Press release
Tert Butanol Market Research Reports 2021 Global Industry Size, Share, InDepth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis Forecast to 2028
The Tert Butanol Market is projected to reach US$ 6,149.11 million by 2028 from US$ 4,955.64 million in 2021; it is expected to grow at a CAGR of 3.0% from 2021 to 2028.Tert butanol is produced commercially as a byproduct of isobutane during the propylene oxide production. Tert-butanol is used as a chemical intermediate in a variety of products. Further, it is primarily used as a solvent in various applications. It is also used as a paint remover, alcohol denaturant, and so on. Tert butanol is also used as an alkylating agent for aromatics and phenols, resulting in tert-butyl aromatics and tert-butyl esters, which are used as precursors in the synthesis of antioxidants, phenolic resins, pharmaceutical products, and perfumes.
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Analysis of the Top Market Players:
1. Alfa Aesar
2. Evonik
3. FINAR CHEMICALS
4. Kuraray Co., Ltd.
5. LOTTE CHEMICAL TITAN HOLDING BERHAD
6. Lyondellbasell Industries Holdings B.V.
7. Merck KGaA
8. Sisco Research Laboratories Pvt. Ltd.
9. Tiande Chemical Holdings Limited
10. Tokyo Chemical Industry Co., Ltd.
In this report, the market has been segmented on the basis of:
Purity (> 99 and < 99)
Application ((Solvents and Intermediates, Ethanol Denaturants, MTBEs and ETBEs, Methylmethacrylates (MMAs), and Others))
End-Use Industry (Flavors and Fragrances, Paints and Coatings, Pharmaceuticals, and Others)
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Based on application, the tert butanol market is segmented into solvents and intermediates, ethanol denaturants, MTBEs and ETBEs, methylmethacrylates (MMAs), and others. In 2020, the solvents and intermediates segment dominated the market, whereas the ethanol denaturants segment is expected to register the highest CAGR during 2021-2028. Tert butanol is used as a solvent for paints, lacquers, and varnishes. It is used also as an intermediate in the manufacturing of various pharmaceuticals and chemicals, including tert-butyl chloride, tert-butyl phenol, tert-butyl hydroperoxide, isobutylene, methyl methacrylate; methyl tert-butyl ether (MTBE); and ethyl tert-butyl ether (ETBE). The compound is also used in the synthesis of flavors and perfumes.
Based on region, the tert butanol market is segmented into North America, Europe, Asia Pacific (APAC), South and Central America (SAM), and Middle East & Africa (MEA). South and Central America is estimated to register the highest CAGR in the market during the forecast period. The tert butanol market in this region is further segmented into Brazil, Argentina, and the Rest of South and Central America. Evonik Industries AG; LyondellBasell Industries Holdings B.V.; and Tokyo Chemical Industry Co., Ltd. are a few of the players operating in the South and Central America tert butanol market. Brazil is the largest automotive producer in South and Central America. The market players operating in the region cater to industries such as fragrance, paint, and coatings.
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