Dublin, May 11, 2018 (GLOBE NEWSWIRE) — The “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 has been added to ResearchAndMarkets.com’s offering.
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.
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.
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.
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.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
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
5.2 Market Dynamics
188.8.131.52 Increasing Use of Butyl Acrylate
184.108.40.206 Growing Construction Industry in Emerging Economies
220.127.116.11 Volatility in Raw Material Prices and Scarcity in Near Future
18.104.22.168 Decreasing Consumption of Dop (Bis (2-Ethylhexyl) Phthalate) in Europe and North America
22.214.171.124 Increasing Use of n-Butanol as Bio-Fuel
126.96.36.199 Growing Automotive and Textile Industries
188.8.131.52 Low Economy of Scale for Small Capacity Plants
5.3 Porter’s Five Forces Analysis
5.4 Macroeconomic Indicators
5.5 Construction Industry
6 n-Butanol Market, By Application
6.2 Butyl Acrylate
6.3 Butyl Acetate
6.4 Glycol Ethers
6.5 Direct Solvent
7 n-Butanol Market, By Region
8 Competitive Landscape
8.2 Competitive Scenario
8.3 Market Ranking Analysis
9 Company Profiles
9.1 BASF SE
9.2 The Dow Chemical Company
9.7 Mitsubishi Chemical Corporation
9.8 BASF Petronas Chemicals
9.10 KH Neochem
9.11 Other Key Players
9.11.2 Andhra Petrochemicals
9.11.3 Azoty Zak Spka Akcyjna
9.11.4 Cobalt Technologies
9.11.5 Green Biologics
For more information about this report visit https://www.researchandmarkets.com/research/bxrg49/nbutanol_market?w=12
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