n-Butanol Market

n-Butanol Market by Application (Butyl Acrylate, Butyl Acetate, Glycol Ethers, Direct Solvents, Plasticizers), and Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2022

Report Code: CH 1543 Apr, 2018, by marketsandmarkets.com

The n-Butanol market was valued at USD 3.89 billion in 2016 and is projected to reach USD 5.58 billion by 2022, at a CAGR of 5.9% during the forecast period. In this study, 2016 has been considered as the base year, while the forecast period is 2017 to 2022.

n-Butanol Market

Market Dynamics

Drivers

  • Increasing use of butyl acrylate
  • Growing construction industry in emerging economies

Restraints

  • Volatility in raw material prices and scarcity in near future
  • Decreasing consumption of DOP (Bis (2-ethylhexyl) phthalate) in Europe and North America

Opportunities

  • Increasing use of n-Butanol as bio-fuel
  • Growing automotive and textile industries

Challenges

  • Low economy of scale for small capacity plants

Increasing use of butyl acrylate

Butyl acrylate is one of the highly produced derivatives from n-Butanol. It is an acrylate monomer used in latex paint formulations in industrial & architectural activities, enamels, textiles, and paper finishes. Acrylates are commercially manufactured using acrylic acid and n-Butanol as feedstock. Nearly 40.0% of the total n-Butanol produced was used for manufacturing butyl acrylates in 2016. The market for butyl acrylate is directly linked to the booming construction industry as it is used in solvent-based industrial & architectural paints, enamels, textiles, and paper finishes, which majorly drive its demand around the globe. The considerable growth of the construction industry in various regions, including APAC, is driving the demand for construction materials including paints, coatings, and adhesives. Thus, the increasing demand for n-butyl acrylate is a key driver for the increasing demand for n-Butanol.

Objectives of the Study:

  • To define, describe, and forecast the size of the n-Butanol market, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To estimate and forecast the market on the basis application
  • To forecast the size of the market on the basis of five regions, namely, Asia Pacific (APAC), Europe, North America, the Middle East & Africa (MEA), and South America along with country-level data
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the market
  • To analyze recent developments, such as agreement, joint venture, and expansion, in the market
  • To analyze the opportunities for stakeholders in the market and provide a competitive landscape for the market leaders
  • To strategically profile the key players and comprehensively analyze their market share and core competencies2

Note1: Micromarkets are the subsegments of the n-butanol market included in the report

Note2: Core competencies of companies are determined in terms of their key developments, SWOT analysis, and key strategies adopted by them to sustain in the market

In this report, market sizes have been derived from various research methodologies. In the secondary research process, different sources have been referred to identify and collect information for this study on the n-Butanol market. These secondary sources include annual reports, press releases, investor presentations of companies and associations (such as Coatings world, ScienceDirect, ACS Publications, and others) and white papers, certified publications, and articles from recognized authors. In the primary research process, sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. The bottom-up approach has been used to estimate the market size, in terms of value. The top-down approach has also been implemented to validate the market size, in terms of volume. With the data triangulation procedure and validation of data through primaries, exact values of the sizes of the overall parent market and individual markets have been determined and confirmed in this study.

The figure below illustrates the breakdown of profiles of primary interview participants.

n-Butanol Market

To know about the assumptions considered for the study, download the pdf brochure

Leading companies operating in the global n-Butanol market, are The Dow Chemical Company (US), OXEA (Germany), and Mitsubishi Chemical Corporation (Japan).

Major Market Developments

  • In December 2017, Mitsubishi Chemical Corporation had a collaboration agreement with MET Gas Processing Technologies (Italy) over the licensing of a process for manufacturing oxo alcohols, acrylic acid, and acrylic acid ester from natural gas. Mitsubishi will proactively expand licensing business through the collaboration to meet the growing demand for propylene and its derivatives.
  • In March 2016, Saudi Butanol Co (SABUCO) started its commercial operation of producing n-Butanol in Jubail, Saudi Arabia. SABUCO is a joint venture between Saudi Kayan Petrochemical Co, Sadara Chemical Co, which is a joint venture between Saudi Aramco and The Dow Chemical Company, and Saudi Acrylic Acid Co (SAAC). The company has the capacity of producing 330 KT/year of n-Butanol, and 11 KT/year of isobutanol. This is expected to help in strengthening the downstream operations of the Saudi Arabian market.
  • In February 2015, Oxea completed the expansion of its oxo alcohol production capacity in the Texas, US. The company announced 25% production expansion, in May 2013. The full realization of this expansion work is completed, and capacity is gradually being brought online. With the 25% capacity increase, the plant capacity has now reached 287.5 KT/year and 100 KT/year for n-Butanol and butac, respectively. This capacity expansion helped the company to increase its business reach in the oxo alcohol market of North America.

Key Target Audience:

  • n-Butanol Manufacturers
  • n-Butanol Traders, Distributors, and Suppliers
  • Raw Material Suppliers
  • Governments and Research Organizations
  • Associations and Industrial Bodies
  • R&D Institutions
  • Environment Support Agencies

Scope of the Report

The report forecasts revenue growth and provides an analysis of trends in each of the subsegments of the n-Butanol market. This research report categorizes the market based on the following:

n-Butanol Market, By Application:

  • Direct Solvent
  • Butyl Acrylate
  • Butyl Acetate
  • Glycol Ethers
  • Plasticizers
  • Others (esters and biofuel)

n-Butanol Market, By Region:

  • North America
  • APAC
  • Europe
  • MEA
  • South America

Each region has been further segmented into key countries in that region.

Critical questions which the report answers

  • What are the upcoming trends for n-butanol market?
  • Which are the key players in the market and how intense is the competition?

Regional Analysis:

  • Country-level analysis of the n-butanol market is provided by application.

Company Information:

  • Detailed analysis and profiles of additional market players.

Available Customizations:

 The following customization options are available for the report:

  • Country Information
  • n-Butanol market analysis for additional countries

The n-Butanol market is estimated at USD 4.18 billion in 2017 and is projected to reach USD 5.58 billion by 2022, at a CAGR of 5.9% between 2017 and 2022. The growth of the market is driven by the increasing demand for n-Butanol as a direct solvent and industrial intermediate in industries such as construction, automotive, textile, agrochemical, etc. In addition, increasing GDP, growing industrialization, and rapid urbanization in developing countries have also contributed to the demand for n-Butanol, globally.

Butyl acrylate is projected to be the largest application segment of the n-Butanol market during the forecast period, in terms of both value and volume. As butyl acrylate enhances the flexibility, softness, and durability of coating resins, it is largely used in surface coatings, textiles, adhesives, inks, and several other applications. Butyl acrylate is also used to make homopolymers and copolymers for use in water-based industrial and architectural paints.

Volatility of raw material prices and decreasing consumption of DOP (Bis(2-ethylhexyl)phthalate) in Europe and North America are identified as the key restraining factors for the n-Butanol market growth. The consumption of DOP has declined drastically in the past few years in developed countries owing to its harmful impacts on exposure to humans. As DOP is primarily derived from n-Butanol, the regulation imposed on DOP also hampers the demand of n-Butanol in North America and Europe.

n-Butanol Market

Asia Pacific is projected to be the largest market for n-Butanol during the forecast period. The demand for n-Butanol is high in this region due to the region’s large industrial base for the production of glycol ethers, butyl acrylate, and butyl acetate. Moreover, rising urbanization and increased infrastructural developments in emerging economies, such as India, China, and Malaysia are also expected to boost the demand for n-Butanol in this region during the forecast period.

N-butanol is used in various applications such as butyl acrylate, Butyl acetate, glycol ethers, direct solvent, and plasticizers.

Butyl acrylate

Butyl acrylate is an acrylate monomer. It is a clear, colorless, and flammable liquid with a fruity odor. It has a flash point of around 360°C and is easily miscible with various organic solvents. It is readily polymerized and displays a wide range of properties depending upon the selection of the monomer and reaction conditions. Butyl acrylate is mainly used to make homopolymers and copolymers for use in water-based industrial and architectural paints. It is also used in cleaning products, antioxidants, enamels, adhesives, textiles, and seals and paper finishes.

Butyl acetate

Butyl acetate, also known as butyl ethanoate, is a transparent solvent with molecular formulae C6H12O2. It is produced by esterification of a butanol isomer and acetic acid in the presence of a strong acid such as sulfuric acid. It has good solvency characteristics for resins, polymers, cellulose nitrate, and oils, and is miscible with all common organic solvents, such as ketones, alcohols, and ethers. Butyl acetate is normally stored in drums, in a cool, dry, and well-ventilated facility away from oxidizing agents. It should be kept out of direct sunlight, heat, and open flames.

Glycol ethers

Glycol ether, an organic liquid, is a fundamental solvent used in a variety of domestic and industrial applications. It is a clear, oily, colorless liquid with a mild odor. It is an important organic compound and a chemical intermediate. Glycol ethers have excellent solvency, chemical stability, and compatibility with water and a number of organic solvents. They are used in applications such as dyes, solvents for industrial cleaning, as solvents for insecticides and herbicides, icing inhibitor, and chemical reaction solvents.

Critical questions the report answers:

  • What are the upcoming hot bets for n-butanol market?
  • How market dynamics is changing for different applications?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Leading companies operating in the global n-Butanol market, including The Dow Chemical Company (US), OXEA (Germany), and Mitsubishi Chemical Corporation (Japan), have adopted agreements, expansions, and joint ventures as their key growth strategies between 2013 and 2017.

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 15)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 22)

4 Premium Insights (Page No. - 25)
    4.1 Significant Opportunities in the n-Butanol Market
    4.2 n-Butanol Market, By Application
    4.3 n-Butanol Market, By Region
    4.4 APAC n-Butanol Market, By Application and Country
    4.5 n-Butanol Market Share, By Region

5 Market Overview (Page No. - 28)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Use of Butyl Acrylate
                    5.2.1.2 Growing Construction Industry in Emerging Economies
           5.2.2 Restraints
                    5.2.2.1 Volatility in Raw Material Prices and Scarcity in Near Future
                    5.2.2.2 Decreasing Consumption of Dop (Bis (2-Ethylhexyl) Phthalate) in Europe and North America
           5.2.3 Opportunities
                    5.2.3.1 Increasing Use of n-Butanol as Bio-Fuel
                    5.2.3.2 Growing Automotive and Textile Industries
           5.2.4 Challenges
                    5.2.4.1 Low Economy of Scale for Small Capacity Plants
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Suppliers
           5.3.2 Bargaining Power of Buyers
           5.3.3 Threat of New Entrants
           5.3.4 Threat of Substitutes
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Indicators
           5.4.1 Introduction
           5.4.2 Forecast of Gdp Growth Rate of Major Economies
    5.5 Construction Industry
           5.5.1 Trends and Forecast of the Construction Industry in North America
           5.5.2 Trends and Forecast of the Construction Industry in Europe
           5.5.3 Trends and Forecast of the Construction Industry in APAC

6 n-Butanol Market, By Application (Page No. - 36)
    6.1 Introduction
    6.2 Butyl Acrylate
    6.3 Butyl Acetate
    6.4 Glycol Ethers
    6.5 Direct Solvent
    6.6 Plasticizers
    6.7 Others

7 n-Butanol Market, By Region (Page No. - 41)
    7.1 Introduction
    7.2 APAC
           7.2.1 China
           7.2.2 Japan
           7.2.3 Malaysia
           7.2.4 South Korea
           7.2.5 India
           7.2.6 Taiwan
           7.2.7 Rest of APAC
    7.3 North America
           7.3.1 US
           7.3.2 Canada
           7.3.3 Mexico
    7.4 Europe
           7.4.1 Germany
           7.4.2 France
           7.4.3 Poland
           7.4.4 UK
           7.4.5 Italy
           7.4.6 Rest of Europe
    7.5 MEA
           7.5.1 Saudi Arabia
           7.5.2 South Africa
           7.5.3 Rest of MEA
    7.6 South America
           7.6.1 Brazil
           7.6.2 Rest of South America

8 Competitive Landscape (Page No. - 79)
    8.1 Introduction
    8.2 Competitive Scenario
           8.2.1 Expansion
                    8.2.1.1 Agreement
           8.2.2 Joint Venture
    8.3 Market Ranking Analysis

9 Company Profiles (Page No. - 83)
    9.1 BASF SE
    9.2 The Dow Chemical Company
    9.3 Oxea
    9.4 Sasol
    9.5 Petrochina
    9.6 Eastman
    9.7 Mitsubishi Chemical Corporation
    9.8 BASF Petronas Chemicals
    9.9 Sinopec
    9.10 KH Neochem
    9.11 Other Key Players
           9.11.1 Oxochimie
           9.11.2 Andhra Petrochemicals
           9.11.3 Azoty Zak Spσ³ka Akcyjna
           9.11.4 Cobalt Technologies
           9.11.5 Green Biologics

10 Appendix (Page No. - 100)
     10.1 Insights From Industry Experts
     10.2 Discussion Guide
     10.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     10.4 Introducing RT: Real-Time Market Intelligence
     10.5 Available Customizations
     10.6 Related Reports
     10.7 Author Details


List of Tables (73 Tables)

Table 1 Trends and Forecast of Gdp Growth Rates, By Country, 2016–2021
Table 2 Contribution of the Construction Industry to Gdp in North America, 2014–2016 (USD Billion)
Table 3 Contribution of the Construction Industry to Gdp in Europe,2014–2016 (USD Billion)
Table 4 Contribution of the Construction Industry to Gdp in APAC,2014–2016 (USD Billion)
Table 5 n-Butanol Market Size, By Application, 2015–2022 (Kiloton)
Table 6 By Market Size, By Application, 2015–2022 (USD Million)
Table 7 n-Butanol Market Size, By Region, 2015—2022 (Kiloton)
Table 8 By Market Size, By Region, 2015—2022 (USD Million)
Table 9 APAC: n-Butanol Market Size, By Country, 2015—2022 (Kiloton)
Table 10 APAC: By Market Size, By Country, 2015—2022 (USD Million)
Table 11 APAC: By Market ize, By Application, 2015—2022 (Kiloton)
Table 12 APAC: n-Butanol Market Size, By Application, 2015—2022 (USD Million)
Table 13 China: By Market Size, By Application, 2015—2022 (Kiloton)
Table 14 China: n-Butanol Market Size, By Application, 2015—2022 (USD Million)
Table 15 Japan: By Market Size, By Application, 2015—2022 (Kiloton)
Table 16 Japan: n-Butanol Market Size, By Application, 2015—2022 (USD Million)
Table 17 Malaysia: By Market Size, By Application, 2015—2022 (Kiloton)
Table 18 Malaysia: n-Butanol Market Size, By Application,2015—2022 (USD Million)
Table 19 South Korea: By Market Size, By Application,2015—2022 (Kiloton)
Table 20 South Korea: n-Butanol Market Size, By Application,2015—2022 (USD Million)
Table 21 India: By Market Size, By Application, 2015—2022 (Kiloton)
Table 22 India: n-Butanol Market Size, By Application, 2015—2022 (USD Million)
Table 23 Taiwan: n-Butanol Market Size, By Application, 2015—2022 (Kiloton)
Table 24 Taiwan: Size, By Application, 2015—2022 (USD Million)
Table 25 Rest of APAC: n-Butanol Market Size, By Application,2015—2022 (Kiloton)
Table 26 Rest of APAC: Size, By Application,2015—2022 (USD Million)
Table 27 North America: n-Butanol Market Size, By Country, 2015–2022 (Kiloton)
Table 28 North America: Size, By Country,2015–2022 (USD Million)
Table 29 North America: Size, By Application,2015–2022 (Kiloton)
Table 30 North America: Size, By Application,2015–2022 (USD Million)
Table 31 US: n-Butanol Market Size, By Application, 2015–2022 (Kiloton)
Table 32 US: Size, By Application, 2015–2022 (USD Million)
Table 33 Canada: n-Butanol Market Size, By Application, 2015–2022 (Kiloton)
Table 34 Canada: Size, By Application, 2015–2022 (USD Million)
Table 35 Mexico: n-Butanol Market Size, By Application, 2015–2022 (Kiloton)
Table 36 Mexico: Size, By Application, 2015–2022 (USD Million)
Table 37 Europe: n-Butanol Market Size, By Country, 2015—2022 (Kiloton)
Table 38 Europe: Size, By Country, 2015—2022 (USD Million)
Table 39 Europe: Size, By Application, 2015—2022 (Kiloton)
Table 40 Europe: Size, By Application, 2015—2022 (USD Million)
Table 41 Germany: n-Butanol Market Size, By Application, 2015—2022 (Kiloton)
Table 42 Germany: Size, By Application,2015—2022 (USD Million)
Table 43 France: n-Butanol Market Size, By Application, 2015—2022 (Kiloton)
Table 44 France: Size, By Application, 2015—2022 (USD Million)
Table 45 Poland: n-Butanol Market Size, By Application, 2015—2022 (Kiloton)
Table 46 Poland: Size, By Application, 2015—2022 (USD Million)
Table 47 UK: n-Butanol Market Size, By Application, 2015—2022 (Kiloton)
Table 48 UK: Size, By Application, 2015—2022 (USD Million)
Table 49 Italy: n-Butanol Market Size, By Application, 2015—2022 (Kiloton)
Table 50 Italy: Size, By Application, 2015—2022 (USD Million)
Table 51 Rest of Europe: n-Butanol Market Size, By Application,2015—2022 (Kiloton)
Table 52 Rest of Europe: Size, By Application,2015—2022 (USD Million)
Table 53 MEA: n-Butanol Market Size, By Country, 2015–2022 (Kiloton)
Table 54 MEA: Size, By Country, 2015–2022 (USD Million)
Table 55 MEA: Size, By Application, 2015–2022 (Kiloton)
Table 56 MEA: Size, By Application, 2015–2022 (USD Million)
Table 57 Saudi Arabia: n-Butanol Market Size, By Application,2015–2022 (Kiloton)
Table 58 Saudi Arabia: Size, By Application,2015–2022 (USD Million)
Table 59 South Africa: Size, By Application,2015–2022 (Kiloton)
Table 60 South Africa: Size, By Application,2015–2022 (USD Million)
Table 61 Rest of MEA: n-Butanol Market Size, By Application, 2015–2022 (Kiloton)
Table 62 Rest of MEA: Size, By Application,2015–2022 (USD Million)
Table 63 South America: By Market Size, By Country, 2015–2022 (Kiloton)
Table 64 South America: n-Butanol Market Size, By Country,2015–2022 (USD Million)
Table 65 South America: By Market Size, By Application,2015–2022 (Kiloton)
Table 66 South America: n-Butanol Market Size, By Application,2015–2022 (USD Million)
Table 67 Brazil: By Market Size, By Application, 2015–2022 (Kiloton)
Table 68 Brazil: n-Butanol Market Size, By Application, 2015–2022 (USD Million)
Table 69 Rest of South America: By Market Size, By Application,2015–2022 (Kiloton)
Table 70 Rest of South America: By Market Size, By Application,2015–2022 (USD Million)
Table 71 Expansion, 2013–2017
Table 72 Agreement, 2013–2017
Table 73 Joint Venture, 2013–2017


List of Figures (34 Figures)

Figure 1 n-Butanol Market Segmentation
Figure 2 By Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 By Market: Data Triangulation
Figure 6 Butyl Acrylate Application to Dominate the n-Butanol Market
Figure 7 MEA to Be the Fastest-Growing Market
Figure 8 Attractive Opportunities in the n-Butanol Market Between2017 and 2022
Figure 9 Butyl Acrylate to Account for the Largest Market Share
Figure 10 APAC to Lead the Market Between 2017 and 2022
Figure 11 China Was the Largest n-Butanol Market in APAC
Figure 12 APAC Accounted for the Largest Market Share
Figure 13 Factors Governing the n-Butanol Market
Figure 14 n-Butanol Market: Porter’s Five Forces Analysis
Figure 15 Butyl Acrylate to Be the Largest Application Between 2017 and 2022
Figure 16 India to Be the Fastest-Growing n-Butanol Market Between2017 and 2022
Figure 17 APAC: By Market Snapshot
Figure 18 North America: n-Butanol Market Snapshot
Figure 19 Germany to Be the Leading n-Butanol Market in Europe
Figure 20 Companies Adopted Agreement as the Key Growth Strategy, 2013–2017
Figure 21 BASF SE Led the n-Butanol Market in 2016
Figure 22 BASF SE: Company Snapshot
Figure 23 BASF SE: SWOT Analysis
Figure 24 The Dow Chemical Company: Company Snapshot
Figure 25 The Dow Chemical Company: SWOT Analysis
Figure 26 Sasol: Company Snapshot
Figure 27 Sasol: SWOT Analysis
Figure 28 Petrochina: Company Snapshot
Figure 29 Petrochina: SWOT Analysis
Figure 30 Eastman: Company Snapshot
Figure 31 Eastman: SWOT Analysis
Figure 32 BASF Petronas Chemicals: Company Snapshot
Figure 33 Sinopec: Company Snapshot
Figure 34 KH Neochem: Company Snapshot


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