South Korea 1-Butanol Market was valued at USD 0.80 Billion in 2022 and is projected to reach USD 1.24 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The South Korea 1-Butanol market is experiencing a surge in demand across multiple industries due to its diverse applications and essential role in chemical processes. As one of the key alcohols in the chemical industry, 1-Butanol, with its versatile properties, is finding increased use in the production of solvents, plastics, and as a precursor to other chemicals such as butyl acrylate and plasticizers. The market’s growth is driven by industrial needs across sectors such as automotive, pharmaceuticals, and consumer goods manufacturing.
One of the main drivers behind the rising demand for 1-Butanol in South Korea is its role as a solvent in paints and coatings. The automotive and construction industries, both crucial to the South Korean economy, heavily rely on 1-Butanol to produce high-performance coatings. The increasing demand for automotive finishes and industrial coatings has pushed the 1-Butanol market to new heights. Additionally, 1-Butanol’s use in the production of butyl acetate, a key solvent used in printing inks, adhesives, and other industrial applications, further boosts its importance in South Korea's manufacturing landscape.
The pharmaceutical industry in South Korea also plays a significant role in driving 1-Butanol’s market growth. The compound is used in the manufacture of pharmaceuticals and cosmetics, where it serves as an ingredient in the synthesis of active pharmaceutical ingredients (APIs) and as a stabilizer in cosmetic formulations. The growing demand for cosmetic products and the burgeoning healthcare industry continue to create a strong requirement for 1-Butanol in South Korea.
Another contributing factor to the demand for 1-Butanol is its role in the production of biofuels. With South Korea’s efforts to reduce carbon emissions and shift toward renewable energy sources, 1-Butanol is increasingly being used as an alternative fuel, especially in the development of bio-based butanol that can replace gasoline in vehicles. This eco-friendly trend is expected to fuel the market further, with significant investment in research and development of sustainable biofuels.
The 1-Butanol market in South Korea is characterized by its strong industrial base and the requirement from various sectors such as chemicals, automotive, pharmaceuticals, and bioenergy. With a robust demand forecast across these industries, the market is set for continued growth and expansion in the coming years.
Get an In-Depth Research Analysis of the South Korea 1-Butanol Market Size And Forecast [2025-2032]
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BASF
DowDuPont
Oxea Group
Eastman Chemical Company
Formosa Plastic Group
Sasol Limited
Oxochimie
Kyowa Hakko
SABUCO
Perstorp Oxo
Mitsubishi Chemical
PETRONAS Chemicals Group
Optimal Chemicals
LG Chem
Elekeiroz
China Nation Petroleum
Sinopec Group
Yankuang Group
Bohai Chemical Industry Co.
Ltd
Wanhua
Huachang Chemical
Hualu-Hengsheng
Luxi Chemical
Lihuayi Group
Anqing Shuguang Chemical
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea 1-Butanol Market
Industrial Solvent
Chemical Intermediates
Plasticizers
Fuel Additives
Pharmaceuticals
Chemicals
Pharmaceuticals
Adhesives and Sealants
Food and Beverage
Cosmetics and Personal Care
Liquid
Solid
Fermentation
Synthesis from Propylene
Biobased Methods
Direct Sales
Distributors
Online Platforms
Retail Stores
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea 1-Butanol Market Research Analysis
1. Introduction of the South Korea 1-Butanol Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea 1-Butanol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea 1-Butanol Market, By Type
6. South Korea 1-Butanol Market, By Application
7. South Korea 1-Butanol Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea 1-Butanol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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