Global Isobutene Market, By Application (Automotive, Aerospace, Antioxidants, Pharmaceutical, Other Applications), Product (Methyl Tert-Butyl Ether, Ethyl Tert-Butyl Ether), End- User (Butyl Rubber, Methyl Methacrylate, Polyisobutene, Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, and Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Isobutene Market
Data Bridge Market Research analyses that the isobutene market will witness a CAGR of 4.67% for the forecast period of 2022-2029 and is likely to reach at USD 38.58 billion by 2029.
Isobutene or 2-methylpropene is a colorless and volatile liquid and a downstream derivative of crude oil. It is produced during the fractionation process of refinery gasses and by means of catalytic cracking of methyl-t-butyl ether. Isobutene is an important chemical and is used in a variety of applications ranging from fuel additives and polymers to pharmaceuticals and agriculture industries. The annual global production of isobutene exceeds 10 million metric tons.
The growing demand for isobutene from the cosmetic industry is the major factor accelerating the growth of the isobutene market in the forecast period of 2022-2029. Furthermore, development of bio- based isobutene, increasing consumption of synthetic rubber, advancement in the production of isobutene, rising research and development investment and government is also taking many initiatives to enhance the production of isobutene from renewable resources which are also expected to drive the growth of the isobutene market in the forecast period of 2022-2029. However, fluctuation in the cost of the raw materials and risk associated with their toxic properties restrains the isobutene market in the forecast period of 2022-2029, whereas, strict rules and regulation implemented by government will challenge market growth in the above mentioned forecast period.
In addition, wide application scope in end-use industries such as automotive and aerospace will create ample opportunities for the isobutene market in the above mentioned forecast period.
This isobutene market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on isobutene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Isobutene Market Scope and Market Size
The isobutene market is segmented on the basis of application, product and end- users. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of application, the isobutene market is segmented into automotive, aerospace, antioxidants, pharmaceutical and other applications.
- The product segment of the isobutene market is segmented into methyl tert-butyl ether and ethyl tert-butyl ether.
- Based on end- users, the market is segmented into butyl rubber, methyl methacrylate, polyisobutene and others.
Isobutene Market Country Level Analysis
The isobutene market is analysed and market size, volume information is provided by country, application, product and end- users as referenced above.
The countries covered in the isobutene market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the isobutene market and will continue to flourish its dominance during the forecast period due to the steady increase in vehicle production units and sales in the region during the forecast period. However, Asia-Pacific will continue to project the highest growth rate for this period due to largest automotive market and rising disposable income in the region has led to increasing spending on passenger cars and light vehicles.
The country section of the isobutene market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Isobutene Market Share Analysis
The isobutene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to isobutene market.
Some of the major players operating in the isobutene market report are LyondellBasell Industries Holdings B.V., TPC Group, Honeywell International Inc., SONGWON, LANZATECH., Praxair Technology, Inc., Exxon Mobil Corporation, BASF SE, Evonik Industries AG, YEOCHUN NCC CO., LTD., Halliburton., Baker Hughes, BASF SE, Schlumberger Limited., Clariant, Dorf Ketal Chemicals (I) Pvt. Ltd., The Lubrizol Corporation, Infineum International Limited, Global Bioenergies, TPC Group, VINATI ORGANICS LIMITED, Chandra Asri Petrochemical among other.