Rise in Use as an Extractant in Medicines is Expected to Drive 1-Butanol Market Growth by 2030
Reports and Data's Global 1-Butanol Market research report is an in-depth investigation that provides an industry-wide overview of existing and emerging growth patterns, end-user analysis, and other key data that has been tested and validated by industry experts and professionals. The report examines the market in terms of importance, share, size, demand and supply, patterns, competitive landscape, industrial chain analysis, and other important factors. The report also provides a detailed outlook for the industry's driving and restraining forces, as well as micro and macroeconomic factors that are expected to influence its development.
1-Butanol, often known as butanol, is a primary linear alcohol. It occurs naturally as a byproduct of sugar and other saccharide ethanol and can be found in a range of foods and beverages. It is produced in small amounts by gut microbial fermentation through the butanoate metabolic pathway. The substance is found in bacteria such as bacillus, clostridium, escherichia, lactobacillus, pseudomonas, saccharomyces, synechococcus, and thermoanaerobacterium.
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Leading Players- BASF (Germany), The DOW Chemical Company (US), Eastman (US), OQ Chemicals (Germany), SASOL (South Africa), Sherwin-Williams (U.S.), Mitsubishi Chemical Corporation (Japan), Saudi Basic Industries Corporation (Saudi Arabia), Galaxy Chemicals, LLC (India), KH Chemicals BV (Netherlands)
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The 1-Butanol Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the 1-Butanol Market.
Type Outlook (Revenue, USD Billion; 2019-2030)
- Industrial Grade
- Reagent Grade
Application Outlook (Revenue, USD Billion; 2019-2030)
- Synthetic raw materials
- Extraction agent
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Frequently Asked Questions Addressed in the Report:
- What is the estimated market revenue growth over the forecast period?
- What are the major factors driving the global 1-Butanol Market revenue growth?
- Which regional market is expected to account for the largest revenue share in the global 1-Butanol Market over the forecast years?
- Which are the leading players in the global 1-Butanol Market?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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