Top Companies in N-Butanol Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
N-Butanol Market is projected to reach a value of USD 4.41 Billion by 2030 at a CAGR of 4.7% over the forecast period.
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Vantage Market Research has recently published a new report on the "N-Butanol Market” Global Industry Assessment & Forecast to identify key trends and challenges. The report offers insights into the competitive landscape, prospects, and key investment considerations for businesses operating in the N-Butanol market. Some of the key statistics in the report highlight that the Global N-Butanol Market was valued at USD 3.2 Billion in 2022 and is projected to reach a value of USD 4.41 Billion by 2030 at a CAGR of 4.7% over the forecast period. The global N-Butanol market will continue to expand due to rising demand from different end-user sectors, including the solvent, food and beverage, textile, pharmaceutical, coatings and paint, building and construction, automotive, and personal care industries.
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The Global N-Butanol market is dominated by well-known players like The Dow Chemical Company (U.S.), BASF SE (Germany), Sinopec Corporation, Sasol Ltd. (China), Eastman Chemical Company (U.S.), 3. BASF PETRONAS (Malaysia), PetroChina Company Ltd. (China), 5. Sasol Ltd. (South Africa), Mitsubishi Chemical Corporation (Japan), OQ Chemicals (Germany), and Andhra Petrochemicals Ltd. (India), among others. These market participants are also pursuing strategies like investments, partnerships, acquisitions, and mergers to increase their market dominance. Furthermore, businesses are investing in the creation of better services. They are also concentrating on keeping their prices reasonable.
Let’s Take a Look at the Top Market Players that are Captivating the N-Butanol Market
- The Dow Chemical Company (United States)
The Dow Chemical Company sells specialized chemicals. The business sells polyurethane, synthetic rubber, acrylics, caustic soda, plastics, ethylene glycol, and pigments. The company serves worldwide clients.
- BASF SE (Germany)
BASF SE provides raw materials and chemical ingredients. The business creates and produces components for medications, chemicals, textiles, and oil and gas industries. BASF SE provides clients in Germany and abroad with a customer support team, logistics, quality assurance, and control systems.
- BASF PETRONAS (Malaysia)
BASF PETRONAS supplies chemical products and also provides logistics and supply chain management services to its customers. Solvents, plasticizers, and acrylic monomers are a few of the products this company manufactures which find applications in a variety of industries such as healthcare, personal care, automotive, textile, and petroleum.
- OQ Chemicals Inc. (Germany)
Previously known as OXEA Chemicals, OQ is a leading chemicals company offering a broad range of products including oxo chemicals, polymers, acids, alcohols, and energy. The company boasts a worldwide clientele.
- Sasol Ltd. (South Africa)
Sasol is a South African company that focuses on supplying low-carbon electricity and liquid fuels. Additionally, Sasol also manufactures monomers, polymers, fertilizers, waxes, olefins, and synthetic fuels. The company has a worldwide reach.
- Eastman Chemical Company (United States)
Eastman used to be a subsidiary of Kodak but has since then become an independent company. Eastman makes and markets specialty chemicals which find use in a variety of industries that include agriculture, eyewear, filtration, energy and fuels, consumer electronics, and construction. Eastman serves worldwide clients.
- PetroChina Company Ltd. (China)
PetroChina Company Ltd. manufactures and sells petroleum-based products. Additionally, China’s demand for energy supplies like natural gas and fuel are fulfilled by PetroChina through exploration, extraction, production, refining, and marketing of these products. This company has international ties and serves clients globally.
- Mitsubishi Chemical Corporation (Japan)
As a corporation, chemical goods are distributed and marketed by Mitsubishi. Petrochemical and coal chemical, paper, water treatment, plastics, and rubber are just a few industries the company serves. It also offers logistic services, creates custom formulations, blends solvents, and dilutes liquid products. Mitsubishi works throughout Japan and also globally.
- Sinopec Corporation (China)
Sinopec is a Chinese corporation with a focus on exploration, marketing and distribution of crude oil and natural gas. Additionally, the company has a chemical segment which deals with selling chemical supplies, and Sinopec also participates in research and development and import and export activities.
- Andhra Petrochemicals Ltd. (India)
Petroleum-based chemicals are distributed and wholesaled by Andhra Petrochemicals Ltd all across India. The company provides a variety of specialty chemicals including oxo alcohols, iso-butanol and other auxiliary chemicals. Low volatility resins, esters, gasoline additives, and flotation agents are some other goods that are supplied.
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