Butyl Alcohol (1-Butanol) Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030
1-Butanol is a primary alcohol with a 4-carbon structure and the chemical formula is C4H9OH. Its isomers include isobutanol, 2-butanol and tert-butanol. 1-Butanol is produced mainly by fermentation and carbonyl synthesis. It is used as chemical intermediate in the production of butyl acetate, butyl acrylate, diethyl phthalate, as the solvents for paint and plasticizers, and as a potential fuel in vehicle.
The 1-butanol industry is mainly in the United States, Europe, Japan and China, among which the United States is the largest country in the production of butanol. The major producers include BASF, Dow, Oxea, Eastman, Formosa, China Nation Petroleum, Kyowa Hakko, etc. BASF is the largest producer in the world, taking 16%-18% in the production share. Dow Company followed as second producer.
The consumption of 1-butanol is mainly in the United States, Europe and Asia, while Asia taking more than 40%, United States taking 24%-28%. Market of the United States, Europe and Japan 1-butanol has matured with excessed capacity, decreasing demand, while for the rest of Asia the demand has rapid growth in demand in recent years.
In Africa, the demand of 1-butanol downstream is small. So the producer of 1-butanol in Africa, such as Sasol limited, usually exports the 1-butanol.
The Global Butyl Alcohol (1-Butanol) Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
As the report focuses on global Butyl Alcohol (1-Butanol) Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
BASF
Dow Chemical Company
Oxea Group
Eastman Chemical Company
Formosa Plastic Group
China Nation Petroleum
Sinopec Group
Sasol Limited
Kyowa Hakko
The Kaiteki Company
Yankuang Group
Bohai Chemical Industry Co.,Ltd
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Biobutanol
Chemical Butanol
In Market segmentation by applications :
Fermentation
Chemical Synthsis
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Butyl Alcohol (1-Butanol) Market for the forecast period 2023 - 2030?
• What are the driving forces in the Butyl Alcohol (1-Butanol) Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Butyl Alcohol (1-Butanol) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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