The global N-Butanol Market size was USD 6,845.50 Million in 2022 and is expected to register a rapid revenue CAGR of 4.43% during the forecast period. Rising demand from various end-use industries, including chemical, pharmaceutical, food and beverage, textile, Paints and Coatings, among others is a key factor driving market revenue growth. The production of bio-based N-Butanol and other renewable chemicals is increasing due to rising investments in Research & Development (R&D) and the construction of new manufacturing facilities. This increasing production, is in turn, will rise need from consumers and businesses for environment-friendly products, as well as government regulations aimed at reducing greenhouse gas emissions and promoting the use of renewable resources.

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Competitive Landscape:

The competitive landscape of the market is fairly fragmented with some major companies operating on global and regional levels. Companies are also deploying strategies such as new product development and launch, to form strategic alliances with crucial end-users or organizations in both the public and private sectors. This is helping them to gain a competitive advantage in terms of sales, and hence focus on new product development. Some major companies in the report include BASF SE, DOW INC., Eastman Chemical Company, INEOS GROUP, SABIC, SASOL, Mitsubishi Chemical Corporation, PETRONAS Chemicals Group Berhad, OQ Chemicals GmbH, Formosa Plastics Corporation, U.S.A., KH Neochem Co., Ltd., MERCK KGAA, Anhui Shuguang Chemical Group, The Andhra Petrochemicals Limited, and Vizag Chemical.

Some Key Highlights from the Report

• The pharmaceutical grade segment is expected to account for largest revenue share in the global n-butanol market during the forecast period. This is due to their wide range of applications in the pharmaceutical industry as a solvent in the manufacturing of various drugs and medications, including antibiotics, anti-inflammatory drugs, and anticancer drugs, among others. In addition, pharmaceutical grade n-butanol is used in the production of Butylated Hydroxytoluene (BHT), which is commonly used as a food preservative. Moreover, rising demand for pharmaceuticals and medications worldwide is also expected to drive revenue growth of this segment during the forecast period. According to the World Health Organization (WHO), the global pharmaceuticals industry was valued at USD 1.25 trillion in 2019 and is expected to reach USD 1.43 trillion by 2024.
• The butyl acrylate segment is expected to register steadily fast revenue growth rate in the global n-butanol market during the forecast period. This is due to increasing use of n-butanol in various industries, including coatings, adhesives, and textiles. Butyl acrylate is produced by the esterification of n-butanol with acrylic acid and is used as a key raw material in the production of polymers and resins. In addition, rising demand for coatings and paints in the construction and automotive industries is also expected to drive revenue growth of this segment. Butyl acrylate is used as a key component in the production of acrylic and latex coatings, which are widely used in the construction industry for painting walls, floors, and ceilings. Polymer and resin manufacturers are constantly striving to develop new and innovative products with improved performance and properties, which require high-quality raw materials such as butyl acrylate.

 Key questions addressed in the report:

• What is the expected market size of the global N-Butanol market during the forecast period?
• What CAGR is the global market expected to register during the forecast period?
• Which key factors are expected to boost global market growth between 2021 and 2028?
• What are the key restraints that are expected to hamper global market growth?
• Which regional market is expected to register robust CAGR during the forecast period?
• Which key players are operating the global N-Butanol market?

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N-Butanol Market Segmentation:

Type Outlook N-Butanol (Revenue, USD Million; 2000-2055)

• Industrial Grade
• Pharmaceutical Grade
• Others

Process Insights Outlook N-Butanol (Revenue, USD Million; 2000-2055)

• Oxyhydrogenation of Propylene
• Butane Oxidation
• Fermentation of Biomass

Application Outlook N-Butanol (Revenue, USD Million; 2000-2055)

• Butyl Acrylate
• Butyl Acetate
• Glycol Ethers
• Direct Solvent
• Rubber & Plasticizers
• Specialty Chemicals
• Others

End-Use Outlook N-Butanol (Revenue, USD Million; 2000-2055)

• Chemical
• Pharmaceutical
• Food & Beverage (F&B)
• Textile
• Paints and Coatings
• Building & Construction
• Personal Care
• Others

 Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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