#Global Isobutene Industry

[govindtbrc]

Fueling Industry: Insights into the Isobutene Market

Isobutene, also known as isobutylene, is a crucial building block in the petrochemical industry, with applications spanning from fuel additives and polymers to rubber and pharmaceuticals. As a key intermediate in the production of various chemicals and materials, the isobutene market plays a vital role in fueling industrial processes and driving innovation across multiple sectors. Understanding the dynamics, trends, and applications of isobutene provides valuable insights into the broader landscape of the petrochemical industry and its downstream markets.

At the heart of the isobutene market lies the versatility and importance of this hydrocarbon molecule as a feedstock for a wide range of chemical processes. Isobutene is primarily derived from petroleum refining and petrochemical production processes such as steam cracking and catalytic cracking. It serves as a precursor for the production of important chemicals such as methyl tert-butyl ether (MTBE), isooctane, butyl rubber, polyisobutene, and various alkylates. Additionally, isobutene is used in the production of antioxidants, lubricants, and pharmaceuticals, demonstrating its diverse range of applications across industries.

Moreover, the isobutene market is driven by growing demand from end-use industries such as automotive, construction, packaging, and healthcare. In the automotive sector, isobutene derivatives such as MTBE and isooctane are used as fuel additives to improve octane ratings, enhance combustion efficiency, and reduce emissions in gasoline blends. Additionally, isobutene-based elastomers such as butyl rubber are prized for their high resilience, impermeability, and resistance to heat, ozone, and chemicals, making them ideal for applications such as tire inner tubes, seals, and gaskets.

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Furthermore, the isobutene market is influenced by technological advancements, regulatory policies, and market dynamics that shape supply and demand dynamics. Technological innovations in refining and petrochemical processes have led to improvements in isobutene production efficiency, yield, and purity, driving down production costs and expanding market opportunities. Additionally, regulatory policies aimed at reducing emissions, promoting energy efficiency, and transitioning to cleaner fuels are driving the adoption of isobutene-based additives and alternatives in gasoline and other fuels. Furthermore, market dynamics such as supply chain disruptions, geopolitical tensions, and shifting consumer preferences can impact isobutene prices, availability, and market dynamics.

Additionally, the isobutene market is characterized by a competitive landscape with multiple players operating across the value chain, from upstream production to downstream processing and distribution. Major petrochemical companies, refineries, and chemical manufacturers are key players in the isobutene market, leveraging their technological expertise, economies of scale, and global reach to capitalize on market opportunities. Additionally, smaller players such as specialty chemical companies and independent refiners play niche roles in the isobutene market, focusing on specific applications, derivatives, or regional markets.

Despite the opportunities for growth, the isobutene market also faces challenges, including price volatility, environmental concerns, and regulatory compliance. Fluctuations in crude oil prices, supply-demand imbalances, and market speculation can lead to volatility in isobutene prices, impacting profitability and investment decisions for industry stakeholders. Additionally, environmental concerns such as air pollution, greenhouse gas emissions, and water contamination associated with isobutene production and use pose challenges for regulatory compliance and public acceptance. Furthermore, regulatory frameworks governing the production, handling, and transportation of isobutene and its derivatives vary across regions, requiring industry players to navigate complex compliance requirements and risk management strategies.

In conclusion, the isobutene market is a critical component of the petrochemical industry, serving as a key building block for the production of various chemicals, materials, and fuels. With its diverse range of applications, technological advancements, and market dynamics, the isobutene market plays a pivotal role in fueling industrial processes and driving innovation across multiple sectors. By understanding the trends, drivers, and challenges of the isobutene market, industry stakeholders can identify opportunities for growth, differentiation, and sustainability in this dynamic and evolving sector.

[futuretonext]

The Global Bio-Isobutene Market is projected to witness more than 100% CAGR during the forecast period, i.e., 2021-26. The growth of the market is likely to be driven primarily by the mounting concerns over environmental sustainability due to excess carbon emissions, depletion of natural resources, etc., i.e., compelling governments of different countries worldwide toward the production & utilization of environment-friendly & renewable products.

[mohitjoshi041]

Uses of Isobutene

Isobutene, also known as 2-methylpropene, is an important hydrocarbon compound with various industrial applications. Here are some of its primary uses

Production of fuels: Isobutene is a key building block in the production of high-octane gasoline and aviation fuels. It is used as a blending component to improve the performance and combustion characteristics of these fuels.

Petrochemicals manufacturing: Isobutene serves as a valuable feedstock for the production of various petrochemicals. It is used in the synthesis of isobutylene, which is further utilized in the production of plastics, synthetic rubber (e.g., butyl rubber), and other polymers.

MTBE production: Methyl tert-butyl ether (MTBE) is produced by reacting isobutene with methanol. MTBE is commonly used as an oxygenate in gasoline to enhance its octane rating and reduce harmful emissions

Butyl rubber production: Isobutene is a primary raw material in the production of butyl rubber, which exhibits excellent resistance to heat, oxidation, and chemicals. Butyl rubber is used in various applications, including tire inner tubes, seals, and gaskets.

Isobutene-isoprene rubber (IIR) production: IIR, also known as butyl-isoprene rubber, is a copolymer of isobutene and isoprene. It possesses similar properties to butyl rubber but has improved flexibility and lower glass transition temperature. IIR is used in adhesives, coatings, and sealing compounds.

Solvents and chemical intermediates: Isobutene is employed as a solvent for various industrial processes. Additionally, it serves as a valuable intermediate in the synthesis of different chemicals, such as isooctane and isooctene.

Refrigerants: Isobutene is used in the production of some refrigerants, such as R600a, which is a hydrocarbon refrigerant with low ozone depletion potential and low global warming potential. It is commonly used in domestic refrigerators and freezers.

LPG blending: Isobutene can be blended with propane and butane to improve the characteristics of liquefied petroleum gas (LPG), enhancing its performance as a fuel for cooking, heating, and other applications.

Overall, isobutene plays a crucial role in the petrochemical and refining industries, contributing to the production of a wide range of products that are essential to our modern way of life.

[mindblowingscience]

New research published today details a breakthrough in the creation of evolved enzymes to support a renewable process to make one of the key building blocks of the chemical industry used in everything from beauty products to fuel.

The newly published findings are the result of collaborative work between Global Bioenergies and the team of Dr. David Leys at The University of Manchester, and have been published today in Nature Communications. This paper describes the evolution and mechanism of isobutene forming enzymes far superior to previously used catalysts. Isobutene is a high value gaseous hydrocarbon, and one of the major building blocks of the petrochemicals industry: 15 million tons are produced every year to yield cosmetic ingredients, rubber and fuels.

Continue Reading.

[market-reports-us]

Isobutene Market Report From 2019 To 2024 Analysis By Top Company Profiles – Lyondell Basell, Qifa Chemical, TPC Group, Exxon Mobil

Isobutene Market Report From 2019 To 2024 Analysis By Top Company Profiles – Lyondell Basell, Qifa Chemical, TPC Group, Exxon Mobil

The global Isobutene Marketreport offers a complete overview of the industry with details on the company shares, emerging trends, forecast data, in-depth analysis and an outlook of the market on a global platform. The report also focuses on market drivers, restraints, and key manufacturers. The report offers segmentation of the market and regional analysis for the forecasted period from 2019 to…

[instanttimetravelnut]

The Isobutane Market to indulge in constructive innovation from 2019 – 2029

Isobutane Market

Isobutane is a paraffinic branched chain compound which occur in natural gas and in crude oil. In refinery, isobutane is used as a feedstock to alkylation units to produce alkylate, which is a valuable high-octane constituent of gasoline and also controls volatility of motor gasoline. However, due to gasoline vapor pressure specifications and its seasonal consumption, production of isobutane for gasoline is also seasonal.

Isobutane undergo dehydrogenation to form crude isobutylene which forms MTBE (Methyl Tert-Butyl Ether), high purity isobutylene (HPIB) and other petrochemical products which are further used into wide range of applications such as lubricants, fuels, rubbers and additives.

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Further, Isobutane is used as aerosol propellant which finds its applications in cosmetics and household cleaners. Isobutane is act as substitute for household and industrial refrigerants that have high impact on environment. It has negligible ozone depletion potential (ODP) and global warming potential (GWP).

Pure grade isobutane has significant demand in global market and is expected to show comparatively high growth rates on account of its increasing demand in refrigeration and alkylation process.

Petrochemicals, which is one of the prominent application of isobutane is experiencing increased growth rates and the growth is attributed to increasing demand from its end-use applications like lubricants, fuels, rubbers and additives.

Additionally, isobutane is being increasingly preferred by manufactures of synthetic rubbers – butyl rubber and isobutylene–isoprene rubber (IIR). The tyre manufacturers are demanding for butyl rubber due to its lower permeability to gas and liquids. Halogenation butyl rubber significantly increases cure reactivity, enhances adhesion and improves compatibility with unsaturated polymers.

Thus, the versatile properties of isobutane have led to a significant increase in demand for isobutane for a diverse range of tyre and non-tyre applications, such as tyre inner liners, hoses, seals, stoppers and rubber products, in the pharmaceutical industry and others

Moreover, research & development activities are being carried out to widespread the scope of isobutane applications. Isobutane is highly inflammable in nature and also has safety related issues which may hamper its market growth.

Isobutylene, immediate product obtained by dehydrogenation of isobutane has wide range of applications (mainly MTBE) and can be produced by alternate butene isomerization route. Increasing use of butene isomerization route may obstruct the demand growth for isobutane. Upcoming predicted recession may also impede the growth of isobutane market.

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The global Isobutane market is anticipated to witness the significant single digit growth rate in the coming decade, which can be attributed to the expansion of the end-use industries and collaboration activities among market competitors. North America and Europe are major producer of Isobutane in the global market owing to the presence of major manufacturers and availability of raw materials across these regions.

Furthermore, the market for Asia Pacific region is estimated to expand at a significant growth rate over the forecast period. The demand is especially generated from the economies – China, India, and ASEAN economies due to rising industrial infrastructure. Moreover, Middle East & Africa is estimated to grow with a moderate growth rate during the forecast period.

Global Isobutane Market: Industry Participants

The global market for Isobutane is estimated to be fairly fragmented due to the presence of major as well as international manufactures of Isobutene. Few of them identified across the value chain of the global Isobutane market which is –

Mil-Spec Industries

CryoCarb – Beloit

SOS Gases, Inc.

Valero

Praxair Distribution, Inc.

Linde LLC

Amcor, Inc.

PBF Energy Inc.

Conoco Phillips

SINOPEC ZHONGYUAN PETROLEUM CO

Chevron Phillips Chemical

SABIC

Jinling Petrochemical

The research report on the Isobutane Market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

The Isobutane market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, product type, application, grades.

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[marketreseach]

Natural Gas Liquids (NGLs) Market Demands Analysis By Regions, forecast 2021 to 2026: ConocoPhillips Company, SM Energy

The global research report titled “Natural Gas Liquids (NGLs) Market” has recently been published by The Research Insights which helps to provide guidelines for the businesses. It has been aggregated based on different key pillars of businesses such as drivers, restraints, and global opportunities. This Natural Gas Liquids (NGLs) Market research report has been compiled by using primary and secondary research techniques. Finally, researchers direct their focus on some significant points to give a gist about investment, profit margin, and revenue.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Natural Gas Liquids (NGLs) Market: ConocoPhillips Company, SM Energy, BP Plc, Linn Energy, Statoil ASA, Swift Energy, Exxon Mobil Corporation, Royal Dutch Shell, Chesapeake Energy, Range Resources, Total, Chevron, Gazprom, Canadian Natural Resources, China National Petroleum Corporation, Eni, Rosneft, Petrobras, Lukoil, Chesapeake Energy, CNOOC, Suncor Energy, Devon Energy

This report segments the global Natural Gas Liquids (NGLs) Market based on Types are:

Propane

Ethane

Isobutene

Others

Based on Application, the Global Natural Gas Liquids (NGLs) Market is segmented into:

Cooking

Chemical Industry

Heating

Oil & Gas

Others

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Regional analysis of Global Natural Gas Liquids (NGLs) Market:

Geographically, the global Natural Gas Liquids (NGLs) Market has been fragmented into several regions such as North America, Latin America, Asia-Pacific, Africa, and Europe based on the productivity of several companies. Every segment along with its sub-segments is analyzed in the research report. The competitive landscape of the market has been elaborated by studying numerous factors such as top manufacturers, prices, and revenue.

The information on the global Natural Gas Liquids (NGLs) Market is accessible to readers in a logical chapter-wise format. Driving and restraining factors have been listed in this research report, which helps to understand positive and negative aspects in front of the businesses.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The Natural Gas Liquids (NGLs) Market study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The Natural Gas Liquids (NGLs) Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Natural Gas Liquids (NGLs) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market using several analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the key players' growth in the market.

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Isobutene Market 2024 Regional Outlook | Size, Share, Type and Application, Trends

Isobutene Market 2024 Regional Outlook | Size, Share, Type and Application, Trends

24th December 2021 – Global Isobutene Market is estimated to reach USD 30.71 billion by 2024 owing to the rise in demand for rubber from automotive industry. Isobutene is a colourless inflammable gas that with typical olefin odorant no corrosive properties. Isobutene can be easily dissolved in ether, hydrocarbons and alcohol but slightly insoluble in water. Chemically, it holds reactions of…

[marketstudyreport]

Isobutene Market 2024 - In-Depth Analysis on Size, Trends & Prominent Key Players

24th December 2021 – Global Isobutene Market is estimated to reach USD 30.71 billion by 2024 owing to the rise in demand for rubber from automotive industry. Isobutene is a colourless inflammable gas that with typical olefin odorant no corrosive properties. Isobutene can be easily dissolved in ether, hydrocarbons and alcohol but slightly insoluble in water. Chemically, it holds reactions of olefins like electrophilic addition, oxidation, hydrogenation, and polymerization. Isobutene is a base material for numerous final products and intermediates like butyl rubber, polyisobutene, alkyl-tert-butyl ether, isoprene, methyl methacrylate, diisobutene, mercaptanes, tert-butanol, vitamins, fragrances, alkylphenols, antioxidants, methacroleine, synthetic resins, adhesive resins, tackifiers, methacrylicacid and PMMA. They are also used in additives for fuels and lubricants, dispergators, organic acids, cross-linking agents and curing agents, isoamylalcohol, peroxidicpolymerization initiators, methallylsulfonate, alkylchlorides, methallylchloride, isobuteneoxide.

Growth in aerospace segment and increase in demand for rubber from automobile segment is majorly driving isobutene industry. Isobutene is made from polyisobutene which is the predecessor chemical for making lubricant additives and fuel. Isobutene is combined with methanol to create isooctane, which is used as fuel additive in aviation fuel. It is widely used in manufacturing of rubber for automobile tires and tubes for automotive segment. Besides, isobutene is also used in the manufacturing of fine chemicals, anti-oxidants and plastics which triggers the growth of isobutene market.

Access Isobutene Market Report with TOC @ https://www.millioninsights.com/industry-reports/isobutene-market

Also the growth in end user industries is also expected to accelerate the growth of the market in the years to come. One of the leading manufacturers, Evonik Industries has recently tripled their production capacity at Belgium, Antwerp in expectation of increasing demand of isobutene and for establishing niche market in Europe. Moreover, government initiatives like development of smart cities are offering significant boost to isobutene industry. Regions like North America, Europe and Asia Pacific are expected to stimulate the demand for isobutene in the coming years.

Despite wide applications of isobutene in several end use industries, the chemical is prone to price fluctuations from sources. This downside is expected to affect the volatility of crude oil, which directly affects isobutene market. Furthermore, owing to the toxic properties, and strict measures for the prevention of leakage in the air, isobutene is extremely regulated chemical. Biological isobutene is gaining popularity and is predicted to grow speedily and gradually replace petrol-based isobutene.

Another manufacturer has contributed significantly for developing bio alternative to the traditional process. They are focusing on developing and patenting a procedure to convert carbohydrates to isobutene with the help of fermentation process. With the success towards sustainable biological alternatives, the technology is predicted to attract market players and gain huge momentum in future.

Isobutene industry is categorized on the basis of product, application, and geography. On the basis of product, the market is divided into Methyl Tert-butyl Ether (MTBE) and Ethyl Tert-butyl Ether (ETBE). Methyl Tert-butyl Ether (MTBE) is the type of the market and is expected to grow significantly in the coming years owing to its increasing preference over Ethyl Tert-butyl Ether (ETBE).

Based on application, isobutene market is split into automotive, antioxidants, aerospace, pharmaceuticals, and others. Owing to the rising need, automotive industry is expected to hold larger market share of isobutene in the coming years. Geographically, isobutene industry is segmented as North America, Central & South America, Europe, Asia Pacific, and Middle East & Africa. Owing to the increasing preference of isobutylene in the production of several synthetic chemical products, Asia Pacific region is predicted to dominate the market. The key players in the market of isobutene comprise BASF, Evonik, YEOCHUN NCC, LyondellBasell Industries Holdings, Global Bioenergies, and TPC Group.

Request a Sample Copy of Isobutene Market Report @ https://www.millioninsights.com/industry-reports/isobutene-market/request-sample

[researchreportinsight]

Isobutene Market 2024 Size, Share | Revenue, Business Growth, Demand and Applications

24th December 2021 – Global Isobutene Market is estimated to reach USD 30.71 billion by 2024 owing to the rise in demand for rubber from automotive industry. Isobutene is a colourless inflammable gas that with typical olefin odorant no corrosive properties. Isobutene can be easily dissolved in ether, hydrocarbons and alcohol but slightly insoluble in water. Chemically, it holds reactions of olefins like electrophilic addition, oxidation, hydrogenation, and polymerization. Isobutene is a base material for numerous final products and intermediates like butyl rubber, polyisobutene, alkyl-tert-butyl ether, isoprene, methyl methacrylate, diisobutene, mercaptanes, tert-butanol, vitamins, fragrances, alkylphenols, antioxidants, methacroleine, synthetic resins, adhesive resins, tackifiers, methacrylicacid and PMMA. They are also used in additives for fuels and lubricants, dispergators, organic acids, cross-linking agents and curing agents, isoamylalcohol, peroxidicpolymerization initiators, methallylsulfonate, alkylchlorides, methallylchloride, isobuteneoxide.

Growth in aerospace segment and increase in demand for rubber from automobile segment is majorly driving isobutene industry. Isobutene is made from polyisobutene which is the predecessor chemical for making lubricant additives and fuel. Isobutene is combined with methanol to create isooctane, which is used as fuel additive in aviation fuel. It is widely used in manufacturing of rubber for automobile tires and tubes for automotive segment. Besides, isobutene is also used in the manufacturing of fine chemicals, anti-oxidants and plastics which triggers the growth of isobutene market.

Access Isobutene Market Report with TOC @ https://www.millioninsights.com/industry-reports/isobutene-market

Also the growth in end user industries is also expected to accelerate the growth of the market in the years to come. One of the leading manufacturers, Evonik Industries has recently tripled their production capacity at Belgium, Antwerp in expectation of increasing demand of isobutene and for establishing niche market in Europe. Moreover, government initiatives like development of smart cities are offering significant boost to isobutene industry. Regions like North America, Europe and Asia Pacific are expected to stimulate the demand for isobutene in the coming years.

Despite wide applications of isobutene in several end use industries, the chemical is prone to price fluctuations from sources. This downside is expected to affect the volatility of crude oil, which directly affects isobutene market. Furthermore, owing to the toxic properties, and strict measures for the prevention of leakage in the air, isobutene is extremely regulated chemical. Biological isobutene is gaining popularity and is predicted to grow speedily and gradually replace petrol-based isobutene.

Another manufacturer has contributed significantly for developing bio alternative to the traditional process. They are focusing on developing and patenting a procedure to convert carbohydrates to isobutene with the help of fermentation process. With the success towards sustainable biological alternatives, the technology is predicted to attract market players and gain huge momentum in future.

Isobutene industry is categorized on the basis of product, application, and geography. On the basis of product, the market is divided into Methyl Tert-butyl Ether (MTBE) and Ethyl Tert-butyl Ether (ETBE). Methyl Tert-butyl Ether (MTBE) is the type of the market and is expected to grow significantly in the coming years owing to its increasing preference over Ethyl Tert-butyl Ether (ETBE).

Based on application, isobutene market is split into automotive, antioxidants, aerospace, pharmaceuticals, and others. Owing to the rising need, automotive industry is expected to hold larger market share of isobutene in the coming years. Geographically, isobutene industry is segmented as North America, Central & South America, Europe, Asia Pacific, and Middle East & Africa. Owing to the increasing preference of isobutylene in the production of several synthetic chemical products, Asia Pacific region is predicted to dominate the market. The key players in the market of isobutene comprise BASF, Evonik, YEOCHUN NCC, LyondellBasell Industries Holdings, Global Bioenergies, and TPC Group.

Request a Sample Copy of Isobutene Market Report @ https://www.millioninsights.com/industry-reports/isobutene-market/request-sample

[harshbisr-0]

Global Bio Iso Bitumen Market Future Trends to Look Out | Bis Research

According to Bis Research, the global bio-isobutene market was at a pre-commercial stage in 2019 and accounted for $4.1 million. The market is expected to garner significant revenue of around $1.0 billion by 2025, growing at a whopping CAGR of 150.30% during the forecast period, 2020-2025.

Bio-isobutene is a bioderived variant of conventional isobutene, which finds its application in a myriad of end-user industries such as fuel and fuel additives, butyl rubber, cosmetics and personal care industry, lubricants, and green plastics. The development of bio-isobutene focuses on socio-economic and environmental sustainability in the gross isobutene value chain. The value chain includes the conversion of wheat straw and other suitable bio-based waste into bio-isobutene and its derivative oligomers such as diisobutene, triisobutene, tetrabutene, and polyisobutylenes.

Currently, bio-isobutene project is being backed by the public-private partnership of the European Union and the Bio-Based Industries Consortium (BIC) under the European Horizon 2020 program.

[esglatestmarketnews]

Isobutene Market Key Driven Factors, Scenario, Overview And Analysis Report till 2024

October 28, 2021: Global Isobutene Market is estimated to reach USD 30.71 billion by 2024 owing to the rise in demand for rubber from automotive industry. Isobutene is a colourless inflammable gas that with typical olefin odorant no corrosive properties. Isobutene can be easily dissolved in ether, hydrocarbons and alcohol but slightly insoluble in water. Chemically, it holds reactions of olefins like electrophilic addition, oxidation, hydrogenation, and polymerization.

Isobutene is a base material for numerous final products and intermediates like butyl rubber, polyisobutene, alkyl-tert-butyl ether, isoprene, methyl methacrylate, diisobutene, mercaptanes, tert-butanol, vitamins, fragrances, alkylphenols, antioxidants, methacroleine, synthetic resins, adhesive resins, tackifiers, methacrylicacid and PMMA. They are also used in additives for fuels and lubricants, dispergators, organic acids, cross-linking agents and curing agents, isoamylalcohol, peroxidicpolymerization initiators, methallylsulfonate, alkylchlorides, methallylchloride, isobuteneoxide.

Growth in aerospace segment and increase in demand for rubber from automobile segment is majorly driving isobutene industry. Isobutene is made from polyisobutene which is the predecessor chemical for making lubricant additives and fuel. Isobutene is combined with methanol to create isooctane, which is used as fuel additive in aviation fuel. It is widely used in manufacturing of rubber for automobile tires and tubes for automotive segment. Besides, isobutene is also used in the manufacturing of fine chemicals, anti-oxidants and plastics which triggers the growth of isobutene market.

Request a Free Sample Copy of this Report @ https://www.millioninsights.com/industry-reports/isobutene-market/request-sample

Also the growth in end user industries is also expected to accelerate the growth of the market in the years to come. One of the leading manufacturers, Evonik Industries has recently tripled their production capacity at Belgium, Antwerp in expectation of increasing demand of isobutene and for establishing niche market in Europe. Moreover, government initiatives like development of smart cities are offering significant boost to isobutene industry. Regions like North America, Europe and Asia Pacific are expected to stimulate the demand for isobutene in the coming years.

Despite wide applications of isobutene in several end use industries, the chemical is prone to price fluctuations from sources. This downside is expected to affect the volatility of crude oil, which directly affects isobutene market. Furthermore, owing to the toxic properties, and strict measures for the prevention of leakage in the air, isobutene is extremely regulated chemical. Biological isobutene is gaining popularity and is predicted to grow speedily and gradually replace petrol-based isobutene.

Another manufacturer has contributed significantly for developing bio alternative to the traditional process. They are focusing on developing and patenting a procedure to convert carbohydrates to isobutene with the help of fermentation process. With the success towards sustainable biological alternatives, the technology is predicted to attract market players and gain huge momentum in future.

Isobutene industry is categorized on the basis of product, application, and geography. On the basis of product, the market is divided into Methyl Tert-butyl Ether (MTBE) and Ethyl Tert-butyl Ether (ETBE).Methyl Tert-butyl Ether (MTBE) is the type of the market and is expected to grow significantly in the coming years owing to its increasing preference over Ethyl Tert-butyl Ether (ETBE).

Browse Full Research Report @ https://www.millioninsights.com/industry-reports/isobutene-market

Based on application, isobutene market is split into automotive, antioxidants, aerospace, pharmaceuticals, and others. Owing to the rising need, automotive industry is expected to hold larger market share of isobutene in the coming years. Geographically, isobutene industry is segmented as North America, Central & South America, Europe, Asia Pacific, and Middle East & Africa. Owing to the increasing preference of isobutylene in the production of several synthetic chemical products, Asia Pacific region is predicted to dominate the market. The key players in the market of isobutene comprise BASF, Evonik, YEOCHUN NCC, LyondellBasell Industries Holdings, Global Bioenergies, and TPC Group.

Market Segment:

Global Isobutene Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2024)

• Methyl Tert-butyl Ether (MTBE)

• Ethyl Tert-butyl Ether (ETBE)

Global Isobutene Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2024)

• Automotive

• Aerospace

• Antioxidants

• Pharmaceuticals

• Others

Global Isobutene Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2024)

• North America

• U.S.

• Canada

• Europe

• Germany

• France

• UK

• Asia Pacific

• China

• India

• Japan

• Central & South America

• Mexico

• Middle East & Africa

• Saudi Arabia

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