PUNE, India, October 14, 2015 /PRNewswire/ --
The report "N-Butanol Market by Application (Butyl Acrylate, Butyl Acetate, Glycol Ethers, Direct Solvent, Plasticizers) and by Region (North America, Asia-Pacific, Europe, RoW) - Global Trends & Forecasts to 2020", published by MarketsandMarkets, The global N-Butanol Market is expected to reach USD 9.9 Billion by 2020 at a CAGR of 5.1% in the forecast period.
Browse 114 market data Tables and 67 Figures spread through 154 Pages and in-depth TOC on "N-Butanol Market"
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The market report defines and segments the Global N-Butanol Market with an analysis and forecast of its global volume and value.
The report also defines driving and restraining factors for the global n-butanol market with the analysis of trends, opportunities, and challenges. Some of the drivers include impressive growth of the butyl acrylate industry, growing demand of n-butanol as direct solvent, and the growing construction industry in the Asia-Pacific region. Some opportunities that can change the dynamics of the n-butanol industry in the years to come include the demand supply-gap in China, rising investments in Saudi Arabia's oil & gas downstream sector, and increasing demand of biobased butanol. The market is forecast on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW) by both value and volume. The regional n-butanol market is further segmented on the basis of major countries and applications.
"Asia-Pacific: The Biggest Market of N-butanol"
The Asia-Pacific region was the world's largest market of n-butanol with a share of 51.3% in terms of volume in 2014. China was the key consumer of n-butanol in the Asia-Pacific region in 2014. It is also the biggest import market of n-butanol. Almost 15.0% demand was met by imports from other regions including Russia, Taiwan, Malaysia, the U.S., and Germany in 2014. Though various projects received approvals for the construction of n-butanol manufacturing facilities in China, some are already under construction; however, the production deficit is still expected to exist in the near future. It reflects a significant deficit in the production of n-butanol in China. The market players may take it as an opportunity to establish their plants within the country to serve the highly growing n-butanol market.
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"Direct solvent: The fastest-growing application; while butyl acrylate -the biggest n-butanol application"
Direct solvent is the fastest-growing n-butanol application. N-butanol is widely used as a direct solvent for paints, coatings, varnishes, resins, dyes, camphor, vegetable oils, fats, waxes, shellac, rubbers, and alkaloids. It is used in various coating applications such as lacquers and cross-linked baking finishes. N-butanol, as a solvent, improves brushability of paints and coats by reducing viscosity and prevents cobwebbing and blushing. The butyl acrylate application of n-butanol has a wide scope for its expansion, which in turn would help in increasing the consumption for n-butanol globally. Butyl acrylate was the biggest n-butanol application in 2014 and is projected to be worth USD 3.9 billion by 2020.
BASF SE (Germany), The Dow Chemical Company (U.S.), BASF-YPC Ltd. (China), OXO Corporation (U.S.), Sasol Ltd. (South Africa), Formosa Plastics Corporation (Taiwan), Eastman Chemical Company (U.S.), Oxichimie SAS (France), KH Neochem Co. Ltd. (Japan), and CNPC (China) are some of the major manufacturers of n-butanol globally.
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