Global Iso Butanol Market is expected to Grow at a CAGR of 5.05% by 2032


Posted September 21, 2023 by ChemAnalystResearch

According to ChemAnalyst report, “Global Iso Butanol Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel
 
According to ChemAnalyst report, “Global Iso Butanol Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, Manufacturing Process, 2015-2032”, The Iso Butanol market will most likely experience a significant rise and reach approximately 1050 thousand tonnes in 2032, at an expected CAGR of 5.05% during the forecast period by 2032. The increasing consumption of Iso Butanol by Solvent & Coatings, Plasticizer, and Chemical Intermediates end-use industries is anticipated to bolster the global Iso Butanol market in the coming years.

Iso Butanol is used as a chemical intermediate in a variety of chemical processes and industries. Despite its limited miscibility in water, it is readily soluble in a variety of common solvents, including ketones, alcohols, ether, gycols, aromatic hydrocarbons, and aldehydes. In addition, isobutanol functions as a starting material, extractant, additive, humectant, and dehydrator. It is commonly used to make isobutyl acetate, isobutyl methacrylate, and other compounds. Iso Butanol is utilised as a solvent and as a feedstock in chemical reactions. Pure Iso Butanol is mostly transformed into derivates (mainly esters) that are used as solvents in the coating industry. Iso Butanol has the advantage of preventing blushing of certain coatings when they dry in humid conditions. As a result, it is commonly employed as a diluent in cellulose nitrate lacquers, where it improves flow and shine. Iso Butanol's versatility and critical significance in chemical industries' production processes have cemented its position as the market's major application segment. Iso Butanol is also employed in the plasticizer industry for the manufacturing of derivative esters. Plasticizer agents containing isobutyl esters, such as diisobutyl phthalate (DIBP), are utilized in manufacturing plastics, rubbers, and other dispersions. Other applications include polishers and cleansers, as well as gasoline additives for spark-ignition engines to help avoid carburetor ice. It is employed in the manufacture of organic chemicals as a chemical extractant and as a mobile phase in thin layer chromatography. Additionally, it is employed as an extraction solvent in the manufacture of pharmaceuticals, a component of anti-icing blends, and an anti-corrosive additives.

Read Full Report Here: https://www.chemanalyst.com/industry-report/iso-butanol-market-776

The Solvent & Coatings sector is anticipated to dominate the iso butanol market during the forecast period. The coatings and solvents used in the building and construction sectors primarily include iso butanol. With an increasing global population comes an increasing number of building and construction projects. Thus, with greater investment in building and construction activities in the future, iso butanol demand is projected to expand. The increased demand for isobutanol in the production of chemical intermediates such isobutyl acetate and derivative esters is another reason that encourages market expansion.

The global Iso Butanol market is segmented based on end-use, sales channel, and region. Based on consumption, Asia Pacific dominates the Iso Butanol market. This region consumed nearly 45% of the worldwide Iso Butanol market in 2022 and is expected to maintain its position as leader in the coming years. Because of rising demand for Iso Butanol to produce paints and coatings which are further used in in the automotive and construction sectors, Asia Pacific is likely to dominate the global Iso Butanol market. Increased urbanisation and buying activities are also hyping the Asia Pacific Iso Butanol market.

Based on the end-user industry, the global Iso Butanol market is segmented into Solvent & Coatings, Plasticizer, Chemical Intermediates, and Others. Although, Solvent & Coatings industry is dominating the Iso Butanol market and held a share of roughly 50% in 2022. Another significant end-user of Iso Butanol market is the Plasticizer industry.

Read Free Sample Report: Global Iso Butanol Market

“Global Iso Butanol Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, Manufacturing Process, 2015-2032”, the significant players functional in the Iso Butanol market are BASF SE, Highlands EnviroFuels, LLC, INEOS Group Limited, Tianjin Bohai Chemical Industry Co, Ltd., Gevo Inc., SINOPEC Anqing Company, Grupa Azoty Kędzierzyn, CNOOC and Shell Petrochemicals Company Limited, Dairen Chemical Corporation, and Haizheng Chemical Co.,Ltd.

“The surging demand for Iso Butanol from downstream paints & coatings industries coupled with rapid industrialization across the globe is predicted to drive the global Iso Butanol market till 2032. Additionally, the application of isobutanol as a chemical feedstock for esters will most likely promote market expansion. Asia Pacific region is the major consumer of Iso Butanol and owing to the presence fast-paced development and construction activities, this region will maintain its dominance over global Iso Butanol market in the coming years as well. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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Tags iso butanol market , chemanalyst
Last Updated September 21, 2023