Increasing Demand for Butyraldehyde to Augment the Butyraldehyde Market Growth

SEATTLE, WA, US, January 20, 2022 /EINPresswire.com/ -- Increasing Demand for Butyraldehyde to Augment the Butyraldehyde Market Growth , Butyraldehyde, also called 'Butanal,' is a colourless liquid with a strong odour. Most organic solvents dissolve it, but it is only partially soluble in water.

Market Overview:

Butyraldehyde appears as a clear liquid with a pungent odor. It is a colorless liquid used to make solvents, synthetic resins, and plasticizers. Butyraldehyde is used in various industrial applications; however, it is majorly employed as an accelerator material in the rubber industry. Butyraldehyde, or Butanal, is used as a raw material to produce polyvinyl butyral, n-butanol, trimethylolpropane, and 2-ethylhexanol. Butyraldehyde is also used in in chemical industry as an intermediate, and to manufacture pesticides, pharmaceuticals, synthetic resins, perfumes, plasticizers, and crop protection products.

Outside of the human body, on average, Butanal is found in the highest concentration within milk (cow) and carrots. Butanal has also been detected, but not quantified in, several different foods, such as borages, hard wheat, ostrich ferns, fennels, and skunk currants.

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Competitive Landscape:

Major players operating in the global butyraldehyde market are Eastman, BASF, Mitsubishi Chemical, Dow Chemical, OXEA GmBH, and Perstop Holding AB, among others.

Key Market Drivers:

Increasing demand for butyraldehyde in various end-use industries is expected to propel growth of the butyraldehyde market during the forecast period. It is used as an intermediate to make agrochemicals, pharmaceuticals, antioxidants, plasticizers, textile auxiliaries, rubber, flavors & various types of additives, alcohol, and perfumery, among others. For instance, according to the Food and Agriculture Organization (FAO) of the United Nations, with an average annual growth of 1.9% in the following years, total fertilizer nutrient demand is expected to reach 201.66 million tons by the end of 2020.

Moreover, increasing demand for adhesives due to increasing construction and infrastructural activities and increasing demand for furniture across the globe is expected to boost the growth of the butyraldehyde market. For instance, according to India Brand Equity Foundation (IBEF), India is expected to become the third largest construction market in the world by 2025. While, India, China, and the United States are expected to account for almost 60 per cent of all global growth in the sector by 2025.

COVID-19 Impact Analysis:

Butyraldehyde is widely used in agrochemicals, pharmaceuticals, antioxidants, plasticizers, textile auxiliaries, rubber, flavors & various types of additives, paints & lacquers, alcohol, and perfumery, among others. But the pandemic has severely impacted these industries, which in turn has decreased the demand for butyraldehyde during the pandemic. However, the easing of restrictions and revival of economic activities is expected to increase the demand in the coming future. This in turn is expected to aid in the growth of the market, worldwide.

Key Takeaways:

The butyraldehyde market is expected to exhibit a CAGR of during the forecast period due to the increasing demand for paints and coatings around the world. For instance, according to the Worlds Paint and Coatings Industry Association, in 2020, the global sales volume of paints and coatings stood around USD 167.6 billion.

Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the butyraldehyde market owing to the increasing demand for butyraldehyde in various end-use industries. For instance, according to plasticizers.org, worldwide, around 7.5 million tons of plasticizers are consumed every year, of which European consumption accounts for around 1.35 million tons.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐰𝐢𝐭𝐡 𝐋𝐚𝐭𝐞𝐬𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 @ https://www.coherentmarketinsights.com/insight/request-pdf/3076

Market Taxonomy

✤ On the basis of product type, the global butyraldehyde market is segmented into:

N-butyraldehyde
Isobutyraldehyde

✤ On the basis of application, the global butyraldehyde market is segmented into:

N-butanol
2-ethylhexanol
Trimethylolpropane
Polyvinyl butyral

Butyraldehyde Market insights will help businesses in a variety of industries increase their revenue impact:

» Developing a framework for evaluating the appeal of various products, solutions, and technologies in the Butyraldehyde Market; assisting stakeholders in identifying key problem areas related to their global Butyraldehyde market consolidation strategies; and delivering solutions.

» Butyraldehyde: market supply-side analysis, as well as promising synergies for top players looking to keep their market leadership.

» The most up-to-date market analysis A Butyraldehyde market survey, which covers 20+ countries and key categories and provides an outlook, is also available.

» Insights and forecasts on Butyraldehyde market drivers, trends, and influencing factors are also included in the study.

𝗧𝗵𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 𝘀𝗵𝗲𝗱𝘀 𝗹𝗶𝗴𝗵𝘁 𝗼𝗻 𝘃𝗮𝗿𝗶𝗼𝘂𝘀 𝗮𝘀𝗽𝗲𝗰𝘁𝘀 𝗮𝗻𝗱 𝗮𝗻𝘀𝘄𝗲𝗿𝘀 𝗽𝗲𝗿𝘁𝗶𝗻𝗲𝗻𝘁 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁:

✔ What is the value of industry's global sales, production, consumption, import, and export?

✔ Who are the key manufacturers in the Butyraldehyde Industry on a global scale? What is the state of their business?

✔ What are the opportunities and threats that the vendors in the global Butyraldehyde Industry face?

✔ Which application, end-user, or product category might be looking for incremental growth opportunities?

✔ What specific strategy and constraints are keeping the market afloat?

✔ In the global industry, what are the various sales, marketing, and distribution channels?

Key Reasons to Purchase the Butyraldehyde Market Report :

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➸ Data on demand and supply forces, as well as their impact on the market, can be found at the regional, sub-regional, and country levels.
➸ As a result of new developments, strategies, and market share gains by key players, the competitive landscape has shifted dramatically in the last three years.
➸ Companies that provide a wide range of services, including financial data, current events, SWOT analyses, and strategies.

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