N-Butanol Market Introduction and Overview
According to SPER Market Research, the Global n-Butanol Market is estimated to reach USD 10.11 billion by 2034 with a CAGR of 6.16%.
The report includes an in-depth analysis of the Global n-Butanol Market, including market size and trends, product mix, Applications, and supplier analysis. N-Butanol is a multipurpose solvent that finds application in the plastics, coatings, and pharmaceutical sectors. Growing demand for paints and coatings, as well as a raw material for the production of butyl acrylates, plasticizers, and solvents, is propelling the market's expansion. The market is further stimulated by the growing demand for fuels and additives in the automotive industry. The price instability of raw materials, environmental issues with its manufacturing method, and shifting worldwide demand as a result of economic considerations are obstacles, though. Regulations pertaining to environmental sustainability and the drive for bio-based substitutes also have an impact on the industry.
By Grade Insights: N-Butanol is classified into two categories: Industrial Grade, Commercial Grade. The Industrial Segment is Dominated Due to its extensive use in a variety of sectors, the industrial segment is expected to hold the greatest share of the n-Butanol market during the forecast period. The need for n-Butanol as a solvent and chemical intermediary in the production of plastic, adhesives, and coatings would allow this market to grow. In addition to being in line with the global adoption of greener production methods, the industrial segment's growth benefits from the adoption trend.
By Feedstock Insights: The market for n-Butanol is segmented based on Feedstock, including Sugarcane, Corn, Cellulosic Biomass and Natural Gas. Sugarcane has the most market share among these since it is widely available and reasonably priced. Significant N Butanol Market revenue came from the sugarcane segment. Another important feedstock is corn, especially in North America, because of its high starch content and advantageous government regulations that encourage the manufacture of biofuel. Because of its abundance and minimal environmental impact, cellulosic biomass is becoming more and more popular as a sustainable feedstock. A lesser portion of the market is contributed by natural gas and other feedstock, including coal and petroleum-based feedstock.
By Application Insights: The market for n-Butanol is segmented based on applications, including Butyl Acrylate, Butyl Acetate, butyl carboxylates, Glycol Ethers, Direct Solvent and Plasticizers. The growing use of butyl carboxylates in adhesives, coatings, and engineering plastics has caused this segment to dominate the global market. Other uses for butyl carboxylates are in textiles, chemicals, and polymers. This segment's growth is further supported by expanding use in the automobile industry, growing application in the building and construction sector, and increased development of public infrastructure.
By End User Insights: The market for n-Butanol is divided into many end users, including Paints and Coatings, Chemical Manufacturing, Automotive, Construction, Textiles, Printing Inks, Pharmaceuticals.
The Construction segment is dominate Because of the wide range of coatings, paints, adhesives, and varnishes, the product is utilized in the construction industry. Public infrastructure development and the expansion of the construction industry, particularly in emerging economies, fuel this segment's growth. The growing population, increased industrialization, and rising consumer expenditure all have an impact on this market.
By Regional Insights: The Asia Pacific area is expected to account for the majority of n-butanol growth throughout the projection period, driven by strong increases in demand in a variety of industries. Industrialization and urbanization in this region have accelerated in nations such as China and Japan, increasing n-butanol consumption through paints, coatings, and adhesives.
Market Competitive Landscape:
There are many of well-established companies and developing competitors fighting for market share in the dynamic and competitive worldwide n-Butanol market. These players are putting strategic strategies including partnerships, mergers, acquisitions, and political backing into action in an effort to increase their visibility. Some of the key market players are BASF SE, Eastman Chemical Company, Mitsubishi Chemical Corporation, Green Biologics Limited, Formosa Plastics Corporation, Lihuayi Weiyuan Chemical Co., Ltd, OQ Chemicals, OXEA Corporation, Perstorp Oxo AB.
Recent Developments:
- In August 2024, In order to strengthen their partnership by providing 2-Ethylhexanol and n-Butanol, BASF and UPC Technology Corporation signed a Memorandum of Understanding (MoU). With a focus on carbon-emission-reducing sustainable production methods, this agreement should help UPC's growing South Chinese markets.
- In May 2023, In Oberhausen, Germany, OQ Chemicals opened a new esters pilot plant. This state-of-the-art testing laboratory allows the company to generate tiny quantities of esters according to client specifications for testing.
- In December 2023, Brenntag, a distributor of chemicals and ingredients, said that it has agreed to buy Solventis Group, a distributor of glycols and solvents with offices in Antwerp, Belgium, and the United Kingdom.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Grade, By Feedstock, By Application, By End User. |
| Regions covere | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | BASF SE, Eastman Chemical Company, Mitsubishi Chemical Corporation, Green Biologics Limited, Formosa Plastics Corporation, Lihuayi Weiyuan Chemical Co., Ltd, OQ Chemicals, OXEA Corporation, Perstorp Oxo AB. |
Key Topics Covered in the Report:
- Global n-Butanol Market Size (FY’2021-FY’2034)
- Overview of Global n-Butanol Market
- Segmentation of Global n-Butanol Market By Grade (Industrial Grade, Commercial Grade)
- Segmentation of Global n-Butanol Market By Feedstock (Sugarcane, Corn, Cellulosic Biomass, Natural Gas)
- Segmentation of Global n-Butanol Market By Application (Butyl Acrylate, Butyl Acetate, Glycol Ethers, Direct Solvent, Plasticizers)
- Segmentation of Global n-Butanol Market By End User (Paints and Coatings, Chemical Manufacturing, Automotive, Construction, Textiles, Printing Inks, Pharmaceuticals)
- Statistical Snap of Global n-Butanol Market
- Expansion Analysis of Global n-Butanol Market
- Problems and Obstacles in Global n-Butanol Market
- Competitive Landscape in the Global n-Butanol Market
- Details on Current Investment in Global n-Butanol Market
- Competitive Analysis of Global n-Butanol Market
- Prominent Players in the Global n-Butanol Market
- SWOT Analysis of Global n-Butanol Market
- Global n-Butanol Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst