06:40 ETN-Butanol Market worth $8.77 billion by 2031 - Exclusive Report by MarketsandMarkets™

prnewswire
2026.05.01 10:40
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The n-butanol market is projected to grow from USD 6.79 billion in 2026 to USD 8.77 billion by 2031, with a CAGR of 5.2%. Key drivers include rising demand for chemical intermediates, high-performance solvents, and growth in sectors like paints, coatings, and pharmaceuticals. Asia Pacific is the fastest-growing region, with a CAGR of 5.4%. The specialty chemicals segment is expected to grow at the highest rate of 5.8%. Major players include BASF, DOW, and MITSUBISHI CHEMICAL GROUP, focusing on capacity expansion and product innovation.