Tert-Butanol Market: Industry Analysis and Forecast (2024-2030)

Tert-Butanol Market is anticipated to reach US$ 715.60 Mn. by 2030 from US$ 548.95 Mn. in 2023 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.To know about the Research Methodology :- Request Free Sample Report

In report, 2022 is considered a base year however 2022’s numbers are on the real output of the companies in the market. Special attention is given to 2022 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.
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 2022, with a market value of US$ xx Mn. From 2022 to 2029, 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 2022, 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 2029, 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 2022 to 2029. 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.
Regional Insight
Asia Pacific is expected to dominate the Tert-Butanol Market in 2023, 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 2023 and US$ xx.xx Mn. by 2030. 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 2022, 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:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 548.95 Mn.


Forecast Period 2024 to 2030 CAGR:
3.86%
Market Size in 2030:
US $ 715.60 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 Key Players
1. Appli Chem GmbH
2. Alfa Aesar
3. Avantor Performance Materials
4. Capot Chemical Co., Ltd.
5. Evonik Industries AG
6. Finar Limited
7. Kuraray Co., Ltd
8. Lotte Chemical Titan Corporation
9. LyondellBasell Industries Holdings B.V.
10.Maruzen Petrochemical
11.Merck KGaA
12.Sisco Research Laboratories Pvt. Ltd.
13.Struchem Co., Ltd.
14.Tiande Chemical Holdings Limited
15.Tokyo Chemical Industry Co., Ltd.
16.TonenGeneral Sekiyu K.K.
17.Zibo Qixiang Petrochemical Industry Group Co., Ltd.
18.Wanhua Chemical Group Co., Ltd.
19.ZiBo Haizheng Chemical Co., Ltd
20.MilliporeSigma
21.Mitsui Chemicals, Inc.
22.Sinopec Corp.

Frequently Asked Questions:

1. Which region has the largest share in Global Tert-Butanol Market?
Ans: Asia Pacific region held the highest share in 2023.

2. What is the growth rate of Global Tert-Butanol Market?
Ans: The Global Tert-Butanol Market is growing at a CAGR of 3.86% during forecasting period 2024-2030

3. What is scope of the Global Tert-Butanol Market report?
Ans: Global Tert-Butanol Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Tert-Butanol Market?
Ans: The important key players in the Global Tert-Butanol Market are – 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., and Sinopec Corp.

5. What is the study period of this Market?
Ans: The Global Tert-Butanol Market is studied from 2023 to 2030