n – Butanol
is a chemical compound which comes under the alcohol family of reagents. Alcohols have found their way into the market due to their increasing use as additives, solvents and fuels. Butanol when added to gasoline has been found to produce a class of biofuel that can replace ethanol in this category. One of the major production techniques for Butanol involves the process of fermentation, which is cost effective. Both these factors act as the main driver for the industry.
From the analysis made in the global market, the n – Butanol market
has been segmented on the basis of application and end-user industry. The major applications include Solvent, Additive, Plasticizer and Biofuel. The end-user industries that mainly benefits from the production are chemical, derivative production, food & beverages, textile, agriculture and petrochemical. n-Butanol industry has been on the rise and this can be mainly attributed to the advent of developments using n-butanol in the form of biofuels as a substitute for gasoline and diesel. The global market for n-butanol is estimated to be $XX billion in 2015. The global market for n-butanol is anticipated to grow at a CAGR of XX% and is forecast to reach $XX billion by 2021.
The overall market is also presented from the perspective of different geographic regions and the key countries in each region. North America was found to be the major contributor while Europe and APAC have also shown their dominance in the recent years. In North America U.S. is the major player. Companies that play the major role in the production are:
The other key players in the industry are:
- BASFE SE (Germany)
- EI du Pont de Nemours & Co (U.S.)
- Mitsubishi chemical corporation (Japan)
- Eastman Chemicals Company (U.S.)
- The Dow Chemical Company (U.S.).
- Sasol Ltd (South Africa)
- Oxea Corporation (U.S.) and others.