The global n-Butanol market has expanded to reach approximately 5000 thousand tonnes in 2021 and is expected to grow at a healthy CAGR of 5.51% during the forecast period until 2032. The global n-Butanol market is anticipated to reach 8200 thousand tonnes by 2032.
The global isobutanol market is divided on the basis of type, application, end use industry, and region. On the basis of the type, isobutanol market is bifurcated into bio-based and synthetic.
Global Acetone capacity is expected to experience moderate growth over the next five years from 8.99 mtpa in 2018 to 9.51 mtpa by 2023. Around four planned and announced Acetone plants are expected to come online, predominantly in Asia over the upcoming years. Haldia Petrochemicals, Saudi Arabian Oil Co, and Petroliam Nasional are the top three companies accounting for the planned and announced capacity additions during the outlook period.
The global 2-ethylhexanol market is expected to post a CAGR of over 5% during 2023.
A key factor driving the growth of the market is the increase in demand from developing countries. Developing economies such as China, Brazil, Mexico, India, Philippines, and Indonesia are driving the growth in the global 2-ethylhexanol market.
N-Butanol Market Research report gives granular insights into key market dynamics, revenue, market share, business strategies, latest trends and top growing companies .
Rise in automotive production, surge in isobutyl acetate, and surge in construction activities drive the global isobutanol market.
The rising demand from pharmaceutical sector is fueling the market growth of acetone. Its demand is expected to rise in the near future due to an increase in solvent demand from end user sectors such as Paints & coatings, agro-chemicals, pharmaceuticals, and others.
The global 2-ethylhexanol market (2-EH) is sole divided based on applications as plasticizers, 2-EH nitrate, 2-EH acrylate, and others. The plasticizers section is further segmented as non-phthalate and phthalate. Others section include multiple solvents.
The rising demand for n-butanol as a solvent is notably driving the n-butanol market growth, although factors such as volatile crude oil prices may impede the market growth.
Isobutanol is an organic compound that is primarily used for organic solvents either directly or as esters. It can be obtained by carbonylation of propylene in a laboratory or can be synthesized by using equally and other organisms.
