Scienza e Tecnologia
Promising Growth in Paints and Coatings Industry Boosts Revenue in the global N-Butanol Market, Highlights TMR
ALBANY, N.Y. , July 13, 2021 /PRNewswire/ -- Companies operating in the global n-butanol market are increasing focus toward strengthening their production capabilities. This move is in response to the potential growth in demand for n-butanol following restoration of markets after COVID-19 pandemic.
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N-butanol refers to a colorless liquid that shows medium volatility. It is popular as a primary alcohol that is used as a chemical intermediate for manufacturing of various other chemicals including amino resins and esters. At present, the liquid is utilized in the production of a wide range of consumer products. Thus, increased product use as a solvent for coatings, paints, fats, varnishes, waxes, oils, plasticizers, and rubber is foreseen to bring extensive sales opportunities in the n-butanol market in the years to follow.
As n-butanol shows solubility in nearly all organic solvents, it finds wide application as a solvent for a wide range of formulated products including inks, paints, camphor, adhesives, cosmetics, and dyes. In addition to this, n-butanol is in high demand across the building and construction industry. This growth is on the back of its various properties including high solubility and good reactivity. Thus, the thriving building and construction industry will work in favor of the n-butanol market in the forthcoming years.
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The report profiles key participants working in the n-butanol market. Thus, the study sheds light on many important aspects such as key product offerings, financials, strategies, and recent developments of all market players.
The list of key players in the market includes following names:
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Chemicals and Materials
Tert-butanol Market - Transparency Market Research has recently published a new research report on global tert butanol market. According to the research report, the global market is expected to reach a valuation of US$650 mn by the end of 2027. Initially, the market was valued at US$472.3 mn back in the year 2018. This huge growth of the global market is expected be achieved with the help of a steady CAGR of 4% for the given period of assessment.
Isobutanol Market - According to the report, the global isobutanol market was valued at US$679.7 mn in 2016. The market is likely to reach US$1,069.9 mn by 2025, expanding at a CAGR of 5.2% between 2017 and 2025. Asia Pacific to Continue to Remain Leading Regional Market Applications of isobutanol across industries such as automotive, chemical, and paints and coatings are likely to amass the most share in the overall revenue of the global market over the forecast period. The rising usage of the compound across the bio-fuel sector is also likely to present promising growth avenues before the market in the near future.
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