Global Butyl Alcohol Market Overview:
Butyl alcohol is open-chain alcohol with four carbons, having molecular formulae – (C4 H10O). it's a colorless and combustible liquid with a powerful and sweet odor. The raw materials for the assembly of butanol are syngas and propylene, created through organic compound processes. The other names for butanol are butyl alcohol, n-butanol. The notable properties of butanol embrace higher melting and boiling purpose, higher consistency, higher potential as a fuel and soluble in solvents & insoluble in water.
- Rapid Industrialization and Urbanization with Increased Infrastructural and Construction Activities
- Rising Usage of Butyl Alcohol in Intermediate in The Synthesis of Flavouring Substance
- Fluctuating Raw Material Prices and Possibility Scarcity in The Future due to Overuse
- Emerging Trends in Bio-Derived Butanol as Biofuel
- Increasing Application of Butyl Alcohol as Dewaxing Agent for Organic Dyes & Inks
- Potential Health and Environmental Hazards Associated with Solvent-Based Systems
The global market for butyl alcohol is fragmented by global key players serving the clients and product development which helps them gain preferential applications in various end-use industries, such as coatings, automotive, construction, agriculture, pharmaceutical, and textile. The player should focus on efficient extraction services and manufacturing techniques of butyl alcohol with economic conditions is expected to sustain the high market competition.
Some of the key players profiled in the report are BASF (Germany), The DOW Chemical Company (United States), Eastman (United States), OQ Chemicals (Germany), SASOL (South Africa), BASF PETRONAS (Malaysia), PetroChina (China), Mitsubishi Chemical Company (Japan), SINOPEC (China) and KH Neochem (Japan). Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Butyl Alcohol market. Considering Market by Product, the sub-segment i.e. Biobutanol will boost the Butyl Alcohol market. Considering Market by End User, the sub-segment i.e. Paints & coating will boost the Butyl Alcohol market.
What Can be Explored with the Butyl Alcohol Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Butyl Alcohol Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Butyl Alcohol
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Butyl Alcohol market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Butyl Alcohol market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Butyl Alcohol Manufacturer, Raw Material Provider, Research Institutes, End-User Industry and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Butyl Alcohol Market?
The Butyl Alcohol market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Butyl Alcohol Market?
Top performing companies in the Global Butyl Alcohol market are BASF (Germany), The DOW Chemical Company (United States), Eastman (United States), OQ Chemicals (Germany), SASOL (South Africa), BASF PETRONAS (Malaysia), PetroChina (China), Mitsubishi Chemical Company (Japan), SINOPEC (China) and KH Neochem (Japan), to name a few.
3. What trending factors would impact Butyl Alcohol Market growth most?
"Product Development as Extractants in Pharmaceuticals and Artificial Food" is seen as one of major influencing trends for Butyl Alcohol Market during projected period 2020-2026.