Tert-Butanol Market: Industry Analysis and Forecast 2021-2027: By Product Type, End-user, Application and Region.

Tert-Butanol Market is anticipated to reach US$ 615 Mn. by 2027 from US$ 490 Mn. in 2020 at a CAGR of 3.86 % during a forecast period. Tert-Butanol (CH3)3COH is a colorless organic molecule that melts around room temperature and is widely used as a solvent, ethanol denaturant, paint remover component, gasoline octane enhancer, and scent. T-butanol may be produced industrially via catalytic hydration of isobutylene. Tert-Butanol Market To know about the Research Methodology :- Request Free Sample Report In report, 2020 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Tert-Butanol Market Dynamics

Tert-butanol is gradually affecting the biomedical industry as a freezing agent, and it is seeing noticeable growth as a result of increased research activities, technological advancements, and an increasing number of applications in the pharmaceutical industry to blood samples, purified proteins, preserve vaccines, and a variety of other biological materials around the world. Excellent properties including perfect freezing agent, low toxicity, high vapor pressure, and low melting solvent are attracting a considerable market investment. The government's severe standards and controls on solvent emissions, on the other hand, limit the term butanol sector's growth. The usage of tert butanol as a flavoring agent, as well as increasing production of tert butanol as a co-solvent, are likely to drive the Tert-Butanol Market forward. Because nearly all manufactured goods rely on some form of chemical process, the global chemical industry has been steadily expanding. Tert-butanol is becoming a major auxiliary in the end-use sector as the need for chemicals grows. Pharmaceuticals, tastes & perfumes, manufacturing, and automotive applications are all driving the tert-butanol market. Tert-butanol is used in the production of medicinal substances as a freeze-drying agent. To remove ice or other frozen solvents from a substance, freeze-drying agents or the lyophilization process are utilized. Vaccines, blood samples, pure proteins, and other biological materials are all preserved using them. Manufacturers of tert-butanol are expected to benefit from an increase in demand for freeze-drying agents in the biotechnology and biomedical sectors to preserve vaccines, blood samples, purified proteins, and other biological materials. Strict regulatory criteria for VOC emissions, on the other hand, may hamper the Tert-Butanol Market's growth. Demand for tert-butanol is likely to be controlled over the forecast period due to a limited supply of propylene oxide, as well as stiff competition from bio-solvents and other easily accessible oxo-alcohols including n-butanol and isobutanol.

Tert-Butanol Market Segmentation Analysis

By Product Type, Pharmaceutical Grade is expected to grow at a CAGR of xx percent through 2020, with a market value of US$ XX Mn. From 2020 to 2027, it is expected to increase at a CAGR of xx percent. The key driver of growth is Tert-widespread Butanol's usage as a freeze-drying agent in the production of pharmaceuticals. Vaccines, pure proteins, blood samples, and biological materials are frequently stored in this manner. The growing demand for tert-butanol in the pharmaceutical and biotechnology sectors is likely to result in attractive prospects for tert-butanol production. The United States, Canada, Japan, China, and Europe are expected to fuel the worldwide Pharmaceuticals segment's 5.2 percent CAGR. By the end of the analysis period, these regional markets, which had a combined market value of US$434 million in 2020, may have grown to US$619.7 million. In this group of regional markets, China is expected to be one of the fastest-growing. The Asia-Pacific market is expected to reach US$349.6 million by 2027, led by countries like Australia, India, and South Korea, while Latin America can grow at a 6.9% CAGR during the forecast period. By End-User, Paints and coatings are expected to be the leading market, with revenue expected to grow at a CAGR of xx percent from 2020 to 2027. Tert-Butanol is well-suited for industrial usage and is commonly utilized as a solvent in paints and coatings applications on food containers, metal, and industrial cleaning solutions. Tert-butanol is a flexible solvent that decreases the viscosity of resin paints, increasing brushing ability and paint flow. The construction sector's growth in India, ASEAN, and China, together with rising demand in the automotive industry, is expected to boost the tert-butanol market over the forecast period. Tert-Butanol Market

Tert-Butanol Market Regional Insight

Asia Pacific is expected to dominate the Tert-Butanol Market in 2020, with a market share of xx percent, and is expected to grow at a CAGR of xx percent during the forecast period. The increase is mostly attributable to increased demand for paint and coatings in the building and vehicle industries, as well as extensive use in the processed food industry, particularly in India, Japan, China, and Taiwan. China has been identified as the world's largest producer and exporter of Tert-Butanol. China's market size was estimated to be US$ xx.xx Mn in 2020 and US$ xx.xx Mn. by 2027. Additionally, the preliminary impact of COVID-19 has had an unfavorable influence on market growth in this region, and it will take time for this region to recover from such an economic loss. In 2020, Europe had the greatest share of the global tert butanol market. Western European countries have made significant contributions to the region's tert butanol market growth. Besides, the pharmaceutical industry's increased R&D development spending, the popularity of niche fragrances, and the rise in demand for luxury perfumes, particularly in Western Europe, are expected to boost the tert-butanol market during the forecast period. Report Objectives: • Landscape analysis of the Tert-Butanol Market • competitive benchmarking • Past and current status of the industry with the forecasted market size and trends • Evaluation of potential key players that include market leaders, followers, and new entrants • Technology trends • Potential impact of micro-economic factors of the market • External and Internal factors affecting the market have been analysed The report also helps in understanding the Tert-Butanol Market dynamics, structure by analysing the market segments and projecting the Tert-Butanol Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Tert-Butanol Market make the report investor’s guide.

Tert-Butanol Market Scope: Inquiry Before Buying

Tert-Butanol Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 490 Mn.
Forecast Period 2021 to 2027 CAGR: 3.86  % Market Size in 2027: US $ 615 Mn.
Segments Covered: by Product Type • Pharmaceutical Grade • Chemical Grade
by End-User • Paints & Coatings • Flavors & Fragrance • Pharmaceuticals • Others
by Application • Solvents & Intermediates • Ethanol Denaturants • MTBEs & ETBEs • Methylmethacrylates [MMAs] • Others

Tert-Butanol Market by Region

• North America • Asia pacific • Europe • Middle East and Africa • South America

Tert-Butanol Market: Key Players

Appli Chem GmbH • Alfa Aesar • Avantor Performance Materials • Capot Chemical Co., Ltd. • Evonik Industries AG • Finar Limited • Kuraray Co., Ltd • Lotte Chemical Titan Corporation • LyondellBasell Industries Holdings B.V. • Maruzen Petrochemical • Merck KGaA • Sisco Research Laboratories Pvt. Ltd. • Struchem Co., Ltd. • Tiande Chemical Holdings Limited • Tokyo Chemical Industry Co., Ltd. • TonenGeneral Sekiyu K.K. • Zibo Qixiang Petrochemical Industry Group Co., Ltd. • Wanhua Chemical Group Co., Ltd. • ZiBo Haizheng Chemical Co., Ltd • MilliporeSigma • Mitsui Chemicals, Inc. • Sinopec Corp. Frequently Asked Questions 1. What is the projected market size & growth rate of Tert-Butanol Market? Ans- Tert-Butanol Market was valued at USD 490 million in 2020 and is projected to reach USD 615 million by 2027, growing at a CAGR of 3.86 % during the forecast period. 2. What are the key driving factor for the growth of Tert-Butanol Market? Ans- Tert-butanol is gradually affecting the biomedical industry as a freezing agent, and it is seeing noticeable growth as a result of technological advancements, increased research activities, and an increasing number of applications in the pharmaceutical industry. 3. Which Region accounted for the largest Tert-Butanol Market share? Ans- Asia Pacific is expected to dominate the Tert-Butanol Market in 2020, with a market share of XX percent, and is expected to grow at a CAGR of XX percent during the forecast period. 4. What makes Asia Pacific a Lucrative Market for Tert-Butanol Market? Ans- The increase is mostly attributable to increased demand for paint and coatings in the building and vehicle industries, as well as extensive use in the processed food industry, 5. What are the top players operating in Tert-Butanol Market? Ans- AppliChem GmbH, Alfa Aesar, Avantor Performance Materials, Capot Chemical Co., Ltd., Evonik Industries AG, and Finar Limited.
1. Global Tert-Butanol Market: Research Methodology 2. Global Tert-Butanol Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Tert-Butanol Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Tert-Butanol Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Tert-Butanol Market Segmentation 4.1 Global Tert-Butanol Market, By Product Type (2020-2027) • Pharmaceutical Grade • Chemical Grade 4.2 Global Tert-Butanol Market, By End-User (2020-2027) • Paints & Coatings • Flavors & Fragrance • Pharmaceuticals • Others 3.4. European Tert-Butanol Market, By Application (2020-2027) • Solvents & Intermediates • Ethanol Denaturants • MTBEs & ETBEs • Methylmethacrylates [MMAs] • Others 5. North America Tert-Butanol Market (2020-2027) 5.1 North American Tert-Butanol Market, By Product Type (2020-2027) • Pharmaceutical Grade • Chemical Grade 5.2 North America Tert-Butanol Market, By End-User (2020-2027) • Paints & Coatings • Flavors & Fragrance • Pharmaceuticals • Others 5.3. European Tert-Butanol Market, By Application (2020-2027) • Solvents & Intermediates • Ethanol Denaturants • MTBEs & ETBEs • Methylmethacrylates [MMAs] • Others 5.3 North America Tert-Butanol Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Tert-Butanol Market (2020-2027) 6.1. Asia Pacific Tert-Butanol Market, By Product Type (2020-2027) 6.2. Asia Pacific Tert-Butanol Market, By End-User (2020-2027) 6.3. European Tert-Butanol Market, By Application (2020-2027) 6.4. Asia Pacific Tert-Butanol Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Tert-Butanol Market (2020-2027) 7.1. Middle East and Africa Tert-Butanol Market, By Product Type (2020-2027) 7.2. Middle East and Africa Tert-Butanol Market, By End-User (2020-2027) 7.3. European Tert-Butanol Market, By Application (2020-2027) 7.4. Middle East and Africa Tert-Butanol Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Tert-Butanol Market (2020-2027) 8.1. Latin America Tert-Butanol Market, By Product Type (2020-2027) 8.2. Latin America Tert-Butanol Market, By End-User (2020-2027) 8.3. European Tert-Butanol Market, By Application (2020-2027) 8.4 Latin America Tert-Butanol Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Tert-Butanol Market (2020-2027) 9.1. European Tert-Butanol Market, By Product Type (2020-2027) 9.2. European Tert-Butanol Market, By End-User (2020-2027) 9.3. European Tert-Butanol Market, By Application (2020-2027) 9.4 European Tert-Butanol Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. AppliChem GmbH 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. AppliChem GmbH 10.3. Alfa Aesar 10.4. Avantor Performance Materials 10.5. Capot Chemical Co., Ltd. 10.6. Evonik Industries AG 10.7. Finar Limited 10.8. Kuraray Co., Ltd 10.9. Lotte Chemical Titan Corporation 10.10. LyondellBasell Industries Holdings B.V. 10.11. Maruzen Petrochemical 10.12. Merck KGaA 10.13. Sisco Research Laboratories Pvt. Ltd. 10.14. Struchem Co., Ltd. 10.15. Tiande Chemical Holdings Limited 10.16. Tokyo Chemical Industry Co., Ltd. 10.17. TonenGeneral Sekiyu K.K. 10.18. Zibo Qixiang Petrochemical Industry Group Co., Ltd. 10.19. Wanhua Chemical Group Co., Ltd. 10.20. Zibo Haizheng Chemical Co., Ltd 10.21. MilliporeSigma 10.22. Mitsui Chemicals, Inc. 10.23. Sinopec Corp.

About This Report

Report ID 62632
Category Material & Chemical
Published Date April 2020
Updated Date Dec 2021
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