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Global Tert-Butanol Market: By Application: Solvents & Intermediates, Ethanol Denaturant, MTBE & ETBE, Methylmethacrylate (MMA), Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Tert-Butanol Market Outlook

The global tert-butanol market attained a value of USD 490 million in 2020. The tert-butanol market is expected to reach USD 590 million by 2026, growing at a CAGR of 3.86% during the forecast period of 2022-2027.

 

Global Tert-Butanol Market

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The global chemical industry has been steadily increasing, as virtually all manufactured goods depend on some form of a chemical process. Tert-butanol is moving towards being an essential ancillary in the end-use sector with the growing demand for chemicals. The tert-butanol market is gaining momentum from applications across various industries such as pharmaceuticals, flavours and fragrances, manufacturing, and automotive. Such product diversity means the tert-butanol market enjoys a symbiotic relationship with end-use sectors.

 

Global Tert-Butanol Market: Properties and Applications

Tert-butanol is a tertiary alcohol substituted at the second position by an isobutane group of hydroxy. It is one of butanol's four isomers.

 

Global Tert-Butanol Market By Application

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The tert-butanol market can be divided based on applications into:

  • Solvents and Intermediates
  • Ethanol Denaturant
  • MTBE and ETBE
  • Methylmethacrylate (MMA)
  • Others

The EMR report looks into the regional tert-butanol markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Tert-Butanol Market By Region

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Global Tert-Butanol Market Analysis

Tert-butanol is steadily making its way into the biomedical industry as the preferable freezing agent. The constantly evolving nature of the pharmaceutical industry and the increase of research activities has made it necessary to conserve vaccines, blood samples, purified proteins, and many other biological materials. As a high vapour pressure, low toxicity, and low melting solvent, tert-butanol serves as an optimal freezing agent. Manufacturers capitalize on this trend by strengthening their ties and working with the pharmaceutical industry's raw material providers and service providers to exploit the full potential of the tert-butanol market. The production of high purity grade tert-butanol, suitable for pharmaceutical applications, is given considerable importance due to the high demand for the product.

 

Global Tert-Butanol Market: Competitive Landscape

The report presents a detailed analysis of the following key players in the global tert-butanol market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • LyondellBasell Industries N.V.
  • Evonik Industries AG
  • ZiBo Haizheng Chemical Co.,Ltd
  • Lotte Chemical Titan Holding Berhad
  • Wanhua Chemical Group Co., Ltd.   
  • Others

The EMR report gives an in-depth insight into the tert-butanol market by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region
Breakup by Application Solvents & Intermediates, Ethanol Denaturant, MTBE & ETBE, Methylmethacrylate (MMA), Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered LyondellBasell Industries N.V., Evonik Industries AG, ZiBo Haizheng Chemical Co.,Ltd, Lotte Chemical Titan Holding Berhad, Wanhua Chemical Group Co., Ltd., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Tert-Butanol Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Tert-Butanol Historical Market (2017-2021) 
    8.3    Global Tert-Butanol Market Forecast (2022-2027)
    8.4    Global Tert-Butanol Market by Application
        8.4.1    Solvents & Intermediates
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Ethanol Denaturant
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    MTBE & ETBE
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Methylmethacrylate
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Others
    8.5    Global Tert-Butanol Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    LyondellBasell Industries N.V.
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Evonik Industries AG
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3     ZiBo Haizheng Chemical Co.,Ltd
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Lotte Chemical Titan Holding Berhad
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Wanhua Chemical Group Co., Ltd.    
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Others
14    Industry Events and Developments


List of Figures and Tables

1.    Global Tert-Butanol Market: Key Industry Highlights, 2016 and 2026
2.    Global Tert-Butanol Historical Market: Breakup by Application (USD Million), 2017-2021
3.    Global Tert-Butanol Market Forecast: Breakup by Application (USD Million), 2022-2027
4.    Global Tert-Butanol Historical Market: Breakup by Region (USD Million), 2017-2021
5.    Global Tert-Butanol Market Forecast: Breakup by Region (USD Million), 2022-2027
6.    North America Tert-Butanol Historical Market: Breakup by Country (USD Million), 2017-2021
7.    North America Tert-Butanol Market Forecast: Breakup by Country (USD Million), 2022-2027
8.    Europe Tert-Butanol Historical Market: Breakup by Country (USD Million), 2017-2021
9.    Europe Tert-Butanol Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Asia Pacific Tert-Butanol Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Asia Pacific Tert-Butanol Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Latin America Tert-Butanol Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Latin America Tert-Butanol Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Middle East and Africa Tert-Butanol Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Middle East and Africa Tert-Butanol Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    North America Historical Price Trends and Forecast 2017-2027
17.    Europe Historical Price Trends and Forecast 2017-2027
18.    Asia Pacific Historical Price Trends and Forecast 2017-2027
19.    Latin America Historical Price Trends and Forecast 2017-2027
20.    Middle East and Africa Historical Price Trends and Forecast 2017-2027
21.    Major Exporting Countries by Value
22.    Major Importing Countries by Value
23.    Major Exporting Countries by Volume
24.    Major Importing Countries by Volume
25.    Global Tert-Butanol Market Structure

Key Questions Answered in the Report

In 2020, the global tert-butanol market attained a value of nearly USD 490 million.

The market is projected to grow at a CAGR of 3.86% between 2021 and 2026.

The market is estimated to grow in the forecast period of 2022-2027 to reach about USD 590 million by 2026.

The major drivers of the industry, such as the expanding applications of t-butanol as a solvent, particularly in paints and coatings, growing industrialisation, rising demand from the developing regions, booming construction industry, and technological advancements, are expected to aid the market growth.

The key market trends guiding the growth of the tert-butanol industry include the growing product demand as a freeze-drying agent in pharmaceutical or biomedical industry and growing R&D activities.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Solvents and intermediates, ethanol denaturant, MTBE and ETBE, and methylmethacrylate (MMA), among others, are the leading applications of the product in the industry.

The major players in the industry are LyondellBasell Industries N.V., Evonik Industries AG, ZiBo Haizheng Chemical Co.,Ltd, Lotte Chemical Titan Holding Berhad, and Wanhua Chemical Group Co., Ltd., among others.

Analyst Review

The global tert-butanol market attained a value of USD 490 million in 2020, driven by the rapid technological advancements and expanding applications in various industries. Aided by the increasing utilisation as a freezing agent, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 3.86%. The tert-butanol industry is projected to reach USD 590 million by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the industry can be segmented into solvents and intermediates, ethanol denaturant, MTBE and ETBE, and methylmethacrylate (MMA), among others. The major regional markets for tert-butanol are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include LyondellBasell Industries N.V., Evonik Industries AG, ZiBo Haizheng Chemical Co.,Ltd, Lotte Chemical Titan Holding Berhad, and Wanhua Chemical Group Co., Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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