South America Tert Butanol Market Key Players and Opportunities by 2028
South 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)
- Status : Published
- Report Code : TIPRE00025807
- Category : Chemicals and Materials
- No. of Pages : 131
- Available Report Formats :
- Last update date : November 13, 2021
2021 Market Size
US$ 181.84 Mn
Base year value
2028 Forecast
US$ 236.13 Mn
Projected by 2028
CAGR 2022-2028
3.8 %
Growth rate
Addressable Market
US$ 1,481.78 Mn
(2022-2028)
The tert butanol market in South America is expected to grow from US$ 181.84 million in 2021 to US$ 236.13 million by 2028; it is estimated to grow at a CAGR of 3.8% 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.
Brazil has been ranked to be third-most affected economy due to COVID-19 pandemic globally. In terms of South America, Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and combat the spread of COVID-19 virus through lockdowns, trade bans, and travel restrictions. This may have a direct impact upon the growth of tert butanol market.
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 South America tert butanol market. The South 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.
South America Tert Butanol Market Segmentation
South America Tert Butanol Market – By Purity
- ≥99
- ≤99
South America Tert Butanol Market – By End Use
- Flavors and Fragrances
- Paints and Coatings
- Pharmaceuticals
- Others
South America Tert Butanol Market – By Application
- Solvents and Intermediates
- Ethanol Denaturants
- MTBEs and ETBEs
- Methylmethacrylates (MMAs)
- Others
South America Tert Butanol Market – By Country
- Brazil
- Argentina
- Rest of SAM
- Canada
- Mexico
South 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.
South America Tert Butanol Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 181.84 Million |
| Market Size by 2028 | US$ 236.13 Million |
| CAGR (2021 - 2028) | 3.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Purity
|
| Regions and Countries Covered |
South and Central America
|
| 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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