Global Isobutene Market - Market Size, Share & Industry Trends, Growth Analysis Report by Product Type, By Consumption and Forecast 2022 – 2032
Global Isobutene Market by Product (Methyl Tert-Butyl Ether and Ethyl Tert-Butyl Ether), Application (Aerospace, Automotive, Antioxidants, Pharmaceuticals, and Others), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032
The Isobutene market size was valued at USD 26.4 billion in 2022 and is expected to surpass USD 37.1 billion by 2032, expanding at a CAGR of 5.3 % during the forecast period, 2022–2032. The market's growth is attributed to the high demand from end-use industries such as aerospace, automotive, pharmaceuticals, and others.
INTRODUCTION
Isobutene (also known as 2-methylpropene) is a hydrocarbon with the chemical formula C4H8. It is a colorless, flammable gas with a slight gasoline-like odor. It is used as a feedstock in the production of chemicals such as isobutene oxide, which is used to make plasticizers and solvents, and isobutene polymer, which is used to make synthetic rubber. Isobutene can also be used as a fuel additive to increase the octane rating of gasoline. It can be obtained from the catalytic cracking of naphtha or natural gas liquids. It is widely used in rubber tires and tubes as a fuel additive in aerospace applications.
Market Trends, Drivers, Restraints, and Opportunities
Scope of the Report
Attributes |
Details |
---|---|
Report Title | Isobutene Market - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast |
Base Year | 2021 |
Historic Data | 2020–2021 |
Forecast Period | 2021–2031 |
Segmentation | Product (Methyl Tert-Butyl Ether and Ethyl Tert-Butyl Ether), Application (Aerospace, Automotive, Antioxidants, Pharmaceuticals, and Others) |
Regional Scope | The Asia Pacific, Middle East Africa, Europe, North America, and Latin America |
Report Coverage | Market Analysis Company Share & Size, Growth Factors, Trends, Competitive Landscape, Trends, and Revenue Forecast |
Key Players Covered in the Report | ABI Chemicals (India); Evonik (Germany); Global Bioenergies (France); Honeywell International (U.S.); LyondellBasell Industries (Netherlands); Syngip BV (Netherlands) |
Market Segment Insights
The Methyl Tert-Butyl Ethyl (MBTE) segment is projected to register a considerable CAGR
Based on product, the Isobutene market is divided into methyl tert-butyl ether and ethyl tert-butyl ether. The methyl tert-butyl ether segment is expected to expand at a rapid pace during the forecast period owing to application in end-use industries such as automotive and aerospace. However, the ethyl tert-butyl ether segment is anticipated to hold a key share of the market in the coming years owing to rising awareness regarding improvement in vehicle performance and stringent regulatory norms.
The automotive segment is expected to expand at a rapid pace
Based on application, the Isobutene market is divided into aerospace, automotive, antioxidants, pharmaceuticals, and others. The automotive segment is expected to expand at a rapid pace during the forecast period owing to properties such as chemical resistance, permeability in gases and liquids, and superior damping.
The Asia Pacific is anticipated to constitute a key market share
In terms of regions, the Isobutene market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is expected to constitute a key share of the market during the projected period owing to increasing per capita disposable income and a strong manufacturing sector. However, the market of North America is anticipated to expand at a rapid pace during the forecast period.
Competitive Landscape
Key players competing in the Isobutene market are ABI Chemicals (India); Evonik (Germany); Global Bioenergies (France); Honeywell International (U.S.); LyondellBasell Industries (Netherlands); Syngip BV (Netherlands).
FAQs
How much is the market worth?
The Isobutene market size was valued at USD 26.4 billion in 2022 and is expected to surpass USD 37.1 billion by 2032.
During the forecast period, what is the CAGR of the market?
During the forecast period, the CAGR of the market is expected to be 5.3%.
What are the key drivers of the market?
The market's growth is attributed to the high demand from end-use industries such as aerospace, automotive, pharmaceuticals, and others.
What segments are covered in the Isobutene report?
The segments covered in the report are product (methyl tert-butyl ether and ethyl tert-butyl ether), and application (aerospace, automotive, antioxidants, pharmaceuticals, and others).
Mention which region is expected to hold the highest share of the Isobutene market.
The Asia Pacific region is expected to hold the highest share of the Isobutene market.
Which segment holds the largest market share in Isobutene by 2032?
The automotive segment holds the largest market share in the Isobutene by 2032.
Mention the key players in the market.
ABI Chemicals (India); Evonik (Germany); Global Bioenergies (France); Honeywell International (U.S.); LyondellBasell Industries (Netherlands); Syngip BV (Netherlands)
1 INTRODUCTION TO GLOBAL ISOBUTENE MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF WISH TREE INSIGHTS
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL ISOBUTENE MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Value Chain Analysis
5 GLOBAL ISOBUTENE MARKET, BY PRODUCT
5.1 Overview
5.2 Methyl Tert-Butyl Ether
5.3 Ethyl Tert-Butyl Ether
6 GLOBAL ISOBUTENE MARKET, APPLICATION
6.1 Overview
6.2 Aerospace
6.3 Automotive
6.4 Antioxidants
6.5 Pharmaceuticals
6.6 Others
7 GLOBAL ISOBUTENE MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 The Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 The Middle East & Africa
8 GLOBAL ISOBUTENE MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 ABI Chemicals (India)
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Evonik (Germany)
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Global Bioenergies (France)
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Honeywell International (U.S.)
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 LyondellBasell Industries (Netherlands)
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Syngip BV (Netherlands))
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
10 Appendix
10.1 Related Research
Segments Covered in the Report
Product
Application
Regions
Key Players
WishTree Insights uses recent research tools and provides accurate data to the clients. Our expert team delivers the perfect research report that generates revenue and recommendations.
By using the Bottom-Up and Top-Down methods we carry out extensive research. Our focus is on the following parameters:
Our expertise uses primary research with Key for validating the market forecasts:
WishTree Database
Primary research |
Secondary research |
---|---|
|
|
|
|
|
|
|
|
|
Industry Analysis
Qualitative analysis |
Quantitative analysis |
---|---|
|
|
|
|
|
|
|
|
|
|
|
Ask for Research To Be Focused On Specific Regions or Segments
Receive Data As Per Your Format and Definition
Companies Profiled based on Your Requirements
Breaking Down Competitive Landscape as per Your Requirements
Any Level of Customization