North America Tert Butanol Market Growth and Forecast by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028North America 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)
- Report Date : Nov 2021
- Report Code : TIPRE00025800
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 137
The tert butanol market in North America is expected to grow from US$ 1,208.95 million in 2021 to US$ 1,424.75 million by 2028; it is estimated to grow at a CAGR of 2.4% from 2021 to 2028.
Tert-Butyl alcohol is used as a solvent in paints, lacquers, and varnishes, as a denaturant for ethanol and several other alcohols; as an octane booster in gasoline; as a dehydrating agent; as a chemical intermediate in the production of methyl methacrylate; and in the production of flotation agents, fruit essences, and perfumes. Further, butyl alcohols are used as solvents in paints, varnishes, natural and synthetic resins, vegetable oils, lacquers, camphor, gums, dyes, and alkaloids. They are also used as a byproduct in the manufacture of pharmaceuticals and chemicals, rubber and plastic cement, safety glass, perfumes, artificial leather, shellac, photographic films, raincoats, and plastic fabrication. In addition, tert-butyl alcohol is used to make tert-butyl chloride, tert-butyl phenol, and isobutylene, as well as artificial musk and denatured alcohols. Tert-Butanol is also used in the production of methyl methacrylate plastics and flotation devices. The food-related applications include flavoring, and because of its camphor-like aroma, it is also used to make artificial musk, fruit essences, and perfume. It is used in coatings on metal and paperboard food containers, industrial cleaning compounds, and chemical extraction in pharmaceutical applications. Overall, the tert butanol market is mainly dependent on its end-use industry and increasing demand for them is boosting the market growth significantly.
North America is one of the worst affected economies due to COVID-19 pandemic. The US has the highest number of confirmed cases of COVID-19, compared to Canada and Mexico. The unprecedented rise in number of COVID-19 cases across the US and Canada and the subsequent lockdown of its numerous manufacturing facilities has negatively influenced the growth of the various markets. The significant disruption in manufacturing facilities along with raw material sourcing have had a negative impact upon the demand for tert butanol in country. In the same way, the pandemic had an intense impact upon the Canadian economy, causing it into a recession. However, the market is reviving on account of significant measures undertaken by government such as vaccination drives. With the state of economic recovery, several industrial sectors are strategically planning to invest in advanced products so as to maximize revenue. This is expected to provide impetus to market growth.
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 North America tert butanol market. The North America 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.
North America Tert Butanol Market Segmentation
North America Tert Butanol Market – By Purity
- ≥99
- ≤99
North America Tert Butanol Market – By End Use
- Flavors and Fragrances
- Paints and Coatings
- Pharmaceuticals
- Others
North America Tert Butanol Market – By Application
- Solvents and Intermediates
- Ethanol Denaturants
- MTBEs and ETBEs
- Methylmethacrylates (MMAs)
- Others
North America Tert Butanol Market – By Country
- US
- Canada
- Mexico
North America 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.
North America Tert Butanol Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,208.95 Million |
| Market Size by 2028 | US$ 1,424.75 Million |
| Global CAGR (2021 - 2028) | 2.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Purity
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- 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.
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