N-Butanol Market to Reach Valuation of USD 4.41 Billion by 2030 – Burgeoning Construction and Automotive Industries Predicted to Drive the Market Growth

The market will be positively influenced by N-Butanol's versatility as an organic solvent, among other things. The chemical is highly compatible with many resin formulations and many strains of the bacteria Clostridium are successfully able to produce N-Butanol in large quantities. This makes the installation of bioprocess plants a lucrative business opportunity. The biosynthesis of N-Butanol provide the favorable conditions for the growth of the N-Butanol market in the future, as regulations are put into place regarding the use of fossil fuel-based manufacturing, and utilization of non-renewable resources is slowly discarded out of practice.

Key Highlights from the Report

1. Among Technology, the heavy investment in research and development through publicly funded projects as well as government initiatives has opened up new possibilities for the N-Butanol market. So far, key players like Green Biologics and Eastman Chemical Company have come up with innovative uses of industrial waste from food and beverages as substrates for the biosynthesis of green butanol. Materials like lignocellulose from the paper industry are also being used for the same.
2. By Application, the Glycol Ethers segment accounted for the largest share of the global N-Butanol market in 2022 and is expected to continue dominating the market during the forecast period. Glycol Ether is an excellent solvent and finds application in the manufacture of icing inhibitors, textile dyes, and a variety of agricultural products like herbicides and pesticides.
3. In terms of Region, Asia Pacific accounted for the largest revenue share of the global N-Butanol market and is expected to continue this trend during the forecast period. Due to rapid industrialization in countries like India and China, N-Butanol has been in high demand in this region. Key market players are also concentrating their presence and efforts in this region and the ever-growing need for transport facilities to fulfill supply chain demands is predicted to be the reason behind this trend.

Market Dynamics

N-Butanol Market growth is expected to be fueled by the expanding Construction and Building industry which in turn has been driven by the swelling global population as well as an increase in customer purchasing power. As the amount of disposable income available for the public has increased, consumers are investing in personal transportation facilities to enable comfort and ease of travel. Regions of Asia-Pacific such as India, China, and the Philippines have recorded a steep rise in industrialization and upscaling of plants to keep up with today’s commercial demands. N-Butanol is a chemical that finds applications in almost every step of the manufacturing process in a varied range of categories. N-Butanol is an organic solvent with excellent miscibility and mild odor, it can be used as coating material, as liquid fuel, in fertilizers, and for cosmetic purposes as well. All these applications make N-Butanol highly desirable. However, {keyword}} is a petrochemical and is made up of hydrocarbons which are acquired through non-renewable fossil fuels. The main components needed to produce {keyword}} are syngas and propylene. Fluctuating costs of raw materials and the use of crude oils in {keyword}} production may hamper market growth as the world looks for sustainable ways of consumption.

The Asia Pacific {keyword}} Market is expected to witness a noteworthy development with a significant growth rate over the forecast period. This can be attributed to the availability of value-added goods like marine coatings and paints with waterproof, growth-repellant abilities. An increased number of research and development products to find innovative ways of carrying out biosynthesis of {keyword}} are also responsible for the growth witnessed by this market. The area businesses are introducing products that meet consumer demands.

The Global N-Butanol Market is Segmented as follows

• Application
  • Butyl Acrylate
  • Butyl Acetate
  • Glycol Ethers
  • Direct Solvent
  • Plasticizers
  • Other Applications
• Commercial Manufacturing Process
  • Hydroformylation Reaction of Propene
  • Biosynthesis Using Clostridium Acetobutylicum
• End-User Industry
  • Varnishes
  • Paints
  • Coatings
  • Resins
  • Camphor
  • Dyes
  • Fats Vegetable Oils
  • Waxes
  • Shellac
  • Rubbers
  • Alkaloids
  • Other Industries
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players in the Global N-Butanol Market is

Green Biologics Inc. (U.S.), Eastman Renewable Materials LLC (U.S.), The Dow Chemical Company (U.S.), BASF SE (Germany), Mitsubishi Chemical Corporation (Japan), BASF Petronas Chemicals (Malaysia), Sinopec (China), KH Neochem (Japan), Oxochimie (France), Andhra Petrochemicals (India), Cobalt Technologies (U.S.), Green Biologics (UK), China National Petroleum Corporation (CNPC) (China), Formosa Plastics Corp (Taiwan), INEOS Oxide Ltd (UK), Perstorp Holding AB (Sweden), Saudi Kayan Petrochemical Company (Saudi Arabia)

The Global N-Butanol Market Scope can be Tabulated as below