The N-butanol market refers to the global industry and trade sector focused on the production, distribution, and sale of N-butanol, a type of alcohol with the chemical formula C_4H_9OH. N-butanol, also known as n-butyl alcohol or butanol, is a primary alcohol that serves as an important solvent and intermediate in the manufacture of various chemicals and products. N-butanol is produced through several methods, including the hydroformylation of propylene (known as the oxo process) followed by hydrogenation, or through fermentation processes. Its applications are diverse, encompassing use in the manufacture of plastics, resins, paint thinners, brake fluids, and as a solvent in the production of pharmaceuticals, cosmetics, and detergents.
The n-butanol market is projected to expand significantly, reaching USD 7.0 billion by 2033 from USD 4.2 billion in 2023, demonstrating a Compound Annual Growth Rate (CAGR) of 5.2%. This growth is primarily driven by the increasing use of butyl acrylate, which commands a 32.8% share of the market due to its critical application in coatings and adhesives, closely followed by butyl acetate. The production of n-butanol is predominantly achieved through the oxyhydrogenation of propylene, accounting for 60.3% of the market, which underscores the process’s efficiency.
The paints and coatings sector, benefitting substantially from n-butanol, holds a 35.4% share, underlining the compound’s significance. Regionally, the Asia-Pacific leads the market with a dominant 48.4% share in 2023, propelled by robust industrial growth and escalating demand.
Below Are the Top 14 N-butanol Companies:
- BASF SE
- DOW INC.
- Eastman Chemical Company
- INEOS GROUP
- SABIC
- SASOL
- Mitsubishi Chemical Corporation
- PETRONAS Chemicals Group Berhad
- OQ Chemicals GmbH
- Formosa Plastics Corporation, U.S.A.
- KH Neochem Co., Ltd.
- MERCK KGAA
- Anhui Shuguang Chemical Group
- Vizag Chemical
BASF SE
BASF SE is a globally leading chemical company headquartered in Ludwigshafen, Germany. Established in 1865, BASF stands for Badische Anilin- und Soda-Fabrik. Over the years, it has evolved from a small chemical manufacturer into one of the world’s largest chemical conglomerates. The company operates across a broad spectrum of sectors, providing a vast range of products and services. Its portfolio includes chemicals, materials, industrial solutions, surface technologies, nutrition and care products, and agricultural solutions.
DOW INC.
Dow Inc., often referred to simply as Dow, is a prominent American multinational chemical corporation with headquarters in Midland, Michigan. It is one of the world’s leading materials science companies, offering a wide array of products and solutions across a variety of market segments, including packaging, infrastructure, mobility, and consumer applications. Dow operates under three main business segments: Performance Materials & Coatings, Industrial Intermediates & Infrastructure, and Packaging & Specialty Plastics.
Founded in 1897 by Herbert Henry Dow, the company has grown through innovation, research and development, and strategic acquisitions to expand its product offerings and global reach. Dow is known for its commitment to sustainability, aiming to deliver solutions that address global challenges such as plastic waste, carbon emissions, and water scarcity.
- Industry: Materials Science
- Founded: 1897 by Herbert H. Dow
- Sustainability Focus: Dow is committed to sustainable practices and developing innovative solutions that address environmental challenges.
- Global Presence: The company operates manufacturing sites in over 31 countries and employs approximately 36,000 people worldwide.
- Market Performance: Dow reported annual revenue of approximately $45 billion in 2023.
Eastman Chemical Company
Eastman Chemical Company is a global specialty chemical company with a focus on providing innovative solutions to its customers. As of my last knowledge update in January 2022, Eastman Chemical Company operates in various sectors, including chemicals, fibers, and plastics. The company is known for its diverse product portfolio and serves a wide range of industries, such as agriculture, automotive, construction, consumer goods, and more.
History: Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee, USA. It was originally part of Eastman Kodak Company but became an independent company in 1994. Product Portfolio: Eastman produces a variety of chemicals, advanced materials, and fibers. Their products are used in a multitude of applications, ranging from adhesives and coatings to plastics and textiles. Innovation: The company emphasizes innovation and sustainability in its operations. Eastman is known for developing new technologies and solutions to address the evolving needs of its customers and the market.
INEOS GROUP
INEOS is a multinational chemical company that operates in various sectors, including petrochemicals, specialty chemicals, and oil and gas exploration. As of my last knowledge update in January 2022, here are some key points about INEOS:
Formation and Ownership: INEOS was founded in 1998 by Sir Jim Ratcliffe, who remains a prominent figure in the company. The name “INEOS” is derived from the company’s slogan “INspec Ethylene Oxide Specialties.” The company has grown rapidly through acquisitions and investments. Innovation: INEOS emphasizes innovation and research and development in its operations. The company works on developing new technologies and products to meet the evolving needs of its customers and the market.
SABIC
SABIC, or the Saudi Basic Industries Corporation, is a global chemical and petrochemical company headquartered in Riyadh, Saudi Arabia. As of my last knowledge update in January 2022, here are some key points about SABIC:
Formation and Ownership: SABIC was established in 1976 by the Saudi Arabian government to diversify the country’s economy. It is one of the largest petrochemical companies globally. The Saudi government remains a major shareholder in SABIC. Product Range: SABIC is known for its diverse range of products, including chemicals, plastics, agri-nutrients, metals, and specialties. The company produces a wide array of petrochemicals used in various industries, including automotive, construction, packaging, healthcare, and agriculture.
SASOL
Sasol Limited is an integrated energy and chemical company based in South Africa. As of my last knowledge update in January 2022, It’s important to note that the information provided is based on my knowledge as of January 2022, and there may have been developments or changes since then. For the latest and most accurate information, it is advisable to check Sasol’s official website or recent news sources.
Formation and History: Sasol was established in 1950 and played a crucial role in South Africa’s economic development. It initially focused on coal-to-liquids (CTL) technology to produce synthetic fuels. Synthetic Fuels: Sasol is a pioneer in the production of synthetic fuels, including synthetic crude oil and diesel, using its proprietary Fischer-Tropsch technology. This technology allows the conversion of coal or natural gas into liquid hydrocarbons. Chemicals: Sasol is a significant player in the global chemical industry, producing a wide range of products, including polymers, solvents, surfactants, and specialty chemicals. The company’s chemical products find applications in various industries, such as agriculture, automotive, and consumer goods.
Mitsubishi Chemical Corporation
Mitsubishi Chemical Corporation (MCC) is a major Japanese multinational chemical company with a diverse range of products and services. Corporate Overview: Mitsubishi Chemical Corporation is a core company within the Mitsubishi Chemical Holdings Corporation (MCHC) group. MCHC is a major player in the chemical industry and operates as a part of the larger Mitsubishi Group, a conglomerate with diverse business interests.
History: The origins of Mitsubishi Chemical Corporation can be traced back to the establishment of Mitsubishi Kasei Corporation in 1934. Over the years, the company has undergone various changes and expansions, evolving into a global chemical enterprise. Corporate Social Responsibility (CSR): Mitsubishi Chemical Corporation is committed to corporate social responsibility, encompassing ethical business practices, environmental stewardship, and community engagement.
PETRONAS Chemicals Group Berhad
PETRONAS Chemicals Group Berhad is a Malaysian multinational chemicals company headquartered in Kuala Lumpur, Malaysia. Founded in 1995, it produces a variety of chemicals, including olefins, polymers, and fertilizers.
Formation and Ownership: PETRONAS Chemicals Group was formed in 2010 as a result of the integration of several chemical companies under PETRONAS. It operates as a subsidiary of PETRONAS, which is Malaysia’s national oil and gas company. Corporate Social Responsibility (CSR): PCG is actively involved in CSR activities, focusing on education, community development, and environmental conservation. Financial Performance: As a publicly traded company, PCG’s financial performance is subject to market conditions. Investors and stakeholders can access the company’s financial reports and statements for the latest information on its financial standing
OQ Chemicals GmbH
Formerly known as OXEA, OQ Chemicals GmbH is a German limited liability company and a subsidiary of OQ, an integrated energy company based in Oman. OQ Chemicals is a global leader in the production and sale of oxo chemicals, which are chemicals derived from aldehydes through the Oxo process.
Their product portfolio includes over 70 oxo intermediates and derivatives, used in various applications like coatings, lubricants, cosmetics, and plastics. They have a global presence with production facilities in Germany, USA, China, and the Netherlands.
Formosa Plastics Corporation, U.S.A.
Formosa Plastics Corporation, U.S.A. (FPC USA) is a subsidiary of Formosa Plastics Corporation, a major Taiwanese conglomerate with interests in the petrochemical industry. Ownership and Background: Formosa Plastics Corporation, U.S.A. is a subsidiary of Formosa Plastics Corporation based in Taiwan. Formosa Plastics Corporation is a diversified company with business operations in various sectors, including petrochemicals, plastics, and manufacturing.
Location: FPC USA operates in the United States, with manufacturing facilities located in Point Comfort, Texas, and Baton Rouge, Louisiana. These facilities are strategically positioned to serve the North American market. Business Activities: FPC USA is primarily involved in the production of a variety of petrochemical and plastic products. The company’s product portfolio includes olefins, polyolefins, vinyls, and specialty chemicals. These products have applications in industries such as construction, automotive, packaging, and more.
KH Neochem Co., Ltd
KH Neochem Co., Ltd. is a global chemical company based in Japan. KH Neochem Co., Ltd. is a specialty chemical manufacturer that produces a diverse range of products for various industries. The company focuses on the development and production of specialty chemicals that find applications in areas such as cosmetics, lubricants, plastics, pharmaceuticals, and more.
Research and Development: KH Neochem places a strong emphasis on research and development (R&D) to innovate and develop new products. This focus on R&D enables the company to stay competitive and meet the evolving needs of its customers. Sustainability Initiatives: Many modern chemical companies, including KH Neochem, are actively involved in sustainability initiatives. This may include efforts to reduce environmental impact, enhance resource efficiency, and develop environmentally friendly products.
MERCK KGAA
Merck KGaA, commonly known as Merck Group, is a multinational science and technology company headquartered in Darmstadt, Germany. Merck KGaA is a leading science and technology company that operates in the healthcare, life sciences, and performance materials sectors. The company has a rich history, dating back to its founding in 1668.
Merck Group vs. Merck & Co.: It’s important to note that there are two separate companies with the name “Merck.” Merck KGaA is based in Germany and operates as the original Merck, founded in 1668. Merck & Co., Inc., based in the United States, is a different company that originated from a subsidiary of Merck KGaA. Corporate Social Responsibility (CSR): Merck KGaA engages in various CSR activities, including efforts to improve access to healthcare, support education and scientific research, and contribute to social and environmental sustainability. Financial Performance: Merck KGaA is a publicly traded company, and information about its financial performance, including annual reports and financial statements, is available to the public
Anhui Shuguang Chemical Group
Anhui Shuguang Chemical Group Co., Ltd. is somewhat limited, and specific details may have evolved since then. Anhui Shuguang Chemical Group is a Chinese chemical company. Anhui Shuguang Chemical Group Co., Ltd. is a chemical company based in Anhui Province, China. The company operates in the chemical manufacturing industry and is involved in the production of various chemicals for different applications.
Product Range: The company’s product portfolio likely includes a range of chemical products, but specific details about the types of chemicals or products they manufacture may require checking their official documents, website, or recent announcements. Industry Focus: Chemical companies often operate in diverse segments, including the production of basic chemicals, petrochemicals, specialty chemicals, and other related products. Understanding the specific focus of Anhui Shuguang Chemical Group would require accessing detailed information from authoritative sources.
Vizag Chemical
Vizag Chemical could refer to a variety of companies or entities. The term may be used by multiple businesses or entities operating in different industries, and the specific company you are referring to would depend on the context. Vizag is often associated with Visakhapatnam, a port city in the state of Andhra Pradesh, India.
If you are looking for information about a specific Vizag Chemical company, it would be helpful to provide additional details such as the full name of the company, its industry, or any other identifying information. This could include checking the company’s official website, industry databases, or financial reports for the most accurate and up-to-date information.
Conclusion
The N-butanol market is expected to see steady growth in the coming years. Rising demand from its use in paints, coatings, plastics, and potentially as a biofuel, will drive the market forward. Additionally, post-pandemic recovery and ongoing research and development are poised to create new applications and increase production capacity. However, the market faces challenges from price fluctuations and competition from established alternatives.
