Isobutene Market Research And Analysis Forecast 2018 to 2022
Our analysts forecast the global Isobutene market to grow at a CAGR of 4.30% during the period 2017-2022
Isobutene, also known as isobutylene or 2-methylpropene is a volatile and colorless liquid formed from the petroleum feedstocks such as crude oil. Isobutene is a colorless, flammable, and liquefied gas at standard temperature and pressure. Global Isobutene Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Essential points covered in Global Isobutene Market 2018 Research are:-
•What will the market size and the growth rate be in 2022?
•What are the key factors driving the Global Isobutene market?
•What are the key market trends impacting the growth of the Global Isobutene market?
•What are the challenges to market growth?
•Who are the key vendors in the Global Isobutene market?
•What are the market opportunities and threats faced by the vendors in the Global Isobutene market?
•What are the key outcomes of the five forces analysis of the Global Isobutene market?
This independent 124 pages report guarantees you will remain better informed than your competition. With over tables and figures examining the Isobutene market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2022.
Furthermore, the report provides a detailed analysis of the Global Isobutene market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.
The market is divided into the following segments based on geography: Americas, APAC, EMEA
Companies Mentioned are: BASF, Evonik, Global Bioenergies, LyondellBasell Industries Holdings, TPC Group, and YEOCHUN NCC
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IndustryDataAnalytics Announces the Publication of its Research Report: Global Isobutene Market 2018-2022
Commenting on the report, an analyst from IndustryDataAnalytics team said: The latest trend gaining momentum in the market is innovations and advances in the production of isobutene. A new bio-based, green method has been developed to produce the widely used fuel-additive and industrial chemical isobutene. The continuous demand for isobutene has led to the development of this novel production method, which involves the conversion of biomass to isobutene. However, the conventional method of producing isobutene is by the petrochemical cracking of crude oil. The fluctuations in crude oil prices have forced the end-users to shift from the conventional method to the bio-based fermentation process.
Hazardous effects of isobutene derivatives
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Innovations and advances in the production of isobutene
For a full, detailed list, view our report
According to the report, one of the major drivers for this market is Growing demand for rubber from automotive industry. The production of various synthetic chemical products is done using high-purity isobutene or isobutylene. Isobutylene is significantly used in the production of synthetic rubber, butyl rubber, and isobutylene-isoprene rubber (IIR). Copolymerization of isobutylene with small amounts of isoprene yields butyl rubber. In the automotive industry, the demand for butyl rubber in tire manufacturing is growing at a steady rate due to its excellent chemical and mechanical properties such as high vibration damping capabilities and low permeability to air and moisture.
Further, the report states that one of the major factors hindering the growth of this market is Hazardous effects of isobutene derivatives. Although isobutene derivatives are used in automotive, aerospace, pharmaceuticals, and other sectors, they have been known to have mildly hazardous effects on the environment. With the rising concerns for harmful emissions from automobiles, the use of octane boosters or octane enhancers is continuously increasing. MTBE, a derivative product of isobutylene or isobutene, when used as an octane enhancer often goes into the groundwater, resulting in the contamination of drinking water. It also affects the taste and smell of the water.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Industrydataanalytics provides syndicated Market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. Industrydataanalytics has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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