Europe Tert Butanol Market
No. of Pages: 152 | Report Code: TIPRE00025802 | Category: Chemicals and Materials
No. of Pages: 152 | Report Code: TIPRE00025802 | Category: Chemicals and Materials
The tert butanol market in Europe is segmented into Germany, France, Italy, the UK, and Russia. The region holds significant growth opportunities for the market players owing to the growing demand for tert butanol from industries, such as pharmaceuticals, flavors and fragrances, paint and coatings. 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. Europe has the largest pharmaceutical market. Also, research & development expenditure in the pharmaceutical industry is increasing. There is an increasing demand for innovative flavors and fragrances for various applications. France is known for its perfume industry. France has the highest fragrance and perfume production. The market for tert butanol is predicted to rise as consumers' preferences for varied flavors and perfumes expand. The application of tert butanol from various end-use industries is positively impacting the growth of the tert butanol market.
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.
Strategic insights for the Europe Tert Butanol provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,690.53 Million |
| Market Size by 2028 | US$ 2,067.33 Million |
| Global 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 |
The geographic scope of the Europe Tert Butanol refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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. 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.
In terms of purity, the ≥99 accounted for the largest share of the Europe tert butanol market in 2020. In term of end use, paints and coatings held a larger market share of the tert butanol market in 2020. Further, in term of application, the MTBEs and ETBEs held a larger market share of the tert butanol market in 2020
A few major primary and secondary sources referred to for preparing this report on tert butanol market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are The Sherwin-Williams Company; Kobra Paint - Spray Art Technologies; Montana Colors S.L.; Nippon Paint Holdings Co., Ltd; PPG Industries Inc.; Rust Oleum; Masterchem Industries LLC; Plutonium Paint; and AVT Paints Pty Ltd among others.
The Europe Tert Butanol Market is valued at US$ 1,690.53 Million in 2021, it is projected to reach US$ 2,067.33 Million by 2028.
As per our report Europe Tert Butanol Market, the market size is valued at US$ 1,690.53 Million in 2021, projecting it to reach US$ 2,067.33 Million by 2028. This translates to a CAGR of approximately 2.9% during the forecast period.
The Europe Tert Butanol Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Tert Butanol Market report:
The Europe Tert Butanol Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Tert Butanol Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Tert Butanol Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
UK+442030260021, US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Tert Butanol Market
