(MENAFN- America News Hour) In a recently published report, Global N-Butanol Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global N-Butanol Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global N-Butanol Market was valued at USD 3 Billion in 2019 and expected to grow with a CAGR 5% over the forecast period 2020-2027. The chemical formula for N-butanol is C4H9OH, and it is a kind of alcohol with a 4-carbon structure. It is one of the fusel alcohols, which have more than two carbon atoms and are water soluble. N-Butanol is produced by a chemical process and also by the fermentation of sugar from agricultural crops. It is used in the production of chemicals such as butyl acrylate, glycol ethers, butyl acetate, and plasticizers. N-Butanol is used as a precursor to high-value resins and specialty solvents in the production of paints and coatings, cosmetics and fragrances, adhesives, pigment, camphor, and dyes, among other things. Rising demand for coatings from end-use industries and Increased infrastructural and construction activities are drive the market growth of N-Butanol market. For instance, as per India Brand Equity Foundation, between April 2000 and September 2020, FDIs in the construction growth sector (townships, housing, built up roads, and construction development projects). Furthermore, construction (infrastructure) operations totalled US$ 25.78 billion and US$ 17.22 billion, respectively, as per the Department for Industrial policy and promotion Trade (DPIIT). Despite that, fluctuating raw material prices and their scarcity in future hinder the growth of market over the forecasting period 2020-2027.
The regional analysis of the N-Butanol Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. In which, Asia Pacific is dominating the market owing to rapidly increasing population, urbanization, and industrialization are all factors contributing to the market's growth in this area. The demand in the area is being driven by the presence of developing markets with strong growth prospects, the availability of cheap labour, rapid infrastructure development, and growing international investments. However, North America and Europe also participating in market growth due to increasing agreement and expansion in construction industry during the forecasting years.
Key Players in Global N-Butanol Market
BASF
BASF-Petronas
Chemicals SDN. Bhd.
Eastman Chemical Company
Grupa Azoty
Ineos Oxide Ltd
KH Neochem
Oxea GmbH
Perstorp Holding AB
Sasol Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Butyl Acrylate
Butyl Acetate
Glycol Ethers
Direct- Solvent
Plasticizers
Others
By End Use industry:
Varnishes
Paints
Coatings
Resins
Camphor
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Asia Pacific
China
India
Japan
Australia
Latin America
Brazil
Mexico
Rest of LA
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
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Target Audience of Global N-Butanol Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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