2-Butanol Market Size & Share, by Type (98% Purity, 99% Purity); Butanol Type (N-butanol, Iso-butanol, Tert-butanol); Feedstock (Conventional, Bio-based); End-User (Paints & Coatings, Chemical & Petrochemical, Textile, Agriculture, Building & Construction, Food & Beverages, Transportation, Pharmaceutical, Personal Care, Cleaning Industry, Plastics & Rubber Industry) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5897
  • Published Date: Mar 19, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

2-Butanol Market size is expected to reach USD 17 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of 2-butanol was USD 10 Billion. The increasing expansion of the chemical industry globally will primarily propel the 2-butanol market by the end of 2036. In 2024, the chemical and progressed materials industry is anticipated to proceed encountering the challenges that continued all through 2023, such as conflicting financial development, climate emergencies, and geopolitical clashes.

Another reason behind the massive growth of the 2-butanol market is the increasing demand for the implementation solvent in different chemical industries. Recouping squandered dissolvable for reuse presents a great elective to making strides in the greenness of mechanical forms. Actualizing dissolvable recuperation hones within the chemical industry is fundamental, given the expanding center on maintainability to advance a circular economy. In any case, the efficient design of recovery forms may be an overwhelming assignment due to the complexities related to squander stream composition, techno-economic investigation, and natural evaluation. The supportability of a chemical item or prepare is essentially the result of a complex interaction of natural, innovative, and economic variables and is troublesome to foresee. Guides are required to supply implies to choose likely valuable roads for advance inquire about and advancement. Early-stage techno-economic modeling strategies are generally well built up. Green chemistry is especially critical in chemical fabricating, where the generation of chemicals can have a noteworthy effect on the environment and human well-being.


2-Butanol Market
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2-Butanol Market: Growth Drivers & Challenges

Growth Drivers

  • Increasing Inclination Toward Bio-based Solvent - In this setting, green & biosolvents develop as progressively imperative. Inferred from renewable assets, these solvents offer a huge number of benefits. They are characterized by their decreased natural impression and biodegradability, contributing altogether to maintainability. The Center is set on the water as a dissolvable through added substances to extricate and stabilize the hydrophobic bacterioruberin. These can make milder extraction conditions and permit the concurrent extraction of hydrophobic and hydrophilic compounds. In the long run, fluid gamma-valerolactone (GVL) arrangements were chosen as extraction media for their capacity to recoup bacterioruberin. GVL is considered a flexible bio-based dissolvable for extricating important compounds from biomass. This dissolvable has a few alluring properties, counting its moo poisonous quality and biodegradability, and can be delivered from biomass.
  • Rising Global Attention on Green Chemistry - Green chemistry can be utilized to create modern forms that are more proficient and create less squander. For illustration, forms can be planned to utilize renewable feedstocks, diminish the utilization of solvents and other assistant substances, and increment iota economy. This could result in critical diminishments in squander and emanations, whereas moreover lessening vitality utilization and costs. green chemistry can be utilized to plan more secure chemicals and items. This incorporates lessening the utilization of dangerous chemicals, planning items that corrupt into non-toxic substances, and minimizing the chance of mishaps and chemical discharges. 
  • Increasing Advancement in Solvent Technology - The foremost critical improvements in solvent-based liquid partitions, divisions including at slightest one liquid stage, are checked on. After a brief presentation and dialog on common dissolvable patterns watched in all areas of application, a few particular areas are examined. Vital dissolvable patterns incorporate the substitution of conventional atomic solvents by ionic fluids and profound eutectic solvents and, more as of late, expanding talk around bio-based solvents in a few application areas. Besides, stimuli-responsive systems are examined; the foremost noteworthy advancements in this field are seen for CO2-switchable and redox-responsive solvents. Examined areas of application incorporate hydrocarbon divisions, carbon capture, biorefineries, and metals partitions.

Challenges

  • Lack of Feedstock - Climate alter, socioeconomic weights and unused approaches and enactment are driving a decarbonization handle over businesses, with a basic move based on a conventional fossil-based economy to a biomass-based. This modern worldview suggests not as it were a progressive staging out of fossil fills as a source of vitality but a move absent from unrefined oil as a source of stage chemicals, polymers, drugs, solvents, and numerous other basic materials, and customer merchandise that are omnipresent in our way of life. State-of-the-art biorefineries as of now deliver cost-competitive chemicals and materials, but other items stay challenging from the financial point of see, or their scaled-up generation forms are still not sufficiently created. In specific, lignin's depolymerization may be a. required point of reference for the victory of coordinates biorefineries, and way better catalysts and forms must be moved forward to get ready bio-based fragrant straightforward atoms.
  • Lack of Knowledge in People
  • Supply Chain Interruption

2-Butanol Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

∼5%

Base Year Market Size (2023)

~USD 10 Billion

Forecast Year Market Size (2036)

~USD 17 Billion

Regional Scope

  • Asia Pacific (Japan, China, India, Australia, Others)
  • North America (North America, Canada, Mexico)
  • Europe (Germany, Spain, UK, France, Italy, Russia, Others)
  • Middle East and Africa (South Africa, UAE, Others)
  • Latin America (Brazil, Argentina, Others)
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2-Butanol Segmentation

Butanol Type (N-butanol, Iso-butanol, Tert-butanol)

The n-butanol segment will grow the most by the forecast period and will hold almost 45% of the 2-butanol market because of the increasing use of n-butanol in different industries worldwide. At that point, along came Green Biologics Inc., an entirely claimed auxiliary of a Joined together Kingdom mechanical biotechnology and renewable chemicals company, Green Biologics Ltd. The company's commerce show is to claim and work or end up a lion's share shareholder in ethanol plants for typical butanol (n-butanol) and acetone generation, says Joel Stone, president of Green Biologics. The arrangement is to include bolt-on generation capacity at ethanol plants or retrofit them, like at the recently renamed Central Minnesota Renewables in Small Falls, where Persson presently serves as intervals common director of the plant and bad habit president for Green Biologics. Worldwide N-butanol advertising is expected to extend at a noteworthy rate through 2031. N-butanol is a liquor fabricated by handling petrochemicals or maturation of sugars obtained from corn and is additionally known as 1 butanol or butyl liquor.

Feedstock (Conventional, Bio-based)

The bio-based segment will have superior growth during the forecast period and will hold around 74% of the revenue share of the 2-butanol market owing to the increasing adoption of bio-based butanol across the world. Driven by the increment in industrialization and populace, the worldwide request for vitality and fabric items is relentlessly developing. Since the global essential sources of chemicals and vitality are fossil powers, this development raises noteworthy issues at natural, social levels, and financial levels. To meet the expanding request of vitality sources, biomass assets are amazingly promising. For the feasible generation of renewable vitality, the generation of biobutanol through ABE aging was examined by upstream and downstream handling procedures. ABE maturation was accomplished utilizing Clostridium species whose qualities offer assistance with the transformation of biomass into butanol. Advanced, hereditary building strategies are utilized to modify these life forms to extend the surrender of butanol. Biobutanol is found to be a productive fuel compared to other known biofuels both by physical and chemical properties.

Our in-depth analysis of the global 2-butanol market includes the following segments:

          Type

  • 98% Purity
  • 99% Purity

          Butanol Type

  • N-butanol
  • Iso-butanol
  •  Tert-butanol

          Feedstock

  • Conventional
  • Biobased

          Application

  • Coating Resins
  • Butyl Carboxylates (Glycol Ethers, Butyl Acetate, Butyl Acrylate
  • Direct Solvent Use
  • Plasticizers
  • Fuels & Lubricants

          End-Use Industry

  • Paints & Coatings
  • Chemical & Petrochemical
  • Textile
  • Agriculture
  • Building & Construction (Commercial, Residential, Industrial, Infrastructure)
  • Food & Beverages
  • Transportation [Aerospace, Automotive (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle) Marine, Locomotive]
  • Pharmaceutical
  • Personal Care (Hair Care, Body Care, and Others)
  • Cleaning Industry (Home, Industrial)
  • Plastics & Rubber Industry

          Product Type

  • {(R)-(-)-2-Butanol
  • (S)-(+)-2-Butanol

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2-Butanol Industry - Regional Synopsis

APAC Market Statistics

The 2-butanol market in the APAC region will have the biggest growth during the forecast period with a revenue share of around 38%. This growth will be noticed owing to the increasing expansion of construction in growing industries like China, India, etc. The development industry is one of the column businesses of China's national economy, with an add-up to yield esteem surpassing 31 trillion yuan (USD 4.34 trillion) in 2022, utilizing over 52 million individuals. In later a long time, the Chinese development industry has seized the openings brought by the modern circular of innovative transformation and mechanical change, endeavoring to make strides in proficiency and diminish vitality utilization. As a result, it has accomplished nonstop change and overhauling.

North American Market Analysis

The 2-butanol market in the North America region will also encounter huge growth during the forecast period and will hold the second position owing to the increasing inclination towards the reduction of carbon emissions. Coordinate CO2 outflows from essential chemical generation remained generally steady at around 935 Mt in 2022, as a result of a stagnation in generation. This can be coupled with a moderately steady essential chemicals CO2 escalated over later a long time, at around 1.3 t CO2 per ton of essential chemicals.

Research Nester
REGIONAL 2-Butanol Market
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Companies Dominating the 2-Butanol Market

top-features-companies
    • Eastman Chemical Company
    • Company Overview
    • Business Planning
    • Main Product Offerings
    • Financial Execution
    • Main Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
    • Dow Corporate
    • SABIC
    • Galaxy Chemicals
    • KH Chemicals
    • Solventis
    • KH Neochem Co., Ltd.
    • OQ Chemicals GmbH
    • China National Petroleum Corporation (CNPC)
    • ExxonMobil Chemical

In-the-news

In The News

March 14, 2024: Dow Corporate, an international leader in materials science, and Ducks Unlimited, the global leader in wetland conservation declared cooperation to drive renewability and conservation activities in the Gulf Coast region of the United States administering wildlife habitat, water quality, and outdoor relaxation.   

February 9, 2024: The Dow Chemical Company a completely owned subsidiary of Dow declared the closing of its green bond offering of USD 600 million total principal amount of 5.150% notes due 2034 and USD 650 million total principal amount of 5.600% notes due 2054.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5897
  • Published Date: Mar 19, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing expansion of the chemical industry globally will majorly drive the growth of the 2-butanol market.

The market size of the 2-butanol market is expected to get a CAGR of approximately 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Eastman Chemical Company, Dow Corporate, SABIC, Galaxy Chemicals, KH Chemicals, Solventis, KH Neochem Co., Ltd., OQ Chemicals GmbH, China National Petroleum Corporation (CNPC), ExxonMobil Chemical, Mitsubishi Chemical Holdings, Toyota Tsusho, Daikin, Illinois Tool Works.

The bio-based segment is anticipated to reap the largest market size with almost 74% by the end of 2036 and demonstrate substantial growth scopes.

The market in the APAC region is expected to have the largest market share by the end of 2036 and provide more business opportunities in the future.
2-butanol Market Report Scope
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