According to the research report titled ‘Global N-Butanol Market by Application (Butyl Acrylate, Butyl Acetate, Glycol Ethers, Direct- Solvent, Plasticizers, Others), End use industry (Varnishes, Paints, Coatings, Resins, Camphor,). Regional Forecasting 2020-2027’, available with Market Study Report, global n-butanol market size was remunerated USD 3 billion in 2019 and is anticipated to multiply at a CAGR of 5% over 2021-2027, subsequently reaching USD 4.4 billion by the end of the assessment period.
 

As per the findings of the report, surging demand for coatings from end use industries along with rising construction and infrastructural activities are the key factors propelling global n-butanol market growth.
 

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For the unfamiliar, N-butanol has the chemical formula C4H9OH and is a kind of alcohol having a 4-carbon structure. It is one of the fusel alcohols, which are water soluble and have more than two carbon atoms. N-Butanol is made by a chemical reaction and the fermentation of sugar from agricultural products.
 

It is used in the production of chemicals like butyl acetate, glycol ethers, butyl acrylate, and plasticizers. Paints and coatings, cosmetics and perfumes, camphor, pigment, adhesives, and dyes, among other things, employ N-butanol as a precursor to high-value resins and specialty solvents.  
 

Based on application spectrum, global n-butanol industry is split into plasticizers, direct-solvent, glycol ethers, butyl acetate, butyl acrylate, and others. As per end use industry, the market is classified into camphor, resins, coatings, paints, and varnishes.
 

Despite the favorable prospects, fluctuating price and lack of raw materials is anticipated to hamper the industry remuneration over the forecast period.
 

Elaborating on geographical ambit, Asia Pacific dominates worldwide n-butanol marketplace owing to rapid urbanization, industrialization, and booming population in the region. The presence of developing markets with excellent growth potential, availability of inexpensive labor, rapid infrastructural development, and growing multinational investments are all driving demand in the area.
 

On the other hand, Europe and North America industry is slated to grow substantially over the coming years, creditable to rising agreement and expanding construction industry.
 

Leading organizations in global n-butanol market are Sasol Ltd., Perstorp Holding AB, Oxea GmbH, KH Neochem Co. Ltd., Ineos Oxide Ltd., Grupa Azoty S.A., Eastman Chemical Company, Chemicals Sdn. Bhd., BASF-Petronas Chemicals Sdn. Bhd., and BASF SE.