#Isobutene Market Growth

[researchrealmblog]

North America Is Dominating Geothermal Power Market 

The value of the geothermal power market stood at USD 7,232.4 million in 2023, and this number is projected to reach USD 10,452.8 million by 2030, advancing at a CAGR of 5.6% during the projection period. This growth of the market can be credited to the strong backing from the government for geothermal power projects, and also the rising focus of countries on power security and power independence.

The generation of geothermal energy is progressively growing throughout the globe credited to the rising requirement for renewable power. Governments are launching green initiatives to control the release of greenhouse gases. Creating power with few or zero releases of GHG will significantly decrease air pollution and reduce the dependence on power produced using fossil fuels.

As geothermal power stays unused to a great level, there is a huge potential for the development of this sector. According to the World Bank, the earth grips a geothermic power potential of more than 80 GW, of which a mere 13 GW has been used so far. The increasing need for decreasing the releases of GHG will serve as a major opportunity for the geothermal power market development. Numerous countries have also framed rules to decrease their reliance on petroleum, which costs a fortune to import.

On the basis of technology, the binary cycle category, is a major contributor to the geothermal power sector, as this tech provides advanced performance and is less costly than others. At a binary-cycle plant, hot water kept inside the earth’s crust is sent to a heat exchanger, in which isobutene is heated. As isobutane has a lesser boiling point than water, it evaporates into steam, which is then utilized to propel the turbine-cum-generator.

The largest contributor to the geothermal energy sector will continue to be the industrial sector, based on the end user, throughout the decade. In particular, the growing use of geothermal energy for dairy pasteurization, food dehydration, and gold mining makes this possible. Furthermore, geothermal power is used by various industries like pulp & paper, wood products, and cement. Since industries are a substantial contributor to air contamination, they are now instructed to decrease their releases, which is pushing up their usage of clean electricity.

The North American region accounts for a substantial share of the market, primarily due to the rising pace of technical improvements to advance the productivity of geothermal energy making. Furthermore, industries are planning a capacity expansion of the existing energy plants. Furthermore, according to the EIA, the U.S. is the largest maker of geothermal power in the world, with a production of 17,002,000 MWh in 2022.

Source: P&S Intelligence

[downincmi]

Hydrogenated Polyisobutene Market Dynamics: Exploring Growth Factors

Introduction

Hydrogenated polyisobutene, also known as PIB, is a synthetic hydrocarbon polymer that is produced through the addition polymerization of isobutene. It is a waxy, colorless solid or highly viscous liquid substance. Hydrogenation is then used to saturate the double bonds in the polymer, increasing stability. This process produces hydrogenated polyisobutene (HPIB). Chemical Structure and Properties HPIB is a long hydrocarbon chain made up of repeating isobutylene units. Through the hydrogenation process, all carbon-carbon double bonds in the polymer backbone are converted to single bonds. This gives HPIB a fully saturated linear structure. It has good thermal and oxidative stability as a result. HPIB is non-toxic, non-irritating to skin and is compatible with a wide range of materials. However, it is not soluble in water and has low polarity. Uses in Personal Care Products Due to its emollient properties, HPIB is commonly used as a thickening and conditioning agent in personal care products like moisturizers, lotions and creams. As an occlusive agent, it helps reduce water loss from the skin's surface for better hydration. HPIB forms a protective film on skin that softens and soothes dryness. It also boosts the spreadability of cosmetic formulas without feeling heavy or greasy. The uniform distribution of HPIB molecules acts as an effective binder as well. Role in Makeup Formulations In makeup items, HPIB serves as an emollient base for foundations, tinted moisturizers and BB creams. It provides a smooth, silky feel upon application. The non-oily nature of HPIB prevents clogged pores and acne breakouts. Lip treatments and balms utilize its skin conditioning effects too. Eye products leverage HPIB to soften delicate areas while also suspending pigments evenly. As a fixative, it enhances the longevity of color payoff on lips and lids. Functions in Hair Care Products Shampoos, conditioners and hair masks benefit from HPIB's moisturizing functions. It coats individual strands to impart a healthy sheen and reduce frizz. Combined with other humectants, HPIB helps hair better absorb and retain moisture from the surroundings. This nourishes hair fibers from within. The molecule's small size allows it to seep into hair cuticles for effective sealing of the hair cortex as well. Together with nourishing oils, HPIB improves combability and manages flyaways. Other Industrial Applications Beyond personal care, HPIB has wide applications due to its stability and compatibility features. It is used as a polymeric plasticizer and processing aid in PVC, improving flexibility, durability and heat resistance of finished goods. HPIB acts as an anti-static agent in textiles, a tackifier in rubber and an additive for pesticide formulations too. In agriculture, it helps disperse and absorb active ingredients evenly on targeted surfaces. Printing inks also benefit from HPIB's viscosity modification abilities. Conclusion As a non-polar, non-ionic emollient polymer, hydrogenated polyisobutene effectively hydrates, softens and soothes skin and hair. Its good spreadability and mildness make HPIB suitable for diverse cosmetic formulations. Combined with complementary ingredients, it delivers moisturization and improves manageability. HPIB also finds wide usage in manufacturing due to properties like lubrication, plasticization and adhesion promotion. When sourced from reputed suppliers following good production practices, it can be safely utilized in personal and industrial products.

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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.

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Isobutene Market Comprehensive Study by Key Players: Honeywell International Inc.,SONGWON,LANZATECH.

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 Data Bridge Market Research isobutene market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Isobutene market will reach an estimated valuation of USD 35.22 billion by 2027, while registering this growth at a rate of 4.60% for the forecast period of 2020 to 2027. Growing demand for isobutene from automotive industry will create new opportunity for the market.

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Key Market Competitors Covered in the Report:

LyondellBasell Industries Holdings B.V

TPC Group

Honeywell International Inc.

SONGWON

LANZATECH.

Praxair Technology, Inc.

Exxon Mobil Corporation

BASF SE

Evonik Industries

YEOCHUN NCC CO., LTD

Global Bioenergies

TPC Group

VINATI ORGANICS LIMITED

Chandra Asri Petrochemical

 Isobutene Market Size, Status and Forecast 2020 to 2027

1 Market Overview

2 Manufacturers Profiles

3   Isobutene Sales, Revenue, Market Share and Competition by Manufacturer

4  Isobutene Market Analysis by Regions

5 North America  Isobutene by Countries

6 Europe  Isobutene by Countries

7 Asia-Pacific  Isobutene by Countries

8 South America  Isobutene by Countries

9 Middle East and Africa  Isobutene by Countries

10  Isobutene Market Segment by Type

11  Isobutene Market Segment by Application

12  Isobutene Market Forecast

13 Sales Channel, Distributors, Traders and Dealers

14 Research Findings and Conclusion

15 Appendixes

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Market Segmentation:  Isobutene Market

The Global Isobutene Market is segmented on the basis of application into capsule endoscopy, drug delivery and patient monitoring of cancer. In 2018, capsule endoscopy is expected to dominate the  Isobutene market with 57.4% market share growing at the highest CAGR in the forecast period 2018 to 2025.

The global  Isobutene market is segmented on the basis of disease indication into occult GI bleeding, crohn’s disease, small bowel tumors, celiac disease, inherited polyposis syndromes and mental disorders. In 2018, occult GI bleeding is expected to dominate the  Isobutene market with highest market share and is growing at a healthy CAGR in the forecast period 2018 to 2025.

The global  Isobutene market is segmented on the basis of type into multiparameter monitoring and single parameter monitoring. In 2018, multiparameter monitoring segment is expected to dominate the market in the forecast period of 2018 to 2025.

The global  Isobutene market is segmented on the basis of end user into hospital, diagnostic centers and others. In 2018, hospital is expected to dominate the  Isobutene market with highest market share and is growing at the highest CAGR in the forecast period 2018 to 2025.

 Isobutene Market Development

Proteus Digital Health announced the launch of their new smart chemotherapy pills in January 2019 which is specially designed so they can track the effectiveness of treatment in the cancer patients. This will help the patient and healthcare provider so they can track and record the information about the time, dose and other information associated with their chemotherapy medication. This will help them to offer better services to their customer and strengthen their market position.

Market Drivers and Restraints:

Increasing trend of digital transformation across the globe.

Increasing investment in IT sector increases the demand for test automation.

Increasing adoption of System-on chip and high demand for consumer electronics.

High implementation costs.

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Key insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key Market players involved in this industry

Detailed analysis of the Market Segmentation

Competitive analysis of the key players involved

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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…

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Isobutene Market by Manufacturers, Countries, Type and Application, Forecast to 2023

Isobutene Market by Manufacturers, Countries, Type and Application, Forecast to 2023

Reportsandmarkets Provides the Trending Market Research Report on “  Isobutene Market  Survey and Trend Research 2018” under Different category. The report provides information on industry overview, market size, latest developments, industry trends, Key players, global presence, and their future prospects.

Isobutylene (or 2-methylpropene) is a hydrocarbon of industrial significance. It is a…

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Isobutene Market Size Was USD 20.61 Billion In 2015 And Is Expected To Reach $30.71 Billion By 2024: Grand View Research, Inc.

The global isobutene market is expected to reach USD 30.71 billion by 2024, according to a new report by Grand View Research, Inc. Regulatory policies aimed at carcinogenicity of petrochemicals to have a huge impact on industry dynamics and product development sources. The primary market driver is the growing demand for rubber from the automotive industry. It used primarily used as a precursor to…

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Global Isobutene Market 2017 Universal Demands, Emerging Market Volume(Sales, Revenues), Costs & Analysis

Qyresearchreports include new market research report "Global Isobutene Market Research Report 2017" to its huge collection of research reports.

The global Isobutene is the core objective of examination in this research report recently added to our extensive database. The report to a great degree is a spellbinding and savvy archive that helps chalk out a careful and comprehensive investigative Isobutene, covering all key classifications and their market segments, alongside the elements that have the capability of being powerful sooner rather than later. The report accordingly displays a 360-degree examination of the present condition of the Isobutene market to its reader.

The market has been unearthed from a ground-up manner, where simple information and key, industry-particular meanings of the Isobutene components are portrayed in the outline. The report then moves into the complete examination of Isobutene, adhering to viewpoints, including arrangements, industry chain structure, applications, approaches, industry diagram, and recent market improvements.

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The enormous volume of market information incorporated into the report has been collected after some time with the assistance of various essential and optional research systems. This information is additionally limited to utilizing standard industry-based systematic procedures so that the vital areas of subjective and quantitative data are offered to the report's clients.

The competitive and administrative scene of the Isobutene are also broken down and examined in the research report. The different levels of elements on the standards, controls, arrangements, and arrangements are likewise incorporated into the expansion to an investigation of their effect on the market’s general development prospects. The report additionally incorporates a point by point inspection of the market players’ business profiles ranging in the top categories.

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Table of Contents

Global Isobutene Market Research Report 2017 1 Isobutene Market Overview 1.1 Product Overview and Scope of Isobutene 1.2 Isobutene Segment by Type (Product Category) 1.2.1 Global Isobutene Production and CAGR (%) Comparison by Type (Product Category) (2012-2022) 1.2.2 Global Isobutene Production Market Share by Type (Product Category) in 2016 1.2.3 C4 Fraction Separation Method 1.2.4 Isobutane Catalytic Dehydrogenation Method 1.3 Global Isobutene Segment by Application 1.3.1 Isobutene Consumption (Sales) Comparison by Application (2012-2022) 1.3.2 Rubber Manufacturing 1.3.3 Adhesives & Sealants 1.3.4 Fuel & Lubricants 1.3.5 Agrochemicals 1.3.6 Others 1.4 Global Isobutene Market by Region (2012-2022) 1.4.1 Global Isobutene Market Size (Value) and CAGR (%) Comparison by Region (2012-2022) 1.4.2 North America Status and Prospect (2012-2022) 1.4.3 Europe Status and Prospect (2012-2022) 1.4.4 China Status and Prospect (2012-2022) 1.4.5 Japan Status and Prospect (2012-2022) 1.4.6 Southeast Asia Status and Prospect (2012-2022) 1.4.7 India Status and Prospect (2012-2022) 1.5 Global Market Size (Value) of Isobutene (2012-2022) 1.5.1 Global Isobutene Revenue Status and Outlook (2012-2022) 1.5.2 Global Isobutene Capacity, Production Status and Outlook (2012-2022)

2 Global Isobutene Market Competition by Manufacturers 2.1 Global Isobutene Capacity, Production and Share by Manufacturers (2012-2017) 2.1.1 Global Isobutene Capacity and Share by Manufacturers (2012-2017) 2.1.2 Global Isobutene Production and Share by Manufacturers (2012-2017) 2.2 Global Isobutene Revenue and Share by Manufacturers (2012-2017) 2.3 Global Isobutene Average Price by Manufacturers (2012-2017) 2.4 Manufacturers Isobutene Manufacturing Base Distribution, Sales Area and Product Type 2.5 Isobutene Market Competitive Situation and Trends 2.5.1 Isobutene Market Concentration Rate 2.5.2 Isobutene Market Share of Top 3 and Top 5 Manufacturers 2.5.3 Mergers & Acquisitions, Expansion

3 Global Isobutene Capacity, Production, Revenue (Value) by Region (2012-2017) 3.1 Global Isobutene Capacity and Market Share by Region (2012-2017) 3.2 Global Isobutene Production and Market Share by Region (2012-2017) 3.3 Global Isobutene Revenue (Value) and Market Share by Region (2012-2017) 3.4 Global Isobutene Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 3.5 North America Isobutene Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 3.6 Europe Isobutene Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 3.7 China Isobutene Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 3.8 Japan Isobutene Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 3.9 Southeast Asia Isobutene Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 3.10 India Isobutene Capacity, Production, Revenue, Price and Gross Margin (2012-2017)

4 Global Isobutene Supply (Production), Consumption, Export, Import by Region (2012-2017) 4.1 Global Isobutene Consumption by Region (2012-2017) 4.2 North America Isobutene Production, Consumption, Export, Import (2012-2017) 4.3 Europe Isobutene Production, Consumption, Export, Import (2012-2017) 4.4 China Isobutene Production, Consumption, Export, Import (2012-2017) 4.5 Japan Isobutene Production, Consumption, Export, Import (2012-2017) 4.6 Southeast Asia Isobutene Production, Consumption, Export, Import (2012-2017) 4.7 India Isobutene Production, Consumption, Export, Import (2012-2017)

5 Global Isobutene Production, Revenue (Value), Price Trend by Type 5.1 Global Isobutene Production and Market Share by Type (2012-2017) 5.2 Global Isobutene Revenue and Market Share by Type (2012-2017) 5.3 Global Isobutene Price by Type (2012-2017) 5.4 Global Isobutene Production Growth by Type (2012-2017)

6 Global Isobutene Market Analysis by Application 6.1 Global Isobutene Consumption and Market Share by Application (2012-2017) 6.2 Global Isobutene Consumption Growth Rate by Application (2012-2017) 6.3 Market Drivers and Opportunities 6.3.1 Potential Applications 6.3.2 Emerging Markets/Countries

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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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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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Isobutane Market Trends and Prospects by 2030

Isobutane Market: Overview

The isobutane market may record good growth across the forecast period of 2020-2030 on the back of its widespread use across various applications such as aerospace, rubbers, additives, lubricants, additives, household cleaners, and cosmetics. On the basis of purity, the isobutane market may be classified into Purity 99.7%, Purity 99.5%, Purity 99%, and others. Furthermore, based on the source, the isobutane market can be segmented into synthetic and bio-based. Pure-grade isobutane holds great importance in the market and may show significant growth across the forecast period.

This report on the isobutane market has research based on various parameters for analyzing the ideal growth generating factors. This aspect proves to be of great help to the market stakeholder and helps them design their business strategies accordingly. This report also covers the rapidly changing isobutane market scenario. The report also sheds light on the effects of COVID-19 on the isobutane market through 2020 – 2030.

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Isobutane Market: Industrial Analysis

The isobutane market comprises a highly fragmented landscape with a mix of local and international players in tough competition with each other. The manufacturers in the isobutane market are also focusing on expansion activities for generating isobutene. For instance, last year, the Kuwait Integrated Petroleum Industries Company announced its intentions to expand the production capacity of Al-Zour Refinery. Two UOP MErox units will be used for treating isobutene and an 11,800 biparietal diameter (BPD) Butamer unit will be used for converting normal butane to isobutene. Such developments bring good growth opportunities for the isobutane market.

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The participants in the isobutane market are also involved in activities such as mergers, acquisitions, collaborations, joint ventures, and partnerships to strengthen their foothold. These activities also prove to be growth multipliers for the isobutane market. Some well-established players in the isobutane market are Jinling Petrochemical, PBG Energy Inc., Sinopec Zhongyuan Petroleum Co., Praxair Distribution Inc., CryoCarb-Beloit, Conoco Philips, Amcor Inc., and Linde LLC.

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Isobutane Market: COVID-19 Perspective

The COVID-19 pandemic has led to the disruption of growth across numerous sectors across the world. The lockdown orders imposed for containing the deadly SARS-CoV-2 outbreak by various countries resulted in the complete shutdown of manufacturing facilities and production units, thus hitting a pause button on the economic activities. This aspect has left a negative impact on almost all businesses, including the isobutane sector. However, many countries are relaxing lockdown measures to revive the economy. This factor will help the isobutane market to rise steadily and recover from the losses incurred due to the pandemic.

Isobutane Market: Growth Boosters

Applications of isobutane across diverse end-users may sow the seeds of growth for the isobutane market throughout the forecast period. The use of isobutane as a replacement for chlorofluorocarbons (CFCs) in cosmetic products may bring promising growth for the isobutane market. It also finds use in shaving creams as it is a foaming agent as well. In addition, isobutane is highly preferred by synthetic rubber manufacturers due to lower resistance to liquids and gas. Petrochemicals are the most prominent end-users and may bring good growth opportunities for the isobutane market across the forecast period.

Isobutane Market: Regional Landscape

The isobutane market is spread across North America, Central America, South America, the Middle East and Africa, Europe, and Asia Pacific. The large presence of isobutane manufacturers across North America and Europe may prove to be a significant growth generating factor.

Asia Pacific may emerge as a rapid growth-generating region. Rising industrial infrastructure across developing economies like India and China is serving as a significant growth booster for the isobutane market across the forecast period. The Middle East and Africa may record medium growth throughout the forecast period.

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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.

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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.

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