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Tert-Butanol Market

Global Tert-Butanol Market Share, Report, Forecast, Outlook: By Application: Solvents & Intermediates, Ethanol Denaturant, MTBE & ETBE, Methylmethacrylate, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032

Global Tert-Butanol Market Outlook

The global tert-butanol market attained a value of USD 544.42 million in 2023. The tert-butanol market is expected to reach USD 716.31 million by 2032, growing at a CAGR of 3.1% during the forecast period of 2024-2032.

 

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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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 
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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 (2018-2023) 
    8.3    Global Tert-Butanol Market Forecast (2024-2032)
    8.4    Global Tert-Butanol Market by Application
        8.4.1    Solvents & Intermediates
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Ethanol Denaturant
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    MTBE & ETBE
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Methylmethacrylate
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others   
    8.5    Global Tert-Butanol Market by Region
        8.5.1    North America
            8.5.1.1    Historical Trend (2018-2023) 
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Europe
            8.5.2.1    Historical Trend (2018-2023) 
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Asia Pacific
            8.5.3.1    Historical Trend (2018-2023) 
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Latin America
            8.5.4.1    Historical Trend (2018-2023) 
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Middle East and Africa
            8.5.5.1    Historical Trend (2018-2023) 
            8.5.5.2    Forecast Trend (2024-2032)
9    North America  Tert-Butanol Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Tert-Butanol Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific  Tert-Butanol Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Tert-Butanol Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Tert-Butanol Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    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 2032
2.    Global Tert-Butanol Historical Market: Breakup by Application (USD Million), 2018-2023
3.    Global Tert-Butanol Market Forecast: Breakup by Application (USD Million), 2024-2032
4.    Global Tert-Butanol Historical Market: Breakup by Region (USD Million), 2018-2023
5.    Global Tert-Butanol Market Forecast: Breakup by Region (USD Million), 2024-2032
6.    North America Tert-Butanol Historical Market: Breakup by Country (USD Million), 2018-2023
7.    North America Tert-Butanol Market Forecast: Breakup by Country (USD Million), 2024-2032
8.    Europe Tert-Butanol Historical Market: Breakup by Country (USD Million), 2018-2023
9.    Europe Tert-Butanol Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Asia Pacific Tert-Butanol Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Asia Pacific Tert-Butanol Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Latin America Tert-Butanol Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Latin America Tert-Butanol Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Middle East and Africa Tert-Butanol Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Middle East and Africa Tert-Butanol Market Forecast: Breakup by Country (USD Million), 2024-2032
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 2023, the global tert-butanol market attained a value of nearly USD 544.42 million.

The market is projected to grow at a CAGR of 3.1% between 2024 and 2032.

The market is estimated to grow in the forecast period of 2024-2032 to reach about USD 716.31 million by 2032.

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

The key trends guiding the growth of the tert-butanol market include the growing product demand as a freeze-drying agent in pharmaceutical and biomedical sectors and growing research and development activities.

The major regions in the market 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, among others, are the leading applications of the product in the market.

The major players in the market 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 544.42 million in 2023, 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 2024-2032, growing at a CAGR of 3.1%. The tert-butanol industry is projected to reach USD 716.31 million by 2032.

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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