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 was evaluated at USD 3 billion in 2019 and is speculated to be worth USD 4.4 billion by 2027, expanding at an annual rate of 5% between 2020-2027.
 

Surging infrastructural & construction activities and growing demand for coatings from end-use industries are key factors driving global n-butanol market growth.
 

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For the record, n-butanol is a fusel alcohol with 4-carbon structure. Its chemical formula is C4H90H. It is mainly produced by a chemical process as well as by sugar fermentation from agricultural crops, and is water soluble. N-butanol is used in the production of cosmetics & fragrances, paints & coatings, pigments, adhesives, dyes, and camphor.
 

While utilization of product in various end-user verticals will spur market proliferation, scarcity of raw material in the future and their fluctuating price are poised to hinder industry growth over the analysis timeframe.
 

Based on application scope, worldwide n-butanol market is bifurcated into butyl acrylate, direct-solvent, butyl acetate, glycol ethers, plasticizers, and others. Speaking of end-user spectrum, the industry is divided into paints, varnishes, camphor, coatings, and resins.
 

Regionally speaking, Asia Pacific held majority of global n-butanol market share in the past year due to increasing urbanization, industrialization, and population. Rising international investments, availability of cheap labor and rapid infrastructure development are also credited for market expansion in this region. Meanwhile, market in Europe and North America is slated to expand rapidly between 2020-2027 owing to rising agreement & expansion in construction industry.
 

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

These companies have undertaken strategic decisions like mergers & acquisitions, partnerships, alliances, product launches, and investments to enlarge their profit margins and capture a significant share of the business sphere.