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Global Butanal Market Analysis & Forecast to 2023 - Applications for Neopentyl Glycol Has Been Growing With the Highest Rate of About 6.33% Per Year - ResearchAndMarkets.com

November 26, 2018

DUBLIN--(BUSINESS WIRE)--Nov 26, 2018--The “The Global Butanal Market” report has been added to ResearchAndMarkets.com’s offering.

According to a recently conducted research about the global butanal market, as an overall, it is projected to reach approximately 11,219 thousand tons by the end of 2023, increasing at a CAGR of around 3% per year in the period 2017-2023.The report focuses on both product and regional breakdown, offering a larger perspective on the market dynamics. Since butanal is predominantly used as a raw material for the production of a wide range of chemicals, the analysis considers the application of butanal across various industries.In particular, the largest share of butanal consumption is for the production of 2-Ethylhexanol, which accounted for around 40% of the total in volume terms. Meanwhile, the chemical’s application for neopentyl glycol has been growing with the highest rate of about 6.33% per year.Regionally, the largest global butanal market was North East Asia, which accounted for about 50% of the total in volume terms. In comparison, South and Central America was the smallest global butanal market during the analyzed period and is expected to remain such in the medium term.The numerous applications of the downstream derivatives of butanal are the main reason for its increasing demand from various end-use industries. In fact, pharmaceutical and plastic industries are the leading contributors for the growing demand for butyraldehyde. Furthermore, butanal’s use as a pesticide and crop protection chemical has been also positively influencing the overall butyraldehyde market. However, its use as a pesticide poses health hazard and environmental threats, which may hinder the market growth over the next few years.In Europe and the USA, there are strict regulations regarding the manufacture, use, storage and transportation of butanal. As for the application segments, the trend in North America, Africa and Russia is opposite than the global one. In the USA, the n-butanol consumption segment is larger than the 2-EH segment.In addition, due to the broad applications of butanal such as the synthesis of diverse C4-C8 alcohols, carboxylic acids, esters, and amines, in combination with its high demand, the chemical is suitable to be produced from biomass.

Key Topics Covered

1. Introduction

2. Executive Summary

3. Characteristics of Butanal

4. State of the Global Demographics and Economy

5. Overview and Analysis of the Global Butanal Market

6. Overview and Analysis of the Global Production of Butanal

7. Characteristics and Analysis of the Global Prices of Butanal

8. Overview and Analysis of the Global Imports of Butanal

9. Overview and Analysis of the Global Exports of Butanal

10. Balance Between Supply and Demand on the Global Butanal Market

Companies Featured

OxochimieBASFOxeaGrupa Azoty Z.A.KedzierzynOltchimPerstorpShazand PetrochemicalAl BayroniSaudi Butanol CompanyBASF-YPCBeijing Dongfang PcCnooc & Shell PcDongming Dongfang ChemicalJiangsu Huachang ChemicalJiangsu Shanjun Clean EnergyLuxi Chemical GroupNanjing Chengzhi Clean EnergyPetrochina Daqing PcShandong Jianlan ChemicalShandong Lihuayi GroupSinopec Anqing Pc CoSinopec Qilu PcTianjin Soda PlantWanhua ChemicalLG ChemicalAndhra PcBharat Petroleum Corp.Petro-Oxo NusantaraBasf Petronas Chem.Petronas Chemicals DerivativesEastman ChemicalElekeirozSucromiles

For more information about this report visit https://www.researchandmarkets.com/research/mrvdnt/global_butanal?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181126005611/en/

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Related Topics:Chemicals

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/26/2018 12:37 PM/DISC: 11/26/2018 12:37 PM

http://www.businesswire.com/news/home/20181126005611/en

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