H1 2023: During the first three months of 2023, there was an upward trend in the prices of n-butylene in the Chinese market. The heightened purchasing activities observed in the downstream automotive industries played a significant role in influencing the pricing dynamics of Isobutylene within the Chinese market. Consequently, manufacturers found it necessary to adjust their pricing strategies to capitalize on the robust demand from downstream sectors. Moreover, the ample cost support from the feedstock contributed to an upward shift in the price realization of n-butylene in the local market. Concurrently, the expansion of manufacturing activities faced a slower pace in March 2023 in Asia. However, in April 2023. Initially, the prices were robust, experiencing an increase in the region. This uptrend was influenced by heightened production costs, driven by a surge in the prices of feedstock Ethylene. The surge in these upstream costs was a result of increased Crude Oil prices. In May, the price sentiments became mixed. North Asia witnessed a decline in product prices due to ample supplies, while prices rose in India, fueled by high demand for downstream Automotive sector. In June 2023, Towards the quarter's end, prices experienced a decline, attributed to reduced offtakes from the Chinese downstream sectors. Concurrently, a decrease in feedstock Ethylene prices, coupled with softened offtakes from end-users, diminished the upstream cost support on n-Butylene production costs.
The global n-Butylene market has reached around 490 thousand tonnes in 2022 and is expected to grow at a CAGR of around 3.12% during the forecast period until 2035.
n-Butylene is a hydrocarbon compound with a spectrum of industrial applications.. Furthermore, n-Butylene is a crucial ingredient in the production of butyl rubber, a synthetic rubber known for its excellent impermeability to gases. This rubber is widely utilized in the manufacturing of tire inner tubes, pharmaceutical stoppers, and other applications within the rubber industry. In the energy sector, n-Butylene functions as a valuable fuel additive, enhancing the octane rating of gasoline and improving combustion properties while reducing engine knocking. Its role extends to the chemical industry as a key chemical intermediate, contributing to the synthesis of a range of chemicals. Additionally, n-Butylene serves as a solvent in the formulation of coatings, adhesives, and sealants, showcasing its versatility in various manufacturing processes. It is also utilized as a lubricant additive to enhance the performance and viscosity characteristics of lubricating oils. As a chemical feedstock, n-Butylene is employed in the production of detergents, antioxidants, and plasticizers.
In the future, the global n-Butylene market is expected to increase in the forecast period applications as automotive, packaging, industrial etc. Dyes and paints, which are included in these segments, employ n-Butylene extensively as a solvent and a thinner in the paints and coatings industry. Due to rising demand from important end-use sectors including the automotive and transportation industries, the paints and coatings industry is expected to expand significantly and positively augment the n-Butylene market. Due to these reasons, the global demand of n-Butylene is anticipated to reach around 670 thousand tonnes by 2035.
Currently, the Asia Pacific region dominates the global n-Butylene market. The Asia-Pacific region is poised to dominate the n-Butylene market in the forecast period, driven by robust industrial growth and a burgeoning chemical sector. Countries like China and India are witnessing a surge in manufacturing activities, bolstering the demand for n-Butylene as a crucial raw material. The region's chemical and polymer industries are expanding to meet the demands of a growing population, further fueling the need for n-Butylene in polymer production. With a strong focus on plastics, synthetic rubbers, and fuel additives, the automotive, packaging, and construction sectors contribute significantly to the rising demand for n-Butylene. The Asia-Pacific region's strategic investments in petrochemical infrastructure and refining capacities position it as a key hub for n-Butylene production, ensuring a dominant market presence and potential export opportunities.
Based on the end-user industry, the n-Butylene market is segmented into sectors like Automotive, Packaging, Industrial, and Others. However, Automotive is the biggest end-use application of n-Butylene, holding a share of approximately 44% in 2022. The second notable share is held by packaging industry.
Significant companies in the Global n-Butylene market are BASF SE, Exxon Mobil Corporation, Chevron Phillips Chemical Company, LyondellBasell Industries, and others.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2035
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The objective of the Study:
• To assess the demand-supply scenario of n-Butylene, which covers the production, demand, and supply of n-Butylene around the globe.
• To analyze and forecast the market size of n-Butylene.
• To classify and forecast the Global n-Butylene market based on end-use and regional distribution.
• To examine global competitive developments such as new capacity expansions, mergers & acquisitions, etc., of the n-Butylene market.
To extract data for the Global n-Butylene market, primary research surveys were conducted with n-Butylene 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 the Global n-Butylene market over the coming years.
ChemAnalyst calculated n-Butylene demand around the globe by analyzing the historical data and demand forecast, which was carried out considering the refining capacity to produce n-Butylene. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the 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-Butylene manufacturers and other stakeholders
• Organizations, forums, and alliances related to n-Butylene 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-Butylene manufacturers, customers, and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global n-Butylene 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
490 thousand tonnes
Market size Volume by 2035
670 thousand tonnes
Growth Rate
CAGR of 3.12% from 2023 to 2035
Base year
2022
Estimated Year
2023
Historic Data
2015 – 2021
Forecast period
2024 – 2035
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2035
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, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Automotive, Packaging, Industrial, 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-Butylene 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-Butylene.
3. Capacity By Location
To better understand the regional supply of n-Butylene 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-Butylene 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 (Solvent Industry, Pharmaceutical, Electronics, and Others) are creating a market and the forecast for the growth of the n-Butylene market.
7. Demand by Region
Analyzing the change in demand of n-Butylene 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-Butylene. 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-Butylene.
10. Company Share
Figure out what proportion of the market share of n-Butylene is currently held by leading players across the globe.
11. Manufacturing Process
Discover insights into the intricate manufacturing process of n-Butylene.
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into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the global market size of n-Butylene in terms of volume for 2022?
Ans:
The global market size of n-Butylene was approximately 490 thousand tonnes in 2022.
Q2.
What is the expected CAGR for the forecast period?
Ans:
n-Butylene market is expected to grow at a CAFR of around 3.12% during the forecast period.
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