Europe Tert Butanol Market to Grow at a CAGR of 2.9% to reach US$ 2,067.33 million Million from 2021 to 2028

Europe Tert Butanol Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Purity (> 99 and ≤ 99), Application (Solvents and Intermediates, Ethanol Denaturants, MTBEs and ETBEs, Methylmethacrylates (MMAs), and Others), and End Use Industry (Flavours and Fragrances, Paints and Coatings, Pharmaceuticals, and Others)

Publication Month : Nov 2021

  • Report Code : TIPRE00025802
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 152
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The tert butanol market in Europe is expected to grow from US$ 1,690.53 million in 2021 to US$ 2,067.33 million by 2028; it is estimated to grow at a CAGR of 2.9% from 2021 to 2028.



Organic solvents such as tert-butyl alcohol provide many benefits for freeze-dried formulations. These include increasing the solubility of hydrophobic drugs, reducing drying time, improving product stability, and improving reconstitution characteristics. Tert-butanol has a high freezing point (24 ° C), crystallizes primarily at room temperature, and will sublimate during the freezing process. TBA completely crystallizes during the freezing stage and exhibits long, needle-shaped ice crystals. It also produces a lower cake resistance during the drying stage and has a larger surface area. Tert-butanol is gradually becoming the tender freeze-drying agent in the biomedical industry. The evolving nature of the pharmaceutical industry and increasing research activities have necessitated the preservation of vaccines, blood samples, purified proteins, and many other biological materials. Tert-butanol is a solvent with high vapor pressure, low toxicity, and low melting point, and it is the best freeze-drying agent. Manufacturers are capitalizing on this trend by strengthening ties and partnerships with raw material suppliers and pharmaceutical industry service providers to capitalize on the industry's market potential. They place considerable emphasis on the development of high purity tert butanol that is optimal for pharmaceutical applications. Tert butanol is used as a freeze-drying agent in the manufacture of pharmaceutical compounds. Freeze-drying or lyophilization is used to remove ice or other frozen solvents from the material. They are used to store vaccines, blood samples, purified proteins, and other biological materials. The growing demand for lyophilized agents in the biotech and biomedical industries to preserve vaccines, blood samples, purified proteins, and other biological materials is expected to present a lucrative opportunity for tert butanol manufacturers. Thus, increasing demand for freeze-drying agents in the pharmaceutical industry is expected to propel the tert butanol market growth.

In Europe, currently France, the UK and Russia are the worst-impacted countries by the COVID-19 pandemic. It is estimated to suffer an economic hit due to a lack of revenue from various industries subjected to distortion in supply chain. The massive outbreak of the pandemic has created temporary distortion in operation efficiencies of industrial bases in European market. Several industrial bases such as paints and coatings, flavors and fragrances, pharmaceuticals, and others have been impacted by the pandemic, which had a direct impact upon the demand for tert butanol in the regional market. However, due to ever-evolving nature of the pharmaceutical industry and rise in research activities have necessitated the need for the preservation of vaccines, blood samples, purified proteins, and numerous other biological materials is boosting the demand of tert butanol.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe tert butanol market. The Europe tert butanol market is expected to grow at a good CAGR during the forecast period.

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Europe Tert Butanol Market Segmentation

Europe Tert Butanol Market – By Purity

  • ≥99
  • ≤99

Europe Tert Butanol Market – By End Use

  • Flavors and Fragrances
  • Paints and Coatings
  • Pharmaceuticals
  • Others

 

Europe Tert Butanol Market – By Application

  • Solvents and Intermediates
  • Ethanol Denaturants
  • MTBEs and ETBEs
  • Methylmethacrylates (MMAs)
  • Others

Europe Tert Butanol Market – By Country

  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe

Europe Tert Butanol Market – Companies Mentioned

  • Alfa Aesar
  • Evonik
  • FINAR CHEMICALS
  • KURARAY CO., LTD.
  • LOTTE CHEMICAL TITAN HOLDING BERHAD
  • LyondellBasell Industries Holdings B.V.
  • Merck KGaA                        
  • Tiande Chemical Holdings Limited
  • Tokyo Chemical Industry Co., Ltd.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

  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. Tiande Chemical Holdings Limited
  9. Tokyo Chemical Industry Co., Ltd.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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