Chemicals Industry Today
N Butanol Market to Rise from USD 1.519 Billion in 2024 to USD 2.536 Billion by 2035, Driven by Strong 4.77% CAGR Growth
The N Butanol Market was valued at USD 1.519 Billion in 2024 and is expected to increase from USD 1.592 Billion in 2025 to USD 2.536 Billion by 2035, registering a CAGR of 4.77% over the 2025–2035 forecast period.N Butanol, a four-carbon alcohol, is used in paints, coatings, adhesives, plasticizers, and as an intermediate in chemical synthesis. Growing industrialization, construction activities, and biofuel demand contribute to market growth. It is available in several grades suitable for industrial, pharmaceutical, and chemical applications.
Key Drivers of Market Growth:
- Industrial Solvent Demand: Extensive use in coatings, paints, and adhesives.
- Biofuel Industry Growth: N Butanol as an alternative fuel and chemical intermediate.
- Chemical Industry Applications: Used in plasticizers, esters, and synthetic intermediates.
Types of N Butanol:
- Technical Grade: For industrial solvents and chemical synthesis.
- Pharmaceutical Grade: High purity for medical applications.
- Bio-Butanol: Produced from biomass as a sustainable alternative.
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Regional Insights:
North America and Europe dominate due to industrialization and chemical industry demand. Asia-Pacific is emerging as a high-growth region due to manufacturing expansion and infrastructure development.
Major Players
BASF SE (DE), SABIC (SA), Eastman Chemical Company (US), Oxea GmbH (DE), Nippon Chemical Industrial Co., Ltd. (JP), Mitsubishi Chemical Corporation (JP), Huntsman Corporation (US), Kraton Corporation (US)
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Future Outlook:
The market is expected to grow steadily with increased industrial demand and the development of bio-based butanol for sustainable applications.
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