[Online Quarterly Update]Global isobutylene demand is projected to grow at a healthy CAGR of 4.01%. Isobutylene (or 2-methylpropene) is a highly inflammable, colourless gas with a pungent odour. It is used in the production of a variety of products as it is alkylated with butane to produce isooctane or dimerized to diisobutylene (DIB) and then hydrogenated to make isooctane, a fuel additive. Polymerization of isobutylene produces butyl rubber (polyisobutylene or PIB). Antioxidants such as butylated hydroxytoluene (BHT) and butylated hydroxyanisole (BHA) are produced by Friedel-Crafts alkylation of phenols with isobutylene and it is also used in the production of methacrolein, MTBE and ETBE. There are huge applications of isobutylene in Automotive, Aerospace, Antioxidants, Pharmaceuticals and is also useful for various niche applications, such as wires and cables, compression packaging, and electrical insulation. Automotive comes as the leading application segment accounting for a major part of the isobutylene market whereas, MTBE is the chief product accounting major part of the overall volume. Due to its considerable industrial value, there is an impeccable growth in its demand in the past few years. In 2020, because of the outbreak of corona virus in major global economies, there is a huge impact on the demand and production of various products. Nationwide shutdowns affected electronics, automobiles, transport, and construction sectors and decline in the demand of electronics, chemicals and automobiles impacted the demand of global isobutylene market adversely. However, a positive trend has been witnessed in the demand and supply of isobutylene since the manufacturing plants got operational and there is relaxation in lockdown. Increasing demand for isobutylene in production of antioxidants, fragrances, gas odorization products and in the form of a fuel additive in the aerospace and automotive industry is set to boost the market growth during the forecast period.
Region wise, Europe and North America are estimated to account for most of the demand in the global isobutylene market due to its high demand from the automotive and aerospace industry. However, the growth prospect of Asia Pacific is highly promising and is likely to exhibit rapid growth over the period of analysis. Moreover, China is one of the leading manufacturers as well as consumer of isobutylene and is estimated to drive the demand in the isobutylene market in Asia Pacific.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
•To assess the demand-supply scenario of isobutylene which covers production, demand and supply of isobutylene market globally.
•To analyse and forecast the market size of isobutylene.
•To identify drivers and challenges for global isobutylene market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global isobutylene market.
•To identify and analyse the profile of leading players involved in the manufacturing of isobutylene.
Major players for isobutylene globally include BASF Group, Exxon Mobil Corporation, LyondellBasell Industries, Honeywell International, Shandong Shouguang Luqing Petrochemical Co. Ltd, Zoucheng Qifa Chemical Co. Ltd. and others.
To extract data for global Isobutylene market, primary research surveys were conducted with Isobutylene +manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Isobutylene market over the coming years.
ChemAnalyst calculated Isobutylene demand globally by analyzing the historical data and demand forecast which was carried out considering imported Isobutylene, styrene prices, monomers used for production of Isobutylene. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
•Isobutylene manufacturers and other stakeholders
•Organizations, forums and alliances related to Isobutylene distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as isobutylene manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, global isobutylene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Application
Polyisobutylene or PIB, Fuel additive BHA, BHT, MTBE and ETBE
Market, by End Use
Automotive, Aerospace, Electronics, Chemical and Cosmetics, Pharmaceuticals, Energy and others
Market, by Sales Channel
Distributor and Trader, Direct Company Sales, Direct Import
Market, by Region
North America, APAC, Europe, MEA, South America
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