H1 2023: The largest n-Butanol producers in H1 2023 were BASF SE, Green Biologics, Lihuayi Weiyuan Chemical Co., Ltd., and Eastman Chemical Company. However, BASF SE was the top producer of n-Butanol globally. Regionally, Asia Pacific was the leading consumer of n-Butanol in H1 2023. However, the price movements were fluctuating throughout H1 2023 in the Asia Pacific region. In the first three months of 2023, n-Butanol prices were heading towards south. Due to lack of downstream demand from the coatings and solvent industries, n-butanol prices were going down in these months. Also, low operation rates of the downstream end-user industries along with an oversupply of propylene feedstock resulted in the low prices of n-Butanol. Market participants had reduced inventories as the economic recovery slowed. However, n-Butanol prices increased in April 2023 in the Asia Pacific region. The rise in the prices was supported by the hike in the raw material prices in China. However, the prices sharply dropped in May 2023 in China due to the weak demand by the downstream industries such as the coating sector. In the US, n-butanol prices were mediocre till the end of February 2023 due to moderate demand of n-Butanol from the paint industry. Other reasons were high interest rates and rise in the inflation. However, in March 2023, n-butanol prices witnessed a rise as a result of high inflation in the US.
The global n-Butanol market has expanded to reach approximately 5200 thousand tonnes in 2022 and is expected to grow at a healthy CAGR of 4.70% during the forecast period until 2032.
n-Butanol is a colorless liquid with chemical formula C₄H₉OH. It is a versatile component that is widely used as a primary ingredient in various industries. On the industrial level, n-Butanol is produced by the oxo process. With the help of a catalyst (cobalt hydrocarbonyls), carbon monoxide and hydrogen are added to the carbon double bond of propylene in the liquid phase to produce n-butanol as the major product and isobutanol as the minor product. n-Butanol finds its applications in multiple industries due to its ease of solubility in common solvents including alcohols, ethers, glycols, and hydrocarbons. n-butanol is used as a solvent for paint, varnishes, resins, gums, vegetable oils, dyes, and alkaloids as well as natural and synthetic resins. This solvent is quite flammable in nature and has a flashpoint of about 35 °C and should be stored in drums in cool and dry place away from sunlight.
n-Butanol is in high demand as a solvent, coating, and chemical intermediary for butyl acetate, ethers, and other chemicals is fueling the growth of the n-Butanol market. The demand for n-Butanol for the synthesis of important chemicals like n-Butyl Acrylate which is further used in multiple industries like paints & coatings, lubricants, and varnishes is anticipated to drive the n-Butanol market. Owing to the rise in construction projects and infrastructure development across the globe, the demand of paints & coatings is anticipated to rise, which will most likely swell the n-butanol market in the forecast period. The global n-Butanol market is anticipated to reach 8200 thousand tonnes by 2032.
Based on region, Asia Pacific region dominates the n-Butanol market. As of 2022, this region consumed approximately 35% of the global n-Butanol. Owing to the rapidly growing countries like India, China, and Japan, there will be a rise in construction sector leading to new industrial projects, anticipated to project a huge demand for paints & coating for usage in building and other infrastructure, anticipated to increase the demand of n-Butanol in this region.
Based on the end-use, the global n-Butanol market is segregated into n-butyl acrylate, n butyl acetate, Direct Solvent, Plasticizer, and Others. However, the n-butyl acrylate industry is dominating the n-butanol market and accounted a market share of approximately 38% in 2022. n-butanol is also utilized to manufacture n-butyl acetate which is a transparent solvent with excellent solubility for cellulose nitrate, plastics, polymers, and hydrocarbons. It is employed in paint, ink, chemical, and leather industries. Another derivative of n-butanol, n-butyl acrylate is widely employed in coatings to provide stability at low-temperature and stability and also used in various industries like paints, textiles, paper, adhesives, inks, fiber, and rubber.
Major players in the production of Global n-Butanol are OQ Chemicals, The Dow Chemical Company, Sasol Limited, INEOS Group Limited, BASF SE, Formosa Plastics Corporation, PetroChina Company Limited, Yancon Cathay Coal Chemicals Co. Ltd., Shandong Haulu Hengsheng chemical, Luxi Chemical Group Co., Ltd., Lihuayi Weiyuan Chemical Co., Ltd., and Eastman Chemical Company.
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 n-Butanol which covers production, demand and supply of N-Butanol market in the globe.
• To analyse and forecast the market size of n-Butanol
• To classify and forecast Global n-Butanol market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of n-Butanol market in the globe.
To extract data for Global n-Butanol market, primary research surveys were conducted with n-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 Global n-Butanol market over the coming years.
ChemAnalyst calculated n-Butanol demand in the globe by analyzing the historical data and demand forecast which was carried out considering the demand of n-Butanol by the end-user industries across the globe. 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:
• n-Butanol manufacturers and other stakeholders
• Organizations, forums and alliances related to n-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 n-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, Global n-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
5200 thousand tonnes
Market size Volume by 2032
8200 thousand tonnes
Growth Rate
CAGR of 4.39% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process.
Segments covered
By End-Use: (n-butyl acrylate, n butyl acetate, Direct Solvent, Plasticizer, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of n-Butanol market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for n-Butanol.
3. Capacity By Location
To better understand the regional supply of n-Butanol by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of n-Butanol by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (n-butyl acrylate, n butyl acetate, Direct Solvent, Plasticizer, and Others) are creating a market and the forecast for the growth of the n-Butanol market.
7. Demand by Region
Analyzing the change in demand of N-Butanol in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell n-Butanol. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of n-Butanol.
10. Company Share
Figure out what proportion of the market share of n-Butanol is currently held by leading players across the globe.
11. Country-wise Export
Get details about quantity of n-Butanol exported by major countries.
12. Country-wise Import
Get details about quantity of n-Butanol imported by major countries.
13. Manufacturing Process
Discover insights into the intricate manufacturing process of n-Butanol.
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What is the expected global market size of n-Butanol in terms of volume for 2032?
Ans:
The global market size of n-Butanol is expected to grow to reach approximately 8200 thousand tonnes by 2032.
Q2.
Which region is dominating the Global N-Butanol market?
Ans:
The Asia Pacific region is dominating the n-Butanol market with a market share of 35% in 2022.
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