About N-butanol The global N-Butanol Market is forecast to grow at a CAGR 4.5% to 5.5% during the forecast period 2019 to 2024. N-Butanol is flammable that is a clear, colorless liquid. It is used to make further chemicals as a solvent or as an ingredient in formulated products. It has a characteristic banana-like odor. N-Butanol is basically nontoxic to aquatic organisms and microorganisms on critical basis. The material is considered freely biodegradable and not likely to store or persevere in aquatic or terrestrial environments. Trends driving factors and restraints of the n-butanol market: The n- butanol system markets has a developing potential owing to the wide industrial application such as automotive, construction and agrochemicals as solvents, ink, pain ts and adhesives. Moreover, rising disposable income, rapid industrialization and increasing investment of many major players in the market fuels the market growth. However, increasing prices of raw material, shortage of raw material and environment regulations pertaining to n-butanol may hinder the growth of the market. One of the major trend anticipated to boost the market during the forecast period is the development of bio-butanol for industrial applications.
What will the market size from 2018-2024?