DUBLIN--(BUSINESS WIRE)--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 market growth is fueled by the increasing demand for n-Butanol as a solvent and intermediate from end-use industries, such as construction, automotive, textile, agrochemical, and pharmaceuticals. Increasing population, growing urbanization, rising GDP, improving standards of living, and the increasing number of agreements, joint ventures, expansions, and other development activities by leading market players have also contributed to the growth of the global n-Butanol market.
On the other hand, low economies of scale for small capacity plants and volatility in raw material prices pose a challenge to the market growth. Propylene and syngas are the primary raw materials used for manufacturing n-Butanol. As a fossil fuel-derived raw material, propylene is subjected to frequent price changes as per market conditions.
Similarly, syngas is also derived from hydrocarbon base, which is facing volatility in prices. Therefore, continued price fluctuations in global petroleum products hamper the n-Butanol market as well. However, the increasing use of n-Butanol as a bio-fuel and growing automotive and textile industries are expected to create enormous opportunities for the n-Butanol manufacturers during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 n-Butanol Market, By Application
7 n-Butanol Market, By Region
8 Competitive Landscape
9 Company Profiles
- Andhra Petrochemicals
- Azoty Zak Spka Akcyjna
- BASF Petronas Chemicals
- BASF SE
- Cobalt Technologies
- Green Biologics
- KH Neochem
- Mitsubishi Chemical Corporation
- The Dow Chemical Company
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