Butylene carbonate is an organic compound containing double ester group as well as carbonate as a functional group. It widely used as polar solvent in organic and inorganic materials, inks, colors, agriculture, fibers, surfactants, dyes, and batteries. Additionally, butylene carbonate is employed as binder for foundry sand molds, gallant for clay, crosslinking agent for superabsorbent polymers, and additive in fuel and hydraulic fluids. It is also used for the separation of carbon dioxide, hydrogen sulfide, and aromatic hydrocarbon in refinery operations. Butylene carbonate is extensively used in components of electrolytes in lithium-ion batteries due to its high polarity, solubility, and boiling point.

The global butylene carbonate market can be segmented based on form and end-user. In terms of form, the market can be bifurcated into solid and liquid. In terms of end-user, the market can be divided into automotive, oil & gas, industrial, medical, and personal care & hygiene. Automotive is the leading segment of the butylene carbonate market. Rise in demand for electric vehicles and consumer electronics is boosting the demand for lithium-ion batteries. This, in turn, is propelling the global butylene carbonate market. Lithium-ion batteries are rechargeable and require less recharging vis-à-vis their counterparts such as lead batteries, which require high recharging time. Increase in demand for electrolytes with better efficacy and light weight batteries is driving the demand for butylene carbonate.

Rise in demand for environmentally-safer solvents in various end-user industries such as oil & gas, automotive, and chemical is also augmenting the global butylene carbonate market. Butylene carbonate is an environmentally-safer solvent compared to methylene chloride, acetone, and aromatic solvents. It possesses excellent solvency properties, low VOC, low toxicity, low evaporation rates, and high boiling points. Thus, it is ideal for usage in many solvent applications. Fluctuation in prices of raw materials is expected to hamper the butylene carbonate market during the forecast period. However, rise in demand for hybrid solvents is anticipated to provide lucrative opportunities to manufacturers during the forecast period.

In terms of region, the global butylene carbonate market can be segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific dominates the market. It is followed by Europe. China is the leading consumer of butylene carbonate in Asia Pacific. Increase in demand for electric cars in China and South Korea; and rise in demand for automotive coatings in developing economies in Asia Pacific are estimated to boost the demand for butylene carbonate in the region during the forecast period. Implementation of stringent regulations on fossil fuel depletion is also propelling the demand for electric cars in North America and Europe. This is driving the demand for lithium batteries, and in turn, butylene carbonate in these regions. Germany is a hub of the automotive industry. Butylene carbonate is used in various end-user industries the country due to its properties such as high viscosity index, better thermal resistance, and optimum performance in wide rage on temperatures. This is augmenting the market in Europe. The market in Middle East & Africa and Latin America is expanding at slower pace compared to mature economies. GCC, Brazil, Mexico, and South Africa are dependent on import of raw materials for manufacturing butylene carbonate and automotive. Increase in merger & acquisition activities among automotive manufacturers in regions such as GCC and Mexico is projected to fuel the demand for butylene carbonate in the near future.

Key players operating in the global butylene carbonate market include Huntsman Corporation, BASF SE, Oriental Union Chemical Corporation, and Mitsubishi Chemical.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Butylene Carbonate Market

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