Market Overview:
The global 1-Butanol market is expected to reach USD 2.5 billion by 2030, registering a CAGR of 5.8% during the forecast period 2018-2030. The growth in the market can be attributed to the increasing demand for 1-Butanol from various applications such as solvents, synthetic raw materials, extraction agent and others. Additionally, rising demand for biofuels is also anticipated to fuel the growth of the global 1-Butanol market over the forecast period. On basis of type, industrial grade segment accounted for majority share in terms of revenue in 2017 and is projected to maintain its dominance throughout the forecast period 2018-2030 owing to its widespread use across various industries such as pharmaceuticals & cosmetics and agrochemicals among others.
Product Definition:
1-Butanol is a colorless, flammable liquid with a slightly sweet taste. It is used as an industrial solvent and as a fuel additive.
Industrial Grade:
Industrial grade is a type of bisphenol that has applications in various end-use industries. It can be used as an intermediate in the production of polycarbonate, epoxy resins, and unsaturated polyester resin. Industrial grade is also used to produce acrylonitrile butadiene styrene (ABS) plastic by polymerization reaction of styrene and acrylonitrile.
Reagent Grade:
Reagent grade is a high purity form of the product that is used in various applications such as 1-butanol. It has 99.8% of purest form which makes it suitable for use in different chemical and biochemical processes. The demand for reagent grade butyl alcohol has increased over the past few years owing to its increasing application in laboratories, especially biotechnology labs on a global level.
Increasing R&D activities related to genomics, proteomics.
Application Insights:
The others segment dominated the global 1-butanol market in 2017, accounting for over 55% share of the overall revenue. The segment includes applications such as solvent, plasticizer, and lubricant. Increasing demand for these products from various industries including pharmaceuticals is expected to drive growth during the forecast period. However, due to high costs associated with their production and low yields they are not majorly used in industrial applications compared to other raw materials such as ethanol and propylene glycol which are cheaper alternatives.
1-Butanol can be used as a solvent in paints & coatings application owing to its low boiling point (56°C) which makes it suitable for use with thin layers of oil paint or alkyd paints that dry rapidly when exposed to sunlight thereby making them water resistant.
Regional Analysis:
North America emerged as the dominant regional market in 2017. The region is expected to maintain its position throughout the forecast period owing to increasing demand for solvent from various end-use industries, such as cosmetics and pharmaceuticals. In addition, growing environmental concerns have resulted in increased product demand for water purification applications across North America.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rapid industrialization and urbanization coupled with government initiatives favoring chemical manufacturing sectors across emerging economies including China, India and South Korea among others. These factors are also likely contribute toward higher product consumption in Asia Pacific during the forecast period. Moreover, rising disposable income levels will further augment regional market growth over the next eight years due to shifting consumer preference toward luxury goods along with other end-use markets such as food & beverage industry which uses 1-butanol based products extensively for processing purposes including food flavoring agents and preservatives among others).
Growth Factors:
- Increasing demand from end-use industries such as cosmetics, pharmaceuticals, and solvents
- Growing popularity of biofuels as a sustainable and environmentally friendly alternative to gasoline
- Rising investment in research and development for new applications of 1-butanol
- Technological advancements that improve the efficiency and production of 1-butanol
- Expansion in global trade due to growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
1-Butanol Market Research Report
By Type
Industrial Grade, Reagent Grade
By Application
Solvent, Synthetic raw materials, Extraction agent, Others
By Companies
BASF, DowDuPont, Oxea Group, Eastman Chemical Company, Formosa Plastic Group, Sasol Limited, Oxochimie, Kyowa Hakko, SABUCO, Perstorp Oxo, Mitsubishi Chemical, PETRONAS Chemicals Group, Optimal Chemicals, LG Chem, Elekeiroz, China Nation Petroleum, Sinopec Group, Yankuang Group, Bohai Chemical Industry Co.,Ltd, Wanhua, Huachang Chemical, Hualu-Hengsheng, Luxi Chemical, Lihuayi Group, Anqing Shuguang Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global 1-Butanol Market Report Segments:
The global 1-Butanol market is segmented on the basis of:
Types
Industrial Grade, Reagent Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Solvent, Synthetic raw materials, Extraction agent, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- DowDuPont
- Oxea Group
- Eastman Chemical Company
- Formosa Plastic Group
- Sasol Limited
- Oxochimie
- Kyowa Hakko
- SABUCO
- Perstorp Oxo
- Mitsubishi Chemical
- PETRONAS Chemicals Group
- Optimal Chemicals
- LG Chem
- Elekeiroz
- China Nation Petroleum
- Sinopec Group
- Yankuang Group
- Bohai Chemical Industry Co.,Ltd
- Wanhua
- Huachang Chemical
- Hualu-Hengsheng
- Luxi Chemical
- Lihuayi Group
- Anqing Shuguang Chemical
Highlights of The 1-Butanol Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade
- Reagent Grade
- By Application:
- Solvent
- Synthetic raw materials
- Extraction agent
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the 1-Butanol Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
1-Butanol is a type of alcohol. It is a clear, colorless liquid with a sweet odor. 1-Butanol is used in manufacturing products such as cleaning products and paint thinners.
Some of the major companies in the 1-butanol market are BASF, DowDuPont, Oxea Group, Eastman Chemical Company, Formosa Plastic Group, Sasol Limited, Oxochimie, Kyowa Hakko, SABUCO, Perstorp Oxo, Mitsubishi Chemical, PETRONAS Chemicals Group, Optimal Chemicals, LG Chem, Elekeiroz, China Nation Petroleum, Sinopec Group, Yankuang Group, Bohai Chemical Industry Co.,Ltd, Wanhua, Huachang Chemical, Hualu-Hengsheng, Luxi Chemical, Lihuayi Group, Anqing Shuguang Chemical.
The 1-butanol market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 1-Butanol Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 1-Butanol Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 1-Butanol Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the 1-Butanol Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global 1-Butanol Market Size & Forecast, 2018-2028
4.5.1 1-Butanol Market Size and Y-o-Y Growth
4.5.2 1-Butanol Market Absolute $ Opportunity
Chapter 5 Global 1-Butanol Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 1-Butanol Market Size Forecast by Type
5.2.1 Industrial Grade
5.2.2 Reagent Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 1-Butanol Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 1-Butanol Market Size Forecast by Applications
6.2.1 Solvent
6.2.2 Synthetic raw materials
6.2.3 Extraction agent
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 1-Butanol Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 1-Butanol Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America 1-Butanol Analysis and Forecast
9.1 Introduction
9.2 North America 1-Butanol Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America 1-Butanol Market Size Forecast by Type
9.6.1 Industrial Grade
9.6.2 Reagent Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America 1-Butanol Market Size Forecast by Applications
9.10.1 Solvent
9.10.2 Synthetic raw materials
9.10.3 Extraction agent
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe 1-Butanol Analysis and Forecast
10.1 Introduction
10.2 Europe 1-Butanol Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe 1-Butanol Market Size Forecast by Type
10.6.1 Industrial Grade
10.6.2 Reagent Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe 1-Butanol Market Size Forecast by Applications
10.10.1 Solvent
10.10.2 Synthetic raw materials
10.10.3 Extraction agent
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific 1-Butanol Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 1-Butanol Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific 1-Butanol Market Size Forecast by Type
11.6.1 Industrial Grade
11.6.2 Reagent Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific 1-Butanol Market Size Forecast by Applications
11.10.1 Solvent
11.10.2 Synthetic raw materials
11.10.3 Extraction agent
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America 1-Butanol Analysis and Forecast
12.1 Introduction
12.2 Latin America 1-Butanol Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America 1-Butanol Market Size Forecast by Type
12.6.1 Industrial Grade
12.6.2 Reagent Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America 1-Butanol Market Size Forecast by Applications
12.10.1 Solvent
12.10.2 Synthetic raw materials
12.10.3 Extraction agent
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) 1-Butanol Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 1-Butanol Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) 1-Butanol Market Size Forecast by Type
13.6.1 Industrial Grade
13.6.2 Reagent Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) 1-Butanol Market Size Forecast by Applications
13.10.1 Solvent
13.10.2 Synthetic raw materials
13.10.3 Extraction agent
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 1-Butanol Market: Competitive Dashboard
14.2 Global 1-Butanol Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 DowDuPont
14.3.3 Oxea Group
14.3.4 Eastman Chemical Company
14.3.5 Formosa Plastic Group
14.3.6 Sasol Limited
14.3.7 Oxochimie
14.3.8 Kyowa Hakko
14.3.9 SABUCO
14.3.10 Perstorp Oxo
14.3.11 Mitsubishi Chemical
14.3.12 PETRONAS Chemicals Group
14.3.13 Optimal Chemicals
14.3.14 LG Chem
14.3.15 Elekeiroz
14.3.16 China Nation Petroleum
14.3.17 Sinopec Group
14.3.18 Yankuang Group
14.3.19 Bohai Chemical Industry Co.,Ltd
14.3.20 Wanhua
14.3.21 Huachang Chemical
14.3.22 Hualu-Hengsheng
14.3.23 Luxi Chemical
14.3.24 Lihuayi Group
14.3.25 Anqing Shuguang Chemical
