n-Butanol Market by Grade (Industrial, Pharmaceutical), Distribution Channel, Feedstock, Application (Butyl Carboxylate, Direct Solvents, Specialty Chemicals, Rubber & Plasticizers), End-Use Industry and Region - Global Forecast to 2029
The market for n-butanol is projected to reach USD 7.50 billion by 2029, from USD 5.63 billion in 2024, at a CAGR of 5.9% during the forecast period
“Increase in urbanization and infrastructure development.”
Urbanization and infrastructure development drive the global n-butanol market. Infrastructural expansion to facilitate economic development in the countries creates immense demand for paints and coatings, thereby providing opportunities enough for n-butanol to drive the industry. Construction is one of the leading sectors in the global economy. In developed regions, construction adds up to 5% of GDP and in developing regions, it is as high as 8%. According to the U.S. Census, in 2019, construction activities accounted for an expenditure of USD 1303.50 billion. In the coming two decades, the expenses on infrastructure are going to surge sharply, as the global annual spending is pegged at USD 3.7 trillion by 2040.
The areas with the most significant infrastructure investment gaps are South America and Africa, which have tremendous potential for the future. In Asian countries such as Hong Kong, Taiwan, and Korea construction has been used as a means of fueling their economies to join the world's economy mainstream. Malaysia and China are also resorting to highly massive infrastructure projects to become full participants in the global economy. India's construction sector ranks as the third biggest amongst the larger economic sectors of the country and the second largest employment generator, after agriculture. It is expected to add up to 12-15% of the GDP by 2025.
The total investment in dwellings within the European Union accounted for 5.6 % of GDP in 2021. The percentage of Member States was different: between 7.6 % in Cyprus and 7.2 % in Germany and Finland, at a lower level than that for the European Union as a whole, reached only 1.3 % in Greece, 2.1 % in Ireland, 2.2 % in Latvia and 2.3 % in Poland. It reflects construction's critical role in stability and growth in the region. A significant increase in construction activity, particularly in the developing regions, has created a demand for high-quality coatings for residential as well as commercial projects, resulting in increased consumption of n-butanol-based products.
“Based on grade, the industrial segment has the largest market share during the forecast period, in terms of value.”
Industrial segment the largest share of the market in n-butanol for the forecast period, mainly due to its wide application in varied industries. Such a demand of n-butanol as the solvent and chemical intermediate in manufacture of coatings, adhesives, and plastic would provide this segment to emerge at the corner. This flexibility in the molecule makes n-butanol valuable in the manufacturing process for butyl acrylate and butyl acetate which are widely used in paints and coatings.
Another area of great importance is the paints and coatings industry. As high-performance coatings form part now of residential buildings and also of commercial ones, then the rise in the construction field also supports this demand more because industries demand finishes to be equally hard-wearing and aesthetically pleasing. Also, n-butanol is widely used to manufacture plasticizers and direct solvents, a point that contributes highly to its market presence.
Growing concerns over sustainability and low environmental footprint in industries have progressively led to an uptrend in the adoption of bio-based n-butanol. The growth of the industrial segment benefits from the uptrend trend in adoption besides being in line with the world's adaptation of greener production processes. In general, the leading status of the industrial segment adequately represents n-butanol's importance to manufacturing applications and its capabilities to meet dynamic market needs.
“Based on application, the direct solvent segment has the second largest market share during the forecast period, in terms of value.”
The direct solvent segment is the second largest in terms of market share in the forecast period, with significant application usage. This segment will generate huge revenues due to wide n-butanol usage as a direct solvent, which is valued for good solvency properties and compatibility with most resins and binders. Such properties have made it an essential product in the manufacture of paints, coatings, emulsions, lacquers, and inks. Its higher evaporation rate and less toxicity than the conventional solvents make this product more attractive in industrial as well as consumer markets. The increasing demand for quality coatings in construction and automobile industries is showing a positive movement in both sectors as they look for efficient solvents that can bring about minimum restrictions on stiff environmental regulations for high performance. Prospects with leading industries on a shift toward sustainable practices and high-performance materials will make the direct solvent market for n-butanol explode enormously in the near future.
“Based on end-use industry, paints and coatings has the largest market share during the forecast period, in terms of value.”
The paints and coatings industry is the biggest end-use sector that fuels the growth of the n-butanol market, primarily due to its excellent solvent properties as well as compatibility with many different resin compositions, n-Butanol is widely used in paint and coating formulations since it increases flow and lowers the viscosity. Thus, it prevents other problems like cobwebbing related to application. It is, therefore, a preferred solvent for industrial as well as consumer-grade coatings.
The increasing demand for n-butanol in paints and coatings continues to gain further momentum from growth in the construction and automotive sectors, where high-performance coatings are needed. An increase in urbanization and infrastructural initiatives spurred the growth, particularly in the rapidly growing regions durable and attractive coatings spur substantial consumption of n-butanol.
“Based on region, Asia Pacific is the largest market for n-butanol in 2023, in terms of value.”
Asia Pacific market is projected to reach around 30.9% share of the global total market share during 2024, estimated around USD 1.25 billion by 2024. The market is expected to grow with a compound annual growth rate of 4.6% during 2024-2034. The largest volume usage of n-butanol in North America is primarily because of its use as a solvent that enhances the flow and application properties of several paints and coatings. Increased construction activity, primarily in residences and commercial buildings, continues to drive demand for n-butanol, an essential ingredient in high-end paints and coatings applied in these buildings.
The shale gas revolution across North America improved not only supply but also competitiveness for feedstocks in the production of chemicals, which, in the case of n-butanol, turned out to be low-cost. Such an edge enabled local producers to grow more and to satisfy the increasing demand in all sectors industrial, automotive, construction, and personal care. Overall, the North American n-butanol market is well-suited for growth due to the high level of industrialization, technology, and focus towards sustainability. Domestic and international players in this business will find tremendous opportunities in such an environment.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
Research Coverage
This report segments the n-butanol market based on grade, distribution channel, feedstock, application, end-use industry, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the n-butanol market.
Key benefits of buying this report
This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the n-butanol market, high-growth regions, and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
“Increase in urbanization and infrastructure development.”
Urbanization and infrastructure development drive the global n-butanol market. Infrastructural expansion to facilitate economic development in the countries creates immense demand for paints and coatings, thereby providing opportunities enough for n-butanol to drive the industry. Construction is one of the leading sectors in the global economy. In developed regions, construction adds up to 5% of GDP and in developing regions, it is as high as 8%. According to the U.S. Census, in 2019, construction activities accounted for an expenditure of USD 1303.50 billion. In the coming two decades, the expenses on infrastructure are going to surge sharply, as the global annual spending is pegged at USD 3.7 trillion by 2040.
The areas with the most significant infrastructure investment gaps are South America and Africa, which have tremendous potential for the future. In Asian countries such as Hong Kong, Taiwan, and Korea construction has been used as a means of fueling their economies to join the world's economy mainstream. Malaysia and China are also resorting to highly massive infrastructure projects to become full participants in the global economy. India's construction sector ranks as the third biggest amongst the larger economic sectors of the country and the second largest employment generator, after agriculture. It is expected to add up to 12-15% of the GDP by 2025.
The total investment in dwellings within the European Union accounted for 5.6 % of GDP in 2021. The percentage of Member States was different: between 7.6 % in Cyprus and 7.2 % in Germany and Finland, at a lower level than that for the European Union as a whole, reached only 1.3 % in Greece, 2.1 % in Ireland, 2.2 % in Latvia and 2.3 % in Poland. It reflects construction's critical role in stability and growth in the region. A significant increase in construction activity, particularly in the developing regions, has created a demand for high-quality coatings for residential as well as commercial projects, resulting in increased consumption of n-butanol-based products.
“Based on grade, the industrial segment has the largest market share during the forecast period, in terms of value.”
Industrial segment the largest share of the market in n-butanol for the forecast period, mainly due to its wide application in varied industries. Such a demand of n-butanol as the solvent and chemical intermediate in manufacture of coatings, adhesives, and plastic would provide this segment to emerge at the corner. This flexibility in the molecule makes n-butanol valuable in the manufacturing process for butyl acrylate and butyl acetate which are widely used in paints and coatings.
Another area of great importance is the paints and coatings industry. As high-performance coatings form part now of residential buildings and also of commercial ones, then the rise in the construction field also supports this demand more because industries demand finishes to be equally hard-wearing and aesthetically pleasing. Also, n-butanol is widely used to manufacture plasticizers and direct solvents, a point that contributes highly to its market presence.
Growing concerns over sustainability and low environmental footprint in industries have progressively led to an uptrend in the adoption of bio-based n-butanol. The growth of the industrial segment benefits from the uptrend trend in adoption besides being in line with the world's adaptation of greener production processes. In general, the leading status of the industrial segment adequately represents n-butanol's importance to manufacturing applications and its capabilities to meet dynamic market needs.
“Based on application, the direct solvent segment has the second largest market share during the forecast period, in terms of value.”
The direct solvent segment is the second largest in terms of market share in the forecast period, with significant application usage. This segment will generate huge revenues due to wide n-butanol usage as a direct solvent, which is valued for good solvency properties and compatibility with most resins and binders. Such properties have made it an essential product in the manufacture of paints, coatings, emulsions, lacquers, and inks. Its higher evaporation rate and less toxicity than the conventional solvents make this product more attractive in industrial as well as consumer markets. The increasing demand for quality coatings in construction and automobile industries is showing a positive movement in both sectors as they look for efficient solvents that can bring about minimum restrictions on stiff environmental regulations for high performance. Prospects with leading industries on a shift toward sustainable practices and high-performance materials will make the direct solvent market for n-butanol explode enormously in the near future.
“Based on end-use industry, paints and coatings has the largest market share during the forecast period, in terms of value.”
The paints and coatings industry is the biggest end-use sector that fuels the growth of the n-butanol market, primarily due to its excellent solvent properties as well as compatibility with many different resin compositions, n-Butanol is widely used in paint and coating formulations since it increases flow and lowers the viscosity. Thus, it prevents other problems like cobwebbing related to application. It is, therefore, a preferred solvent for industrial as well as consumer-grade coatings.
The increasing demand for n-butanol in paints and coatings continues to gain further momentum from growth in the construction and automotive sectors, where high-performance coatings are needed. An increase in urbanization and infrastructural initiatives spurred the growth, particularly in the rapidly growing regions durable and attractive coatings spur substantial consumption of n-butanol.
“Based on region, Asia Pacific is the largest market for n-butanol in 2023, in terms of value.”
Asia Pacific market is projected to reach around 30.9% share of the global total market share during 2024, estimated around USD 1.25 billion by 2024. The market is expected to grow with a compound annual growth rate of 4.6% during 2024-2034. The largest volume usage of n-butanol in North America is primarily because of its use as a solvent that enhances the flow and application properties of several paints and coatings. Increased construction activity, primarily in residences and commercial buildings, continues to drive demand for n-butanol, an essential ingredient in high-end paints and coatings applied in these buildings.
The shale gas revolution across North America improved not only supply but also competitiveness for feedstocks in the production of chemicals, which, in the case of n-butanol, turned out to be low-cost. Such an edge enabled local producers to grow more and to satisfy the increasing demand in all sectors industrial, automotive, construction, and personal care. Overall, the North American n-butanol market is well-suited for growth due to the high level of industrialization, technology, and focus towards sustainability. Domestic and international players in this business will find tremendous opportunities in such an environment.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
- By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
- By Designation: Manager Level - 20%, Director Level - 10%, and Others - 70%
- By Region: North America - 35%, Europe - 15%, Asia Pacific - 40%, Rest of the World-10%
Research Coverage
This report segments the n-butanol market based on grade, distribution channel, feedstock, application, end-use industry, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the n-butanol market.
Key benefits of buying this report
This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the n-butanol market, high-growth regions, and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Analysis of key drivers (Growing urbanization and infrastructure development), restraints (Fluctuating raw material prices and their scarcity in the future), opportunities (Emerging trends in bio-based n-butanol) and challenges (Stringent regulations and restrictions).
- Market Penetration: Comprehensive information on the n-butanol market offered by top players in the global n-butanol market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the n-butanol market.
- Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for n-butanol market across regions.
- Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global n-butanol market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the n-butanol market
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.3.5 UNITS CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
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 primary participants: Demand and supply sides
2.1.2.2 Key data from primary sources
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 GROWTH FORECAST
2.3.1 SUPPLY SIDE
2.3.2 DEMAND SIDE
2.4 DATA TRIANGULATION
2.5 FACTOR ANALYSIS
2.6 RESEARCH ASSUMPTIONS
2.7 RESEARCH LIMITATIONS AND RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN N-BUTANOL MARKET
4.2 N-BUTANOL MARKET, BY GRADE
4.3 N-BUTANOL MARKET, BY FEEDSTOCK
4.4 N-BUTANOL MARKET, BY APPLICATION
4.5 N-BUTANOL MARKET, BY END-USE INDUSTRY
4.6 N-BUTANOL MARKET, BY KEY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing automotive industry in Asia Pacific
5.2.1.2 Rapid urbanization and infrastructure development
5.2.2 RESTRAINTS
5.2.2.1 Scarcity of raw materials and fluctuating prices
5.2.2.2 Potential health hazards and environmental concerns
regarding solvent-based systems
5.2.3 OPPORTUNITIES
5.2.3.1 Emerging trends in bio-based n-butanol
5.2.4 CHALLENGES
5.2.4.1 Stringent regulations and restrictions
5.2.4.2 Low economies of scale for small-scale plants
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF SUBSTITUTES
5.3.2 THREAT OF NEW ENTRANTS
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.4.2 BUYING CRITERIA
5.5 MACROECONOMIC INDICATORS
5.5.1 GLOBAL GDP TRENDS
5.5.2 GLOBAL VEHICLE PRODUCTION STATISTICS
5.6 VALUE CHAIN ANALYSIS
5.6.1 RAW MATERIAL SUPPLIERS
5.6.2 MANUFACTURERS
5.6.3 DISTRIBUTORS
5.6.4 END USERS/CONSUMERS
5.7 ECOSYSTEM ANALYSIS
5.8 KEY CONFERENCES AND EVENTS, 2024–2025
5.9 PATENT ANALYSIS
5.9.1 METHODOLOGY
5.9.2 DOCUMENT TYPES
5.9.3 PUBLICATION TRENDS
5.9.4 INSIGHTS
5.9.5 LEGAL STATUS OF PATENTS
5.9.6 JURISDICTION ANALYSIS
5.9.7 TOP APPLICANTS
5.10 TRADE ANALYSIS
5.10.1 IMPORT SCENARIO (HS CODE 290513)
5.10.2 EXPORT SCENARIO (HS CODE 290513)
5.11 REGULATORY LANDSCAPE
5.11.1 ENVIRONMENTAL REGULATIONS
5.11.1.1 North America
5.11.1.2 Europe
5.11.1.3 Others
5.11.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12 PRICING ANALYSIS
5.12.1 AVERAGE SELLING PRICE TREND, BY REGION
5.12.2 AVERAGE SELLING PRICE TREND, BY FEEDSTOCK
5.12.3 INDICATIVE AVERAGE SELLING PRICE OFFERED KEY PLAYERS,
BY APPLICATION
5.13 INVESTMENT AND FUNDING SCENARIO
5.14 TECHNOLOGY ANALYSIS
5.14.1 KEY TECHNOLOGIES
5.14.1.1 Biobutanol production technology
5.14.2 COMPLEMENTARY TECHNOLOGIES
5.14.2.1 Catalytic process for butanol production
5.15 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.16 IMPACT OF AI/GENAI
6 N-BUTANOL MARKET, BY GRADE
6.1 INTRODUCTION
6.2 INDUSTRIAL
6.2.1 USE IN VERSATILE APPLICATIONS AND UNIQUE PROPERTIES
TO DRIVE MARKET
6.3 PHARMACEUTICAL
6.3.1 INCREASING DEMAND IN DRUG FORMULATIONS AND EXTRACTION PROCESSES TO DRIVE MARKET
6.4 OTHER GRADES
7 N-BUTANOL MARKET, BY DISTRIBUTION CHANNEL
7.1 INTRODUCTION
7.2 RETAILERS
7.3 DISTRIBUTORS & TRADERS
7.4 DIRECT IMPORTS
7.5 DIRECT COMPANY SALES
7.6 OTHER DISTRIBUTION CHANNELS
8 N-BUTANOL MARKET, BY FEEDSTOCK
8.1 INTRODUCTION
8.2 CONVENTIONAL
8.2.1 EFFICACY OF OXO PROCESS AND AVAILABLE INFRASTRUCTURE
TO FUEL DEMAND
8.3 BIO BASED
8.3.1 SUSTAINABLE N-BUTANOL PRODUCTION THROUGH BIO-BASED
FEEDSTOCK TO DRIVE MARKET
9 N-BUTANOL MARKET, BY APPLICATION
9.1 INTRODUCTION
9.2 BUTYL CARBOXYLATE
9.2.1 WIDE USE IN PRODUCTION OF PLASTICIZERS, SURFACTANTS,
AND LUBRICANT ADDITIVES TO DRIVE MARKET
9.2.2 BUTYL ACETATE
9.2.3 BUTYL ACRYLATE
9.2.4 GLYCOL ETHER
9.2.5 OTHER BUTYL CARBOXYLATES
9.3 DIRECT SOLVENTS
9.3.1 GROWING FOCUS ON SUSTAINABILITY AND CREATION OF BIO-BASED SUBSTITUTES TO BOOST MARKET
9.4 SPECIALTY CHEMICALS
9.4.1 TRANSFORMATIVE ROLE IN MODERN FORMULATIONS TO DRIVE MARKET
9.5 RUBBER & PLASTICIZERS
9.5.1 ELEVATING PERFORMANCE CHARACTERISTICS OF PLASTIC FORMULATIONS AND RUBBER BLENDS TO BOOST DEMAND
9.6 OTHER APPLICATIONS
10 N-BUTANOL MARKET, BY END-USE INDUSTRY
10.1 INTRODUCTION
10.2 AGRICULTURE
10.2.1 ESSENTIAL ROLE IN AGROCHEMICAL FORMULATIONS TO DRIVE MARKET
10.3 BUILDING & CONSTRUCTION
10.3.1 RISING DEMAND FOR N-BUTANOL IN CONSTRUCTION MATERIALS
TO DRIVE MARKET
10.4 PAINTS & COATINGS
10.4.1 EFFICACY OF N-BUTANOL IN ENHANCING DURABILITY AND STRESS RESISTANCE OF COATINGS TO BOOST DEMAND
10.5 MARINE
10.5.1 GROWTH OF MARINE INDUSTRY THROUGH HIGH-PERFORMANCE
AND SUSTAINABLE SOLUTIONS TO DRIVE MARKET
10.6 PHARMACEUTICAL
10.6.1 EXCEPTIONAL SOLVENT PROPERTIES TO BOOST DEMAND FOR N-BUTANOL
10.7 PERSONAL CARE
10.7.1 INNOVATIVE FORMULATIONS AND TECHNOLOGIES UTILIZING N-BUTANOL
IN PERSONAL CARE TO DRIVE MARKET
10.8 OTHER END-USE INDUSTRIES
11 N-BUTANOL MARKET, BY REGION
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.2.1 US
11.2.1.1 Robust industrial growth and diverse applications of n-butanol
to drive market
11.2.2 CANADA
11.2.2.1 Rising demand for n-butanol in key industries and sustainable practices to boost market
11.2.3 MEXICO
11.2.3.1 Immense growth potential for domestic production of chemicals
to drive market
11.3 ASIA PACIFIC
11.3.1 CHINA
11.3.1.1 High demand from chemical and industrial processing sectors
to drive market
11.3.2 JAPAN
11.3.2.1 Surge in production of chemical-based products to drive market
11.3.3 INDIA
11.3.3.1 Rapid industrialization and government initiatives to drive market
11.3.4 SOUTH KOREA
11.3.4.1 Increasing demand for n-butanol from end-use industries
to drive market
11.3.5 REST OF ASIA PACIFIC
11.4 EUROPE
11.4.1 GERMANY
11.4.1.1 Constant innovations in major end-use industries to drive market
11.4.2 FRANCE
11.4.2.1 Robust industrial environment and economic base to drive market
11.4.3 UK
11.4.3.1 Growth of chemical and construction industries to boost market
11.4.4 ITALY
11.4.4.1 Growth of transportation industry and rise in construction
projects to drive market
11.4.5 SPAIN
11.4.5.1 Growth of construction and manufacturing industries to drive n-butanol market
11.4.6 REST OF EUROPE
11.5 MIDDLE EAST & AFRICA
11.5.1 GCC COUNTRIES
11.5.1.1 Saudi Arabia
11.5.1.1.1 Government initiatives and strategic investments to
drive demand
11.5.1.2 UAE
11.5.1.2.1 Increasing demand for n-butanol from oil & gas sector to drive market
11.5.1.3 Rest of GCC countries
11.5.2 SOUTH AFRICA
11.5.2.1 Significantly expanding market to meet rising industrial demands
11.5.3 REST OF MIDDLE EAST & AFRICA
11.6 SOUTH AMERICA
11.6.1 BRAZIL
11.6.1.1 Growing construction sector to drive market
11.6.2 ARGENTINA
11.6.2.1 Increased investments in infrastructure projects to drive market
11.6.3 REST OF SOUTH AMERICA
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
12.3 REVENUE ANALYSIS
12.4 MARKET SHARE ANALYSIS
12.5 COMPANY VALUATION AND FINANCIAL METRICS
12.6 BRAND/PRODUCTION COMPARISON
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.7.1 STARS
12.7.2 EMERGING LEADERS
12.7.3 PERVASIVE PLAYERS
12.7.4 PARTICIPANTS
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
12.7.5.1 Company footprint
12.7.5.2 Grade footprint
12.7.5.3 Distribution channel footprint
12.7.5.4 Feedstock footprint
12.7.5.5 Application footprint
12.7.5.6 End-use industry footprint
12.7.5.7 Region footprint
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
12.8.1 PROGRESSIVE COMPANIES
12.8.2 RESPONSIVE COMPANIES
12.8.3 DYNAMIC COMPANIES
12.8.4 STARTING BLOCKS
12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
12.8.5.1 Detailed list of key start-ups/SMEs
12.8.5.2 Competitive benchmarking of key startups/SMEs
12.9 COMPETITIVE SCENARIO
12.9.1 PRODUCT DEVELOPMENTS
12.9.2 DEALS
12.9.3 EXPANSIONS
13 COMPANY PROFILES
13.1 KEY PLAYERS
13.1.1 BASF
13.1.1.1 Business overview
13.1.1.2 Products offered
13.1.1.3 Recent developments
13.1.1.3.1 Deals
13.1.1.4 MnM view
13.1.1.4.1 Key strengths
13.1.1.4.2 Strategic choices
13.1.1.4.3 Weaknesses and competitive threats
13.1.2 MITSUBISHI CHEMICAL GROUP CORPORATION
13.1.2.1 Business overview
13.1.2.2 Products offered
13.1.2.3 Recent developments
13.1.2.3.1 Deals
13.1.2.3.2 Expansions
13.1.2.4 MnM view
13.1.2.4.1 Key strengths
13.1.2.4.2 Strategic choices
13.1.2.4.3 Weaknesses and competitive threats
13.1.3 THE DOW CHEMICAL COMPANY
13.1.3.1 Business overview
13.1.3.2 Products offered
13.1.3.3 Recent developments
13.1.3.3.1 Product developments
13.1.3.3.2 Deals
13.1.3.4 MnM view
13.1.3.4.1 Key strengths
13.1.3.4.2 Strategic choices
13.1.3.4.3 Weaknesses and competitive threats
13.1.4 KH NEOCHEM CO., LTD.
13.1.4.1 Business overview
13.1.4.2 Products offered
13.1.4.3 MnM view
13.1.4.3.1 Key strengths
13.1.4.3.2 Strategic choices
13.1.4.3.3 Weaknesses and competitive threats
13.1.5 EASTMAN CHEMICAL COMPANY
13.1.5.1 Business overview
13.1.5.2 Products offered
13.1.5.3 Recent developments
13.1.5.3.1 Deals
13.1.5.4 MnM view
13.1.5.4.1 Key strengths
13.1.5.4.2 Strategic choices
13.1.5.4.3 Weaknesses and competitive threats
13.1.6 SASOL LIMITED
13.1.6.1 Business overview
13.1.6.2 Products offered
13.1.6.3 MnM view
13.1.7 OQ CHEMICALS GMBH
13.1.7.1 Business overview
13.1.7.2 Products offered
13.1.7.3 MnM view
13.1.8 PETROCHINA COMPANY LIMITED
13.1.8.1 Business overview
13.1.8.2 Products offered
13.1.8.3 MnM view
13.1.9 SABIC
13.1.9.1 Business overview
13.1.9.2 Products offered
13.1.9.3 Recent developments
13.1.9.3.1 Deals
13.1.9.4 MnM view
13.1.10 PETRONAS CHEMICALS GROUP BERHAD
13.1.10.1 Business overview
13.1.10.2 Products offered
13.1.10.3 Recent developments
13.1.10.3.1 Deals
13.1.10.4 MnM view
13.2 OTHER PLAYERS
13.2.1 NACALAI TESQUE, INC.
13.2.2 TOKYO CHEMICAL INDUSTRY CO., LTD.
13.2.3 CENTRAL DRUG HOUSE
13.2.4 THE CHEMICAL COMPANY
13.2.5 WANHUA
13.2.6 GREEN BIOLOGICS LTD
13.2.7 KR CHEMICALS
13.2.8 INEOS OXIDE
13.2.9 GRUPA AZOTY
13.2.10 ANHUI SHUGUANG CHEMICAL GROUP
13.2.11 THE ANDHRA PETROCHEMICALS LIMITED
13.2.12 TEXMARK CHEMICALS, INC.
13.2.13 NEUCHEM
13.2.14 SHRINE CHEMICALS
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.3.5 UNITS CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
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 primary participants: Demand and supply sides
2.1.2.2 Key data from primary sources
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 GROWTH FORECAST
2.3.1 SUPPLY SIDE
2.3.2 DEMAND SIDE
2.4 DATA TRIANGULATION
2.5 FACTOR ANALYSIS
2.6 RESEARCH ASSUMPTIONS
2.7 RESEARCH LIMITATIONS AND RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN N-BUTANOL MARKET
4.2 N-BUTANOL MARKET, BY GRADE
4.3 N-BUTANOL MARKET, BY FEEDSTOCK
4.4 N-BUTANOL MARKET, BY APPLICATION
4.5 N-BUTANOL MARKET, BY END-USE INDUSTRY
4.6 N-BUTANOL MARKET, BY KEY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing automotive industry in Asia Pacific
5.2.1.2 Rapid urbanization and infrastructure development
5.2.2 RESTRAINTS
5.2.2.1 Scarcity of raw materials and fluctuating prices
5.2.2.2 Potential health hazards and environmental concerns
regarding solvent-based systems
5.2.3 OPPORTUNITIES
5.2.3.1 Emerging trends in bio-based n-butanol
5.2.4 CHALLENGES
5.2.4.1 Stringent regulations and restrictions
5.2.4.2 Low economies of scale for small-scale plants
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF SUBSTITUTES
5.3.2 THREAT OF NEW ENTRANTS
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.4.2 BUYING CRITERIA
5.5 MACROECONOMIC INDICATORS
5.5.1 GLOBAL GDP TRENDS
5.5.2 GLOBAL VEHICLE PRODUCTION STATISTICS
5.6 VALUE CHAIN ANALYSIS
5.6.1 RAW MATERIAL SUPPLIERS
5.6.2 MANUFACTURERS
5.6.3 DISTRIBUTORS
5.6.4 END USERS/CONSUMERS
5.7 ECOSYSTEM ANALYSIS
5.8 KEY CONFERENCES AND EVENTS, 2024–2025
5.9 PATENT ANALYSIS
5.9.1 METHODOLOGY
5.9.2 DOCUMENT TYPES
5.9.3 PUBLICATION TRENDS
5.9.4 INSIGHTS
5.9.5 LEGAL STATUS OF PATENTS
5.9.6 JURISDICTION ANALYSIS
5.9.7 TOP APPLICANTS
5.10 TRADE ANALYSIS
5.10.1 IMPORT SCENARIO (HS CODE 290513)
5.10.2 EXPORT SCENARIO (HS CODE 290513)
5.11 REGULATORY LANDSCAPE
5.11.1 ENVIRONMENTAL REGULATIONS
5.11.1.1 North America
5.11.1.2 Europe
5.11.1.3 Others
5.11.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12 PRICING ANALYSIS
5.12.1 AVERAGE SELLING PRICE TREND, BY REGION
5.12.2 AVERAGE SELLING PRICE TREND, BY FEEDSTOCK
5.12.3 INDICATIVE AVERAGE SELLING PRICE OFFERED KEY PLAYERS,
BY APPLICATION
5.13 INVESTMENT AND FUNDING SCENARIO
5.14 TECHNOLOGY ANALYSIS
5.14.1 KEY TECHNOLOGIES
5.14.1.1 Biobutanol production technology
5.14.2 COMPLEMENTARY TECHNOLOGIES
5.14.2.1 Catalytic process for butanol production
5.15 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.16 IMPACT OF AI/GENAI
6 N-BUTANOL MARKET, BY GRADE
6.1 INTRODUCTION
6.2 INDUSTRIAL
6.2.1 USE IN VERSATILE APPLICATIONS AND UNIQUE PROPERTIES
TO DRIVE MARKET
6.3 PHARMACEUTICAL
6.3.1 INCREASING DEMAND IN DRUG FORMULATIONS AND EXTRACTION PROCESSES TO DRIVE MARKET
6.4 OTHER GRADES
7 N-BUTANOL MARKET, BY DISTRIBUTION CHANNEL
7.1 INTRODUCTION
7.2 RETAILERS
7.3 DISTRIBUTORS & TRADERS
7.4 DIRECT IMPORTS
7.5 DIRECT COMPANY SALES
7.6 OTHER DISTRIBUTION CHANNELS
8 N-BUTANOL MARKET, BY FEEDSTOCK
8.1 INTRODUCTION
8.2 CONVENTIONAL
8.2.1 EFFICACY OF OXO PROCESS AND AVAILABLE INFRASTRUCTURE
TO FUEL DEMAND
8.3 BIO BASED
8.3.1 SUSTAINABLE N-BUTANOL PRODUCTION THROUGH BIO-BASED
FEEDSTOCK TO DRIVE MARKET
9 N-BUTANOL MARKET, BY APPLICATION
9.1 INTRODUCTION
9.2 BUTYL CARBOXYLATE
9.2.1 WIDE USE IN PRODUCTION OF PLASTICIZERS, SURFACTANTS,
AND LUBRICANT ADDITIVES TO DRIVE MARKET
9.2.2 BUTYL ACETATE
9.2.3 BUTYL ACRYLATE
9.2.4 GLYCOL ETHER
9.2.5 OTHER BUTYL CARBOXYLATES
9.3 DIRECT SOLVENTS
9.3.1 GROWING FOCUS ON SUSTAINABILITY AND CREATION OF BIO-BASED SUBSTITUTES TO BOOST MARKET
9.4 SPECIALTY CHEMICALS
9.4.1 TRANSFORMATIVE ROLE IN MODERN FORMULATIONS TO DRIVE MARKET
9.5 RUBBER & PLASTICIZERS
9.5.1 ELEVATING PERFORMANCE CHARACTERISTICS OF PLASTIC FORMULATIONS AND RUBBER BLENDS TO BOOST DEMAND
9.6 OTHER APPLICATIONS
10 N-BUTANOL MARKET, BY END-USE INDUSTRY
10.1 INTRODUCTION
10.2 AGRICULTURE
10.2.1 ESSENTIAL ROLE IN AGROCHEMICAL FORMULATIONS TO DRIVE MARKET
10.3 BUILDING & CONSTRUCTION
10.3.1 RISING DEMAND FOR N-BUTANOL IN CONSTRUCTION MATERIALS
TO DRIVE MARKET
10.4 PAINTS & COATINGS
10.4.1 EFFICACY OF N-BUTANOL IN ENHANCING DURABILITY AND STRESS RESISTANCE OF COATINGS TO BOOST DEMAND
10.5 MARINE
10.5.1 GROWTH OF MARINE INDUSTRY THROUGH HIGH-PERFORMANCE
AND SUSTAINABLE SOLUTIONS TO DRIVE MARKET
10.6 PHARMACEUTICAL
10.6.1 EXCEPTIONAL SOLVENT PROPERTIES TO BOOST DEMAND FOR N-BUTANOL
10.7 PERSONAL CARE
10.7.1 INNOVATIVE FORMULATIONS AND TECHNOLOGIES UTILIZING N-BUTANOL
IN PERSONAL CARE TO DRIVE MARKET
10.8 OTHER END-USE INDUSTRIES
11 N-BUTANOL MARKET, BY REGION
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.2.1 US
11.2.1.1 Robust industrial growth and diverse applications of n-butanol
to drive market
11.2.2 CANADA
11.2.2.1 Rising demand for n-butanol in key industries and sustainable practices to boost market
11.2.3 MEXICO
11.2.3.1 Immense growth potential for domestic production of chemicals
to drive market
11.3 ASIA PACIFIC
11.3.1 CHINA
11.3.1.1 High demand from chemical and industrial processing sectors
to drive market
11.3.2 JAPAN
11.3.2.1 Surge in production of chemical-based products to drive market
11.3.3 INDIA
11.3.3.1 Rapid industrialization and government initiatives to drive market
11.3.4 SOUTH KOREA
11.3.4.1 Increasing demand for n-butanol from end-use industries
to drive market
11.3.5 REST OF ASIA PACIFIC
11.4 EUROPE
11.4.1 GERMANY
11.4.1.1 Constant innovations in major end-use industries to drive market
11.4.2 FRANCE
11.4.2.1 Robust industrial environment and economic base to drive market
11.4.3 UK
11.4.3.1 Growth of chemical and construction industries to boost market
11.4.4 ITALY
11.4.4.1 Growth of transportation industry and rise in construction
projects to drive market
11.4.5 SPAIN
11.4.5.1 Growth of construction and manufacturing industries to drive n-butanol market
11.4.6 REST OF EUROPE
11.5 MIDDLE EAST & AFRICA
11.5.1 GCC COUNTRIES
11.5.1.1 Saudi Arabia
11.5.1.1.1 Government initiatives and strategic investments to
drive demand
11.5.1.2 UAE
11.5.1.2.1 Increasing demand for n-butanol from oil & gas sector to drive market
11.5.1.3 Rest of GCC countries
11.5.2 SOUTH AFRICA
11.5.2.1 Significantly expanding market to meet rising industrial demands
11.5.3 REST OF MIDDLE EAST & AFRICA
11.6 SOUTH AMERICA
11.6.1 BRAZIL
11.6.1.1 Growing construction sector to drive market
11.6.2 ARGENTINA
11.6.2.1 Increased investments in infrastructure projects to drive market
11.6.3 REST OF SOUTH AMERICA
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
12.3 REVENUE ANALYSIS
12.4 MARKET SHARE ANALYSIS
12.5 COMPANY VALUATION AND FINANCIAL METRICS
12.6 BRAND/PRODUCTION COMPARISON
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.7.1 STARS
12.7.2 EMERGING LEADERS
12.7.3 PERVASIVE PLAYERS
12.7.4 PARTICIPANTS
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
12.7.5.1 Company footprint
12.7.5.2 Grade footprint
12.7.5.3 Distribution channel footprint
12.7.5.4 Feedstock footprint
12.7.5.5 Application footprint
12.7.5.6 End-use industry footprint
12.7.5.7 Region footprint
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
12.8.1 PROGRESSIVE COMPANIES
12.8.2 RESPONSIVE COMPANIES
12.8.3 DYNAMIC COMPANIES
12.8.4 STARTING BLOCKS
12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
12.8.5.1 Detailed list of key start-ups/SMEs
12.8.5.2 Competitive benchmarking of key startups/SMEs
12.9 COMPETITIVE SCENARIO
12.9.1 PRODUCT DEVELOPMENTS
12.9.2 DEALS
12.9.3 EXPANSIONS
13 COMPANY PROFILES
13.1 KEY PLAYERS
13.1.1 BASF
13.1.1.1 Business overview
13.1.1.2 Products offered
13.1.1.3 Recent developments
13.1.1.3.1 Deals
13.1.1.4 MnM view
13.1.1.4.1 Key strengths
13.1.1.4.2 Strategic choices
13.1.1.4.3 Weaknesses and competitive threats
13.1.2 MITSUBISHI CHEMICAL GROUP CORPORATION
13.1.2.1 Business overview
13.1.2.2 Products offered
13.1.2.3 Recent developments
13.1.2.3.1 Deals
13.1.2.3.2 Expansions
13.1.2.4 MnM view
13.1.2.4.1 Key strengths
13.1.2.4.2 Strategic choices
13.1.2.4.3 Weaknesses and competitive threats
13.1.3 THE DOW CHEMICAL COMPANY
13.1.3.1 Business overview
13.1.3.2 Products offered
13.1.3.3 Recent developments
13.1.3.3.1 Product developments
13.1.3.3.2 Deals
13.1.3.4 MnM view
13.1.3.4.1 Key strengths
13.1.3.4.2 Strategic choices
13.1.3.4.3 Weaknesses and competitive threats
13.1.4 KH NEOCHEM CO., LTD.
13.1.4.1 Business overview
13.1.4.2 Products offered
13.1.4.3 MnM view
13.1.4.3.1 Key strengths
13.1.4.3.2 Strategic choices
13.1.4.3.3 Weaknesses and competitive threats
13.1.5 EASTMAN CHEMICAL COMPANY
13.1.5.1 Business overview
13.1.5.2 Products offered
13.1.5.3 Recent developments
13.1.5.3.1 Deals
13.1.5.4 MnM view
13.1.5.4.1 Key strengths
13.1.5.4.2 Strategic choices
13.1.5.4.3 Weaknesses and competitive threats
13.1.6 SASOL LIMITED
13.1.6.1 Business overview
13.1.6.2 Products offered
13.1.6.3 MnM view
13.1.7 OQ CHEMICALS GMBH
13.1.7.1 Business overview
13.1.7.2 Products offered
13.1.7.3 MnM view
13.1.8 PETROCHINA COMPANY LIMITED
13.1.8.1 Business overview
13.1.8.2 Products offered
13.1.8.3 MnM view
13.1.9 SABIC
13.1.9.1 Business overview
13.1.9.2 Products offered
13.1.9.3 Recent developments
13.1.9.3.1 Deals
13.1.9.4 MnM view
13.1.10 PETRONAS CHEMICALS GROUP BERHAD
13.1.10.1 Business overview
13.1.10.2 Products offered
13.1.10.3 Recent developments
13.1.10.3.1 Deals
13.1.10.4 MnM view
13.2 OTHER PLAYERS
13.2.1 NACALAI TESQUE, INC.
13.2.2 TOKYO CHEMICAL INDUSTRY CO., LTD.
13.2.3 CENTRAL DRUG HOUSE
13.2.4 THE CHEMICAL COMPANY
13.2.5 WANHUA
13.2.6 GREEN BIOLOGICS LTD
13.2.7 KR CHEMICALS
13.2.8 INEOS OXIDE
13.2.9 GRUPA AZOTY
13.2.10 ANHUI SHUGUANG CHEMICAL GROUP
13.2.11 THE ANDHRA PETROCHEMICALS LIMITED
13.2.12 TEXMARK CHEMICALS, INC.
13.2.13 NEUCHEM
13.2.14 SHRINE CHEMICALS
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
