Report Overview

India Iso Butanol Market – Industry Trends & Forecast Report, 2030

India Iso Butanol Market size by value was estimated at USD 476.99 million in 2023. During the forecast period between 2024 and 2030, the India Iso Butanol Market size is projected to grow at a CAGR of 5.42% reaching a value of USD 583.45 million by 2030. A prominent driver of the increasing widespread application of iso butanol as a solvent in various chemical products. Notably, Iso Butanol serves as a crucial feedstock for coating resins, paint thinners, and isobutyl derivatives such as isobutyl acetate, isobutyl methacrylate, and isobutyl acrylate. The pivotal contributor to the demand for iso butanol is the burgeoning construction sector, encompassing both commercial and residential domains. The escalating demand for housing and improved infrastructure, fueled by shifting lifestyles and increased investments, is expected to further propel the utilization of iso butanol in the country. By volume, the India Iso Butanol Market size was estimated at 67.14 thousand tons in 2023. During the forecast period between 2024 and 2030, the India Iso Butanol Market size is projected to grow at a CAGR of 4.94% reaching the volume of 79.34 thousand tons by 2030. Currently, Andhra Petrochemicals Limited stands as the sole entity engaged in the production of oxo alcohols in India, boasting an annual capacity of 3 KTPA specifically for Iso Butanol manufacturing. Additionally, Bharat Petroleum Corporation Limited is venturing into the oxo alcohols sector by expanding its Kochi refinery for oxo alcohols production. The ongoing establishment of an iso butanol unit by BPCL, with a targeted annual capacity of 7 KTPA, is expected to reach completion in the near term. Upon operationalization, projected to occur in the coming years, BPCL’s initiative aims to alleviate the current dependency on imported iso butanol to some extent. However, even with the commencement of the new plant, India is expected to persist in relying on international markets for iso butanol.

Iso Butanol – Overview

Iso butanol, also recognized as isobutyl alcohol, possesses a distinctive odor and is chosen as a raw material due to its low impurity levels. Its applications include serving as an additive in polishes, a component in gasoline for spark-ignition engines, a solvent in inks and cleaners, and a diluent in cellulose nitrate lacquers to prevent coating blushing during drying in humid conditions. The growing utilization of iso butanol in the synthesis of vitamins, camphor, and antibiotics aligns with the advancements in the global medical and pharmaceutical sectors. Additionally, isobutyl acetate, derived from iso butanol, finds application in the food industry as a flavoring agent.

India Iso Butanol Market

Growth Drivers

Rising Construction Activities

The India Iso Butanol Market, integral to the chemical and petrochemical sectors, has undergone notable technological strides. Advanced production processes, catalytic advancements, and heightened automation optimize iso butanol production. This not only reduces resource consumption but also aligns with rising construction activities, where iso butanol serves as a pivotal ingredient in coatings and resins. Enhanced safety, reduced environmental impact, and increased efficiency underscore India's commitment to meet the escalating demands of a booming construction industry.

Challenges

Highly Volatile Raw Material Prices

The India Iso Butanol Market growth faces constraints due to raw material price volatility. Fluctuations in the costs of essential raw materials contribute to uncertainties and challenges within the market. Such volatility can impact production costs, affecting the overall pricing and profitability of iso butanol. The market must navigate these challenges and implement strategic measures to mitigate the impact of raw material price fluctuations, ensuring stability and sustained growth in the iso butanol sector.

Impact of Escalating Geopolitical Tensions on India Iso Butanol Market

Geopolitical tensions can have a multifaceted impact on the India Iso Butanol Market. The sector is susceptible to disruptions in the supply chain, production processes, and pricing dynamics. Trade uncertainties arising from geopolitical tensions may introduce challenges in raw material acquisition and market stability. Fluctuations in global demand patterns and shifting trade dynamics could further influence Iso-butanol market conditions. Stakeholders must navigate these complexities strategically to mitigate potential disruptions and adapt to the evolving geopolitical landscape. As tensions escalate, the India Iso Butanol Market faces a dynamic environment that necessitates proactive measures for sustained resilience and stability in this critical industry.

India Iso Butanol Market

Segmental Coverage

India Iso Butanol Market – By Product Type

By product type, the India Iso Butanol Market is bifurcated into Synthetic Iso Butanol and Bio-based Iso Butanol segments. The synthetic iso butanol segment holds a higher share in the India Iso Butanol Market by product type and is expected to maintain its dominance by product type during the forecast period. It is predominantly driven by its crucial contribution to the manufacturing of alkyd resins and radiation-curable coatings. This prominence is closely tied to the expansion observed in the construction, automotive, and industrial sectors within the country, solidifying its position as the leading force in the market.

India Iso Butanol Market – By End use

On the basis of end use, the India Iso Butanol Market is divided into Plasticizer, Emulsifier, and Paints segments. The plasticizer segment holds the highest share in the India Iso Butanol Market by end use. Iso butanol serves as a key raw material in the synthesis of plasticizers, enhancing the flexibility and durability of plastics used in various industries. Its compatibility with different polymers, coupled with its ability to impart desirable properties to plastic products, has led to its extensive use in the plasticizer sector. The demand for flexible plastics in diverse applications, such as packaging and construction, further propels the prominence of iso butanol in the plasticizer segment, contributing to its highest market share.

India Iso Butanol Market – By Region

Geographically, the India Iso Butanol Market is divided into North India, South India, East India, and West India regions. South India holds the highest market share and is expected to maintain its dominance during the forecast period. Until FY2022, the country relied on imports to meet the demand for iso butanol. Factors reinforcing the region's dominance include well-established industrial infrastructure, access to vital resources, and advantageous geographical positioning. Particularly in states like Tamil Nadu, Karnataka, Andhra Pradesh, and Kerala, the South region hosts a significant proportion of the nation's chemical and petrochemical manufacturing facilities, featuring industrial clusters, chemical parks, and specialized zones dedicated to these industries. This infrastructure has been instrumental in solidifying the region's supremacy in iso butanol production and distribution. Leveraging its strategic geographical location near major ports along the eastern coastline, the South India region ensures streamlined access to critical raw materials like n-butene and isobutylene, essential feedstocks for iso butanol production. This logistical edge guarantees an uninterrupted supply chain for regional manufacturers. Also, the South region boasts a skilled workforce, a conducive business environment, and a well-developed transportation infrastructure, further enhancing its dominance in the iso butanol market. The region’s dominance is attributed to key consumption in Western states like Gujarat and Maharashtra, driven by prominent industries such as Asian Paints. As India's chemical and petrochemical sector undergoes transformative changes, the South region's robust capabilities and strategic advantages position it as a pivotal contributor to the country's industrial progress and the iso butanol market.

Competitive Landscape

Major players operating in India Iso Butanol Market include The Andhra Petrochemicals Limited, Bharat Petroleum Corporation Limited, BASF SE, Meru Chem Pvt Ltd, Central Drug House (P) Ltd, Suvchem, Otto Chemie Pvt Ltd, Muby Chemicals, and Arihant Solvents and Chemicals. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Product Type

• Synthetic Iso Butanol

• Bio-based Iso Butanol

By End Use

• Plasticizer

• Emulsifier

• Paints

By Region

• North India

• South India

• East India

• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Iso Butanol Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rising construction activities
         2. Growing paints and coatings industry
      2. Restraints
         1. Raw material price volatility
         2. Saturation in certain end-use industries or limited application
      3. Opportunities
         1. Growing chemical and pharmaceutical industries
         2. Focus on renewable energy sources
      4. Challenges
         1. Regulatory compliance
         2. Competitive market landscape
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Iso Butanol Market: Marketing Strategies
5. India Iso Butanol Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Thousand Tons)
   2. Market Share & Forecast
      1. By Product Type
         1. Synthetic Iso Butanol
         2. Bio-Based Iso Butanol
      2. By End Use
         1. Plasticizer
         2. Emulsifier
         3. Paints
         4. Others
      3. By Region
         1. North India
         2. South India
         3. East India
         4. West India
6. North India Iso Butanol Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Thousand Tons)
   2. Market Share & Forecast
      1. By Product Type
      2. By End Use
7. South India Iso Butanol Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Thousand Tons)
   2. Market Share & Forecast
      1. By Product Type
      2. By End Use
8. East India Iso Butanol Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Thousand Tons)
   2. Market Share & Forecast
      1. By Product Type
      2. By End Use
9. West India Iso Butanol Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Thousand Tons)
   2. Market Share & Forecast
      1. By Product Type
      2. By End Use
10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Iso Butanol Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
11. India Iso Butanol Market: Import & Export
12. Impact of Escalating Geopolitical Tensions in India Iso Butanol Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. The Andhra Petrochemicals Limited
    2. Bharat Petroleum Corporation Limited
    3. BASF SE
    4. Meru Chem Pvt Ltd
    5. Central Drug House (P) Ltd
    6. Suvchem
    7. Otto Chemie Pvt. Ltd
    8. Muby Chemicals
    9. Arihant Solvents and Chemicals
    10. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
    1.       Qualitative Research
       1.   Primary & Secondary Research
    2.       Quantitative Research
    3.       Market Breakdown & Data Triangulation
       1.   Secondary Research
       2.   Primary Research
    4.       Breakdown of Primary Research Respondents, By Region
    5.       Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       India Iso Butanol Segmentation

Figure 2       India Iso Butanol Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       India Iso Butanol Market Size, By Value (USD Million), 2019–2030

Figure 5       India Iso Butanol Market Size, By Volume (Thousand Tons), 2019–2030

Figure 6       India Iso Butanol Market Share, By Product Type, By Value (USD Million), 2019–2030

Figure 7       India Iso Butanol Market Share, By Product Type, By Volume (Thousand Tons), 2019–2030

Figure 8       India Iso Butanol Market Share, By End Use, By Value (USD Million), 2019–2030

Figure 9       India Iso Butanol Market Share, By End Use, By Volume (Thousand Tons), 2019–2030

Figure 10     India Iso Butanol Market Share, By Region, By Value (USD Million), 2019–2030

Figure 11     India Iso Butanol Market Share, By Region, By Volume (Thousand Tons), 2019–2030

Figure 12     North India Iso Butanol Market Size, By Value (USD Million), 2019–2030

Figure 13     North India Iso Butanol Market Size, By Volume (Thousand Tons), 2019–2030

Figure 14     North India Iso Butanol Market Share, By Product Type, By Value (USD Million), 2019–2030

Figure 15     North India Iso Butanol Market Share, By Product Type, By Volume (Thousand Tons), 2019–2030

Figure 16     North India Iso Butanol Market Share, By End Use, By Value (USD Million), 2019–2030

Figure 17     North India Iso Butanol Market Share, By End Use, By Volume (Thousand Tons), 2019–2030

Figure 18     South India Iso Butanol Market Size, By Value (USD Million), 2019–2030

Figure 19     South India Iso Butanol Market Size, By Volume (Thousand Tons), 2019–2030

Figure 20     South India Iso Butanol Market Share, By Product Type, By Value (USD Million), 2019–2030

Figure 21     South India Iso Butanol Market Share, By Product Type, By Volume (Thousand Tons), 2019–2030

Figure 22     South India Iso Butanol Market Share, By End Use, By Value (USD Million), 2019–2030

Figure 23     South India Iso Butanol Market Share, By End Use, By Volume (Thousand Tons), 2019–2030

Figure 24     East India Iso Butanol Market Size, By Value (USD Million), 2019–2030

Figure 25     East India Iso Butanol Market Size, By Volume (Thousand Tons), 2019–2030

Figure 26     East India Iso Butanol Market Share, By Product Type, By Value (USD Million), 2019–2030

Figure 27     East India Iso Butanol Market Share, By Product Type, By Volume (Thousand Tons), 2019–2030

Figure 28     East India Iso Butanol Market Share, By End Use, By Value (USD Million), 2019–2030

Figure 29     East India Iso Butanol Market Share, By End Use, By Volume (Thousand Tons), 2019–2030

Figure 30     West India Iso Butanol Market Size, By Value (USD Million), 2019–2030

Figure 31     West India Iso Butanol Market Size, By Volume (Thousand Tons), 2019–2030

Figure 32     West India Iso Butanol Market Share, By Product Type, By Value (USD Million), 2019–2030

Figure 33     West India Iso Butanol Market Share, By Product Type, By Volume (Thousand Tons), 2019–2030

Figure 34     West India Iso Butanol Market Share, By End Use, By Value (USD Million), 2019–2030

Figure 35     West India Iso Butanol Market Share, By End Use, By Volume (Thousand Tons), 2019–2030

List of Tables

Table 1        India Iso Butanol Segmentation

Table 2        India Iso Butanol Market Value Chain Analysis

Table 3        Company Market Size Analysis, 2023

Table 4        India Iso Butanol Market Size, By Value (USD Million), 2019–2030

Table 5        India Iso Butanol Market Size, By Volume (Thousand Tons), 2019–2030

Table 6        India Iso Butanol Market Share, By Product Type, By Value (USD Million), 2019–2030

Table 7        India Iso Butanol Market Share, By Product Type, By Volume (Thousand Tons), 2019–2030

Table 8        India Iso Butanol Market Share, By End Use, By Value (USD Million), 2019–2030

Table 9        India Iso Butanol Market Share, By End Use, By Volume (Thousand Tons), 2019–2030

Table 10      India Iso Butanol Market Share, By Region, By Value (USD Million), 2019–2030

Table 11      India Iso Butanol Market Share, By Region, By Volume (Thousand Tons), 2019–2030

Table 12      North India Iso Butanol Market Size, By Value (USD Million), 2019–2030

Table 13      North India Iso Butanol Market Size, By Volume (Thousand Tons), 2019–2030

Table 14      North India Iso Butanol Market Share, By Product Type, By Value (USD Million), 2019–2030

Table 15      North India Iso Butanol Market Share, By Product Type, By Volume (Thousand Tons), 2019–2030

Table 16      North India Iso Butanol Market Share, By End Use, By Value (USD Million), 2019–2030

Table 17      North India Iso Butanol Market Share, By End Use, By Volume (Thousand Tons), 2019–2030

Table 18      South India Iso Butanol Market Size, By Value (USD Million), 2019–2030

Table 19      South India Iso Butanol Market Size, By Volume (Thousand Tons), 2019–2030

Table 20      South India Iso Butanol Market Share, By Product Type, By Value (USD Million), 2019–2030

Table 21      South India Iso Butanol Market Share, By Product Type, By Volume (Thousand Tons), 2019–2030

Table 22      South India Iso Butanol Market Share, By End Use, By Value (USD Million), 2019–2030

Table 23      South India Iso Butanol Market Share, By End Use, By Volume (Thousand Tons), 2019–2030

Table 24      East India Iso Butanol Market Size, By Value (USD Million), 2019–2030

Table 25      East India Iso Butanol Market Size, By Volume (Thousand Tons), 2019–2030

Table 26      East India Iso Butanol Market Share, By Product Type, By Value (USD Million), 2019–2030

Table 27      East India Iso Butanol Market Share, By Product Type, By Volume (Thousand Tons), 2019–2030

Table 28      East India Iso Butanol Market Share, By End Use, By Value (USD Million), 2019–2030

Table 29      East India Iso Butanol Market Share, By End Use, By Volume (Thousand Tons), 2019–2030

Table 30      West India Iso Butanol Market Size, By Value (USD Million), 2019–2030

Table 31      West India Iso Butanol Market Size, By Volume (Thousand Tons), 2019–2030

Table 32      West India Iso Butanol Market Share, By Product Type, By Value (USD Million), 2019–2030

Table 33      West India Iso Butanol Market Share, By Product Type, By Volume (Thousand Tons), 2019–2030

Table 34      West India Iso Butanol Market Share, By End Use, By Value (USD Million), 2019–2030

Table 35      West India Iso Butanol Market Share, By End Use, By Volume (Thousand Tons), 2019–2030

Table 36      The Andhra Petrochemicals Limited Company Overview

Table 37      The Andhra Petrochemicals Limited Financial Overview

Table 38      Bharat Petroleum Corporation Limited Company Overview

Table 39      Bharat Petroleum Corporation Limited Financial Overview

Table 40      BASF SE Company Overview

Table 41      BASF SE Financial Overview

Table 42      Meru Chem Pvt Ltd Company Overview

Table 43      Meru Chem Pvt Ltd Financial Overview

Table 44      Central Drug House (P) Ltd Company Overview

Table 45      Central Drug House (P) Ltd Financial Overview

Table 46      Suvchem Company Overview

Table 47      Suvchem Financial Overview

Table 48      Otto Chemie Pvt Ltd Company Overview

Table 49      Otto Chemie Pvt Ltd Financial Overview

Table 50      Muby Chemicals Company Overview

Table 51      Muby Chemicals Financial Overview

Table 52      Arihant Solvents and Chemicals Company Overview

Table 53      Arihant Solvents and Chemicals Financial Overview