The global tert-butanol market will be boosted by increasing investments and their various applications during the forecast period 2021-2026

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Expert Market Research’s new report titled “Global Tert-Butanol Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026” provides an in-depth analysis of the global market. tert-butanol market, assessing the market based on its segments such as applications, manufacturing process, and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2016-2026)

  • Historical market size (2020): 490 million USD
  • Forecast CAGR (2021-2026): 86%
  • Forecasted market size (2026): 590 million USD

The increasing use of tert-butanol in various application sectors is an important factor allowing the tert-butanol industry to grow. The global growth of the personal care industry, combined with growing innovation in the industry and its downstream sectors, is further propelling the tert-butanol industry forward. Tert-butanol is rapidly gaining market share in the biomedical industry as the preferred freezing agent. Due to the ever-changing nature of the pharmaceutical industry and increasing research activity, vaccines, blood samples, purified proteins and a variety of other biological materials must be stored – tert-butanol freezes extremely well due to its high vapor pressure, low toxicity and low melting point. Manufacturers are capitalizing on this trend by strengthening their links and collaborations with suppliers of raw materials and services to the pharmaceutical industry in order to maximize the potential of the tert-butanol market. Industrial applications of tert-butanol are expected to drive the market growth over the forecast period.

Industry definition and major segments

Tert-butanol is a tertiary alcohol that contains an isobutane hydroxy group in the second position. It is one of the four isomers of butanol. It is a versatile solvent with excellent solvation properties that is well suited for a wide variety of industrial and large-scale applications. It is a colorless substance. It is produced commercially as a by-product of the isobutane-propylene oxide process. Tert-Butanol is a nonpolar protic solvent that is frequently used as a paint stripper, ethanol denaturant, and octane booster and oxygenator for gasoline. It is frequently used as a chemical intermediate in the manufacture of various products.

By Application, the market is split into:

  • Solvents and intermediaries
  • Ethanol Denaturing
  • MTBE and ETBE
  • Methyl methacrylate (MMA)
  • Others

By region, the industry is classified into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

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Market trends

The competitive landscape of the global tert-butanol market is quite fragmented. This fragmentation results from the growing presence of several recognized players on the world stage. The competition in the global market is expected to intensify during the forecast period. Many factors are expected to contribute to the growth of the global tert-butanol market. Chemical processes are becoming increasingly important in a variety of industries. As a result, the increased demand for hydrocarbons such as tert-butanol has made the product a bigger player in the market. Additionally, it is a versatile solvent with exceptional solvating properties, making it ideal for various industrial and large-scale applications. As a result, the tert-butanol market is expected to grow rapidly in the coming years. However, stringent regulatory restrictions on VOC emissions may restrain the projected year-over-year growth of the Tert-Butanol market. In addition, investments in the chemical industry have increased significantly in recent years. This too is expected to give a significant impetus to the overall development of the global market.

China is the largest consumer of tert-butanol in Asia-Pacific. The demand for protective coatings is expected to increase in the coming years due to population growth, urbanization and industrialization in the construction and automotive sectors. This is expected to drive the tert-butanol market over the forecast period. India is expected to offer exciting opportunities for tert-butanol producers in the coming years. Significant real estate development and rapid industrialization are expected to increase demand for tert-butanol in the region. Rising demand for perfumes, air fresheners and toiletries in emerging economies such as India, China and Vietnam is expected to drive the demand for tert-butanol during the forecast period. Europe and North America is another important region in terms of the use of tert-butanol. The demand for tert-butanol is growing in the automotive and construction paint and coatings industries in the region, as the demand for performance coatings for vehicle refinishing and architectural coatings increases. The tert-butanol market is expected to benefit from increasing pharmaceutical R&D spending, growing popularity of niche fragrances, and increased demand for high-end fragrances, especially in Europe and North America, over the course of the forecast period.

Main market players

The major market players are LyondellBasell Industries Holdings NV, Evonik Industries AG, ZiBo Haizheng Chemical Co., Ltd., Lotte Chemical Titan Corporation, Wanhua Chemical Group Co., Ltd., among others. The report covers market shares, capacities, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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