N Butanol Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
The global market for n butanol is projected to witness considerable growth owing to its numerous benefits in chemical industry and automotive applications. As butanol reduces emissions such as unburned hydrocarbons its utilization as an automotive fuel to clean air demands its adoption in automobile industries.
Its use as a solvent for paints, coatings, varnishes, fats, oils, wax rubber for chemical industries and also use in makeup products, nail products, personal care and hygiene products encourages the manufacturers to scale its production.
Increased Construction Activities may boost the Adoption
Rapid industrialization and construction activities especially in developing economies require decoration and protective materials too that may lead to the growth of products of n-butanol. As paint, and coatings are required for construction activities, consumers may adopt n-butanol applications. Moreover, China, Malaysia, Japan etc. invest around 5% of GDP for construction and infrastructure as per aiib.org.
n- Butanol as a Clean Fuel to have Lucrative growth
As per sciencedirect article, n-butanol can replace diesel engine as a next generation biofuel owing to its efficient operation, pollution mitigation and carbon dioxide reduction. N- butanol combustion exhibits rapid burning and engine load is generally limited below 50% of the baseline capability. Regulations by government in various countries are leading the consumers and manufacturers to use n-butanol as a fuel.
For instance, European Commission has proposed reduction of carbon dioxide by 15% in 2025 and 30% by 2030 for heavy duty trucks. For light weight vehicles the target is to reduce 31% by 2030 and 37.5% for passenger cars.
Vehicle running on n-butanol fuel can achieve carbon dioxide emission from 35% to 80% depending on the biomass technology. Therefore, its growth in nations focusing on environmental issues may have a huge demand.
Difficult Process of Production of n-butanol
n-butanol production is done by fermentation of butanol mixed with ethanol and acetone by Clostridium/ABE fermentation. The production by Clostridium remains a difficult process in genetically manipulating clostridial strains. Also, the fermentation technique aids some toxic bacteria due to the result most of the n-butanol is produced synthetically from crude oil. Fluctuations in the price of crude oil gets reflected in the end use product thus, hampering its growth in directly.
The prominent players in the industry include: BASF, DOW Chemical Company, OQ Chemicals, SASOL, Petrochina, Mitsubishi Chemical Company, KH Neochem, Eastman (US), BASF Petronas Chemicals, Cobalt Technologies, Oxochimie, Andhra Petrochemicals, National Petroleum Corporation, Green Biologics, China National Petroleum Corporation, Saudi Kayan Petrochemical Company, Eastman Renewable Materials, LLC, INEOS Oxide Ltd., Perstorp Holding AB, etc.
OQ chemicals have announced the increase in their raw material costs to be effective from March 2021. The rates of 2-ethylhexanol, n-butanol, isobutanol, n-butyl acetate, isobutyl acetate, n-propanol, n-propyl acetate, trimethylolpropane are expected to be revised. OQ Chemicals Corporation will be allocating global supply for all unfilled and future purchase orders. Many products among the list are used for the production of high quality lubricants, cosmetics and pharmaceutical products.
BASF Digital Farming have partnered with Zen-noh for the development of xarvio FIELD MANAGER, an AI based digital crop optimization platform in July 2020 expected to be launch in April 2021. The product offers real time information and recommendation supporting farmers to make well informed and analysed decisions. Farmers can be informed about growth stages of crops and risk of diseases and weeds derived from robust data backbones such as weather data and satellite data.
DOW Chemical and Johnson Matthey in Feb 2020 has selected LP Oxo Selector Technology to produce butanol at a new manufacturing facility. The technology licensed through DOW and JM enables the efficient production of butanol with low investment and operating cost. The new facility will represent 55th license of LP Oxo Technology in partnership with DOW.
Demand of n butanol is projected to surge owing to different factors, for instance cosmetic industries, construction activities, as a clean fuel, etc.
Asia Pacific is projected to hold the largest share in the demand of n butanol. Growth in construction industries, pharmaceuticals, textile, paint & coatings in the region contributes the adoption of n butanol applications. As per adb.org, growth in construction industry in Asia is expected to rebound by 6.8% in 2021 after the 0.7% decline in 2020. China can witness a growth of 7.7% in 2021 while India’s construction sector can grow up to 8% in the coming year which also leads the demand for paints and coatings growing the adoption of n-butanol. Cosmetic industry is also the biggest factor for growth of n butanol in the region as, as per medalerthelp.org, Asia accounts for 39% of the global cosmetic product market.
Growing demand of cosmetics in Europe is also a factor for growth of n butanol in the region. As per Medalerthelp.org, UK ranks third in terms of beauty products preceded by Germany and France. The demand of skin care products among people value up to 22.3% and hair care item demand of 17.9%. Whole Europe contributes 24% of global beauty market thus growing the requirement of n butanol in the region.
North America is expected to show significant growth due to the expansion of personal care, textile industry and medical sector in the region. Demand for butyl acrylate, and glycol with low prices of shale gas could be the growing factor for the adoption of n butanol. Moreover, with 25% of share in cosmetic industry, the country is the second growing industry in manufacturing of cosmetic product as per medalerthelp.org, therefore, comprising the demand for n butanol in the market.
By End Use
Key Questions Answered
Personal care, construction and paints & coatings.
Asia Pacific is expected to lead the market owing to growth in construction industries, automotive production in China, and other countries etc.
Butyl acrylate owing to its increasing use in composition of various copolymers.
Butyl Acrylate, Butyl Acetate, Glycol Ethers, Direct Solvent, Plasticizers, etc. are the applications of n-butanol.
Eastman (US), BASF Petronas Chemicals, Cobalt Technologies, Oxochimie, Andhra Petrochemicals, etc.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report