Global n-Butanol Market Opportunity Outlook to 2022: Increasing Use of n-Butanol as Bio-Fuel / Growing Automotive and Textile Industries - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 6, 2018--The “n-Butanol Market by Application (Butyl Acrylate, Butyl Acetate, Glycol Ethers, Direct Solvents, Plasticizers), and Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2022” report has been added to ResearchAndMarkets.com’s offering.
The n-Butanol market is estimated at USD 4.18 Billion in 2017 and is projected to reach USD 5.58 Billion by 2022, at a CAGR of 5.9% between 2017 and 2022.
The growth of the market is driven by the increasing demand for n-Butanol as a direct solvent and industrial intermediate in industries such as construction, automotive, textile, agrochemical, etc. In addition, increasing GDP, growing industrialization, and rapid urbanization in developing countries have also contributed to the demand for n-Butanol, globally.
Butyl acrylate is projected to be the largest application segment of the n-Butanol market during the forecast period, in terms of both value and volume. As butyl acrylate enhances the flexibility, softness, and durability of coating resins, it is largely used in surface coatings, textiles, adhesives, inks, and several other applications. Butyl acrylate is also used to make homopolymers and copolymers for use in water-based industrial and architectural paints.
DriversIncreasing Use of Butyl Acrylate Growing Construction Industry in Emerging Economies
RestraintsVolatility in Raw Material Prices and Scarcity in Near Future Decreasing Consumption of Dop (Bis (2-Ethylhexyl) Phthalate) in Europe and North America
OpportunitiesIncreasing Use of n-Butanol as Bio-Fuel Growing Automotive and Textile Industries
ChallengesLow Economy of Scale for Small Capacity Plants
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 n-Butanol Market, By Application
7 n-Butanol Market, By Region
8 Competitive Landscape
9 Company ProfilesAndhra Petrochemicals Azoty Zak Spka Akcyjna BASF Petronas Chemicals BASF SE Cobalt Technologies Eastman Green Biologics KH Neochem Mitsubishi Chemical Corporation Oxea Oxochimie Petrochina Sasol Sinopec The Dow Chemical Company
For more information about this report visit https://www.researchandmarkets.com/research/qc9mgb/global_nbutanol?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180706005335/en/
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Related Topics:Solvents ,Fuel Additives
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 07/06/2018 12:19 PM/DISC: 07/06/2018 12:19 PM