The global N-butylene oxide 1,2 market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of nearly 7% to 8% during the forecast period spanning from 2022 to 2032. The surge in demand is attributed to the increasing focus on augmenting oil and gas production across key nations such as the U.S., China, Germany, Russia, and India, among others.
N-butylene oxide 1,2, known by various names such as α-Butylene oxide, 1,2-buteneoxide, and 1,2-epoxybutane, is an organic compound renowned for its ethereal odor reminiscent of flowers and fruits. This colorless, volatile liquid, soluble in water and derived through processes like chlorohydrin and direct oxidation of 1-butene, plays a pivotal role in diverse industries.
The versatile properties of N-butylene oxide 1,2, including excellent de-emulsifying, stabilizing, de-foaming, and surfactant characteristics, are driving its demand across industries. The rapid expansion of the chemical sector and increased adoption of chemical reagents and intermediates for synthesis applications are expected to bolster the global market for N-butylene oxide 1,2.
Get an overview of market drivers and challenges affecting this industry! https://www.futuremarketinsights.com/reports/sample/rep-gb-9375
Leading Opportunities Driving N-Butylene Oxide 1,2 Demand
The demand for N-butylene oxide 1,2 is experiencing rapid acceleration, primarily fueled by global industrialization and the heightened use of oil and gas derivatives such as diesel, gasoline, and liquefied petroleum gas (LPG). The surge in crude oil consumption worldwide has prompted governments to intensify production to meet escalating fuel demands.
For example, the Indian government, recognizing this need, allocated approximately US$2.86 billion for drilling over 120 exploration wells, aiming to double oil and gas production by 2022. N-butylene oxide 1,2, utilized extensively as de-emulsifiers in oil and gas production and refinery facilities, is expected to witness increased demand due to such initiatives globally.
Constraints Faced by N-Butylene Oxide 1,2 Market
Despite the promising growth prospects, the market faces challenges driven by environmental concerns. Governments and regulatory bodies across North America, Europe, and Asia Pacific are implementing stringent regulations to reduce the emission of volatile organic compounds (VOCs) and greenhouse gases. Such regulations pose constraints on the usage of N-butylene oxide 1,2, impacting its demand in the global market.
Key Companies Profiled
- Ningbo Inno Pharmche
- Leap Labchem Co., Ltd
- BASF SE
- Tokyo Chemical Industry Co., Ltd.
- Santa Cruz Biotechnology, Inc.
- Kinbester Co., Ltd.
- Hangzhou Dayangchem Co. Ltd.
- DowDupont Inc.
- Merck KGaA
- Haihang Industry Co., Ltd.
- Chemos GmbH & Co. KG
- Zehao Industry Co., Ltd.
Interested in Procure The Data? Inquire here: https://www.futuremarketinsights.com/ask-question/rep-gb-9375
Key Segments Profiled in the N-Butylene Oxide 1,2 Market Survey
By Purity:
- Low Purity (>99%)
- High Purity (99%)
By Application:
- Chemical Intermediate
- Non-ionic Surfactant
- Solvent
- De-emulsifier
- Additives
- Stabilizer
- Defoamer
By End Use:
- Fuel & Lubricants
- Textiles
- Oil & Gas
- Chemicals
- Plastic & Polymers
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube