Tert-butanol Market by Product Type, End-User, Application

List of Tables

[192 Pages Report] The Tert-butanol Market size was estimated at USD 657.66 million in 2023 and expected to reach USD 692.83 million in 2024, at a CAGR 5.47% to reach USD 954.87 million by 2030.

Tert-butanol, or 2-methyl-2-propanol (IUPAC name), is a chemical compound with the formula C4H10O. Tert-butanol is a tertiary alcohol characterized by the presence of a hydroxyl group (-OH). Tert-butanol is a colorless liquid or crystalline solid with a mothball-like odor. It is prominently used in the pharmaceutical industry, in the manufacturing of perfumes, and as a denaturant in ethanol formulations. Additionally, tert-butanol serves as an octane booster in gasoline and as an intermediate in the production of other important chemicals, which can used as fuel additives. Global economic growth boosts industrial manufacturing, subsequently increasing demand for chemical intermediates and solvents such as tert-butanol. Innovations in production methods have led to more efficient and cost-effective production of tert-butanol. Furthermore, the expanding pharmaceutical and cosmetic industries require solvents and chemical intermediates, hence driving demand for tert-butanol. However, volatility in raw material prices can lead to market instability, affecting the profitability and supply chain of tert-butanol. Additionally, competition from other solvents and intermediates can limit tert-butanol's market share if substitutes offer better performance or pricing. However, growth in the bio-based products sector could lead to an increased interest in sustainable tert-butanol production methods and create new avenues of growth for the industry. Researching and identifying novel applications of tert-butanol in industries where its unique characteristics can be leveraged can further boost the adoption and use of tert-butanol.

KEY MARKET STATISTICS
Base Year [2023]	USD 657.66 million
Estimated Year [2024]	USD 692.83 million
Forecast Year [2030]	USD 954.87 million
CAGR (%)	5.47%

Product Type: Growing demand for pharmaceutical-grade tert-butanol for the production of antioxidants and active pharmaceutical ingredients(API)

Chemical-grade tert-butanol is primarily utilized within industrial applications that do not require the stringent purity levels necessary for pharmaceutical purposes. This form of tert-butanol is often used as a solvent or a starting material for the synthesis of other chemicals. Additionally, it serves as an intermediate in the manufacture of various chemical products, including paints, coatings, and varnishes. Pharmaceutical-grade tert-butanol is designed to meet the rigorous purity standards required for medical and pharmaceutical products. It is utilized as a solvent in the pharmaceutical industry, particularly in the formulation of active pharmaceutical ingredients (APIs) or for the production of bulk drugs. The stringent specifications ensure that the tert-butanol does not introduce impurities that could affect the safety or efficacy of pharmaceutical products.

End-User: Expanding awareness about personal care products and cosmetics driving adoption of tert-butanol in flavors & fragrance

Tert-butanol finds significant applications in the flavors and fragrance industry due to its characteristic camphor-like odor, which is useful in the production of certain flavors and scents. It is most commonly used as a synthetic aroma chemical that imparts unique notes to perfumes and flavoring agents. The need in this segment is highly dependent on consumer preferences for specific olfactory experiences and the demand for personal and home care products. In the paints and coatings industry, tert-butanol is utilized as a solvent and a raw material in the production of paint thinners, industrial coatings, and the synthesis of other chemicals used in the formulation of coatings. The preference in this sector is usually for solvent-grade tert-butanol, which combines the right balance of volatility, solvency, and price. Tert-butanol serves as an important solvent and intermediate in the pharmaceutical industry. Its application includes drug formulation, where it acts as a solvent or crystallization agent.

Application: Usage of tert-butanol as an intermediate in the production of MTBEs & ETBEs

Tert-butanol serves as a denaturant in ethanol formulations. Denaturants are added to ethanol to make it unfit for human consumption, thereby exempting it from beverage taxes and regulations. Tert-butanol's high volatility and distinct odor are ideal for this purpose, ensuring that the denatured product cannot be easily made palatable. Methyl methacrylates (MMA) production often uses tert-butanol as a solvent or starting material. The preference for tert-butanol in MMA production is due to its solvency properties and ability to participate in the synthesis reactions requiring a tertiary alcohol. MMA manufacturers prioritize tert-butanol for its consistent quality and purity, which are critical for high-grade polymer production. Tert-butanol is an important raw material in the production of important compounds such as methyl tert-butyl ether (MTBE) and ethyl tert-butyl ether (ETBE), which are commonly used as gasoline additives to increase octane and reduce engine knocks. As a solvent, tert-butanol is valued for its high purity and non-toxic nature, making it suitable for pharmaceuticals, cosmetics, and other specialty chemical applications. Need-based preference for tert-butanol as a solvent is due to its ability to dissolve a diverse range of substances, its relatively low melting point, and its compatibility with many organic synthesis processes.

Regional Insights

In the Americas, particularly in the United States and Canada, tert-butanol is majorly used in the production of methyl methacrylate for the polymers and plastics industry. Production facilities in the Americas tend to be robust, focusing on sustainable and efficient manufacturing processes. Integration with refineries is common, leveraging the geographical advantage of crude oil availability. APAC sees a substantial demand for tert-butanol in the pharmaceutical and agrochemical industries, aside from its application in the manufacturing of flavors and fragrances. Emerging economies, such as China and India, also use it to synthesize intermediates in the paints and coatings sector. APAC features a rapidly growing production capacity, with China as a major producer. In EMEA, stricter environmental regulations, particularly in the European Union, mean that tert-butanol is often used in applications where low toxicity and high purity are required. Moreover, its deployment as a cleaner-burning fuel additive aligns with the region's sustainability objectives. EMEA, especially Western Europe, maintains a steady production of tert-butanol with an emphasis on compliance with strict environmental regulations.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Tert-butanol Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Tert-butanol Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Tert-butanol Market, highlighting leading vendors and their innovative profiles. These include Alcohols Limited, Alliance Chemical, Ataman Kimya A.S., Avantor, Inc., CJY Chemical, DUBI CHEM MARINE INTERNATIONAL, Evonik Industries AG, Fengchen Group Co., Ltd., Finar Limited by ACTYLIS, Guangzhou Reullei Pharmaceutical Technology Co., Ltd., Henan GP Chemicals Co., Ltd., Honeywell International Inc., Kuraray Co., Ltd., Labdhi Chem, Lasons India Pvt. Ltd., Lotte Chemical Titan (M) Sdn. Bhd, LyondellBasell Industries N.V., Merck KGaA, Ravago Chemicals, Sisco Research Laboratories Pvt. Ltd., Sudarshan Pharma, Thermo Fisher Scientific Inc., Tiande Chemical Holdings Limited, Tokyo Chemical Industry (India) Pvt. Ltd., Zhejiang Cenway Materials Co., Ltd., and ZiBo Haizheng Chemical Co.,Ltd..

Market Segmentation & Coverage

This research report categorizes the Tert-butanol Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product Type
- Chemical Grade
- Pharmaceutical Grade

End-User
- Flavors & Fragrance
- Paints & Coatings
- Pharmaceuticals

Application
- Ethanol Denaturants
- Methyl Methacrylates (MMA)
- Methyl Tertiary-Butyl Ether & ETBEs
- Solvents & Intermediates

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Tert-butanol Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Tert-butanol Market?

3. What are the technology trends and regulatory frameworks in the Tert-butanol Market?

4. What is the market share of the leading vendors in the Tert-butanol Market?

5. Which modes and strategic moves are suitable for entering the Tert-butanol Market?

Product Code: MRR-521BAA36EA05

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing paints and coatings industry with rapid industrialization
  - 5.1.1.2. Increasing utilization of tert-butanol in the pharmaceutical sector
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuation in prices of raw materials
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing research and development activities to improve the production process of tert-butanol
  - 5.1.3.2. Increasing focus on sustainability and production of eco-friendly solvents
- 5.1.4. Challenges
  - 5.1.4.1. Health and safety hazards regarding the use of tert-butanol
5.2. Market Segmentation Analysis
- 5.2.1. Product Type: Growing demand for pharmaceutical-grade tert-butanol for the production of antioxidants and active pharmaceutical ingredients(API)
- 5.2.2. End-User: Expanding awareness about personal care products and cosmetics driving adoption of tert-butanol in flavors & fragrance
- 5.2.3. Application: Usage of tert-butanol as an intermediate in the production of MTBEs & ETBEs
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Tert-butanol Market, by Product Type

6.1. Introduction
6.2. Chemical Grade
6.3. Pharmaceutical Grade

7. Tert-butanol Market, by End-User

7.1. Introduction
7.2. Flavors & Fragrance
7.3. Paints & Coatings
7.4. Pharmaceuticals

8. Tert-butanol Market, by Application

8.1. Introduction
8.2. Ethanol Denaturants
8.3. Methyl Methacrylates (MMA)
8.4. Methyl Tertiary-Butyl Ether & ETBEs
8.5. Solvents & Intermediates

9. Americas Tert-butanol Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Tert-butanol Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Tert-butanol Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Evonik to Supply Catalyst for New Rohm MMA Plant
- 12.3.2. LyondellBasell Launches Propylene Oxide/Tert-butanol Plant
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio