Reports
Global Tert-Butanol Market: By Application: Solvents & Intermediates, Ethanol Denaturant, MTBE & ETBE, Methylmethacrylate (MMA), Others; Regional Analysis; Historical Market and Forecast (2018-2028); 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 528.56 million in 2022. The tert-butanol market is expected to reach USD 636.43 million by 2028, growing at a CAGR of 3.0% during the forecast period of 2023-2028.
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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.
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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.
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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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Tert-Butanol Market Analysis
8.1 Key Industry Highlights
8.2 Global Tert-Butanol Historical Market (2018-2022)
8.3 Global Tert-Butanol Market Forecast (2023-2028)
8.4 Global Tert-Butanol Market by Application
8.4.1 Solvents & Intermediates
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Ethanol Denaturant
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 MTBE & ETBE
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Methylmethacrylate
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Tert-Butanol Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
9 North America Tert-Butanol Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Tert-Butanol Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Tert-Butanol Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Tert-Butanol Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Tert-Butanol Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 LyondellBasell Industries N.V.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Evonik Industries AG
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 ZiBo Haizheng Chemical Co.,Ltd
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Lotte Chemical Titan Holding Berhad
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Wanhua Chemical Group Co., Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.3.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Tert-Butanol Market: Key Industry Highlights, 2018 and 2028
2. Global Tert-Butanol Historical Market: Breakup by Application (USD Million), 2018-2022
3. Global Tert-Butanol Market Forecast: Breakup by Application (USD Million), 2023-2028
4. Global Tert-Butanol Historical Market: Breakup by Region (USD Million), 2018-2022
5. Global Tert-Butanol Market Forecast: Breakup by Region (USD Million), 2023-2028
6. North America Tert-Butanol Historical Market: Breakup by Country (USD Million), 2018-2022
7. North America Tert-Butanol Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Europe Tert-Butanol Historical Market: Breakup by Country (USD Million), 2018-2022
9. Europe Tert-Butanol Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Asia Pacific Tert-Butanol Historical Market: Breakup by Country (USD Million), 2018-2022
11. Asia Pacific Tert-Butanol Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Latin America Tert-Butanol Historical Market: Breakup by Country (USD Million), 2018-2022
13. Latin America Tert-Butanol Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Middle East and Africa Tert-Butanol Historical Market: Breakup by Country (USD Million), 2018-2022
15. Middle East and Africa Tert-Butanol Market Forecast: Breakup by Country (USD Million), 2023-2028
16. North America Historical Price Trends and Forecast 2018-2028
17. Europe Historical Price Trends and Forecast 2018-2028
18. Asia Pacific Historical Price Trends and Forecast 2018-2028
19. Latin America Historical Price Trends and Forecast 2018-2028
20. Middle East and Africa Historical Price Trends and Forecast 2018-2028
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 2022, the global tert-butanol market attained a value of nearly USD 528.56 million.
The market is projected to grow at a CAGR of 3.0% between 2023 and 2028.
The market is estimated to grow in the forecast period of 2023-2028 to reach about USD 636.43 million by 2028.
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 528.56 million in 2022, 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 2023-2028, growing at a CAGR of 3.0%. The tert-butanol industry is projected to reach USD 636.43 million by 2028.
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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