Press release
Isobutene Market Insights on Trends, Drivers and Opportunities by 2024 & key players Sumitomo Chemical, Yuhuang Chemical, Qifa Chemical, Songwon, Qixiang, Sinopec Beijing Yanshan, BASF SE, Evonik Industries, Exxon Mobil Chemicals, Global Bioenergies SA .
According to the research report, the Isobutene Market Size was expected to reach USD 30.71 billion by 2024. Growing at a CAGR of XX% during the forecast period
Isobutene Market Overview:
Isobutene or 2-methylpropene is a colorless and unstable liquid and a crude oil derivative. It occurs during the fractionation of refinery gases and by catalytic cracking of methyl t-butyl ether. Isobutene is an important chemical and is used in a variety of applications ranging from polymers and fuel additives to the pharmaceutical and agricultural industries. The world annual production of isobutene exceeds 10 million metric tons.
Browse details of 119 numbers of pages research report developed on Isobutene Market @ https://www.researchcosmos.com/reports/global-isobutene-market-report-2018-industry-analysis-trends-and-market-overview/5632487
Isobutene Market Drivers and Restraints:
The main driver of the isobutene market is the growing aerospace market, as well as the growing demand for rubber in the automotive market. Isobutene is the source of polyisobutene, a precursor to the manufacture of additives for fuels and lubricants. Isobutene is added to methanol to produce MTBE (methyl tert-butyl ether) and ethanol to produce ETBE (ethyl tert-butyl ether), which are the main types of fuel additives on the market. Isobutene is used to produce isooctane, an additive used in aviation fuel. It is widely used in the rubber manufacturing process, which is used to produce tires and tubes for the automotive industry. In addition to this, the chemical is used to make fine chemicals, plastics and antioxidants, which represent a significant demand for isobutene in the market. It is expected that growth in end-use markets will lead to the isobutene market.
Evonik Industries has recently tripled production capacity at its manufacturing facilities in Antwerp, Belgium, anticipating the growing demand for this chemical worldwide and becoming one of the world's leading Isobutene producers.
Isobutene Market Regional Analysis:
From the geographical perspective, Global Isobutene market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa regions. North America represents the world's maximum demand for isobutene, followed by the Asia-Pacific region and Europe. However, the market growth prospects are the highest in the Asia-Pacific region, due to the growing demand from China. China is also one of the largest manufacturers of isobutene in the world. Japan represents a significant volume of demand for isobutene. Although MTBE has been banned in some countries such as the United States and Japan, its demand comes from South America and the Middle East.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/global-isobutene-market-report-2018-industry-analysis-trends-and-market-overview/5632487
Isobutene Market Key Players:
BASF SE, Evonik Industries, Exxon Mobil Chemicals, Global Bioenergies SA and ABI Chemicals are the major players of the market among many others.
Isobutene Market Segmentation:
By Type
• MTBE Cracking
• Test-burtanol
By Industry
• Butyl Rubber
• MMA
• PIB
• Other
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/global-isobutene-market-report-2018-industry-analysis-trends-and-market-overview/5632487
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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Research Cosmos
www.researchcosmos.com
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