Transparency Market Research is publishing a new report titled, “T-amyl Alcohol Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” which provides key insights on the t-amyl alcohol market. The new report anticipates that the rapid population and rapid urbanization lead to increasing need for pharmaceutical and medical products which will drive the t-amyl alcohol market during the forecast period i.e, 2018-2026. T-amyl alcohol is widely used to manufacture active pharmaceutical ingredients (APIs). Hence, the rising production of active pharmaceutical ingredients is anticipated to drive the global t-amyl alcohol market during the forecast period. Moreover, the demand for lubricants is projected to increase with rise in the demand for automotive and industrial lubricants. T-amyl alcohol is also used in the production of lubricating oils. Thus, the increasing demand for lubricating oils from the automotive and industrial applications is expected to boost the global t-amyl alcohol market in the next few years, says the report.
The TMR report has segmented the t-amyl alcohol market in terms of application into fuel and lubricating oil additives, flotation aids, corrosion inhibitors, pharmaceuticals, paint solvents, chemical intermediates, extraction agents and others. 2-methyl-2-butanol is extensively used as a solvent in corrosion inhibitors, pharmaceuticals, resins, coating materials, and gums. It is also employed in organic synthesis. It acts as a surfactant, frothing agent, and stabilizing agent in the above-mentioned applications. Additionally, it is employed in processing aids. T-amyl alcohol offers a blend of chemical and physical properties. These properties makes it suitable for applications such as foam suppressants, which affect micro-emulsions and cause foam breaking in them. T-amyl alcohol is being increasingly used as a solvent in various industrial applications.
On the basis of regional perspective, the global t-amyl alcohol market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Out of these, Asia Pacific held a major share of the global t-amyl alcohol market in 2017. The dominance is credited to increasing demand from the food & beverage industry in the region. India and China are projected to significantly contribute to growth of the Asia Pacific t-amyl alcohol market in the next few years. Regions such as Europe, Latin America, and Middle East & Africa are estimated to offer relatively less growth opportunities to the t-amyl alcohol market in the near future.
Major players operating in the t-amyl alcohol market are included in this report and these are The Dow Chemical Company, BASF SE, Hebei Smart Chemicals Co., Ltd., and Restek Corporation.
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