Persistence Market Research
Butyl alcohol is straight chain alcohol with four carbons, having molecular formulae – (C4 H10O)-. It is colorless and flammable liquid with a strong and sweet odor. The raw materials for the production of butyl alcohol are syngas and propylene, produced through petrochemical processes. The other names for butyl alcohol are butanol, n-butanol. The notable properties of butyl alcohol include better melting and boiling point, better viscosity, better potential as a fuel and soluble in solvents & insoluble in water. The primary applications of butyl alcohol are they act as an intermediate in the synthesis of flavoring substance, accelerating agent in rubber synthesis, and dewaxing agent for organic dyes & inks. Butyl alcohol is known to possess improved properties vis-à-vis other product types, which helps them gain preferential applications in various end-use industries, such as coatings, automotive, construction, agriculture, pharmaceutical, and textile. Besides, butyl alcohol has superior property with very low level of impurities.
Global Butyl Alcohol Market: Dynamics
The global demand for butyl alcohol from the agricultural and coating sector is expected to surge in next few years, owing to the penetration in high-value resins, especially solvents. With the increasing demand for the environmentally friendly, low VOC water-based paints, coatings, inks and adhesives are factors expected to surge the growth of the butyl alcohol market throughout the forecast period. The market for the plastic and polymer is growing as the use of plastic bags, synthetic rubber, and brake fluids has increased, which consequently is expected to contribute to the growth of the global butyl alcohol market.
The increasing demand for efficient fuel, rapid-acting intermediates as extractants in pharmaceuticals and artificial food, introduction of innovative food manufacturing facilities, and aging population are the key factors expected to drive the growth of the butyl alcohol market. The financial instability and regulatory norms are factors expected to restrain the growth of the global butyl alcohol market over the forecast period.
Global Butyl Alcohol Market: Segmentation
The global butyl alcohol market is segmented on the basis of application, product type, end users and regions.
On the basis of product type, the global butyl alcohol market is segmented as:
On the basis of application, the global butyl alcohol market is segmented as:
On the basis of End-use industry, the global butyl alcohol market is segmented as:
Global Butyl Alcohol Market: Regional Outlook
The global butyl alcohol market can be segmented into seven key regions, namely North America, Eastern Europe, Asia Pacific, Western Europe, Japan, Latin America, and Middle East & Africa. Increasing urbanization and industrialization is expected to boost the demand for butyl alcohol in Asia Pacific. China is expected to be the major consumer of butyl alcohol owing to increase in the number of production facilities in the country. Moreover, butyl alcohol is been benefited from major economies, such as North America and Europe. The construction industry has witnessed significant growth in Europe, owing to which the demand for butyl alcohol is expected to increase in the region. Besides, the growth of butyl alcohol is expected to increase in North America due to the growth of the automotive sector.
Global Butyl Alcohol Market: Key Players
Examples of some of the key participants identified across the value chain of the global butyl alcohol market are:
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.