Europe Tert Butanol Market Growth and Analysis by 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)
- Status : Published
- Report Code : TIPRE00025802
- Category : Chemicals and Materials
- No. of Pages : 152
- Available Report Formats :
- Last update date : November 13, 2021
2021 Market Size
US$ 1,690.53 Mn
Base year value
2028 Forecast
US$ 2,067.33 Mn
Projected by 2028
CAGR 2022-2028
2.9 %
Growth rate
Addressable Market
US$ 13,288.99 Mn
(2022-2028)
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.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
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.
Europe Tert Butanol Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,690.53 Million |
| Market Size by 2028 | US$ 2,067.33 Million |
| CAGR (2021 - 2028) | 2.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Purity
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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