Leading Players are BASF SE (Germany), The DOW Chemical Company (U.S.), OXEA GmbH (Germany), Sasol Ltd (South Africa), Formosa Plastics Corp (Taiwan), KH Neochem Co Ltd (Japan), BASF-PETRONAS Chemicals Sdn. Bhd. (Malaysia).
(PRWEB) September 01, 2013
The report "N-Butanol Market By Applications (Butyl Acrylate, Butyl Acetate, Glycol Ethers, and Others) & Geography-Global Trends & Forecasts to 2018" defines and segments the global n-butanol market with analysis and forecasting of the global demand and revenue for N-Butanol.
Browse 70 Market Data Tables with 34 Figures spread through 223 Pages and in-depth TOC on N-Butanol Market by Applications (Butyl Acrylate, Butyl Acetate, Glycol Ethers, and Others) & Geography-Global Trends & Forecasts to 2018. Download a free sample report for N-Butanol Market.
Early buyers will receive 10% customization on this report.
N-butanol is an oxo alcohol which is majorly derived from propylene and syngas by oxo process. It is widely employed as a feedstock for the manufacturing of various chemicals including butyl acrylate, butyl acetate, glycol ethers, and plasticizers. It is also used as a direct solvent for paints, coatings, varnishes, resins, dyes, etc. The growth in these segments drives the demand of n-butanol globally. Among various application segments of n-butanol, butyl acrylate industry is the major consumer of n-butanol and the high growth in demand of n-butanol in near future is expected to be driven by this industry segment. Direct solvent application is another rapidly growing segment in various developing countries.
Asia-Pacific - The Biggest Market of N-Butanol
Asia-Pacific, the biggest consumer of N-Butanol, consumed almost half of its global share in 2012. N-Butanol market in Asia-Pacific is majorly driven by high demand in China which consumed around 35% of the global N-Butanol production in 2012.
Increased use of automotive paints and water-based coatings is driving the butyl acrylate market in China, which in turn is driving the demand of N-Butanol. The region is a net importer of N-Butanol. Hence, the market dynamics, in terms of revenue, are dependent on the N-Butanol exporting regions.
Europe - A Mature Market of N-Butanol
European market is mature and is expected to grow at lowest CAGR among all the regions. Various market players of N-Butanol are shifting their focus from Europe to Asia-Pacific as there is a wide demand-production gap in the Asia-Pacific region. North American market is moving towards maturity and the region is trying to increase its export market, mainly in the Asia-Pacific.
ROW to Witness Highest Growth
Demand for N-Butanol in ROW is expected to grow at the highest CAGR of 9.0% from 2013 to 2018, mainly driven by high investments in Saudi Arabia on butyl acrylate, butyl acetate, and glycol ethers manufacturing facilities. Government of Saudi Arabia has successfully designed its policies to attract various chemical giants in the country. Also, strategic location of the country and easy availability of raw materials for petrochemicals are other factors which attract companies to establish their manufacturing units in the country.
Browse related reports:
Acrylic Acid & Its Derivatives Market - By Derivative Types (Esters/Acrylates - Methyl, Ethyl, Butyl, 2-EH; Polymers - Elastomers, SAP, Water Treatment Polymers; Other Derivatives), Applications & Geography - Global Trends & Forecast to 2018
Green Solvents & Bio Solvents Market By Types (Esters, Alcohols, Glycols & Other Diols, D - Limonene, Methyl Soyate) & By Applications (Industrial & Domestic Cleaners, Paints & Coatings, Printing Inks & Others) - Global Trends & Forecasts To 2018
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including agriculture, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog at http://www.marketsandmarketsblog.com/market-reports/chemical.
Connect with us on LinkedIn at http://www.linkedin.com/company/marketsandmarkets.