Market Introduction
The tert butanol market in South America is segmented into Brazil, Argentina, and the Rest of South America. Tert butanol is an important product used in a variety of applications. Evonik Industries AG; LyondellBasell Industries Holdings B.V.; and Tokyo Chemical Industry Co., Ltd. are a few players operating in the South America tert butanol market. Players operating in the region provides product for application in various industries such as fragrance, paint, and coatings etc. Brazil is the largest automotive producer in South America. The growth of fragrance, paint, and coating industries in the region provides lucrative opportunities for the growth of the tert butanol market in the region.
Brazil has been ranked to be third-most affected economy due to COVID-19 pandemic globally. In terms of South America, Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and combat the spread of COVID-19 virus through lockdowns, trade bans, and travel restrictions. This may have a direct impact upon the growth of tert butanol market.
Market Overview and Dynamics
The tert butanol market in South America is expected to grow from US$ 181.84 million in 2021 to US$ 236.13 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028. Tert-Butanol is a clear liquid with a camphor odor. In cosmetics and personal care products, tert-butanol is used in the formulation of perfumes, colognes, hair spray, aftershave lotions, nail polishes, and shaving products. With the increasing investment in research and development activities, manufacturers are coming up with new product applications that suit specific industry requirements. For instance, Evonik Industries AG has proved that tert butanol can also be used as a denaturant in cosmetic alcohols. It may be useful in the manufacturing of cosmetic products or odor enhancers. With the growing consumer preference for different fragrances, the demand for tert butanol is expected to offer lucrative opportunities for the growth of the tert butanol market in the near future for market players.
Key Market Segments
In terms of purity, the ≥99 accounted for the largest share of the South America 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 South America 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
South America Tert Butanol Market Segmentation
South America Tert Butanol Market – By Purity
South America Tert Butanol Market – By End Use
South America Tert Butanol Market – By Application
South America Tert Butanol Market – By Country
South America Tert Butanol Market – Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 181.84 Million |
| Market Size by 2028 | US$ 236.13 Million |
| CAGR (2021 - 2028) | 3.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Purity
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Tert Butanol Market is valued at US$ 181.84 Million in 2021, it is projected to reach US$ 236.13 Million by 2028.
As per our report South America Tert Butanol Market, the market size is valued at US$ 181.84 Million in 2021, projecting it to reach US$ 236.13 Million by 2028. This translates to a CAGR of approximately 3.8% during the forecast period.
The South America Tert Butanol Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Tert Butanol Market report:
The South America Tert Butanol Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Tert Butanol Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Tert Butanol Market value chain can benefit from the information contained in a comprehensive market report.
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