N-Butanol Market Report, By Application -Trend Analysis & Forecast Up To 2024

“N-Butanol Market Report, By Application, By End User and Geography – Global Market Share, Trend Analysis & Forecast Up To 2024”

The global n-butanol market is forecast to grow at a CAGR 4.5% to 5.5% during the forecast period 2019 to 2024. The n-butanol system markets has a developing potential owing to the wide industrial application such as automotive, construction and agrochemicals as solvents, ink, paints and adhesives. Moreover, rising disposable income, rapid industrialization and increasing investment of many major players in the market fuels the market growth. However, increasing prices of raw material, shortage of raw material and environment regulations pertaining to n-butanol may hinder the growth of the market. One of the major trend anticipated to boost the market during the forecast period is the development of bio-butanol for industrial applications.

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By geography food services market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America comprises United States, Canada and Mexico whereas Europe would primarily cover Germany, France, UK, Italy and Rest of Europe. The key countries included under Asia Pacific are China, Japan, India, Australia, and Rest of Asia Pacific. In Latin America, Brazil, Argentina, and Rest of Latin America are the key countries whereas in Middle East & Africa, South Africa and Rest of MEA are the key countries covered in the report. Asia Pacific is expected to be the fastest-growing region during the prediction period. Factors such as rising industrialization, urbanization and high consumption of n-butanol in China are driving the growth of n-butanol market in Asia pacific.

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The global n-butanol market is further bifurcated by end users into chemical industry, food and beverages, textile, agriculture, paints and coatings, petroleum industry, derivative production and others. The chemical industry sector is estimated to account for the largest market share and expected to maintain their dominance throughout the forecast period followed by and paints and coating segment. Increasing application of n-butanol in wide areas including pharmaceutical, polymers, printing and cosmetics will fuel the market in the future.

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