Tert-butanol Market: Snapshot

The moderately consolidated market for tert-butanol has its hopes pinned on the emerging economies of Asia Pacific, Latin America, and the Middle East and Africa. These regions rake in the most revenue owing to the growing use of tert-butanol in the food and beverages, automotive, personal care products, and construction sectors and as a result, most players – both established and new – have turned their focus to developing countries.

While some might have predicted that regulatory pressure from government agencies regarding VOC emissions would have curbed the growth of the tert-butanol market, the truth is that these restrictions have compelled players to focus on the development of bio-based solvents. This is a major opportunity in today’s competitive and environment-conscious industry.

Fueled by the opportunities that lie ahead, the tert-butanol market is poised to expand at a 6.2% CAGR during the forecast period, rising from a valuation of US$1.5 bn in 2015 to US$2.6 bn by 2024.



Booming Automotive and Construction Sectors in Emerging Economies Driving Paints and Coatings Segment 

Tert-butanol finds application in a number of end-use industries, including flavors and fragrances, paints and coatings, and pharmaceuticals. Accounting for a share of over 35% in 2015, paints and coatings formed the largest end-user segment in terms of demand. The increasing demand for paints and coatings can be attributed to the growth in the automobile industry and the rise in construction activities across the globe. The number of vehicles being manufactured has significantly increased over the past few years owing to rapid urbanization in several developing economies. This growth has translated into the rising demand tert-butanol from the paints and coatings segment. The expansion of the construction sector has also propelled the demand for paints and coatings. There has been a surge in the construction of hospitals, schools, amusement parks, and others in regions such as Latin America, Asia Pacific, and the Middle East and Africa.

The pharmaceuticals segment, on the other hand, is forecast to expand at the fastest pace by volume as well as revenue, registering a respective CAGR of 5.8% and 6.6% from 2016 to 2024.

The use of tert-butanol in flavors and fragrances also presents immense scope for market players. It is used as a solvent and a flavoring ingredient in the food and beverages industry. Tert-butanol is also used in perfumes and other personal care products.

Tert-butanol Market in Developed Regions Reeling from Maturation; Emerging Markets to Soar

Geographically, the global market for tert-butanol comprises North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific is the largest market for tert-butanol market and in 2015 constituted a volume share of more than 40% in the global market. The growing demand for paints and coatings in the automobile and construction industries and rising sales of food and beverages and personal care products are mainly responsible for the growth of this regional market. Asia Pacific is also anticipated to be the fastest expanding market for tert-butanol during the forecast period, with significant contribution from countries such as India, China, and Japan.

The tert-butanol market in the Middle East and Africa is forecast to experience moderate growth over the coming years. The markets in North America and Europe, on the other hand, have reached maturation and are likely to witness average growth by 2024. The Latin America tert-butanol market is projected to expand significantly over the next eight years.

This report analyzes and forecasts the market for tert-butanol at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2016 to 2024. The study includes drivers and restraints of the global tert-butanol market. It also covers the impact of these drivers and restraints on demand for tert-butanol during the forecast period. The report also highlights the opportunities in the tert-butanol market at the global and regional level.

The report includes a detailed value chain analysis, which provides a comprehensive view of the global tert-butanol market. Porter’s Five Forces model for the tert-butanol market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global tert-butanol market by segmenting it in terms of end-users. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for tert-butanol in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual end-user segments in all the regions.

The study includes profiles of major companies operating in the global tert-butanol market. Key players profiled in the report include Merck KGaA, Evonik Industries AG, LyondellBasell Industries Holdings B.V., Tiande Chemical Holdings Limited, Tokyo Chemical Industry Co., Ltd., Kuraray Co., Ltd, and others. Market players are profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis.

The report provides the estimated market size of tert-butanol for 2015 and forecast for the next nine years. The global market size of tert-butanol is provided in terms of both volume as well as revenue. Market numbers are estimated based on key end-user segments of tert-butanol. Market size and forecast for each major end-user is provided in terms of global and regional markets.

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, American Chemical Society (ACS), World Health Organization (WHO), American Pharmacists Association (APhA), Indian Resins Manufacturer’s Association (IRMA), ICIS, Hoover’s, Factiva, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

The report segments the global tert-butanol market as:

Tert-butanol Market: End-user Segment Analysis

  • Paints & Coatings
  • Flavors & Fragrance
  • Pharmaceuticals
  • Others

Tert-butanol Market: Regional Analysis

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA