Tert-Butanol Manufacturers Going Green as Governments Crack Down on VOC Emitting Solvents, says TMR

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Research
Tert-butanol Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 - 2024
Published Date
18-July-2016
151 Page Report
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Tert-Butanol Manufacturers Going Green as Governments
Crack Down on VOC Emitting Solvents, says TMR
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Tert-butanol Market
REPORT DESCRIPTION
Tert-butanol Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
The top five companies competing in the global tert-butanol market, namely LyondellBasell Industries Holdings
B.V., Lotte Chemical Titan Corporation, Evonik Industries AG, TonenGeneral Sekiyu K.K., and Merck KGaA,
accounted for a share of 43.2% in 2015. This reflects the moderately consolidated nature of the market.
Analyzing the medium-level of competition among these and other players, Transparency Market Research
has zeroed in on extensive research and development as the key strategy adopted by most. R&D activities
focused on increasing the effectiveness of tert-butanol applications have surged in recent times.
“Mergers and acquisitions are also a go-to growth strategy for both established and smaller players,” the
author of the study observes. Over the past few years, prominent companies such as Merck KGaA and
TonenGeneral Sekiyu K.K. have been expanding their businesses in newer product lines and regions to gain
market share. In July 2015, TonenGeneral acquired Kyokuto Petroleum Industries, Ltd. to strengthen its
domestic presence and expand its product portfolio. Merck Life Sciences, in November 2015, acquired SigmaAldrich to emerge as one of the most leading players.
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The development of bio-based solvents is yet another opportunity that players in the tert-butanol market can
capitalize on. “Presently, strict government regulations pertaining to VOC emissions restrict a number of
players owing to the harmful effects associated with chemical and industrial solvents,” the analyst states.
“However, this has encouraged manufacturers to move away from petroleum-based solvents and instead,
focus on developing environment-friendly products.”
Rapid Economic Growth a Major Driving Force
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Tert-butanol Market
Considering that the demand for tert-butanol stems mainly from its application in paints and coatings and
fragrances and flavors, the tert-butanol market is driven primarily by the rapid growth of the automobile,
construction, and foods and beverages industries.
“Asia Pacific has, over the years, emerged as an increasingly lucrative investment option for players in the tertbutanol market,” a TMR analyst states. Rapid industrialization and urbanization in countries such as China,
India, and Japan has resulted in the massive expansion of the building and construction sector. In addition,
economic growth has spurred the rise in disposable income, furthering the demand for automobiles. This has
led to the increasing use of paints and coatings as well as tert-butanol. The constantly-rising population in the
APAC region has also contributed toward the escalating demand for food and beverages, boosting the demand
for tert-butanol as a key flavoring ingredient.
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Asia Pacific to Remain in the Limelight throughout Forecast Period
The global opportunity in the tert-butanol market is poised to be worth US$2.6 bn by 2024, TMR predicts, rising
from US$1.5 bn in 2015 at a 6.2% CAGR therein. By volume, the market is projected to register a 5.4% CAGR
during the forecast period. Asia Pacific dominated the global tert-butanol market in 2015, with a share of over
40% that year. In addition to retaining its lead through 2024, the region is also anticipated to emerge as the
most rapidly growing segment. Paints and coatings formed the leading end-use segment in 2015, accounting
for a share of almost 40% by volume. On the other hand, the pharmaceuticals segment is expected to develop
at the fastest pace by revenue as well as volume, registering a respective CAGR of 6.6% and 5.8% from 2016
to 2024.
This review is based on the findings of a TMR report titled “Tert-butanol Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2016-2024.”
Tert-butanol Market: End-user Segment Analysis
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Tert-butanol Market
•
Paints & Coatings
•
Flavors & Fragrance
•
Pharmaceuticals
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Others
Tert-butanol Market: Regional Analysis
North America
•
U.S.
•
Rest of North America
Europe
•
France
•
U.K.
•
Spain
•
Germany
•
Italy
•
Rest of Europe
Asia Pacific
•
China
•
Japan
•
ASEAN
•
Rest of Asia Pacific
Latin America
•
Brazil
•
Rest of Latin America
Middle East & Africa (MEA)
•
GCC
•
South Africa
•
Rest of MEA
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Tert-butanol Market
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TABLE OF CONTENT
1. Preface
1.1. Report Description
1.2. Market Segmentation
1.3. Report Scope
1.4. Assumptions
1.5. Research Methodology
2. Executive Summary
2.1. Global Tert-butanol Market, (Kilo Tons) (US$ Mn), 2015–2024
2.2. Global Tert-butanol Market: Snapshot
3. Tert-butanol Market – Industry Analysis
3.1. Introduction
3.2. Value Chain Analysis
3.3. Market Drivers
3.3.1. Rising Demand for Paints and Coatings due to Growth in Construction and Automobile Industries
3.3.2. Increasing Sales of Food & Beverages and Personal Care Products
3.4. Restraints
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Tert-butanol Market
3.4.1. Government regulations against VOC emitting solvents
3.5. Opportunity
3.5.1. Potential freeze-drying agent for pharmaceutical compounds
3.6. Porter’s Five Forces Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. Global Tert-butanol Market Attractiveness, by Region/Country, 2015
3.8. Global Tert-butanol Market Attractiveness, by End-user, 2015
3.9. Logistics Analysis
3.10. Company Market Share, 2015
4. Raw Material, Manufacturing, and Price Trend Analysis
4.1. Raw Material Analysis
4.2. Manufacturing Process
4.3. Tert-butanol Grades
4.4. Global Average Tert-butanol Price Trend, 2015–2024 (US$/KG)
4.5. Cost Analysis of Manufacturing Process for a 10 Kilo Ton Capacity Plant
5. Global Tert-butanol Market – End-user Segment Analysis
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5.1. Global Tert-butanol Market: End-user Segment Overview
5.2. Global Tert-butanol Market for Paints & Coatings (Kilo Tons) (US$ Mn), 2015– 2024
5.3. Global Tert-butanol Market for Flavors & Fragrance (Kilo Tons) (US$ Mn), 2015–2024
5.4. Global Tert-butanol Market for Pharmaceuticals (Kilo Tons) (US$ Mn), 2015–2024
5.5. Global Tert-butanol Market for Others (Kilo Tons) (US$ Mn), 2015–2024
6. Global Tert-butanol Market - Regional Analysis
6.1. Global Tert-butanol Market: Regional Overview
6.2. North America Tert-butanol Market, 2015 and 2024
6.2.1. North America Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.2.2. North America Tert-butanol Market Revenue, by End-user Segment (US$ Thousand), 2015–2024
6.2.3. U.S Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.2.4. U.S Tert-butanol Market Revenue, by End-user Segment (US$ Thousand), 2015–2024
6.2.5. Rest of North America Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.2.6. Rest of North America Tert-butanol Market Revenue, by End-user Segment (US$ Thousand),
2015–2024
6.3. Europe Tert-butanol Market, 2015 and 2024
6.3.1. Europe Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.3.2. Europe Tert-butanol Market Revenue, by End-user Segment (US$ Thousand), 2015–2024
6.3.3. France Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.3.4. France Tert-butanol Market Revenue, by End-user Segment (US$ Thousand), 2015–2024
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6.3.5. U.K. Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.3.6. U.K. Tert-butanol Market Revenue, by End-user Segment (US$ Thousand), 2015–2024
6.3.7. Spain Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.3.8. Spain Tert-butanol Market Revenue, by End-user Segment (US$ Thousand), 2015–2024
6.3.9. Germany Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.3.10. Germany Tert-butanol Market Revenue, by End-user Segment (US$ Thousand), 2015–2024
6.3.11. Italy Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.3.12. Italy Tert-butanol Market Revenue, by End-user Segment (US$ Thousand), 2015–2024
6.3.13. Rest of Europe Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.3.14. Rest of Europe Tert-butanol Market Revenue, by End-user Segment (US$ Thousand), 2015–
2024
6.4. Asia Pacific Tert-butanol Market, 2015 and 2024
6.4.1. Asia Pacific Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.4.2. Asia Pacific Tert-butanol Market Revenue, by End-user Segment (US$ Thousand), 2015–2024
6.4.3. China Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.4.4. China Tert-butanol Market Revenue, by End-user Segment (US$ Thousand), 2015–2024
6.4.5. Japan Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.4.6. Japan Tert-butanol Market Revenue, by End-user Segment (US$ Thousand), 2015–2024
6.4.7. ASEAN Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.4.8. ASEAN Tert-butanol Market Revenue, by End-user Segment (US$ Thousand), 2015–2024
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6.4.9. Rest of Asia Pacific Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.4.10. Rest of Asia Pacific Tert-butanol Market Revenue, by End-user Segment (US$ Thousand),
2015–2024
6.5. Latin America Tert-butanol Market, 2015 and 2024
6.5.1. Latin America Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.5.2. Latin America Tert-butanol Market Revenue, by End-user Segment (US$ Thousand), 2015–2024
6.5.3. Brazil Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.5.4. Brazil Tert-butanol Market Revenue, by End-user Segment (US$ Thousand), 2015–2024
6.5.5. Rest of Latin America Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.5.6. Rest of Latin America Tert-butanol Market Revenue, by End-user Segment (US$ Thousand),
2015–2024
6.6. Middle East & Africa Tert-butanol Market, 2015 and 2024
6.6.1. Middle East & Africa Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.6.2. Middle East & Africa Tert-butanol Market Revenue, by End-user Segment (US$ Thousand),
2015–2024
6.6.3. GCC Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.6.4. GCC Tert-butanol Market Revenue, by End-user Segment (US$ Thousand), 2015–2024
6.6.5. South Africa Tert-butanol Market Volume, by End-user Segment (Tons), 2015–2024
6.6.6. South Africa Tert-butanol Market Revenue, by End-user Segment (US$ Thousand), 2015–2024
6.6.7. Rest of Middle East & Africa Tert-butanol Market Volume, by End-user Segment (Tons), 2015–
2024
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6.6.8. Rest of Middle East & Africa Tert-butanol Market Revenue, by End-user Segment (US$
Thousand), 2015–2024
7. Company Profiles
7.1. Merck KGaA
7.1.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
7.1.2. Business Overview
7.1.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries
7.1.4. Business Strategy
7.1.5. Recent Developments
7.1.6. Financial Details by Segment & Region
7.2. Evonik Industries AG
7.2.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
7.2.2. Business Overview
7.2.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries
7.2.4. Business Strategy
7.2.5. Recent Developments
7.2.6. Financial Details by Segment & Region
7.3. LyondellBasell Industries Holdings B.V.
7.3.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
7.3.2. Business Overview
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7.3.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries
7.3.4. Business Strategy
7.3.5. Recent Developments
7.3.6. Financial Details by Segment & Region
7.4. Tiande Chemical Holdings Limited
7.4.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
7.4.2. Business Overview
7.4.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries
7.4.4. Business Strategy
7.4.5. Recent Developments
7.4.6. Financial Details by Segment & Region
7.5. Tokyo Chemical Industry Co., Ltd.
7.5.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
7.5.2. Business Overview
7.5.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries
7.5.4. Business Strategy
7.5.5. Recent Developments
7.5.6. Financial Details by Segment & Region
7.6. Kuraray Co., Ltd
7.6.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
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7.6.2. Business Overview
7.6.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries
7.6.4. Business Strategy
7.6.5. Recent Developments
7.6.6. Financial Details by Segment & Region
7.7. AppliChem GmbH
7.7.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
7.7.2. Business Overview
7.7.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries
7.7.4. Business Strategy
7.7.5. Recent Developments
7.7.6. Financial Details by Segment & Region
7.8. Sisco Research Laboratories Pvt. Ltd.
7.8.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
7.8.2. Business Overview
7.8.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries
7.8.4. Business Strategy
7.8.5. Recent Developments
7.8.6. Financial Details by Segment & Region
7.9. Struchem Co., Ltd.
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7.9.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
7.9.2. Business Overview
7.9.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries
7.9.4. Business Strategy
7.9.5. Recent Developments
7.9.6. Financial Details by Segment & Region
7.10. Zibo Qixiang Petrochemical Industry Group Co., Ltd.
7.10.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
7.10.2. Business Overview
7.10.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries
7.10.4. Business Strategy
7.10.5. Recent Developments
7.10.6. Financial Details by Segment & Region
7.11. Capot Chemical Co., Ltd.
7.11.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
7.11.2. Business Overview
7.11.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries
7.11.4. Business Strategy
7.11.5. Recent Developments
7.11.6. Financial Details by Segment & Region
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7.12. Lotte Chemical Titan Corporation
7.12.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
7.12.2. Business Overview
7.12.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries
7.12.4. Business Strategy
7.12.5. Recent Developments
7.12.6. Financial Details by Segment & Region
7.13. TonenGeneral Sekiyu K.K.
7.13.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
7.13.2. Business Overview
7.13.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries
7.13.4. Business Strategy
7.13.5. Recent Developments
7.13.6. Financial Details by Segment & Region
7.14. Alfa Aesar
7.14.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
7.14.2. Business Overview
7.14.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries
7.14.4. Business Strategy
7.14.5. Recent Developments
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7.14.6. Financial Details by Segment & Region
7.15. Finar Limited
7.15.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
7.15.2. Business Overview
7.15.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries
7.15.4. Business Strategy
7.15.5. Recent Developments
7.15.6. Financial Details by Segment & Region
7.16. Avantor Performance Materials
7.16.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
7.16.2. Business Overview
7.16.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries
7.16.4. Business Strategy
7.16.5. Recent Developments
7.16.6. Financial Details by Segment & Region
7.17. Maruzen Petrochemical
7.17.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
7.17.2. Business Overview
7.17.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries
7.17.4. Business Strategy
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7.17.5. Recent Developments
7.17.6. Financial Details by Segment & Region
8. Primary Research – Key Findings
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The top five companies competing in the global tert-butanol market, namely LyondellBasell Industries Holdings B.V., Lotte Chemical Titan Corporation, Evonik Industries AG, TonenGeneral Sekiyu K.K., and Merck KGaA, accounted for a share of 43.2% in 2015. This reflects the moderately consolidated nature of the market. Analyzing the medium-level of competition among these and other players, Transparency Market Research has zeroed in on extensive research and development as the key strategy adopted by most. R&D activities focused on increasing the effectiveness of tert-butanol applications have surged in recent times.