The report “n-Butanol Market by Grade (Industrial, Pharmaceutical), Distribution Channel, Feedstock, Application (Butyl Carboxylate, Direct Solvents, Specialty Chemicals, Rubber & Plasticizers), End-Use Industry and Region – Global Forecast to 2029″, is projected to reach USD 7.50 billion by 2029, from USD 5.63 billion in 2024, at a CAGR of 5.9 % during the forecast period. The n-butanol market is driven by several factors, including technological advancements, shifting consumer behaviors, favorable economic conditions, expanding applications in various industries, and growing demand. The increasing use of n-butanol in various end-use industries, such as agriculture, building & construction, paints & coatings, marine, pharmaceutical, chemical, and personal care are a significant driver for market growth. The paints and coatings industry is the largest consumer of n-butanol due to the increasing demand of the construction sector. As the trend towards growth in building and construction grows, demand of n-butanol increases.
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• 156 Market data Tables
• 78 Figures
• 220 Pages and in-depth TOC on “n-Butanol Market – Global Forecast to 2029″
• 78 Figures
• 220 Pages and in-depth TOC on “n-Butanol Market – Global Forecast to 2029″
Some of the prominent key players are:
- BASF (Germany),
- Dow (US),
- SABIC (Saudi Arabia),
- Mitsubishi Chemical Group Corporation (Japan),
- Eastman Chemical Company (US),
- Sasol Limited (South Africa), and many more….
Opportunities: Emerging trends in bio-based n-butanol.
With the global push towards sustainability and carbon footprint reductions, there is an even greater need for innovation in natural products. For renewable chemicals, drivers for demand development in bio-based n-butanol in an eco-friendly alternative to petrochemical based n-butanol Bio-based n-butanol is generally made by fermentation of biomass such as sugars and agricultural wastes, which is a greener way compared to the traditional method done by an oxo process that relies on fossil fuels, such as propylene. Fermentation technology developments and this has increased the creation of bio-butanol on an industrial scale in a more commercially viable manner. Industries such as chemicals, coatings, and biofuels seek to adopt bio-based solutions to more closely align with the sustainability goals and regulations.
