#Isobutene Market Share

[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

[priya1sharma]

Isobutene Market

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…

[morerushikesh]

Isobutene market size to maintain the average annual growth rate of 0.0228154795755 from 335.0 million $ in 2014 to 375.0 million $ in 2019, Market analysts believe that the market size of the Isobutene will reach 450.0 million $ by 2024.

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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 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…

[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.

(Get Impressive Discount)

Download a Sample Copy of This Report(including full TOC, Tables and Figures):

https://www.theresearchinsights.com/request_sample.php?id=369014&mode=Arundhati  

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

Buy Exclusive Report @:

https://www.theresearchinsights.com/checkout?id=369014&mode=Arundhati  

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.

Access Full Report information with TOC, here:

https://www.theresearchinsights.com/reports/COVID19-Global--China-Natural-Gas-Liquids-NGLs-Market-Research-by-Company-Type--Application-20152026-369014?mode=Arundhati    

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.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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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

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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

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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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How COVID-19 Impacted on Global Aerosol Propellant ?

Impact of COVID-19 on Global Aerosol Propellant in Chemicals and Materials Industry

Aerosol stands for aero-solution, a term used to describe a colloidal solution comprising solid or liquid particles dispersed within gas. Aerosol is generally classified into two categories, namely natural and anthropogenic. While natural aerosols generally comprise fog, mist, among several others originated in nature, anthropogenic aerosols are generated due to human activities or interferences. Some prominent examples of anthropogenic aerosols include smoke or smog, which are primarily generated due to combustion. Several aerosol sprays are currently available in the market for varied uses such as insecticides and room fresheners. An aerosol propellant is a chemical substance with a vapor pressure greater than that of atmospheric pressure, which undergoes various chemical reactions to expel materials stored in the form of gas within a container while controlling the pressure inside the vessel. Although initially chlorofluorocarbons (CFCs) were used as propellants, these were discontinued from being utilized for this purpose due to the tendency of these chemical substances to attack the ozone layer, thereby depleting it.

The commonly used aerosol propellants in modernity are volatile hydrocarbons such as propane or isobutene. However, n-butane, methyl ethyl ether, and dimethyl ether are also employed for this purpose. Further, the choice of aerosol propellant also depends on the type of application of the stored aerosol. For instance, hydrofluoroalkanes are widely preferred as aerosol propellants when used in medicinal aerosols while nitrous oxide is the popular choice for food products. Currently, liquid Hydrofluoroolefin is gaining extensive popularity as an aerosol propellant due to its lower vapor pressure, non-flammability and minimal global warming potential.

Aerosol propellants are classified into liquid propellants and compressed gases depending on the state at which these exist within the container. Liquid propellants are propellant gasses that exist mostly in liquidized form and a minimal amount of vapor within the container. Once the stored aerosol is released via the valve, some of the liquid propellants would get converted into gas to push the aerosol out and ensure a constant pressure within the container. The fundamental difference between the liquid propellants and compressed gas propellant is the fact that the compressed gas propellants exist as gas within the vessel. Once the aerosol is about to be released, the propellant pushes the aerosol out and expands its space within the container. However, this lowers the pressure within the container.

Aerosol propellants are widely exploited in several industries, including food, medicine, personal care, among several others, and are considered vital in the modern era. Some of the virtual instances where aerosol propellants are involved include topical medicinal preparations applied as sprays utilized in attaining relief from bruises and aches, among others.

IMPACT OF COVID-19 ON GLOBAL AEROSOL PROPELLANT IN CHEMICALS AND MATERIALS INDUSTRY

The pandemic COVID-19 has created a horrendous situation all over the world. The lockdown imposed to curtail the number of affected cases made the situation even more challenging for all economic sectors, especially in terms of growth.  Although markets are recovering, the pace is slow.

The global aerosol propellant market is one of such markets which was adversely affected by the COVID-19 pandemic. This is because the raw materials used to prepare propellants are generally volatile hydrocarbons, mostly obtained from crude oil. The inability of workers to work in oil rigs under pandemic conditions and the lockdown of several oil rigs during the pandemic have adversely affected the price of crude oil and caused a price fluctuation in the market. This disturbance in price had an adverse effect on the global aerosol propellant market, resulting in a rapid rise in the final product price: aerosol propellants.

Further, a disruption in the supply chain of both raw materials and final product due to the close down of international borders and trades inflicted a serious blow to the market, disturbing the availability and distribution price.

AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE MARKET 

Globally, the impact of the COVID-19 pandemic has been implemented in the form of lockdown to limit the spread of the virus that has affected the global aerosol propellant market and had a significant impact on every related manufacturer company around the world.

The government across the globe is also taking proactive measures to ensure a better production atmosphere without compromising the safety of the employees.

For instance,

·         As an industrial policy strategy, the European Commission merged to reinforce Europe’s global competitiveness and industrial sovereignty with the twin transition to a green and digital economy

Additionally, the governments have taken steps to sanitize all the places and have implemented policies regarding opening its border for trade and flow of products.  All these implemented measures are expected to bring the production and sales sector back to its lost track.

STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE

Manufacturers in the global aerosol propellant market experienced several adversities due to obstructions in the production facilities that manufacture aerosol propellants. Manufacturers have taken many strategic decisions such as collaboration and partnerships to develop efficient technologies and increase the production rate to meet the market demand once it returns to normal. Utilizing e-commerce and establishing local supply chains are also some of the new strategies used by various manufacturers to counter the effects of COVID-19. Moreover, several industries have enhanced information transparency and are working together to help each other overcome the financial constraints experienced and increase cash flow into the business.

PRICE IMPACT

The price of aerosol propellants is expected to fluctuate due to an expected disturbance in the price of crude oil. The pandemic outbreak of coronavirus disease (COVID-19) has prompted manufacturers to find new contract manufacturers and suppliers to shift production operations. Also, manufacturers are looking forward to a new contract (or new manufacturing facility) to supply raw materials. In the manufacturing of the product, third parties are also involved in the supply of raw materials, components, and commercialization of products, increasing the cost of production and reducing the profit margins.

IMPACT ON DEMAND

COVID-19 has induced a multi-layered crisis comprising domestic price fluctuations, the overall decline of external demand, and the collapse of prices that impact supply and demand for goods. The impact of this could be contemplated across the globe irrespective of the market. The novel virus-based COVID-19 pandemic has affected every aspect and sector as COVID-19 is an emerging, rapidly evolving situation worldwide. Even though aerosols are essential in the health care and self-care markets, due to the scenario of COVID-19, the inability of manufacturers to address global demand for aerosols had a direct impact on the overall demand for aerosol propellants in the market.

However, in the coming years, the need for aerosol propellants is expected to rise rapidly due to the increasing demand for healthcare and self-care products that utilize aerosols. The increasing population, globalization, and urbanization are also expected to supplement this demand further. As a result, the global aerosol propellant market demand will experience a tremendous rise in terms of both sales and revenue.

IMPACT ON SUPPLY CHAIN

A severe impact can be seen in the supply chain due to the COVID-19 lockdown. Manufacturers face difficulties in clearing their old stocks and find it hard to acquire and manage the chemicals and other raw materials due to the lockdown and restrictions.

The COVID-19 outbreak has disrupted the supply chains for the aerosol propellant market. The sudden outbreak of COVID-19 and its subsequent impact on restrictions on trade and movement of goods has resulted in a shutdown of vast portions of the global economy. This has, in turn, disrupted supply chains due to limited materials and workforce and has slowed down the manufacturing process of the aerosol propellant market.

CONCLUSION

Aerosol propellants are necessary chemicals, utilized in several healthcare and self-care products. Nonetheless, the global impact of COVID-19 has resulted in fewer workforces in the manufacturing units, which has impacted the growth of the global aerosol propellant market. Further, due to the lockdown and availability of fewer workforces, several manufacturers in the global aerosol propellant market cannot fulfill the orders, which resulted in the delay in the supply or cancellation of the orders.  Further, the supply chains were affected, and prices of raw materials such as crude oil, which is used to manufacture volatile hydrocarbon such as propane, increased the market's severity. However, the market is expected to grow in the forecast period due to various parameters such as a bloom in e-commerce, removal of COVID-19 restriction on import and export of raw materials, and finished products. Nonetheless, governments worldwide are working alongside the manufacturers to implement policies, to ensure total recovery of the global aerosol propellant market.

[chitrakullkarni]

Isobutene Market Top Players, Recent Development & Product Benchmarking

The global Isobutene Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.

Market Overview:

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.

Key Players:

BASF SE

Evonik Industries AG.

ExxonMobil Chemicals Company, Inc.

ABI Chemicals, LLC

Global Bioenergies SA

Praxair Inc.

Syngip BV

LanzaTech Inc.

Songwon Industrial Co., Ltd.

Honeywell International Inc.

TPC Group LLC

LyondellBasell Industries N.V

Request free sample to get a complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/isobutene-market/request-sample

Growth Drivers:

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.

Product Outlook:

Methyl Tert-butyl Ether (MTBE)

Ethyl Tert-butyl Ether (ETBE)

Application Outlook:

Automotive

Aerospace

Antioxidants

Pharmaceuticals

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.

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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Isobutene Market Analysis Report by Top players –  Evonik & YEOCHUN NCC

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.

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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.

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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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

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Global Isobutene Market Drivers, growth in business and Restraints Forecast 2021-2027

This Report Represents the worldwide Isobutene market size (value, consumption, and production), splits the breakdown (data status 2014-2020 and forecast to 2027), by manufacturers, region, type, and application. This study also analyzes the market status, future trends, market drivers, market share, growth rate, opportunities and challenges, sales channels, distributors, risks and entry barriers, and Porter’s Five Forces Analysis which also includes coronavirus updates. It also has an In-depth analysis of the industry’s competitive landscape, restraints, detailed information about different drivers, and global opportunities. Key competitors included in Global Isobutene Market are BASF, Evonik, ExxonMobil, ABI Chemicals, Global Bioenergies, Praxair, Syngip BV, LanzaTech, Honeywell International, LyondellBasell Industries. 

The report covers key strategic Points Regarding developments of the market including acquisitions & mergers, agreements, partnerships, new type launches, research & development, collaborations & joint ventures, regional expansion of major participants involved in the Isobutene market on a global and regional basis. This Isobutene Market Report covers global, regional, and country-level market size, market shares, market growth rate analysis (include Reseaon of highest and lowest peak Market analysis), product launches, recent trend, the impact of covid19 on worldwide or regional Isobutene Market. Both top-down and bottom-up approaches have been used to estimate and validate the market size of the Isobutene market, to estimate the Isobutene size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares split, and breakdowns have been determined using secondary sources and Basic primary sources

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A brief introduction to the research report and Overview of the market

Syndicate Market Research methodology

Graphical introduction of global as well as the regional analysis

Selected illustrations of market insights and trends.

Know top key players in the market with their revenue analysis

Example pages from the report

The study objectives of Global Isobutene Market are:

To split the breakdown data by regions, type, manufacturers, and applications.

To identify significant trends, drivers, influence factors in global and regions.

To analyze and research the global Isobutene status and future forecast, involving, production, revenue, consumption, historical, and forecast.

To analyze the global and key regions’ market potential and advantage, opportunity, and challenge, restraints, and risks.

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To present the key Isobutene manufacturers, production, revenue, market share, and recent development.

Global Isobutene market report presentation has been estimated at length and according to expert analysis, is anticipated to entail an impressive growth of xx million USD in 2021 and is projected to further reach a total growth estimation of xx million USD through the forecast till 2027, growing at a CAGR of xx%, and you get accurate CAGR according to Isobutene market size which actual exist

Scope of Report:

Isobutene Market 2021 global industry research report is a professional and in-depth study on the market size, growth, share, trends, as well as industry analysis. The report begins with an overview of the industry chain structure and describes the upstream. In addition, the report introduces a market competition overview among the major companies and company profiles, besides, market price and channel features are covered in the report. Also, the report analyses market size and forecast in different geographies, types, and end-use segments. Furthermore, market size, the revenue share of each segment, and its sub-segments, as well as forecast figures are also covered in this report.

Isobutene Analysis: By Applications

Butyl Rubber, MMA, PIB, Others

Isobutene Market: By Product

Methyl Tert-Butyl Ether, Ethyl Tert-Butyl Ether

Isobutene Global Market: By Region

North America

U.S.Canada

Rest of North America

Europe

UK

Germany

France

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

Southeast Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

The Middle East and Africa

GCC Countries

South Africa

Rest of Middle East & Africa

Table of Content include Isobutene Market Worldwide are:

1 Study Coverage 1.1 Isobutene Product 1.2 Key Market Segments in This Study 1.3 Key Manufacturers Covered 1.4 Market by Type 1.4.1 Global Market Size Growth Rate by Type (Methyl Tert-Butyl Ether, Ethyl Tert-Butyl Ether) 1.5 Market by Application 1.5.1 Global Market Size Growth Rate by Application (Butyl Rubber, MMA, PIB, Others) 1.6 Study Objectives 1.7 Years Considered

2 Executive Summary 2.1 Global Isobutene Market Size 2.1.1 Global Isobutene Revenue 2013-2025 2.1.2 Global Isobutene Production 2013-2025 2.2 Isobutene Growth Rate (CAGR) 2018-2025 2.3 Analysis of Competitive Landscape 2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI) 2.3.2 Key Manufacturers 2.3.2.1 Manufacturing Base Distribution, Headquarters 2.3.2.2 Manufacturers Product Offered 2.3.2.3 Date of Manufacturers Enter into Market 2.4 Key Trends for Markets & Products

3 Isobutene Market Size by Manufacturers 3.1 Production by Manufacturers 3.1.1 Production by Manufacturers 3.1.2 Production Market Share by Manufacturers 3.2 Revenue by Manufacturers 3.2.1 Revenue by Manufacturers (2013-2018) 3.2.2 Revenue Share by Manufacturers (2013-2018) 3.3 Price by Manufacturers 3.4 Mergers & Acquisitions, Expansion Plans

4 Isobutene Production by Regions —–contd—

5 Isobutene Consumption by Regions —–contd—-

6 Market Size by Type —–contd—

7 Market Size by Application 7.1 Overview 7.2 Global Breakdown Dada by Application 7.2.1 Global Consumption by Application 7.2.2 Global Consumption Market Share by Application (2013-2018)

8 Manufacturers Profiles —–contd—

9 Production Forecasts —–contd—

10 Consumption Forecast —–contd—

11 Value Chain and Sales Channels Analysis 11.1 Value Chain Analysis 11.2 Sales Channels Analysis 11.2.1 Isobutene Sales Channels 11.2.2 Distributors 11.3 Customers

12 Market Opportunities & Challenges, Risks and Influences Factors Analysis 12.1 Market Opportunities and Drivers 12.2 Market Challenges 12.3 Market Risks/Restraints 12.4 Key World Economic Indicators

13 Key Findings in the Global Isobutene Study

14 Appendix 14.1 Research Methodology 14.1.1 Methodology/Research Approach 14.1.1.1 Research Programs/Design 14.1.1.2 Market Size Estimation 14.1.1.3 Market Breakdown and Data Triangulation 14.1.2 Data Source 14.1.2.1 Secondary Sources 14.1.2.2 Primary Sources 14.2 Author Details 14.3 Disclaimer

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