Middle East and Africa Tert Butanol Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Purity (> 99 and ? 99), Application (Solvents and Intermediates, Ethanol Denaturants, MTBEs and ETBEs, Methylmethacrylates (MMAs), and Others), and End Use Industry (Flavours and Fragrances, Paints and Coatings, Pharmaceuticals, and Others)

Code: TIPRE00025806 | Pages: 138 | Industry: Chemicals and Materials | Date: Nov 2021
Covid

Market Introduction

The tert butanol market in Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East and Africa. Strong economic growth in countries across the region is creating a platform for the growth and expansion of the market in the region. In comparison to other regions, coating consumption in the Middle East & Africa is low. However, as economies from the region continue to evolve, sales of coatings have increased substantially. Saudi Arabia is one of the major markets for paint and coatings in the region. Paint & coatings demand in the UAE has been steadily increasing due to the growing construction sector and rising demand from industrial segments. The automotive industry in South Africa is the most important manufacturing industry in the region. Moreover, growing demand for fragrance products drives the growth of the tert butanol market. A few players operating in the Middle East & Africa tert butanol market are Evonik Industries AG; LyondellBasell Industries Holdings B.V.; and Tokyo Chemical Industry Co., Ltd. With the growth of various end-use industries such as paint and coatings and many others in the region, the demand for tert butanol is expected to grow during the forecast period.

In the MEA region, the worse-affected countries Turkey, South Africa, Iraq, Israel, and others are among the major countries with high number of COVID-19 confirmed cases and deaths. According to International Finance Corporation, the COVID-19 pandemic has a severe impact upon the economy of the Middle East & Africa which has led to decline in oil production, tourism, and remittances. The MEA region comprises many growing economies, which are prospective markets for tert butanol vendors. The pandemic has significantly slowed down the growth of tert butanol market in the region.


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Market Overview and Dynamics

The tert butanol market in Middle East & Africa is expected to grow from US$ 452.57 million by 2028 from US$ 360.19 million in 2021. The market is estimated to grow at a CAGR of 3.3% from 2021 to 2028. Organic solvents such as tert-butyl alcohol provide many benefits for freeze-dried formulations. These include increasing the solubility of hydrophobic drugs, reducing drying time, improving product stability, and improving reconstitution characteristics. Tert-butanol has a high freezing point (24 ° C), crystallizes primarily at room temperature, and will sublimate during the freezing process. TBA completely crystallizes during the freezing stage and exhibits long, needle-shaped ice crystals. It also produces a lower cake resistance during the drying stage and has a larger surface area. Tert-butanol is gradually becoming the tender freeze-drying agent in the biomedical industry. The evolving nature of the pharmaceutical industry and increasing research activities have necessitated the preservation of vaccines, blood samples, purified proteins, and many other biological materials. Tert-butanol is a solvent with high vapor pressure, low toxicity, and low melting point, and it is the best freeze-drying agent. Manufacturers are capitalizing on this trend by strengthening ties and partnerships with raw material suppliers and pharmaceutical industry service providers to capitalize on the industry's market potential. They place considerable emphasis on the development of high purity tert butanol that is optimal for pharmaceutical applications. Tert butanol is used as a freeze-drying agent in the manufacture of pharmaceutical compounds. Freeze-drying or lyophilization is used to remove ice or other frozen solvents from the material. They are used to store vaccines, blood samples, purified proteins, and other biological materials. The growing demand for lyophilized agents in the biotech and biomedical industries to preserve vaccines, blood samples, purified proteins, and other biological materials is expected to present a lucrative opportunity for tert butanol manufacturers. Thus, increasing demand for freeze-drying agents in the pharmaceutical industry is expected to propel the tert butanol market growth.

Key Market Segments

In terms of purity, the ≥99 accounted for the largest share of the Middle East & Africa tert butanol market in 2020. In term of end use, paints and coatings held a larger market share of the tert butanol market in 2020. Further, in term of application, the solvents and intermediates held a larger market share of the tert butanol market in 2020

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on tert butanol market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are The Sherwin-Williams Company; Kobra Paint - Spray Art Technologies; Montana Colors S.L.; Nippon Paint Holdings Co., Ltd; PPG Industries Inc.; Rust Oleum; Masterchem Industries LLC; Plutonium Paint; and AVT Paints Pty Ltd among others.

Reasons to buy report

  • To understand the Middle East & Africa tert butanol market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Middle East & Africa tert butanol market
  • Efficiently plan M&A and partnership deals in Middle East & Africa tert butanol market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Middle East & Africa tert butanol market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Middle East & Africa region.

Middle East & Africa Tert Butanol Market Segmentation

 

Middle East & Africa Tert Butanol Market – By Purity

  • ≥99
  • ≤99

Middle East & Africa Tert Butanol Market – By End Use

  • Flavors and Fragrances
  • Paints and Coatings
  • Pharmaceuticals
  • Others

 Middle East & Africa Tert Butanol Market – By Application

  • Solvents and Intermediates
  • Ethanol Denaturants
  • MTBEs and ETBEs
  • Methylmethacrylates (MMAs)
  • Others

Middle East & Africa Tert Butanol Market – By Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa

Middle East & Africa Tert Butanol Market – Companies Mentioned

  • Alfa Aesar
  • Evonik
  • FINAR CHEMICALS
  • KURARAY CO., LTD.
  • LOTTE CHEMICAL TITAN HOLDING BERHAD
  • LyondellBasell Industries Holdings B.V.
  • Merck KGaA                        
  • Tiande Chemical Holdings Limited
  • Tokyo Chemical Industry Co., Ltd.

TABLE OF CONTENTS

1.          Introduction

1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

2.          Key Takeaways

3.          Research Methodology

3.1        Scope of the Study

3.2        Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.          Middle East & Africa Tert Butanol – Market Landscape

4.1        Market Overview

4.2        Porter’s Five Forces Analysis

4.2.1        Bargaining Power of Suppliers

4.2.2        Bargaining Power of Buyers

4.2.3        Threat of Substitutes

4.2.4        Threat of New Entrants

4.2.5        Competitive Rivalry

4.3        Ecosystem Analysis

4.3.1        Raw Material:

4.3.2        Manufacturing/Processing:

4.3.3        End Users:

4.4        Production Process of Tert Butanol

4.4.1        Preparation of Raw Material Stage

4.4.2        Formation of Tertiary Butyl

4.4.3        Purification Stage

4.5        Expert Opinion

5.          Tert Butanol Market – Key Market Dynamics

5.1        Market Drivers

5.1.1        Fostering Demand For Tert Butanol From end Use Industries

5.1.2        Boosting Demand for Freeze-Drying Agents in Pharmaceutical Industry

5.2        Market Restraints

5.2.1        Rigorous Regulations On VOC-Emitting Solvents

5.3        Market Opportunities

5.3.1        Emergent Use Of Tertiary Butanol In Cosmetic Alcohols

5.4        Impact Analysis of Drivers and Restraint

6.          Middle East & Africa Tert Butanol – Market Analysis

6.1        Market Overview

6.2        Middle East & Africa Tert Butanol Market – Revenue Forecasts to 2028 (US$ Million)

7.          Middle East & Africa Tert Butanol Market Analysis – By Purity

7.1        Overview

7.2        Middle East & Africa Tert Butanol Market, By Purity (2020 and 2028)

7.3        >99

7.3.1        >99: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

7.3.2        >99: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

7.4        ≤99

7.4.1        ≤99: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

7.4.2        ≤99: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

8.          Middle East & Africa Tert Butanol Market Analysis – By End Use Industry

8.1        Overview

8.2        Middle East & Africa Tert Butanol Market, By End Use Industry (2020 and 2028)

8.3        Flavors and Fragrances

8.3.1        Overview

8.3.2        Flavors and Fragrances: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

8.3.3        Flavors and Fragrances: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

8.4        Paints and Coatings

8.4.1        Overview

8.4.2        Paints and Coatings: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

8.4.3        Paints and Coatings: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

8.5        Pharmaceuticals

8.5.1        Overview

8.5.2        Pharmaceuticals: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

8.5.3        Pharmaceuticals: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

8.6        Others

8.6.1        Overview

8.6.2        Others: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

8.6.3        Others: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

9.          Middle East & Africa Tert Butanol Market Analysis – By Application

9.1        Overview

9.2        Middle East & Africa Tert Butanol Market, By Application (2020 and 2028)

9.3        Solvents and Intermediates

9.3.1        Overview

9.3.2        Solvents and Intermediates: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

9.3.3        Solvents and Intermediates: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

9.4        Ethanol Denaturants

9.4.1        Overview

9.4.2        Ethanol Denaturants: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

9.4.3        Ethanol Denaturants: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

9.5        MTBEs and ETBEs

9.5.1        Overview

9.5.2        MTBEs and ETBEs: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

9.5.3        MTBEs and ETBEs: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

9.6        Methylmethacrylates (MMAs)

9.6.1        Overview

9.6.2        Methylmethacrylates (MMAs): Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

9.6.3        Methylmethacrylates (MMAs): Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

9.7        Others

9.7.1        Overview

9.7.2        Others: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

9.7.3        Others: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

10.       Middle East & Africa Tert Butanol Market – Country Analysis

10.1      Overview

10.1.1     Middle East and Africa: Tert Butanol Market, by Key Country

10.1.1.1       South Africa: Tert Butanol Market –Analysis and Forecast to 2028 (US$ Million)

10.1.1.1.1       South Africa: Tert Butanol Market, by Purity

10.1.1.1.2       South Africa: Tert Butanol Market, by End Use Industry

10.1.1.1.3       South Africa: Tert Butanol Market, by Application

10.1.1.2       Saudi Arabia: Tert Butanol Market –Analysis and Forecast to 2028 (US$ Million)

10.1.1.2.1       Saudi Arabia: Tert Butanol Market, by Purity

10.1.1.2.2       Saudi Arabia: Tert Butanol Market, by End Use Industry

10.1.1.2.3       Saudi Arabia: Tert Butanol Market, by Application

10.1.1.3       UAE: Tert Butanol Market –Analysis and Forecast to 2028 (US$ Million)

10.1.1.3.1       UAE: Tert Butanol Market, by Purity

10.1.1.3.2       UAE: Tert Butanol Market, by End Use Industry

10.1.1.3.3       UAE: Tert Butanol Market, by Application

10.1.1.4       Rest of the Middle East and Africa: Tert Butanol Market –Analysis and Forecast to 2028 (US$ Million)

10.1.1.4.1       Rest of the Middle East and Africa: Tert Butanol Market, by Purity

10.1.1.4.2       Rest of the Middle East and Africa: Tert Butanol Market, by End Use Industry

10.1.1.4.3       Rest of the Middle East and Africa: Tert Butanol Market, by Application

11.       Middle East & Africa Tert Butanol Market – Impact of COVID-19

11.1      Impact Assessment of COVID-19 Pandemic

12.       Company Profiles

12.1      Alfa Aesar

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Evonik

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      FINAR CHEMICALS

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      KURARAY CO., LTD.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      LOTTE CHEMICAL TITAN HOLDING BERHAD

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      LyondellBasell Industries Holdings B.V.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Merck KGaA

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Tiande Chemical Holdings Limited

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Tokyo Chemical Industry Co., Ltd.

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

13.       Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.            Middle East & Africa Tert Butanol Market –Revenue Forecast to 2028 (US$ Million)

Table 2.            South Africa Tert Butanol Market, by Purity – Revenue and Forecast to 2028 (US$ Million)

Table 3.            South Africa Tert Butanol Market, by Purity – Volume and Forecast to 2028 (Kilo Tons)

Table 4.            South Africa Tert Butanol Market, by End Use Industry– Revenue and Forecast to 2028 (US$ Million)

Table 5.            South Africa Tert Butanol Market, by End Use Industry– Volume and Forecast to 2028 (Kilo Tons)

Table 6.            South Africa Tert Butanol Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 7.            South Africa Tert Butanol Market, by Application– Volume and Forecast to 2028 (Kilo Tons)

Table 8.            Saudi Arabia Tert Butanol Market, by Purity – Revenue and Forecast to 2028 (US$ Million)

Table 9.            Saudi Arabia Tert Butanol Market, by Purity – Volume and Forecast to 2028 (Kilo Tons)

Table 10.          Saudi Arabia Tert Butanol Market, by End Use Industry– Revenue and Forecast to 2028 (US$ Million)

Table 11.          Saudi Arabia Tert Butanol Market, by End Use Industry– Volume and Forecast to 2028 (Kilo Tons)

Table 12.          Saudi Arabia Tert Butanol Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 13.          Saudi Arabia Tert Butanol Market, by Application– Volume and Forecast to 2028 (Kilo Tons)

Table 14.          UAE Tert Butanol Market, by Purity – Revenue and Forecast to 2028 (US$ Million)

Table 15.          UAE Tert Butanol Market, by Purity – Volume and Forecast to 2028 (Kilo Tons)

Table 16.          UAE Tert Butanol Market, by End Use Industry– Revenue and Forecast to 2028 (US$ Million)

Table 17.          UAE Tert Butanol Market, by End Use Industry– Volume and Forecast to 2028 (Kilo Tons)

Table 18.          UAE Tert Butanol Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 19.          UAE Tert Butanol Market, by Application– Volume and Forecast to 2028 (Kilo Tons)

Table 20.          Rest of the Middle East & Africa Tert Butanol Market, by Purity – Revenue and Forecast to 2028 (US$ Million)

Table 21.          Rest of the Middle East & Africa Tert Butanol Market, by Purity – Volume and Forecast to 2028 (Kilo Tons)

Table 22.          Rest of the Middle East & Africa Tert Butanol Market, by End Use Industry– Revenue and Forecast to 2028 (US$ Million)

Table 23.          Rest of the Middle East & Africa Tert Butanol Market, by End Use Industry– Volume and Forecast to 2028 (Kilo Tons)

Table 24.          Rest of the Middle East & Africa Tert Butanol Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 25.          Rest of the Middle East & Africa Tert Butanol Market, by Application– Volume and Forecast to 2028 (Kilo Tons)

Table 26.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Middle East & Africa Tert Butanol Market Segmentation

Figure 2.           Middle East & Africa Tert Butanol Market Segmentation – By Country

Figure 3.           Middle East & Africa Tert Butanol Market Overview

Figure 4.           Paints and Coatings Segment Held Largest Share of Middle East & Africa Tert Butanol Market

Figure 5.           Rest of MEA Region Held Largest Share of Middle East & Africa Tert Butanol Market

Figure 6.           Porter ‘s Five Forces Analysis for Tert Butanol Market

Figure 7.           Ecosystem: Tert Butanol

Figure 8.           Expert Opinion

Figure 9.           Middle East & Africa Tert Butanol Market Impact Analysis of Driver and Restraint

Figure 10.        Middle East & Africa Tert Butanol Market – Revenue Forecast to 2028 (US$ Million)

Figure 11.        Middle East & Africa Tert Butanol Market Revenue Share, By Purity (2020 and 2028)

Figure 12.        >99: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        >99: Tert Butanol Market – Volume and Forecast ro 2028 (Kilo Tons)

Figure 14.        ≤99: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        ≤99: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 16.        Middle East & Africa Tert Butanol Market Revenue Share, By End Use Industry (2020 and 2028)

Figure 17.        Flavors and Fragrances: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Flavors and Fragrances: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 19.        Paints and Coatings: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Paints and Coatings: Tert Butanol Market – Volume and Forecast To 2028 (Kilo Tons)

Figure 21.        Pharmaceuticals: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Pharmaceuticals: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 23.        Others: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Others: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 25.        Middle East & Africa Tert Butanol Market Revenue Share, By Application (2020 and 2028)

Figure 26.        Solvents and Intermediates: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Solvents and Intermediates: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 28.        Ethanol Denaturants: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Ethanol Denaturants: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 30.        MTBEs and ETBEs: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Methylmethacrylates (MMAs): Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32.        Methylmethacrylates (MMAs): Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 33.        Others: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34.        Others: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 35.        Geographic Overview of Middle East & Africa Tert Butanol Market

Figure 36.        Middle East And Africa: Tert Butanol Market Revenue Share, By Key Country (2020 And 2028)

Figure 37.        South Africa: Tert Butanol Market –Revenue and Forecast to 2028 (US$ Million)

Figure 38.        South Africa: Tert Butanol Market –Volume and Forecast to 2028 (Kilo Tons)

Figure 39.        Saudi Arabia: Tert Butanol Market –Revenue and Forecast to 2028 (US$ Million)

Figure 40.        Saudi Arabia: Tert Butanol Market –Volume and Forecast to 2028 (Kilo Tons)

Figure 41.        UAE: Tert Butanol Market –Revenue and Forecast to 2028 (US$ Million)

Figure 42.        UAE: Tert Butanol Market –Volume and Forecast to 2028 (Kilo Tons)

Figure 43.        Rest of the Middle East and Africa: Tert Butanol Market –Revenue and Forecast to 2028 (US$ Million)

Figure 44.        Rest of the Middle East and Africa: Tert Butanol Market –Volume and Forecast to 2028 (Kilo Tons)

Figure 45.        Impact of COVID-19 Pandemic in Middle East and Africa

  1. Alfa Aesar
  2. Evonik
  3. FINAR CHEMICALS
  4. KURARAY CO., LTD.
  5. LOTTE CHEMICAL TITAN HOLDING BERHAD
  6. LyondellBasell Industries Holdings B.V.
  7. Merck KGaA
  8. Tiande Chemical Holdings Limited
  9. Tokyo Chemical Industry Co., Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa tert butanol market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa tert butanol market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the tert butanol market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  
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