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World - Butanol - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jun 8, 2021

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IndexBox has just published a new report: 'World - Butanol - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The global butanol market is forecast to see a pronounced recovery in 2021. The increased demand for butyl acetate and butyl acrylate, which together comprise over half of the butanol consumption, emerges as a key butanol market driver amid the current construction boom in Asia, the U.S., Russia and Europe. The use of butanol as an alternative fuel may also accelerate the market expansion. The possibility to derive biobutanol from food waste and the emerging technology to obtain butanol from CO2 shape promising investment prospects, following the shift to a circular economy.  

Key Trends and Insights

The global butanol market, including n‑butanol and its isomers, declined by 6% y-o-y to 3.7M tonnes in 2020 (IndexBox estimates) due to the stagnation seen in the paint and varnish sector, the manufacture of plasticizing and stabilizing agents, perfume products and some other chemical industry segments during the pandemic. 

Butanol demand from the chemical industry is starting to recover in 2021, as Covid restrictions ease and global economic performance improves. Butanol consumption is projected to regain pre-crisis figures in 2021, due to the current robust demand from the manufacture of butyl acetate and butyl acrylate, spurred by the construction boom in the U.S., Asian countries, the EU and Russia. 

Increasing demand for green fuels could rapidly accelerate the expansion of the butanol market, as butanol is a highly efficient sustainable form of fuel. Compared with ethanol, butanol releases more energy during the combustion process, is less volatile and hygroscopic, and is also more convenient in terms of storage and transportation. Butanol is a non-corrosive substance and thus can be supplied via existing pipelines; it can also be used in vehicle transportation in its pure form or mixed with other forms of fuel, such as biodiesel. 

Recently, the focus has shifted to the up-and-coming technology used to obtain biobutanol from food waste. According to the UN report, the world annually generates approx. 931M tonnes of food waste. As biobutanol production from agricultural resources, such as grain, remains unprofitable commercially, the processing of food waste to derive biobutanol may yet present a profit-promising area of alternative energy investments. 

Obtaining butanol from CO2 via syngas synthesis is now emerging as even a more promising technology. Butanol production from CO2 and water is currently at the R&D stage, but several major chemical corporations and governments, e.g. Germany, are investing heavily into this process. The global shift to improved carbon capture, utilization and storage should make this technology particularly promising in case it reaches commercial viability.

Global Butanol Production

In 2020, after four years of growth, there was a significant decline in the production of butanols, when its volume decreased by -6.2% to 3.7M tonnes. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 3.5% year-to-year. Over the period under review, global production attained the peak volume at 3.9M tonnes in 2019 and then declined in the following year.

In value terms, butanol production dropped to $3.6B in 2020 estimated in export prices. Overall, production, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 16% year-to-year. Over the period under review, global production hit record highs at $4.6B in 2014; however, from 2015 to 2020, production failed to regain momentum.

The countries with the highest volumes of butanol production in 2020 were the U.S. (678K tonnes), China (513K tonnes) and Russia (239K tonnes), with a combined 39% share of global production (IndexBox estimates).

From 2012 to 2020, the most notable rate of growth in terms of butanol production, amongst the key producing countries, was attained by China (+59.0% per year), while butanol production for the other global leaders experienced more modest paces of growth.

Global Butanol Imports

In 2020, global butanol imports fell sharply to 1.1M tonnes, with a decrease of -18.1% on 2019 figures. In value terms, butanol imports fell notably to $847M in 2020. 

China was the key importer of butanols in the world, with the volume of imports reaching 351K tonnes, which was near 33% of total imports in 2020. It was distantly followed by Germany (148K tonnes), South Korea (117K tonnes) and India (109K tonnes), together committing a 35% share of total imports. Belgium (45K tonnes), Indonesia (31K tonnes), the U.S. (25K tonnes), the UK (24K tonnes) and Italy (24K tonnes) took a minor share of total imports.

From 2012 to 2020, average annual rates of growth with regard to butanol imports into China stood at -8.4%. At the same time, South Korea (+17.7%), India (+4.5%) and Germany (+1.5%) displayed positive paces of growth. By contrast, the UK (-2.3%), Indonesia (-4.0%), the U.S. (-9.4%) and Belgium (-16.8%) illustrated a downward trend over the same period. 

In value terms, China ($226M) constitutes the largest market for imported butanols worldwide, comprising 27% of global imports. The second position in the ranking was occupied by Germany ($111M), with a 13% share of global imports. It was followed by India, with an 11% share.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 20142230 - Butan-1-ol (n-butyl alcohol)
• Prodcom 20142240 - Butanols (excluding butan-1-ol (n-butyl alcohol))

This report provides an in-depth analysis of the global butanol market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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