Global n-Butanol Market 2018-2022
n- butanol also known as n- butyl alcohol, is a colorless solvent. It is extensively used as a solvent and an intermediate for manufacturing chemical products. It can be manufactured from propene, petrochemical product, or industrially manufactured by the fermentation of biomass.
Technavio’s analysts forecast the global n-butanol market to grow at a CAGR of 4.72% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global n-butanol market for 2018-2022. To calculate the market size, the report considers the revenue generated from the use of n-butanol in different applications
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global n-Butanol Market 2018-2022
Technavio recognizes the following companies as the key players in the global n-butanol market: Arkema, BASF, DowDuPont, Eastman Chemical Company, Mitsubishi Chemical Corporation, OXEA
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing use of n- butanol as a biofuel. The increasing demand for biofuel and the superior characterizes of n- butanol can have a considerable impact the market.
According to the report, one of the major drivers for this market is the rising demand for n- butanol as a solvent. The use of n- butanol in end- use and industrial applications will growth of the global n- butanol market.
Further, the report states that one of the major factors hindering the growth of this market is the volatile crude oil prices. Fluctuations in crude oil prices affect the production process. Fluctuation petroleum prices affect the cost of production and profit margins of vendors.
Eastman Chemical Company
Mitsubishi Chemical Corporation
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