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市場調査レポート
商品コード
1585120
n-ブタノールの世界市場:グレード別、流通チャネル別、原料別、用途別、最終用途産業別、地域別 - 予測(~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 |
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カスタマイズ可能
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n-ブタノールの世界市場:グレード別、流通チャネル別、原料別、用途別、最終用途産業別、地域別 - 予測(~2029年) |
出版日: 2024年10月17日
発行: MarketsandMarkets
ページ情報: 英文 257 Pages
納期: 即納可能
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世界のn-ブタノールの市場規模は、2024年の56億3,000万米ドルから2029年までに75億米ドルに達すると予測、予測期間にCAGRで5.9%の成長が見込まれます。
調査範囲 | |
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調査対象年 | 2018年~2029年 |
基準年 | 2023年 |
予測期間 | 2024年~2029年 |
単位 | 米ドル |
セグメント | グレード、流通チャネル、原料、用途、最終用途産業、地域 |
対象地域 | 北米、欧州、アジア太平洋、中東・アフリカ |
「都市化とインフラ開発の増加」
都市化とインフラ開発が世界のn-ブタノール市場を牽引します。各国における経済発展を促進するためのインフラ拡大は、塗料・コーティングに対する莫大な需要を生み出し、それによってn-ブタノールが産業を牽引するのに十分な機会を提供しています。建設は世界経済の主要部門の1つです。先進地域では、建設はGDPの5%を占め、発展途上地域では8%にも達します。U.S. Censusによると、2019年に建設活動は1兆3,035億米ドルの支出を占めています。今後20年間で、インフラへの支出は急増し、2040年までに世界の年間支出は3兆7,000億米ドルに達すると予測されています。
インフラ投資の格差がもっとも大きい地域は南米とアフリカで、これらの地域は将来的に大きな可能性を秘めています。香港、台湾、韓国などのアジア諸国では、建設が自国経済を活性化させ、世界経済の主流に加わるための手段として使われてきました。マレーシアや中国も、世界経済への本格的な参加を目指し、大規模なインフラプロジェクトに取り組んでいます。インドの建設部門は、国内の大規模な経済部門の中で3番目に大きく、農業に次いで2番目に大きな雇用を生み出しています。2025年までにGDPの12~15%を占めると予測されています。
EU域内の住宅投資総額は、2021年までにGDPの5.6%を占めました。その割合は加盟国によって異なり、キプロスで7.6%、ドイツとフィンランドで7.2%と、EU全体のそれを下回る水準で、ギリシャで1.3%、アイルランドで2.1%、ラトビアで2.2%、ポーランドで2.3%にとどまっています。これは、この地域の安定と成長における建設の重要な役割を反映しています。特に発展途上地域における建設活動の大幅な増加により、住宅と商業プロジェクト用の高品質なコーティングに対する需要が生まれ、その結果、n-ブタノールベースの製品の消費が増加しています。
「グレード別では、工業セグメントが予測期間に金額ベースで最大の市場シェアを占めます。」
n-ブタノール市場で予測期間に最大のシェアを占めるのは工業セグメントであり、これは主にさまざまな産業での幅広い用途によるものです。コーティング、接着剤、プラスチックの製造における溶媒や化学中間体としてのn-ブタノールの需要は、このセグメントが一角を占めるきっかけとなる可能性があります。n-ブタノールは分子に柔軟性があるため、塗料やコーティングに広く使用されるアクリル酸ブチルや酢酸ブチルの製造工程で重宝されます。
もう1つの重要な分野は、塗料・コーティング産業です。現在、高性能コーティングは住宅や商業建築の一部を形成しており、建設分野の伸びもこの需要を支えています。また、n-ブタノールは可塑剤や直接溶媒の製造に広く使用されており、この点もその市場でのプレゼンスを高めています。
産業における持続可能性と低い環境フットプリントに対する関心の高まりが、バイオベースn-ブタノールの採用の増加傾向につながっています。工業セグメントの成長は、世界の環境にやさしい生産プロセスへの適応に加え、採用の増加傾向からも恩恵を受けています。全体的に、工業セグメントの主導的地位は、製造用途におけるn-ブタノールの重要性とダイナミックな市場ニーズを満たす能力を適切に表しています。
当レポートでは、世界のn-ブタノール市場について調査分析し、主な促進要因と抑制要因、競合情勢、将来の動向などの情報を提供しています。
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.