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Comprehensive analysis on Methyl Isobutyl Carbinol Market| Key Players are BASF, Toray Industries, Shell, Celanese Corporation, Dow, Mitsui Chemicals, AkzoNobel, Eastman, LG Chem, Sumitomo Chemical
methyl isobutyl carbinol market
Increasing demand for automotive sector owing to rapid urbanization and increasing purchase parity may result in growth of lubrication additive oil market. The lubrication oil additives market accounted at over USD 15 billion in 2017. Methyl isobutyl carbonate is primarily used in the synthesis of lubrication additive oil. The increase in demand for lubes oil additives will drive the product demand.
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Refined copper consumption may increase owing to growing demand of power sector and rise in the production of electric vehicles. The global market for copper accounted at over 23.6 million tons in 2018. Methyl isobutyl carbinol is used as a floatation frother for refining process of copper ore, which may drive the methyl isobutyl carbinol market.
Methyl isobutyl carbinol is also used as a floatation froth for Molybdenum. Superior properties of molybdenum include durability, corrosion resistance and strength owing to which it is used in steel manufacturing. The global demand for steel accounts for 1,660 metric tons in 2018.The increase in demand of steel owing to growth of construction and real estate business will results in increased demand of molybdenum and will eventually drives the methyl isobutyl carbinol (MIBC) market.
North America methyl isobutyl carbinol market demand led by the U.S and Canada should witness a significant growth during forecasted period owing to growth in automobile sector. Automobiles sales in the U.S. was at over 17 million units in 2018 which has increased the demand for lubricants. U.S. accounts for over 2.4 billion gallon of lubricants in 2018. Growing demand for lubricants may drive the demand for lubrication oil additives as MIBC is used in manufacturing of lubes oil additives, which may foster regional methyl isobutyl carbinol (MIBC) market growth.
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Global methyl isobutyl carbinol market share is fragmented as market consist of several significant players. Companies like BASF SE, Toray Industries, Shell Chemicals, Celanese Corporation, Dow Chemical and Mitsui Chemicals are key players in this market.
By Application, 2014-2025 (Tons) (USD Million)
• Frothers
• Plasticizers
• Lube oils and Hydraulic Fluids
• Others
By End-Use, 2014-2025 (Tons) (USD Million)
• Automobile
• Plasticizers
• Rubber
• Pharmaceutical
• Others
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