Prismane

n-Butanol Market Demand, Capacity, Trade, Pricing and Market Outlook Report Till 2032

n-Butanol Market Overview

The global n-butanol market reached a valuation of USD 4.2 billion in 2023, and it is anticipated to cross USD 5.8 billion by 2032. The global n-butanol market is primarily driven by the increasing adoption of n-butanol across various industries, including but not limited to automotive and construction. These sectors are driven by key factors such as industrialization and urbanization, which are further expected to drive the n-butanol market during the forecast period.

Global n-butanol Demand by Application, 2032 (KT)
Global n-butanol Demand by Application, 2022 (Kilo Ton)
Source: Secondary & Primary Research and Prismane Consulting estimates

n-Butanol Market By Applications

N-butanol is widely used as a chemical intermediate in the manufacturing of Butyl Acrylate, Butyl Acetate, Plasticizers, Glycol Ether, Solvents, and others. Butyl Acrylate is the largest application, accounting for more than 40% of global n-butanol demand. It is primarily used in the Paints & Coatings and Adhesives industries and is expected to remain a key market for n-butanol in most regions.  The Glycol Ethers application is the second biggest consumer, accounting for more than 20% of global n-butanol demand. N-butanol is used to manufacture P-series ethers, which are used in the production of propylene glycol monobutyl ether (PnB), dipropylene glycol monobutyl ether (DPnB), and tripropylene glycol monobutyl ether (TPnB), used in Paints & Coatings, Adhesives, and Inks.

N-butanol can also serve as an alternative to ethanol for fuel applications, with a majority of n-butanol production expected to transition to the biomass fermentation method due to a shift away from hydrocarbon energy sources.

Global n-butanol Demand Supply Analysis, 2032 (KT)
n-butanol demand supply analysis kilo tons 2016-2032
Source: Secondary & Primary Research and Prismane Consulting estimates

n-Butanol Market Forecast

The global n-butanol demand was estimated to be over 5,500 kilotons in 2023, which is further poised to grow at an annual average rate of 3%, primarily influenced by the growing demand for butyl acrylate. The global n-butanol demand is driven by the Asia Pacific region, where most of the new n-butanol capacities are expected to be added in the coming years. Developments in end-use industries such as Automotive and Construction will positively impact the n-butanol market in the forecast period

n-Butanol Regional Markets

Asia Pacific

Asia Pacific is the largest market for n-Butanol, with a market share of more than 50%, owing to the strong presence of end-use industries, rapid industrialization, urbanization, and shift of manufacturing bases from mature markets to emerging economies such as China, India,  and other Southeast Asian countries.

Global n-butanol Demand By Region, 2023 (KT)
Global n-butanol Demand By Region, 2022 (Kilo Ton)
Source: Secondary & Primary Research and Prismane Consulting estimates

North America and Western Europe

North America and Western Europe account for market shares of 25% and 20%, respectively. North America, particularly the United States, is a significant consumer of n-butanol, driven by its extensive use in the automotive, construction, and chemical industries. The automotive sector relies on n-butanol for brake fluid production, while the construction industry uses it in paints, coatings, and adhesives. Additionally, the chemical industry in North America utilizes n-butanol as a chemical intermediate in the synthesis of various compounds.

Middle East & Africa

Middle East & Africa is one of the emerging players in the n-butanol market. Saudi Butanol Co (SABUCO) is the sole n-butanol producer, with an installed capacity of 330 kilotons.

n-Butanol Trade Analysis

China

China is the largest importer of n-butanol, with average imports of 230 kilotons between 2016 and 2023 at an average price of $961 per metric ton. However, in recent years, China's n-butanol imports have declined. The nation has also implemented strategies aimed at further reducing its imports in the mid-term outlook, with expectations of transitioning into a net exporter in the long-term forecast.

South Africa

South Africa is the largest exporter of n-butanol, with average export volumes of more than 120 kilotons per year between 2016 and 2021. In 2021, n-butanol exports saw a decline of -33% compared to the previous year due to raw material shortages and the impact of COVID-19. 

n-Butanol Manufacturers

BASF, Dow, OXEA, Sasol, PetroChina, LG Chem, Grupa Azoty, Evonik, Eastman Chemical Company, Mitsubishi Chemical Corporation, Sinopec, and KH Neochem are global manufacturers of n-butanol. BASF is the largest manufacturer of n-butanol, with a capacity of 450 kilotons and a market share of 14%, followed by Dow, Oxea, and Luxi Chemical Company with market shares of 11%, 9%, and 7%, respectively.

Scope of Report 

The N-Butanol report describes the global N-Butanol market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Applications
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  N-Butanol Market data in terms of volume and value for each end-use 
   at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2020
          -  Base - 2021
          -  Forecast Period - 2022 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand-Supply Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance
      •  Chemical
      •  Plastics & Polymers
      •  Others
5.  Plants & Projects Analysis
      •  N-Butanol Production Capacity, by Company
      •  N-Butanol Production Capacity, by Country and by region
      •  Capacity Overview, By Technology
6.  Introduction to N-Butanol and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
7.  Market Dynamics and Industry Trends 
      •  Market Dynamics 
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
8.  Global N-Butanol Demand-Supply Analysis, By Applications (Volume, Value) (2016–2032)
      •  Strategic Issues
      •  Demand-Supply Analysis and Forecast (2016 – 2032)
          -  Capacity
          -  Capacity Utilization (%)
          -  Production
          -  Imports
          -  Exports
          -  Net Exports
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global N-Butanol Market, By Applications 
          -  Butyl Acrylate
          -  Butyl Acetate
          -  Plasticizers
          -  Glycol Ether
          -  Solvent
          -  Others
9.  Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues
      •  Capacity
      •  Capacity Utilization (%)
      •  Production
      •  Imports
      •  Exports
      •  Net Exports
      •  Demand
      •  Demand Growth Rate (%)
      •  N-Butanol Market, By Applications
Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand-supply (consumption) split by Applications, has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2022 – 2032)
10.  Pricing Analysis
      •  Average N-Butanol Prices, USD/Kg
      •  Average N-Butanol prices, by Country 
      •  Average N-Butanol prices, by Region
      •  Price Forecast
11.  Key Strategic Issues
12.  Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
13.  Strategic Recommendation & Suggestions
14.  Company Analysis and Market Share Analysis
         -  Basic Details
         - Headquarters, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             -  BASF
             -  DowDuPont
             -  OXEA
             -  Sasol
             -  PetroChina
             -  LG Chem
             -  Grupa Azoty
             -  Evonik
             -  Eastman Chemical Company
             -  Mitsubishi Chemical Corporation
             -  Sinopec
             -  KH Neochem
             -  Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
15.  Appendices
      •  Demand-Supply - Regions
      •  Demand-Supply– Countries
      •  Capacities, 2016-2032

Scope of Report 

The N-Butanol report describes the global N-Butanol market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Applications
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  N-Butanol Market data in terms of volume and value for each end-use 
   at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment


Frequently Asked Questions

What is the global market for n-butanol?
n-butanol market reached a valuation of USD 4.2 billion in 2023, forecasted to surpass USD 5.8 billion by 2032. The global n-butanol demand was estimated to be over 5,500 kilotons in 2023.