H1 2023: The prominent players in the Iso Butanol market in H1 2023 were Gevo Inc. and China Petroleum & Chemical Corporation. Asia Pacific consumed the most isobutanol globally in H1 2023. The Asian countries, Iso Butanol consumption was an upswing in the first four months of 2023. The Asia Pacific region's demand for isobutanol surged as a result of the product's high demand from the downstream Paint and Coating sectors. The demand for iso-butanol remained robust due to improvements in trading fundamentals. As there were enough stockpiles, the prices started to fall gradually towards the end of March 2023. In April, China saw a significant increase in demand from the downstream Paint and coating industry and as an effect, isobutanol prices shot up in the Chinese market. Due to rising feedstock propylene prices and a constrained export market, major isobutanol producers in China struggled to meet consumer demand. There were high prices of feedstock propylene, due to restricted trade activity in the Chinese market. Prices for isobutanol in China decreased around the end of May 2023 and stayed low till the end of June 2023. Meanwhile, supplies were still plentiful enough to meet the low demand in these months in the Chinese market.
The Asia Pacific Iso Butanol market reached approximately 180 thousand tonnes in 2022 and is expected to grow at a CAGR of 5.22% during the forecast period until 2032. The IOCL new greenfield project is anticipated to be operational by November 2023 (FY 2024) in order to meet the increasing demand for iso butanol. Iso-butanol will be created as a byproduct of the manufacturing of n-butanol, and the product is meant for sale.
Many different chemical processes and businesses employ iso butanol as a chemical intermediates. It is frequently employed in the production of isobutyl acetate, isobutyl methacrylate, and other substances. Iso Butanol is used in chemical reactions as a feedstock and as a solvent. Although it has a limited miscibility in water, it dissolves readily in a variety of common solvents, including aldehydes, ether, gycols, alcohols, ketones, and alcohols. Additionally, isobutanol serves as an extractant, additive, humectant, dehydrating agent, and starting material, among other functions. Plastics, rubbers, and other dispersions are produced using plasticizer agents that contain isobutyl esters, such as diisobutyl phthalate (DIBP). Polishers, cleaners and petrol additives for spark-ignition engines to help prevent carburetor ice are some further applications. It is used as a mobile phase in thin layer chromatography and as a chemical extractant in the production of organic compounds. In addition, it is used as an extraction solvent in the production of medications, as an ingredient in anti-icing mixtures, and as an additive to prevent corrosion.
The Solvent & Coatings sector is anticipated to dominate the iso butanol market during the forecast period. In coatings and solvents used in the building and construction sectors, iso butanol plays a significant role. Asia Pacific iso butanol market is likely to expand in future increasing demand for iso butanol to make paints and coatings that are further used in the automotive and construction industries. The Asia Pacific iso butanol market is also being driven by rising urbanisation and consumer spending. The development of the iso butanol market is projected to be aided by the large investments being made in building and construction projects by developing countries like India, including smart cities, business complexes, and residential structures. The increased demand for isobutanol in the production of chemical intermediates such isobutyl acetate and derivative esters is another reason that encourages market expansion. The Asia Pacific Iso Butanol market is expected to reach nearly 300 thousand tonnes by 2032.
Asia Pacific dominates the global Iso Butanol market. This region consumed nearly 45% of the market in 2022. This region is expected to maintain this position in the coming years as well. Based on region-wise consumption, the Asia Pacific Iso Butanol market is divided into China, South Korea, India, Japan, and Rest of APAC. Due to the region's steadily growing paints and coatings and chemical industries, it is projected that the isobutanol market in Asia-Pacific would grow quickly during the forecast period.
Based on the end-user industry, the Asia Pacific Iso Butanol market is segmented into Solvent & Coatings, Plasticizer, Chemical Intermediates, and Others. Although, Solvent & Coatings industry is dominating the Iso Butanol market and consumed nearly 50% of iso butanol in 2022. Another significant end-user of Iso Butanol market is the Plasticizer industry.
Major producers in the production of Asia Pacific Iso Butanol market are Gevo Inc., China Petroleum & Chemical Corporation, Anqing Shuguang Petrochemical Oxo, Andhra Petrochemicals Limited, Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited, Tianjin Bohai Chemical Industry Co, Limited, PT Petro Oxo Nusantara, and Dairen Chemical Corp.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Iso Butanol which covers production, demand and supply of Iso Butanol market in the globe.
• To analyse and forecast the market size of Iso Butanol
• To classify and forecast Asia Pacific Iso Butanol market based on end-use and regional distribution.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., of Iso Butanol market in the globe.
To extract data for Asia Pacific Iso Butanol market, primary research surveys were conducted with Iso Butanol manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Asia Pacific Iso Butanol market over the coming years.
ChemAnalyst calculated Iso Butanol demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production raw material to produce Iso Butanol. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Iso Butanol manufacturers and other stakeholders
• Organizations, forums and alliances related to Iso Butanol distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Iso Butanol manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Asia Pacific Iso Butanol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
180 thousand tonnes
Market size Volume by 2032
300 thousand tonnes
Growth Rate
CAGR of 5.22% from 2023 to 2032
Base year for estimation
2023
Historical Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2022 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Capacity by Technology, Production by Company, Demand by End-Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Solvent & Coatings, Plasticizer, Chemical Intermediates, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
China, South Korea, India, Japan, and Rest of APAC
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Member - Board of Directors
Osaka Gas Co. Ltd
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What is the expected Asia Pacific market size of Iso Butanol in terms of volume for 2032?
Ans:
The Asia Pacific market size of Iso Butanol is expected to reach approximately 300 thousand tonnes by 2032, and it is expected to further expand with a CAGR of 5.22%.
Q2.
What are the major end-use industries of Iso Butanol?
Ans:
Iso Butanol is used in various end use industries Solvent & Coatings, Plasticizer, and Chemical Intermediates.
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