Tuesday, 02 January 2024 12:17 GMT

Global 2-Butanol Market Analysis And Forecast 2023-2030


(MENAFN- Ameliorate Digital Consultancy) Global Industry Analysis

2-Butanol is a clear and colorless liquid that belongs to the family of secondary alcohols. It is an organic compound with the chemical formula C4H10O and is commonly used as a solvent in various industries. The global 2-butanol market is expected to grow at a steady rate over the forecast period, driven by the increasing demand from end-use industries such as pharmaceuticals, paints and coatings, and plastics.

2-Butanol is further used in the production of methyl ethyl ketone and alpha hydroperoxy alcohols. Suitable precautions are necessary while handling or processing 2-Butanol in industrial setting, since during conventional distillation of 2-Butanol several explosions have been taken place.

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2-Butanol Market: Dynamics

With the increasing demand for the use of solvents in various chemical industries, the 2-Butanol market is expected to register significant growth since 2-Butanol serves as a widely used solvent. Further, 2-Butanol consumption is anticipated to gain from the rising demand of flavoring agents, perfumes , paint removers, industrial cleaners from several end use industries.

Moreover, the growth in the usage of chemical intermediate and dyestuffs in various process industries will boost the global market of 2-Butanol.

With the availability of substitutes, 2-Butanol usage can be limited in certain applications. Further, with the strict governments norms and the possible hazards related to usage of chemical solvents in products such as paints & coatings, usage of 2-Butanol might be restricted and this will affect the overall consumption rate. The growing use of water based paint & coating formulations present a challenge for the 2-Butanol market.

2-Butanol Market: Segmentation

On the basis of product type
  • (R)-(−)-2-butanol
  • (S)-(+)-2-butanol
On the basis of application
  • Solvent
  • Chemical intermediate
  • Industrial Cleaners
  • Flavoring agent
  • Dyestuffs
  • Others

2-Butanol Market: Regional Outlook

As per the regional market scenario, East Asia and South Asia is consider to be one of the leading region due to the presence of established production house as well as end use market for 2-Butanol. China, India and ASEAN nations are the key players in the 2-Buatnol market due to the growing solvent industries and other chemical industries.

North America and Europe are the other key regions for 2-Butanol market due to the presence of several Tier-1 manufacturers and major chemical industry end users.

Within Europe, the market of Germany, Russia, UK, France are the leading country markets for 2-Butanol, while new opportunities can be seen in the emerging East European economies such as Poland. Latin America, Middle East and Africa are expected to show a moderate growth in the global 2-Butanol market in the coming years, but with the growing industrial activities in these regions may increase the usage of 2-Butanol in near future.

2-Butanol Market: Key Participants

List of some of the prominent participants in the global 2-butanol market, identified across the value chain include:

  • BASF SE
  • Sasol Limited
  • Antera Agro chem
  • Anteras chem pvt ltd
  • Tokyo Chemical Industry Co., LTD.
  • WEGO Chemical Group
  • Medical Isotopes Inc.
  • Aofan Pharmtech Co., Ltd.
  • Oxiteno SA Industrio e comercio
  • ChemService Inc.
  • Mckinn International Pte Ltd.
  • Alfa Aesar
  • BOC Sciences
  • Glentham Life Sciences Limited
  • Santa Cruz Biotechnology, Inc.

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The report covers exhaustive analysis on:

  • 2-Butanol Market Segments
  • 2-Butanol Market Dynamics
  • 2-Butanol Market Size
  • Market Adoption rate of 2-Butanol
  • Current Trends/Issues/Challenges in the 2-Butanol Market
  • Competition & Companies Involved in 2-Butanol
  • New Technology for 2-Butanol
  • Value Chain of the 2-Butanol Market

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Russia, Turkey)
  • South Asia (India and ASEAN countries)
  • East Asia (China, Japan, South Korea)
  • Oceania (Australia and New Zealand)
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Report Highlights:

  • Detailed overview of 2-Butanol market
  • Changing market dynamics in the 2-Butanol industry
  • In-depth 2-Butanol market segmentation
  • Historical, current, and projected 2-Butanol market size in terms of value and volume
  • Recent industry trends and developments in the global 2-Butanol market
  • Competitive landscape in the market of 2-Butanol
  • Strategies of key players and products offered in the global 2-Butanol market
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on 2-Butanol market performance
  • Must-have information for market players in 2-Butanol market to sustain and enhance their market footprint

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Related Reports –

  • phenol market
  • pyridine market
  • industrial hydrogen market

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