India Iso Butanol Market Size, Share to Grow at a CAGR of 5.67% by FY2035 | ChemAnalyst

Posted January 31, 2023 by chemanalystreports

he India Iso Butanol Market is likely to reach around 140 thousand tonnes by FY2035, at a CAGR of 5.67% during the forecasted period.
According to ChemAnalyst report, “India Iso Butanol Market Analysis: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2035”, The India Iso Butanol Market is likely to reach around 140 thousand tonnes by FY2035, at a CAGR of 5.67% during the forecasted period. The end-use industries like Plasticizer (DIBP), Emulsifier, and Paints are anticipated to accelerate the Iso Butanol Market in India in the forthcoming years.
Iso Butanol is an organic compound with the formula (CH₃)₂CHCH₂OH. Commercial production of iso butanol is completed by the carbonylation of propylene. Iso Butanol is employed as a feedstock for coating resins, paint thinners, and isobutyl derivatives like isobutyl acetate, isobutyl methacrylate, and isobutyl acrylate. Additionally, it can be employed as a derivative in the production of rubber and plastic blends. Other significant uses include mobile phase in thin layer chromatography, feedstock productions of ethers, acrylates, paint solvent, varnish remover, floor lacquers, cleaning materials, cleansers, solubilizer in the textile industry, an additive in gasoline, an additive in de-icing liquids, and anti-corrosion inhibitors in engine oils.

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Iso Butanol's use as a solvent in several chemical products is what primarily drives the market for this commodity. Increasing demand for chemicals for usage as a solvent in the coatings industry, the majority of iso butanol is employed for. Derivatives of iso butanol, esters, are heavily employed by the paints & coatings industry. With rising construction activities and infrastructure development, it is anticipated that the demand of paints & coating and plastics is bound to increase which is expected to fuel the demand of iso butanol in the forthcoming years. Furthermore, bio-based iso butanol has been gaining attention lately. The simplest way to comprehend the characteristics of bio-iso butanol as a gasoline blend stock is to compare some of the blending properties to ethanol and alkylate. The demand for bio-based solvents has dramatically increased as a result of rising environmental concerns and consumer knowledge of the toxicity of solvents.

The India Iso Butanol Market is segmented based on end-use, sales channel, and region. Based on end-use, the India Iso Butanol market is segregated into Plasticizer (DIBP), Emulsifier, Paints, and Others. In FY2022, the Plasticizer segment consolidated approximately 68% of the domestic demand followed by the Emulsifier industry and in the forecasted period, their market is projected to show rapid growth. Derivatives of iso butanol such as, Diisobutyl phthalate (DIBP) and other isobutyl esters are employed as plasticizers in plastics, rubbers, and other dispersions.

Regionally, Indian Iso Butanol market is segregated into four regions based on regional consumption: West, South, North, and South. Western states like Gujarat and Maharashtra have been the key consumer of Iso Butanol due to the presence of leading industries of paints & coatings such as Asian Paints, and plasticizer manufacturers located in these states. To fulfill the growing demand for Iso Butanol, IOCL has commissioned a new plant which is estimated to be in operation in FY2024. During the production of N-butanol, iso-butanol will produce as a by-product with a capacity of around 2.57 KTPA, and the product is intended for merchant sale.

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“India Iso Butanol Market Analysis: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2035” Major players fulfilling the Iso Butanol demand in India are The Andhra Petrochemicals Limited and Bharat Petroleum Corporation Limited along with other global players like Tricon Energy Ltd, ICC Chemical Corporation, BASF SE, and Others.

“The rapidly increasing demand of Iso Butanol due to its high solvation properties in majority of the solvents for manufacturing paints, coatings, and plasticizers is expected to boost the India Iso Butanol Market in the forecast period until FY2035. Additionally, it is predicted that throughout the projection period, the market would be further influenced by growing demand for bio-based iso butanol from several industries, particularly for clean jet fuels. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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Last Updated January 31, 2023