The sales in the global n-butylene oxide 1,2 market are anticipated to rise at a CAGR of nearly 7% to 8% during the forecast period 2022-2032. Growing emphasis on increasing the production of oil & gas across countries such as the U.S., China, Germany, Russia, and India among others is estimated to facilitate the demand for n-butylene oxide 1,2 in the market.
| Report Attribute | Details |
|---|---|
| N-Butylene Oxide 1,2 Market Projected Growth Rate (2022 to 2032) | 7% to 8% CAGR |
N-butylene oxide 1,2, also referred to as α-Butylene oxide, 1,2-buteneoxide, 1,2-epoxybutane, and 1,2-butyleneoxide, is an organic compound that has an ethereal odor, similar to flowers and fruits. The compound is a clear colorless volatile liquid soluble in water and highly flammable derived from two types of processes i.e. chlorohydrin process and direct oxidation of 1-butene.
Demand for N-butylene oxide 1,2 is surging at a rapid pace across diverse industries, owing to its excellent de-emulsifying, stabilizing, de-foaming, and surfactant properties. Hence, rapid expansion of the chemical industry, and rising adoption of chemical reagents & chemical intermediates for synthesizing applications is expected to bolster the sales of N-butylene oxide 1,2 in the global market.
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Due to the rapid industrialization and growing usage of oil and gas derivatives such as diesel, gasoline, and liquefied petroleum gas (LPG) among others, there is a swift rise in the consumption of crude oil across the world. Hence, governments in several countries are emphasizing on increasing the production of crude oil to address the surging demand for fuel.
For instance, according to a study by the India Brand Equity Foundation, the Indian Government announced the allocation of around US$ 2.86 billion for drilling over120 exploration wells to double the production of oil & gas in the country by 2022. As N-butylene oxide 1,2 is extensively used as de-emulsifiers in oil & gas production and refineries facilities for better separation of oil, a multiplicity of such initiatives are expected to augment the demand in the global market.
With growing environmental concerns pertaining to the emission of volatile organic compounds (VOCs) and greenhouse gasses, government and various other regulatory organizations are implementing strict regulations for declining the use of VOCs such as N-butylene oxide 1,2. Imposition of such regulations across North America, Europe, and Asia Pacific in restraining the demand for N-butylene oxide 1,2 in the global market.
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As per a study by FMI, Asia Pacific excluding Japan is projected to exhibit growth at a robust CAGR in the global market for N-butylene oxide 1,2 between 2022 and 2032.
Governments across Asia Pacific countries are focusing on launching various initiatives and favorable policies to assist textile manufacturers in increase their production for rising the overall textile exports. Hence, key industry players are emphasizing on investing for increasing their textile production capacity to get benefited from the favorable policies.
For instance, in 2019, Pallavaa Group, a leading textile manufacturer headquartered in India announced investing around US$ 65 Mn for increasing the company’s textile production in Tamil Nadu, India. As N-butylene oxide 1,2 is finding a wide range of usage as a non-ionic surfactant in textiles manufacturing, such developments are estimated to drive the growth in the market.
Future Market Insights reveals that North America is expected to emerge as a highly remunerative market for N-butylene oxide 1,2 during the forecast period 2022-2032.
The oil & gas industry is registering robust growth in North America, driven by the accelerating demand for petroleum derivatives due to the increasing vehicular fleet and growing industrialization. Hence, leading industry players are aiming at increasing their petroleum derivative production and refining capacity to meet the growing demand.
For instance, in 2019, Targa Resources Corporation, a U.S.-based oil & gas company announced developing a new petroleum refinery at Channelview, the U.S. which can refine nearly 35,000 barrels per day for expanding its refining capacity. A slew of such developments is anticipated to bolster the sales of N-butylene oxide 1,2 in the North America market.
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Some of the leading players in the n-butylene oxide 1,2 market are Ningbo Inno Pharmche, Leap Labchem Co., Ltd, BASF SE, Tokyo Chemical Industry Co., Ltd., Santa Cruz Biotechnology, Inc., Kinbester Co., Ltd., Hangzhou Dayangchem Co. Ltd., DowDupont Inc., Merck KGaA, Haihang Industry Co., Ltd., Chemos GmbH & Co. KG, Zehao Industry Co., Ltd., and others.
The market for is highly competitive, due to large number of participants and increasing adoption of strategies such as collaboration, agreement, and partnership to strengthen the market share.
| Report Attribute | Details |
|---|---|
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Purity, Application, End Use, Region |
| Countries Covered | North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, Middle East and Africa |
| Key Companies Profiled | Ningbo Inno Pharmche; Leap Labchem Co., Ltd; BASF SE; Tokyo Chemical Industry Co., Ltd.; Santa Cruz Biotechnology, Inc.; Kinbester Co., Ltd.; Hangzhou Dayangchem Co. Ltd.; DowDupont Inc.; Merck KGaA; Haihang Industry Co., Ltd.; Chemos GmbH & Co. KG; Zehao Industry Co., Ltd.; Others |
| Customization | Available Upon Request |
FMI projects the global n-butylene oxide 1,2 market to expand at rapid value CAGR by 2032
The market for n-butylene oxide 1,2 is dominated by Asia Pacific excluding Japan, and this trend is projected to continue in the foreseeable future.
Ningbo Inno Pharmche, Leap Labchem Co., Ltd, BASF SE, Tokyo Chemical Industry Co., Ltd., Santa Cruz Biotechnology, Inc., Kinbester Co., Ltd., Hangzhou Dayangchem Co. Ltd., DowDupont Inc., Merck KGaA, Haihang Industry Co., Ltd., Chemos GmbH & Co. KG, Zehao Industry Co., Ltd., and others are some prominent n-butylene oxide 1,2 manufacturers
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N-Butylene Oxide 1,2 Market
