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Butyraldehyde Market Size (2024 - 2029)

The butyraldehyde market is anticipated to experience growth, driven by its increasing application in the paints and coatings sector, despite challenges posed by health hazards and environmental concerns. The market's expansion was temporarily hindered by the COVID-19 pandemic, which disrupted manufacturing and supply chains. However, recovery is expected as industries resume operations. Opportunities are emerging in the pharmaceutical and agrochemical sectors, contributing to the market's potential growth. The Asia-Pacific region, particularly China and India, leads in market consumption.

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Market Size of Butyraldehyde Industry

Butyraldehyde Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Butyraldehyde Market Key players

*Disclaimer: Major Players sorted in no particular order

Butyraldehyde Market Analysis

The market for Butyraldehyde is projected to register a CAGR of more than 5% during the forecast period (2021-2026).

COVID-19 has negatively impacted the butyraldehyde market. Manufacturing activities were halted due to supply chain disruptions and labour shortages or as a protective measure to stop the spread of virus, thereby negatively affecting the market. Various end-user industries such as agrochemicals, paints & coatings witnessed some major issues due to the COVID-19 pandemic, including the effects of nationwide lockdown, companies moving to source away from China, thereby effecting the market on a short term basis. Butyraldehyde is used as an intermediate in the production of the coatings, the fall in production of coatings has declined the demand for butyraldehyde. However, the market growth is expected to recover in 2021 with the uplift of lockdown and resumed work in many end-user industries.

  • Over the long term, The increasing application in the paints and coatings sector has been driving the market growth.
  • However, the health hazard, as well as environmental threats through direct contact of butyraldehyde and outbreak of coronavirus across the globe, are likely to hinder the growth of the studied market.
  • The growing application of butyraldehyde in the pharmaceutical and agrochemical sectors is likely to provide opportunities for the butyraldehyde market over the next five years.
  • N-Butanol is the most dominating product type of market studied.
  • Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China and India.

Butyraldehyde Industry Segmentation

Butyraldehyde (Butanal) is a colorless, pungent-smelling liquid. It is soluble but partially soluble in water in most organic solvents. It is used as an intermediate in most of the chemical processes. The market is segmented by product type, application, and geography. By product type, the market is segmented into n-butanol, 2-ethylhexanol, polyvinyl butyral, and others. By application paints and coatings, pharmaceutical, agrochemical, polymer, and others. The report also covers the market size and forecasts for the butyraldehyde in 16 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Product Type
N-Butanol
2-Ethylhexanol
Polyvinyl Buthyral
Others
Application
Paints and Coatings
Pharmaceutical
Agrochemical
Polymer
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Butyraldehyde Market Size Summary

The butyraldehyde market is poised for growth, driven by its increasing application in the paints and coatings sector, which is a significant contributor to the market's expansion. Despite the initial setbacks caused by the COVID-19 pandemic, such as supply chain disruptions and reduced manufacturing activities, the market is expected to recover as industries resume operations. The demand for butyraldehyde is particularly strong in the production of N-Butanol, a key ingredient in acrylates used for paints, coatings, adhesives, and textiles. This demand is further bolstered by the rising need for these products across various end-user industries, including construction and infrastructure, which are experiencing steady growth globally.

The Asia-Pacific region dominates the butyraldehyde market, with China and India leading in consumption due to their burgeoning construction industries. The region's market growth is supported by positive trends in paints and coatings, driven by increased investments in construction and infrastructure projects. In China, demographic shifts and rising household incomes are fueling demand in the residential construction sector, while India's large-scale production of cereal crops supports the agrochemicals market. The fragmented nature of the global butyraldehyde market, with numerous players like Mitsubishi Chemical Corporation and BASF SE, indicates a competitive landscape with no single entity holding significant market share. These factors collectively contribute to the anticipated growth of the butyraldehyde market over the forecast period.

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Butyraldehyde Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from Paints and Coatings Sector

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Health and Environmental Hazard of Butyraldehyde

      2. 1.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 N-Butanol

      2. 2.1.2 2-Ethylhexanol

      3. 2.1.3 Polyvinyl Buthyral

      4. 2.1.4 Others

    2. 2.2 Application

      1. 2.2.1 Paints and Coatings

      2. 2.2.2 Pharmaceutical

      3. 2.2.3 Agrochemical

      4. 2.2.4 Polymer

      5. 2.2.5 Others

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Butyraldehyde Market Size FAQs

The Butyraldehyde Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Mitsubishi Chemical Corporation, KH Neochem Co., Ltd, BASF SE, Eastman Chemical Company and Tokyo Chemical Industry Co., Ltd. are the major companies operating in the Butyraldehyde Market.

Butyraldehyde Market Report Snapshots

Butyraldehyde Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)