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N-Butanol Market Size, Share, Growth Opportunities, and Forecast 2022-2029 | DataM Intelligence

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N-Butanol Market Size, Share, Growth Opportunities, and Forecast 2022-2029 | DataM Intelligence

August 10
03:48 2022
N-Butanol Market Size, Share, Growth Opportunities, and Forecast 2022-2029 | DataM Intelligence
DataM Intelligence
Global N-Butanol Market is expected to grow at a CAGR of 4.3% during the forecasting period (2022-2029).

Market Overview

N-Butanol is a necessary feedstock for grouping generating chemical substances which is probably used as a solvent in the advent of customer products. N-Butanol is used within the generating of the coating cloth of the metals which are used in totally unique software in many industries

The high demand for production enterprise in rising nations principal thing accelerating the increase of the n-butanol market. Furthermore, cognizance of laun High demand for production industry in emerging international locations ches of different car machines within the location with the increasing demand of electrical vehicles are also expected to pressure the growth of the n-butanol marketplace. However, continuous Low intake of Dop in Europe and North America restrains the n-butanol market, whereas, excessive cost and safety hazard will challenge market increase.

In addition, increasing cognizance of n-Butanol producers and different market players on improving the growing use of n-butanol as bio-gasoline will create enough opportunities for the n-butanol marketplace.

 

Download free sample @ https://www.datamintelligence.com/download-sample/n-butanol-market

 

Market Dynamics

Flourishing Demand From Sectors like Transportation and others

N-Butanol has primary demand in the transportation region for packages in bio-gasoline, brake fluids, ignition engines, and others. The upward push in production and established transportation sectors, such as car, aerospace, marine, and locomotive is propelling the boom in the market. For instance, BOEING forecasts that the economic, wellknown, and enterprise aviation services will constitute US$ 1.5 trillion with the aid of 2029. The upward push in transportation across the world is influencing the call for for N-Butanol.

According to the Bureau of Transportation Statistics, the North American transborder freight changed into 22% up in March 2022 in comparison to March 2021. Thus, with the rising transportation enterprise from automobile, aerospace, marine, and others, the call for for N-Butanol is growing, owing to its wide variety of applications in transportation for engine ignition, biofuel, and others; thereby the N-Butanol industry is experiencing predominant growth opportunities.

 

Market Segmentation

By Application

  • Butyl Acrylate
  • Butyl Acetate
  • Glycol Ethers
  • Direct Solvents
  • Plasticizers
  • Others

By Grade

  • Pharmaceutical
  • Industrial
  • Chemical

 

Competitive Landscape 

The global market for n-butanol is crowded. Key companies emphasize utilizing various techniques to retain their competitive position in the industry. The companies used various inorganic expansion tactics to expand their regional presence and address the rising demand for n-Butanol in new markets.

Due to rising demand and supply problems, OQ Chemicals issued a sales control for U.S. oxo intermediates in January 2021. Following the lockout, demand for these chemicals soared across U.S. due to increasing demand from the construction and textile industries.

The Dow Chemical Company and Johnson Matthey (U.K.) announced in February 2020 that Guangxi Huayi New Material Company (China), a Chinese company, had chosen LP SELECTOR 10 technology to generate butanol at a new manufacturing site. The facility has a capacity of 300,000 metric tons of butanol per year and was developed in Huayi’s integrated petrochemical complex in Qinzhou Port, China.

 

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Website: https://www.datamintelligence.com/research-report/n-butanol-market

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