Isobutene Market in Americas, APAC and EMEA Region 2018 to 2022
MarketResearchNest.com adds “Global Isobutene Market 2018-2022” new report to its research database. The report spread across 124 pages with table and figures in it.
Research analysts forecast the global isobutene market to grow at a CAGR of 4.30% during the period 2018-2022.
Isobutene, also known as isobutylene or 2-methylpropene is a volatile and colorless liquid formed from the petroleum feedstocks such as crude oil. Isobutene is a colorless, flammable, and liquefied gas at standard temperature and pressure.
Covered in this report
The report covers the present scenario and the growth prospects of the global isobutene market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of isobutene.
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The market is divided into the following segments based on geography:
- the Americas
Technavio’s report, Global Isobutene Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio recognizes the following companies as the key players in the global isobutene market: BASF, Evonik, Global Bioenergies, LyondellBasell Industries Holdings, TPC Group, and YEOCHUN NCC
Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is innovations and advances in the production of isobutene. A new bio-based, green method has been developed to produce the widely used fuel-additive and industrial chemical isobutene. The continuous demand for isobutene has led to the development of this novel production method, which involves the conversion of biomass to isobutene. However, the conventional method of producing isobutene is by the petrochemical cracking of crude oil. The fluctuations in crude oil prices have forced the end-users to shift from the conventional method to the bio-based fermentation process.”
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According to the report, one of the major drivers for this market is Growing demand for rubber from automotive industry. The production of various synthetic chemical products is done using high-purity isobutene or isobutylene. Isobutylene is significantly used in the production of synthetic rubber, butyl rubber, and isobutylene-isoprene rubber (IIR). Copolymerization of isobutylene with small amounts of isoprene yields butyl rubber. In the automotive industry, the demand for butyl rubber in tire manufacturing is growing at a steady rate due to its excellent chemical and mechanical properties such as high vibration damping capabilities and low permeability to air and moisture.
Further, the report states that one of the major factors hindering the growth of this market is Hazardous effects of isobutene derivatives. Although isobutene derivatives are used in automotive, aerospace, pharmaceuticals, and other sectors, they have been known to have mildly hazardous effects on the environment. With the rising concerns for harmful emissions from automobiles, the use of octane boosters or octane enhancers is continuously increasing. MTBE, a derivative product of isobutylene or isobutene, when used as an octane enhancer often goes into the groundwater, resulting in the contamination of drinking water. It also affects the taste and smell of the water.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Mr. Jeet Jain