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P&S Market Research
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On the basis of type, the isobutanol market is classified as synthetic and bio-based. Synthetic was the largest segment in the market in 2017. This is owing to the growing environmental and toxicity concerns coupled with high rate of commercialization of bio-isobutanol at cheaper prices.
Isobutanol is widely used in the production of isobutyl acetate. The demand for isobutyl acetate is growing, owing to its acceptance in the various consumer product industries, such as food processing industry and lacquer.
The stringent government regulation towards the use of isobutyl acetate in food processing and cosmetics, owing to the toxic properties, is the most dominant restrain for the growth the isobutanol market. For instance, in 2009, Government of Canada has restricted the use of this product in cosmetics, due to the toxicity of lethal dose at 50%.
Regionally, Asia-Pacific is the largest region in the isobutanol market, attributed to the demand of the product from food processing and paints and coating industry in this region. The surging urbanization and strengthening infrastructural project in tier II and tier III cities of India and China has boosted the market growth in this region.
Read summary of report here @https://www.psmarketresearch.com/market-analysis/isobutanol-market
Some of the major companies operating in the global isobutanol market include the Dow Chemical Company, BASF SE, Eastman Chemical Company, Saudi Butanol Company, Andra Petrochemicals Limited, Oxea GmbH, Fitesa Simpsonville Inc., Grupa Azoty S.A., Mitsubishi Chemical Corporation, and Toray Industries Inc.
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Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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