethers, glycols, and hydrocarbons due to which is employed as a solvent in paints, coatings, resins, gums, vegetable oils, dyes, and alkaloids. Its high demand from paints and coatings with applications in various industries such as Automotive and Construction industry is likely to drive the market growth in the forthcoming years. Asia Pacific is the biggest consumer of n-Butanol. With growth in construction projects in developing countries such as India and China, the demand of paints, coatings, inks, varnishes and adhesives are anticipated to swell up the n-Butanol market in the forecast period till 2032.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

About Us

ChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry. ChemAnalyst’s team of 100+ analysts are engaged in tracking chemical prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst is promoted by TechSci Research which is an award-winning research-based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more.

For more information, please visit us at www.chemanalyst.com

Contact Us:

ChemAnalyst

GmbH - S-01, 2.floor, Subbelrather Straße

15a Cologne, 50823, Germany

Tel: +49-221-6505-8833