N-Butanol Market Expected Value Up to $9.4 Billion By 2018 The report N-Butanol Market by Applications - Global Trends & Forecasts to 2018 defines and segments the global n-butanol market with analysis and forecasting of the global demand and revenue for n-butanol.
Browse 70 market data tables with 34 figures spread through 223 pages and in-depth TOC on N-Butanol Market by Applications (Butyl Acrylate, Butyl Acetate, Glycol Ethers, and Others) & Geography-Global Trends & Forecasts to 2018 http://www.marketsandmarkets.com/Market-Reports/n-butanol-market-1089.html Early buyers will receive 10% customization on reports. N-butanol is an oxo alcohol which is majorly derived from propylene and syngas by oxo process. It is widely employed as a feedstock for the manufacturing of various chemicals including butyl acrylate, butyl acetate, glycol ethers, and plasticizers. It is also used as a direct solvent for paints, coatings, varnishes, resins, dyes, etc. The growth in these segments drives the demand of n-butanol globally. Among various application segments of n-butanol, butyl acrylate industry is the major consumer of n-butanol and the high growth in demand of n-butanol in near future is expected to be driven by this industry segment. Direct solvent application is another rapidly growing segment in various developing countries. Asia-Pacific - the biggest market of n-butanol Asia-Pacific, the biggest consumer of n-butanol, consumed almost half of its global share in 2012. N-butanol market in Asia-Pacific is majorly driven by high demand in China which consumed around 35% of the global n-butanol production in 2012. Increased use of automotive paints and water-based coatings is driving the butyl acrylate market in China, which in turn is driving the demand of n-butanol. The region is a net importer of n-butanol. Hence, the market dynamics, in terms of revenue, are dependent on the nbutanol exporting regions. Europe - a mature market of n-butanol European market is mature and is expected to grow at lowest CAGR among all the regions. Various market players of n-butanol are shifting their focus from Europe to Asia-Pacific as there is a wide demand-production gap in the Asia-Pacific region. North American market is moving towards maturity and the region is trying to increase its export market, mainly in the AsiaPacific.