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市場調查報告書
商品編碼
1585120
全球正丁醇市場:按等級、按分銷管道、按原料、按應用、按最終用途行業、按地區 - 預測(至 2029 年)n-Butanol Market by Grade (Industrial, Pharmaceutical), Distribution Channel, Feedstock, Application (Butyl Carboxylate, Direct Solvents, Specialty Chemicals, Rubber & Plasticizers), End-Use Industry and Region - Global Forecast to 2029 |
全球正丁醇市場規模預計將從2024年的56.3億美元增加到2029年的75億美元,預測期內複合年成長率為5.9%。
調查範圍 | |
---|---|
調查年份 | 2018-2029 |
基準年 | 2023年 |
預測期 | 2024-2029 |
單元 | 美元 |
部分 | 牌號、通路、原料、應用、最終用途產業、地區 |
目標區域 | 北美、歐洲、亞太地區、中東/非洲 |
“都市化加快,基礎設施建設不斷發展”
都市化和基礎設施發展將推動全球正丁醇市場。各國為促進經濟發展而進行的基礎設施擴建創造了對油漆和塗料的巨大需求,從而為正丁醇引領產業提供了充足的機會。建築業是世界經濟的主要部門之一。已開發地區建築業佔GDP的比重為5%,發展中地區可達8%。根據美國人口普查,2019 年建設活動支出為 13,035 億美元。未來二十年,基礎設施支出將激增,預計到 2040 年全球年度支出將達到 3.7 兆美元。
基礎設施投資差距最大的地區是南美洲和非洲,未來潛力大。香港、台灣、韓國等亞洲國家已將建設作為振興經濟、融入全球經濟主流的手段。馬來西亞和中國也正在進行大型基礎設施計劃,旨在充分參與全球經濟。印度建築業是全國第三大經濟部門,也是僅次於農業的第二大就業雇主。預計到2025年將佔GDP的12-15%。
至2021年,歐盟境內住宅投資總額將佔GDP的5.6%。該百分比因成員國而異,低於歐盟整體水平,塞浦路斯為 7.6%,德國和芬蘭為 7.2%,希臘為 1.3%,愛爾蘭為 2.1%,拉脫維亞為 2.2%,波蘭為 2.3%。這體現了建設對區域穩定和發展的重要角色。建設活動的顯著增加,特別是在發展中地區,產生了對住宅和商業計劃高品質塗料的需求,導致正丁醇產品的消費量增加。
“按等級分類,在預測期內,工業領域將佔據最大的市場佔有率(按以金額為準) 。”
預測期內,工業領域在正丁醇市場中佔據最大佔有率,這主要是由於其在各行業的廣泛應用。塗料、黏劑和塑膠生產中對正丁醇作為溶劑和化學中間體的需求可能會導致該領域獲得吸引力。正丁醇的分子靈活性使其在廣泛用於油漆和塗料的丙烯酸丁酯和醋酸丁酯的製造過程中具有重要價值。
另一個重要領域是油漆和塗料行業。高性能塗料現已成為住宅和商業建築的一部分,建築業的成長也支持了這一需求。此外,正丁醇廣泛用於塑化劑和直接溶劑的生產,也增加了其市場佔有率。
工業界對永續性和低環境足跡的興趣日益濃厚,導致採用生物基正丁醇的趨勢日益明顯。工業領域的成長受益於世界各地日益成長的採用趨勢以及對環保生產流程的適應。總體而言,工業領域的主導地位恰如其分地體現了正丁醇在製造應用中的重要性及其滿足動態市場需求的能力。
本報告研究分析了全球正丁醇市場,提供了關鍵促進因素和限制因素、競爭格局和未來趨勢等資訊。
The market for n-butanol is projected to reach USD 7.50 billion by 2029, from USD 5.63 billion in 2024, at a CAGR of 5.9% during the forecast period
Scope of the Report | |
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Years Considered for the Study | 2018-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | USD |
Segments | Grade, Distribution Channel, Feedstock, Application, End-Use Industry and Region |
Regions covered | North America, Europe, APAC, MEA |
"Increase in urbanization and infrastructure development."
Urbanization and infrastructure development drive the global n-butanol market. Infrastructural expansion to facilitate economic development in the countries creates immense demand for paints and coatings, thereby providing opportunities enough for n-butanol to drive the industry. Construction is one of the leading sectors in the global economy. In developed regions, construction adds up to 5% of GDP and in developing regions, it is as high as 8%. According to the U.S. Census, in 2019, construction activities accounted for an expenditure of USD 1303.50 billion. In the coming two decades, the expenses on infrastructure are going to surge sharply, as the global annual spending is pegged at USD 3.7 trillion by 2040.
The areas with the most significant infrastructure investment gaps are South America and Africa, which have tremendous potential for the future. In Asian countries such as Hong Kong, Taiwan, and Korea construction has been used as a means of fueling their economies to join the world's economy mainstream. Malaysia and China are also resorting to highly massive infrastructure projects to become full participants in the global economy. India's construction sector ranks as the third biggest amongst the larger economic sectors of the country and the second largest employment generator, after agriculture. It is expected to add up to 12-15% of the GDP by 2025.
The total investment in dwellings within the European Union accounted for 5.6 % of GDP in 2021. The percentage of Member States was different: between 7.6 % in Cyprus and 7.2 % in Germany and Finland, at a lower level than that for the European Union as a whole, reached only 1.3 % in Greece, 2.1 % in Ireland, 2.2 % in Latvia and 2.3 % in Poland. It reflects construction's critical role in stability and growth in the region. A significant increase in construction activity, particularly in the developing regions, has created a demand for high-quality coatings for residential as well as commercial projects, resulting in increased consumption of n-butanol-based products.
"Based on grade, the industrial segment has the largest market share during the forecast period, in terms of value."
Industrial segment the largest share of the market in n-butanol for the forecast period, mainly due to its wide application in varied industries. Such a demand of n-butanol as the solvent and chemical intermediate in manufacture of coatings, adhesives, and plastic would provide this segment to emerge at the corner. This flexibility in the molecule makes n-butanol valuable in the manufacturing process for butyl acrylate and butyl acetate which are widely used in paints and coatings.
Another area of great importance is the paints and coatings industry. As high-performance coatings form part now of residential buildings and also of commercial ones, then the rise in the construction field also supports this demand more because industries demand finishes to be equally hard-wearing and aesthetically pleasing. Also, n-butanol is widely used to manufacture plasticizers and direct solvents, a point that contributes highly to its market presence.
Growing concerns over sustainability and low environmental footprint in industries have progressively led to an uptrend in the adoption of bio-based n-butanol. The growth of the industrial segment benefits from the uptrend trend in adoption besides being in line with the world's adaptation of greener production processes. In general, the leading status of the industrial segment adequately represents n-butanol's importance to manufacturing applications and its capabilities to meet dynamic market needs.
"Based on application, the direct solvent segment has the second largest market share during the forecast period, in terms of value."
The direct solvent segment is the second largest in terms of market share in the forecast period, with significant application usage. This segment will generate huge revenues due to wide n-butanol usage as a direct solvent, which is valued for good solvency properties and compatibility with most resins and binders. Such properties have made it an essential product in the manufacture of paints, coatings, emulsions, lacquers, and inks. Its higher evaporation rate and less toxicity than the conventional solvents make this product more attractive in industrial as well as consumer markets. The increasing demand for quality coatings in construction and automobile industries is showing a positive movement in both sectors as they look for efficient solvents that can bring about minimum restrictions on stiff environmental regulations for high performance. Prospects with leading industries on a shift toward sustainable practices and high-performance materials will make the direct solvent market for n-butanol explode enormously in the near future.
"Based on end-use industry, paints and coatings has the largest market share during the forecast period, in terms of value."
The paints and coatings industry is the biggest end-use sector that fuels the growth of the n-butanol market, primarily due to its excellent solvent properties as well as compatibility with many different resin compositions, n-Butanol is widely used in paint and coating formulations since it increases flow and lowers the viscosity. Thus, it prevents other problems like cobwebbing related to application. It is, therefore, a preferred solvent for industrial as well as consumer-grade coatings.
The increasing demand for n-butanol in paints and coatings continues to gain further momentum from growth in the construction and automotive sectors, where high-performance coatings are needed. An increase in urbanization and infrastructural initiatives spurred the growth, particularly in the rapidly growing regions durable and attractive coatings spur substantial consumption of n-butanol.
"Based on region, Asia Pacific is the largest market for n-butanol in 2023, in terms of value."
Asia Pacific market is projected to reach around 30.9% share of the global total market share during 2024, estimated around USD 1.25 billion by 2024. The market is expected to grow with a compound annual growth rate of 4.6% during 2024-2034. The largest volume usage of n-butanol in North America is primarily because of its use as a solvent that enhances the flow and application properties of several paints and coatings. Increased construction activity, primarily in residences and commercial buildings, continues to drive demand for n-butanol, an essential ingredient in high-end paints and coatings applied in these buildings.
The shale gas revolution across North America improved not only supply but also competitiveness for feedstocks in the production of chemicals, which, in the case of n-butanol, turned out to be low-cost. Such an edge enabled local producers to grow more and to satisfy the increasing demand in all sectors industrial, automotive, construction, and personal care. Overall, the North American n-butanol market is well-suited for growth due to the high level of industrialization, technology, and focus towards sustainability. Domestic and international players in this business will find tremendous opportunities in such an environment.
The key players in this market include BASF (Germany), Dow (US), SABIC (Saudi Arabia), Mitsubishi Chemical Group Corporation (Japan), Eastman Chemical Company (US), Sasol Limited (South Africa), OQ Chemicals GmbH (Germany), PetroChina Company Limited (China), KH Neochem Co., Ltd. (Japan), and PETRONAS Chemicals Group Berhad (Malaysia).
Research Coverage
This report segments the n-butanol market based on grade, distribution channel, feedstock, application, end-use industry, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the n-butanol market.
Key benefits of buying this report
This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the n-butanol market, high-growth regions, and market drivers, restraints, opportunities, and challenges.