The Taiwanese Butanal Market Is Set to Increase at a CAGR of 0.44% Per Year until 2025
The Taiwanese butanal market was equal to 479 thousand tons in 2015. The largest share of butanal consumption in the same year was for the production of n-butanol, which accounted for around 50.1% of the total in volume terms. The only chemical that has not been decreasing during the period is n-butanol. Until 2025, the Taiwanese market is forecast to reach 464 thousand tons, thus growing at a CAGR of about 0.44% per annum in the period 2020-2025. This is an increase, compared to the decline at a CAGR of around -1.88% per year, registered in 2015-2019.
The Taiwanese production of butanal is expected to stabilize at around 444 thousand tons in the medium term. Flat dynamics of the overall installed production capacities and their annual average utilization rates in the country are also expected. In addition, the market is forecast to remain relatively balanced in terms of supply and demand, also showing mixed dynamics in the medium term.
The market research report presents a strategic analysis of the market and a forecast for its development in the medium term. The research study covers the period 2015-2025 and provides a comprehensive overview of the market:
- Main participants;
- Imports and exports;
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The report also focuses on product breakdown, offering a larger perspective on the market dynamics within the country. Additionally, you will find demographic and economic data about the region.
The report includes information on the following companies:
- Formosa Plastics Corp.;
- Nan Ya Plastics.
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