n-Butanol Market Overview:
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. Additionally, it is used as a raw material for coating resins, butyl carboxylates such as butyl acetate, butyl acrylate, and glycol ethers. Its commercial applications range from Adhesives and sealants, Cleaning and furnishing care products, Ink, toner, and colorant products, etc.
Butanol when added to gasoline has been found to produce a class of biofuel that can replace ethanol in this category. The global exports of n-butanol was estimated at $691 million in 2016 and is predicted to witness robust and accelerated growth in the coming years, especially in the South-American and APAC region.
n-Butanol Market Outlook:
Global energy constraints and environmental concerns have led to many governments, scientists and industries to look further into fermentative production of renewable and green biofuels produced from biomass feedstocks. Biobutanol has shown promising results as an excellent replacement to traditional diesel and gasoline engines which lead to detrimental pollution. In fact, its performance is even better than that of the ethanol biofuel used extensively in countries like Brazil. The
n-Butanol Market Growth drivers:
There are multiple growth drivers for the n-Butanol market and the most important driver is the increasing demand for green, sustainable and non-polluting fuels. Biobutanol fuel derived from biomass feedstock and produced using the ABE fermentation happens to be an extremely clean and sustainable fuel with a large energy density comparable to gasoline. It is an essential replacement to bioethanol fuel, as bioethanol has a lower energy density and is potentially harmful to current gasoline internal combustion engines.
However, large scale production of bio-Butanol using fermentation will be made possible in the future owing to innovative technologies and scientific advancements such as CRISPR and bio-engineering. Genetically modifying certain bacteria species will aid in the mass production of n-Butanol that has tremendous scope in the energy and fuel industry.
n-Butanol Market Challenges:
The prime challenge faced by the n-Butanol market is that mass production to the bio-Butanol fuel through the traditional ABE fermentation technique is still not sustainable due to its toxicity for the bacteria that aid in the fermentation. As a result, majority of the n-Butanol used in the various industrial and chemical applications are synthetically manufactured from the crude oil derived, propylene. As crude oil is a volatile raw material with daily price fluctuations, it eventually reflects in the final product of n-Butanol or its end products.
n-Butanol Market Research Scope:
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the n-Butanol market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the electric vehicle market, and their specific applications in different types of vehicles.
n-Butanol Market Report: Industry Coverage
n-Butanol– By Commercial Manufacturing Process: Hydroformylation Reaction of Propene, Biosynthesis using Clostridium Acetobutylicum
n-Butanol– By Application: Industrial and Commercial
n-Butanol– By End User: Chemical Industry, Food and Beverages, Textile, Agriculture, etc
The n-Butanol market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
- North America: The U.S., Canada, Mexico
- South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
- Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
- APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
- Middle East and Africa: Israel, South Africa, Saudi Arabia
n-Butanol Market Key Players Perspective:
Some of the Key players in this market that have been studied for this report include: The Dow Chemical Company (US), OXEA (Germany), and Mitsubishi Chemical Corporation (Japan), Sasol Ltd, Grupa Azoty, KH Neochem Co Ltd, Sinopec, Eastman Chemical Company, China National Petroleum Corporation (CNPC), Cobalt Technologies, Formosa Plastics Corp, INEOS Oxide Ltd, Perstorp Holding AB, and Saudi Kayan Petrochemical Company and others
Market Research and Market Trends of n-Butanol Market
- A team of engineers and researchers from the National University of Singapore (NUS) have discovered that Thermoanaerobacterium thermosaccharolyticum TG57, a bacteria derived from the waste generated from mushroom harvesting, was capable of converting cellulose to n-Butanol directly. The amount of biobutanol produced was quite significant yielding 1.93 g/liter, which was comparable to many of the sophisticated and bio-engineered microorganisms. Further research, optimization and a well prescribed production process could lay the foundations for commercialization in the near future, leading to the growth of the n-Butanol market.
- Gevo, Inc. a leading biofuels and advanced renewable chemicals company has initiated a lease with with Shockwave LLC for the installation and operation of Shockwave’s Thermodynamic Corn Fractionation Process. This innovating and trademarked process will hope to improve Gevo’s profitability by lowering the production cost of ethanol and isobutanol. This could lead to many competitors developing new similar and innovative processes to further reduce the manufacturing costs of biobutanol.