Tert Butanol Market Size Global Forecast to 2028

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

  • Report Code : TIPRE00006111
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 205
Buy Now

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. 

Europe is anticipated to hold the largest share of the tert butanol market during the forecast period. The increased demand for automotive refinish performance and architectural coatings is bolstering the demand for tert butanol in the automotive and construction paint and coating industries in the region. Further, consumer preference for masking flavors that are used in conjunction with antioxidants and vitamins to reduce off-tastes and off-odors is also boosting the demand for tert butanol in Europe. A rise in pharmaceutical R&D expenditure, increased popularity of niche fragrances, and surge in demand for premium fragrances, particularly in Western Europe, would continue to drive the tert butanol market growth in the region during the forecast period. 
 The COVID-19 pandemic has drastically altered the status of the chemicals and industrial sectors, and consequently hindered the growth of the tert butanol market. The implementation of measures to combat the spread of SARS-CoV-2 has aggravated the situation. The sudden distortion in operational efficiencies and disruptions in value chains due to sudden shutdown of national and international boundaries have hampered the performance of the flavors and fragrances, paints and coatings, and pharmaceuticals industries, among others. Further, the pandemic also led to discontinuations in product orders and deliveries, along with cancellations and order backlogs. The significant decline in the growth of several sectors has led to lowered demand for tert butanol. However, the compound is gradually emerging as a preferred freeze desiccant in the biomedicals industry. Moreover, continuous surge in research activities necessitates the preservation of vaccines, blood samples, purified proteins, and many other biological materials, which is contributing to the tert butanol market growth. Tert-butanol is a solvent with high vapor pressure, and low toxicity and melting point, and it is a trending freeze-drying agent. Nevertheless, as the economies are planning to revive their operations, the demand for tert butanol is expected to rise globally. However, the focus on just-in-time production is another concerning factor hindering the market growth.  

Geographic Overview of Tert Butanol Market


  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
 

Market InsightsRising Demand for Tert Butanol from End-User Industries Drives Market Growth

Organic solvents such as tertiary butyl alcohol, i.e., tert butanol, benefit freeze-dried formulations by increasing hydrophobic drug solubility, reducing drying time, improving product stability, and enhancing reconstitution characteristics. Tert-butanol has a high freezing point of (24°C), and it crystallizes primarily at room temperature; it is sublime during the freezing process. Tert butanol, which crystallizes completely during the freezing stage, exhibits long, needle-shaped ice crystals. It 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 biomedicals industry. The continuously evolving nature of the pharmaceuticals industry and increasing research activities in the same have necessitated the preservation of vaccines, blood samples, purified proteins, and many other biological materials. Tert-butanol is a solvent with high vapor pressure, and low toxicity and melting point, and it is a trending freeze-drying agent. Manufacturers are capitalizing on this trend by strengthening ties and partnerships with raw material suppliers and pharmaceuticals industry service providers. They place considerable emphasis on the development of high-purity tert butanol that is optimal for pharmaceuticals applications.

Purity Insights


Based on purity, the global tert butanol market is segmented into >99 and ≤99. The ≤99 segment is expected to hold a larger market share of during the forecast period. Tert butanol with purity less than 99% is used as a solvent for paints and varnishes, and denaturant of ethanol and other alcohols. Tert butanol acts as an anti-knock agent, and is used in the production of flotation agents, and fruit essences and perfumes. It also acts as an active ingredient in paint removers.Application Insights.

Based on application, the tert butanol market is segmented into solvents and intermediates, ethanol denaturants, MTBEs and ETBEs, methylmethacrylates (MMAs), and others. The solvents and intermediates segment is anticipated to hold the largest share of the market during the forecast period. Tert Butanol is used as a nonreactive solvent to facilitate chemical reactions. It is used as a solvent for paints, lacquers, and varnishes. The compound is also used as an intermediate in the manufacturing of various pharmaceuticals and chemicals, including tert-butyl chloride, tert-butyl phenol, tert-butyl hydroperoxide, isobutylene, and methyl methacrylate. Tert butanol is used an intermediate in the synthesis of other flavors and perfumes as well.

End-Use Industry Insights


Based on end-use industry, the tert butanol market is segmented into flavors and fragrances, paints and coatings, pharmaceuticals, and others. The paints and coatings segment is expected to hold the largest share of the market during the forecast period. Tert butanol is used as a solvent in paints and paint coatings. It is used in formulating defoaming agents that used in the preparation of coatings for paper and paperboards. Further, with the growing building and construction sectors in various countries, the demand for tert butanol is increasing in the solvent and paint remover industries. 

Tert Butanol Market, by End-Use Industry – 2020 and 2028


  Tert Butanol Market, by End-Use Industry – 2020 and 2028
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Tert Butanol Market: Strategic Insights

tert-butanol-market
Market Size Value inUS$ 4,955.64 Million in 2021
Market Size Value byUS$ 6,149.11 Million by 2028
Growth rateCAGR of 3.0% from 2021-2028
Forecast Period2021-2028
Base Year2021
Analyst Image

Shejal

Have a question?

Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst


Alfa Aesar; Evonik Industries Ag; Finar Limited; Kuraray Co., Ltd.; Lotte Chemical Titan Corporation; Lyondellbasell Industries Holdings B.V.; Merck Kgaa; Sisco Research Laboratories Pvt. Ltd.; Tiande Chemical Holdings Limited; Tokyo Chemical Industry Co., Ltd. (TCI) are among the well-established players operating in the global tert butanol market. These companies offer their products worldwide, which help them in catering to a wider customer base. The major market players are highly focused on the development of high-quality and innovative products to meet the customer’s requirements. Key companies in the term butanol market are adopting strategies such as mergers and acquisitions, and product launches. For instance, in 2020, Evonik announced an investment in three product areas, namely Tert butanol (TBA), di-isobutene (DiB) and 3,5,5-trimethylhexanal (TMH). Evonik announced an investment of approximately €15 (US$ 17.72) million in its C4 production network in Marl which will boost the local production capacity for so-called isobutene derivatives by well more than 50% by December 2021.

Report Spotlights 


  • Progressive tert butanol industry trends, which help players develop effective long-term strategies
  • Business growth strategies adopted by companies in developed and developing markets 
  • Quantitative analysis of the global tert butanol market from 2019 to 2028
  • Estimation of the demand for tert butanol across various industries
  • Recent developments to understand the competitive market scenario and the demand for tert butanol
  • Tret butanol market trends and outlook as well as market drivers and restraints
  • Understanding on strategies that underpin commercial interest with regard to the global market growth
  • Tert butanol market size at various nodes 
  • Detailed overview and segmentation of the global tert butanol market as well as its industry dynamics
  • Tert butanol market size in various regions with corresponding promising growth opportunities

Tert Butanol Market by Purity 


  • >99 
  • ≤ 99

Tert Butanol Market by Application 


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

Tert Butanol Market by End-Use Industry


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

Company Profiles


  • Alfa Aesar
  • Evonik Industries Ag
  • Finar Limited
  • Kuraray Co., Ltd.
  • Lotte Chemical Titan Corporation
  • Lyondellbasell Industries Holdings B.V. 
  • Merck Kgaa
  • Sisco Research Laboratories Pvt. Ltd.
  • Tiande Chemical Holdings Limited
  • Tokyo Chemical Industry Co., Ltd. (TCI)
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

Purity, Application, and End-Use Industry

Regional Scope
Regional Scope

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

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Can you list some of the major players operating in the Global Tert Butanol Market?

The major players operating in the global tert butanol market are Alfa Aesar, Evonik Industries Ag, Finar Limited, Kuraray Co., Ltd., Lotte Chemical Titan Corporation, Lyondellbasell Industries Holdings B.V., Merck Kgaa, Sisco Research Laboratories Pvt. Ltd., Tiande Chemical Holdings Limited, and Tokyo Chemical Industry Co., Ltd. (TCI) among many others.

What is the scope of tert butanol in the global market?

Tert-butanol, also known as tertiary butyl alcohol (TBA), is one of four butanol isomers. It is the most basic alcohol, containing a tertiary carbon atom. Tert-butanol is produced commercially as a byproduct of isobutane during the production of propylene oxide.
Based on purity, the tert butanol market is segmented into ≥ 99 and ≤ 99. Based on application, the market is segmented into solvents and intermediates, ethanol denaturants, MTBEs and ETBEs, Methylmethacrylates (MMAs), and others. The end-user segmentation includes flavors and fragrances, paints and coatings, pharmaceuticals, and others.

Based on end-use industry, why is the pharmaceutical segment expected to grow at the highest rate during 2021–2028?

Tert butanol is widely used in the pharmaceutical industry for chemical extractions as well as a freeze-drying agent in the pharmaceutical industry. Vaccines, blood samples, purified proteins, and other biological materials are preserved using freeze-drying agents. Rising demand for freeze-drying agents will provide lucrative opportunities for the players operating in the tert butanol market. Low toxicity, low melting solvent, and high vapor pressure are some of the important characteristics of this chemical that have made it popular in the biomedical industry.

Based on application, what was the largest segment of the global tert butanol market?

The solvent segment is a major field of application of tert butanol. It is used as a solvent for paints, lacquers, and varnishes. It is used as an intermediate in the manufacturing of various pharmaceuticals and chemicals. It is used in the preparation of tert-butyl chloride, tert-butyl phenol, tert-butyl hydroperoxide, isobutylene, methyl methacrylate etc.

Why is Asia Pacific expected to grow at the highest rate during 2021–2028?

Rising construction activities owing to the increase in infrastructure development in countries such as China and India coupled with growing automotive industry drive the demand for tert butanol. China has the fastest growing chemical industry. There is a high demand for tert butanol as a chemical intermediate in the synthesis of various chemical commodities. Methyl tertiary butyl ether (MTBE) is used as an octane booster in motor gasoline in Asia.

What is the forecast outlook of the tert butanol market in Europe?

There is a high demand for tert butanol as a raw material for the production of organic peroxides and other specialty chemicals in the region. In Europe, methyl tertiary butyl ether (MTBE) is used as an octane booster and oxygenate in gasoline. The growing automotive and construction industries propel the demand for automotive coatings and construction paints and coatings in the region.

The List of Companies - Tert Butanol Market

  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.

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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Tert Butanol Market