Press release
Diisobutylene Market to Witness Robust Expansion by 2024– Top Key players like JXTG,Evonik,LyondellBasell,Inc.
This report focuses on the key global Diisobutylene players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Diisobutylene with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Di-isobutylene, or DIB, is a liquid mixture containing two isomers, 2,4,4-trimethyl-pentene-1 and 2,4,4-trimethyl-pentene-2 (sometimes referred to as DIB-1 and DIB-2). Used as a chemical intermediate, DIB has applications in many industries including rubber chemicals, lubricant additives and coatings.
Diisobutylene industry has high technology barrier and is labor intensive industry. Currently, there are several producing companies in the world diisobutylene industry. The main market players are TPC Group, Ineos, Maruzen Petrochemical, LyondellBasell, Zibo JinLin Chemical, JXTG and Evonik. The production of diisobutylene will increase to 100056 MT in 2019 from 81294 MT in 2014 with average growth rate of 4.24%.
In consumption market, Europe and USA are the mainly consumption regions due to the bigger demand of downstream applications. In 2018, these regions occupied 75.24% of the global consumption volume in total.Diisobutylene has different grade with different content, which include Content: 95-98% and Content: >98%, etc. As an important raw material of chemical synthesis, diisobutylene has a huge market potential in the future.
The major raw material for diisobutylene is isobutylene and other auxiliary materials. Fluctuations in the price of the upstream product will impact on the production cost of diisobutylene, and then impact the price of diisobutylene. The production cost of diisobutylene is also an important factor which could impact the price of diisobutylene.We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents fluctuation according to the economy development status and international competition. Also, there is fluctuation in gross margin.
According to this study, over the next five years the Diisobutylene market will register a 3.0% CAGR in terms of revenue, the global market size will reach US$ 123.2 million by 2024, from US$ 106.5 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Diisobutylene business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
TPC Group
Ineos
Maruzen Petrochemical
LyondellBasell
Zibo JinLin Chemical
JXTG
Evonik
Market Segment by Type, covers
Content: 95-98%
Content: >98%
Others
Market Segment by Applications, can be divided into
Octylphenol
Isononanoic Acid
Others
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Related Information:
North America Diisobutylene Market Growth 2019-2024
United States Diisobutylene Market Growth 2019-2024
Asia-Pacific Diisobutylene Market Growth 2019-2024
Europe Diisobutylene Market Growth 2019-2024
EMEA Diisobutylene Market Growth 2019-2024
Global Diisobutylene Market Growth 2019-2024
China Diisobutylene Market Growth 2019-2024
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