Press release
Methyl Isobutyl Carbinol Market to witness heavy growth prospects from automotive sector
Methyl Isobutyl Carbinol Market
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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.
A SWOT analysis of the market has been presented in the report. The Methyl Isobutyl Carbinol Market study also explores varied topics such as the regional market scope, products, suitable applications, market size pertaining to the individual product type, revenue and sales with respect to the region, manufacturing chain details, production cost analysis, an analysis of the parameters impacting the business, market size projection, etc.
Company Profiles:
1. BASF SE
2. Toray Industries
3. Shell Chemicals
4. Celanese Corporation
5. Dow Chemical
6. Mitsui Chemicals
7. AkzoNobel NV
8. Eastman Chemical Company
9. LG Chem
10. Sumitomo Chemical
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The global market for plasticizers was accounted at over USD 13 billion in 2018. MIBC is utilized as a raw material in the production of methyl amyl phthalate and methyl amyl sebacate, which are utilized as plasticizers. Increasing demand for plasticizers for various applications like cables/wires, flooring and wall, film and sheet coverings, consumer goods, coated fabrics, and other applications, may stimulate the product demand.
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. Europe driven by France, Italy, UK, and Germany methyl isobutyl carbinol industry size may witness moderate growth during forecasted period.
Asia Pacific methyl isobutyl carbinol market demand led by China, India and Japan may see a significant growth. In 2018, PVC market accounted at over 19 million tons in China. Rapid urbanization and government push for infrastructural improvement resulted in growing demand of PVC. MIBC is added to PVC to increase its plasticity and flexibility therefore increasing demand for PVC may drive regional MIBC demand.
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The regional segmentation covers:
o Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
o North America Region (U.S., Canada, Mexico)
o South America Region (Argentina, Brazil, Columbia, Rest of South America)
o Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)
o The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)
Key questions answered in the report:
o What will be the oleate ester methyl isobutyl carbinol market demand, size, share, and consumption between 2020 to 2025?
o What will the growth rate of the oleate ester market?
o What was the status of this market worldwide during the past years?
o What are the key factors that will drive the methyl isobutyl carbinol market?
o What are the risks, opportunities, and the overview of methyl isobutyl carbinol industry?
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