In Germany, maximum expansions and agreements are held to enhance the market regarding N-Butanol and its uses. In January 2015, The BASF has announced to increase its production capacity for chemical intermediates. In 2012, BASF has announced to invest in acrylic acid plant in order to sustain its strategy of forward integration. BASF and SINOPEC has initiated their second phase of integrate petrochemical site in the same year, which includes the construction of new acrylic acid and butyl acrylate facilities, which will strengthen the value chain of n-butanol. Perstrop Oxo AB has invested in new plant for the production of various products including plasticizers, 2 –PH alcohol, and others. This may result in the increased production of n-butanol.
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In addition, there is competition in the export business of n-butanol because the domestic demand is stagnant in the region. At the same time, major six manufactures of n-butanol in the world are concentrated in Europe. The increasing demand of butyl acrylate and glycol ether in the end-use applications, such as paints, dispersion of paints, water-based industrial paints, coatings, adhesives, inks and others have also fuelled the market growth. The declining prices of natural gas price in the European region have enabled the producers to take advantage of low prices of feedstock for the production of n-butanol, and develop a strong export market.
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The market in Germany accounted the largest share of the European N-Butanol market. The largest share is the result of maximum mergers & acquisitions, and expansions happened due to the presence of the key players in the country. Also, factors, such as increasing demand of butyl acrylate and glycol ether, awareness about bio-fuels and its advantages, and high price of shale gas has driven the market growth in this region.
In-depth profiling of the key players have been conducted, along with the recent developments (including new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the North American N-Butanol market.
BASF SE (Germany), OXEA Corporation (U.S.), Oxochimie, Perstrop Oxo AB, and Grupa Azoty are the major key players in the region.
