4100.00 Dollar US$ Global TertButanol Market Pune

Published date: July 3, 2020
  • Location: Maximize Market Research Pvt. Ltd., Pune, Pune, Maharashtra, India

Global Tert-Butanol Market was valued US$ 480 Mn. in 2019 and is estimated to grow at CAGR of 3.87 %, to reach US$ 650 Mn. during the forecast period of 2020 to 2027.

Global Tert-Butanol Market

Market Definition:

Tert-Butanol (CH₃)₃COH, also known as tert-Butyl alcohol is a colorless organic compound, which melts near room temperature and widely used as the solvent, paint remover ingredient, ethanol denaturant, gasoline octane booster and perfume. Industrially, t-butanol can be yield by the catalytic hydration of isobutylene.

The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and the same is reflected in our analysis.

Market Dynamics:

The report covers worldwide Tert-Butanol Market size in value and volume with market dynamics by region. All the segments and their detailed analysis of the trends, opportunities, challenges and factors affecting the market analyzed in the report.
Tert-butanol is gradually penetrating the biomedical industry as the freezing agent and is witnessing a noticeable growth owing to the technological advancement, surging research activities and the increasing number of applications in the pharmaceutical industry to purified proteins, blood samples, conserve vaccines, and many other biological materials all over the world. The excellent properties such as optimal freezing agent, low toxicity, high vapour pressure and the low melting solvent are attracting large investment by in the market.
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Global Tert-Butanol Market: Market Segmentation

The report covers competitive analysis of the Tert-Butanol Market in each of the geographical segments thereby providing insight into a market share of the countries.

Based on End User, paints & coating is estimated dominant market and expected to grow in term of revenue at a CAGR of XX% during the forecast period from 2019 to 2027. Tert-Butanol is ideal for industrial employment and is widely used as a solvent in paints & coating applicants on food containers, metal, and industrial cleaning compounds. Tert-butanol is a versatile solvent and reduces the viscosity of resin paints, thereby improving brushing ability and enhancing the flow of paint.

Growth in the construction sector due to the escalating infrastructure development in India, ASEAN and China with growing demand in the automotive industry, is projected to drive the tert-butanol market during the forecast period

Based on product Type, Pharmaceutical Grade is projected to grow at a CAGR of XX% and was valued US$ XX Mn in 2019 forecasted to reach US$ XX % during the forecast period 2019-2027. The leading factor driving the growth is widespread utilization of Tert-Butanol in manufacturing pharmaceutical compounds as a freeze-drying agent. It is drastically used to preserve vaccines, purified proteins, blood samples, and biological materials. Rising demand in the biomedical and biotechnology industries is estimated to provide lucrative opportunities for the manufacturing of tert-butanol.

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