Global Isobutane Market Research Report 2024-2030(Status and Outlook)

The Global "Isobutane Market" was valued at US$ 5.6 billion in 2024 and is projected to reach US$ 7.72 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period (2024-2030).

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Isobutane, also known as i-butane, 2-methylpropane or methylpropane, is a chemical compound with molecular formula HC (CH3)3. It is an isomer of butane. The production and consumption of isobutane, a vital hydrocarbon with a wide range of uses, constitute the core activities of the global isobutane industry, which is a part of the petrochemical sector. 2-methylpropane, another name for isobutane, is a branched-chain alkane that finds extensive use in a variety of industries. Because of its effective thermodynamic qualities, it is mostly employed as a refrigerant in air conditioning and refrigeration systems. Isobutane is used as a feedstock in the petrochemical industry to produce butylenes, which are necessary for the synthesis of several chemicals and polymers, such as butyl rubber and polypropylene.

Since isobutane is a by-product of petroleum refinement, the price of crude oil has an impact on the isobutane market. The need for refrigerants, which is fuelled by the need to combat climate change and regulatory changes favouring greener alternatives, has an impact on market dynamics as well. The market dynamics for isobutane are also influenced by the quest for alternative refrigerants and the phase-out of some hydrofluorocarbons (HFCs) and chlorofluorocarbons (CFCs) under international accords like the Kigali Amendment to the Montreal Protocol.

Segmental Analysis

Industrial grade to dominate the industry: By Type

In terms of type the global isobutane market has been segmented as Reagent Grade and industrial grade.

In the global isobutane market, industrial grade isobutane holds the highest market share and dominates the industry. This is primarily due to its extensive use in various industrial applications, including as a feedstock in the petrochemical industry and as a refrigerant. Chemicals and polymers like butyl rubber and polypropylene, which are essential for many industrial processes and consumer goods, are produced using industrial grade isobutane. There is a large market for industrial-grade isobutane due to its use as a vital raw ingredient in the chemical industry.

Furthermore, isobutane of industrial grade is frequently utilised as a refrigerant in refrigeration and air conditioning systems. Its favour in industrial and commercial applications can be attributed to its effective thermodynamic features and reduced environmental impact when compared to certain older refrigerants.

In contrast, reagent grade isobutane, while important for specialized laboratory and analytical applications, constitutes a smaller segment of the market. Its use is more niche, focusing on precise and controlled environments rather than the broad industrial and commercial applications that drive the demand for industrial-grade isobutane.

Petroleum Chemical Industry to dominate the industry: By Application

The petroleum chemical industry dominates the worldwide isobutane market and has the largest market share. In the petroleum chemical industry, isobutane is an essential raw material used to make a wide range of chemicals and polymers, such as butyl rubber, polypropylene, and other petrochemical derivatives. Because it is used to produce high-value chemical compounds that are essential to many consumer goods and industrial uses, isobutane is in high demand in this industry. The petroleum chemical industry's dominance is largely due to the widespread use of isobutane in processes such as alkylation, where it is combined with other hydrocarbons to produce high-octane gasoline components. Additionally, isobutane's application in producing isooctane, a key ingredient in high-performance fuels, further solidifies its importance in the petroleum sector.

Regional Analysis

North America has the largest demand and dominates the worldwide isobutane market, mostly because of its extensive petrochemical and refining infrastructure. Because of its plentiful natural gas liquids (NGLs) and sophisticated refining capabilities, the United States in particular plays a significant role in the production and consumption of isobutane. The petroleum chemical industry in North America uses a lot of isobutane, particularly in the alkylation operations that yield high-octane fuels and in the synthesis of polymers like butyl rubber and polypropylene. In addition, the strong demand in North America for eco-friendly refrigerants has increased the usage of isobutane as a substitute, in line with international regulatory trends such as the phase-out of hydrofluorocarbons (HFCs). The region's dominance in the global market is cemented by its robust industrial uses and the high demand for isobutane in the manufacturing of chemicals and fuel refinery.

Although regions like Asia-Pacific are witnessing rapid growth due to increasing industrialization and demand for chemicals, North America remains the dominant player due to its established industrial base, technological advancements, and significant production capacities for isobutane and related petrochemical products.

Competitive Analysis

Air Liquide
BP
Chevron
CNOOC
ConocoPhillips
ExxonMobil
Linde
Petrobras
Praxair Technology
Reliance Industries
Saudi Aramco
Shell
Sinopec
Taiyo Nippon Sanso Corporation
TotalEnergies
Other Key Players

There is fierce competition among established multinational firms and local players in the worldwide isobutane market as they compete for market dominance. Strong distribution networks, cutting-edge technologies, and substantial petrochemical and refining operations are the reasons why industry leaders like Linde plc, Air Liquide, Chevron Phillips Chemical, and ExxonMobil dominate the market. These businesses enjoy substantial advantages in terms of manufacturing capacity, access to raw materials, and established connections with important end-use sectors such as fuels and petrochemicals.

The competition is further intensified by technological developments in gas separation and refining methods, as well as by the growth of production capacity in places such as Asia-Pacific and North America. Sustainable isobutane production procedures are being pushed by companies' attention to satisfy changing customer needs and regulatory norms.

Recent Developments

The Pasadena, Texas-based polyethylene plant of Bayport Polymers LLC, which manufactures premium polyethylene products, has been acquired by Total Petrochemicals & Refining USA, Inc. The acquisition was made with the intention of fortifying Total's position in North America and broadening its range of products in the isobutane market.

July 2023, Axens has signed an exclusive license alliance agreement with ExxonMobil Catalysts and license LLC, enabling it to include ExxonMobil's MTBE Decomposition Technology in its portfolio for high purity isobutylene. With this technique, Axens' customers may better address the expected tenfold increase in demand for petrochemical intermediates by producing high reactivity Polyisobutylene and butyl rubber.

13th March, 2023, Mepol Group and LyondellBasell announced that they had finalised an agreement for LyondellBasell to purchase Mepol Group, a Polish and Italian-based producer of high-performing, recycled technical compounds that includes Mepol S.r.l. and its subsidiaries Polar S.r.l. and Industrial Technology Investments Poland Sp.z.o.o.
31st May 2024 LyondellBasell (LYB) has completed the acquisition of a 35% interest in Saudi Arabia-based National Petrochemical Industrial Company (Natpet) from Alujain. The transaction was announced in January of this year.
End Use Industry Analysis

For air conditioners and other cooling systems that use isobutane refrigerants, the U.S. Department of Energy has set minimum energy efficiency criteria. These standards are revised on a regular basis to ensure they reflect the most recent developments in energy efficiency and technology.
In order to encourage consumers to buy more energy-efficient versions, the European Union (EU) has also set energy efficiency standards for air conditioners and other cooling systems that use isobutane refrigerants. In addition, rebates and incentives are offered.

In addition to requiring manufacturers to include information on product labels, such as energy efficiency ratings and estimated annual energy costs, the U.S. Department of Energy's Rulemaking on Energy Efficiency Standards for Central Air Conditioners and Heat Pumps establishes minimum energy efficiency standards for air conditioners and heat pumps using isobutane refrigerants.
In order to encourage consumers to choose more energy-efficient versions, the EPA's Energy Star Program sets minimum energy efficiency criteria for isobutane products and offers incentives and rebates.
Industry Trend

Growing Shift toward Environmentally Friendly Refrigerant

An important trend in the global isobutane market is the move towards eco-friendly refrigerants, which is being propelled by international legislation meant to lessen the environmental impact of existing refrigerants, especially hydrofluorocarbons (HFCs). Due to its high global warming potential (GWP) and widespread usage in air conditioning and refrigeration systems, HFCs are known to contribute to the ozone layer's thinning. In response, regulatory frameworks such as the Kigali Amendment to the Montreal Protocol have mandated the progressive phase-out of HFCs, requiring companies to adopt alternatives with reduced environmental concerns.

Since isobutane (R-600a) has a lower global warming potential than hydrofluorocarbons (HFCs), it is becoming a more popular alternative refrigerant. Isobutane is also non-depleting of the ozone layer, which makes it a great option for businesses who want to follow environmental laws without sacrificing performance standards. Because of its superior thermodynamic qualities, it can be used in air conditioning systems and other home appliances like freezers and refrigerators to provide effective cooling while saving energy. The trend is further propelled by the rising consumer and governmental focus on energy-efficient appliances. As manufacturers seek to meet energy efficiency standards and environmental certifications, the adoption of isobutane in new product designs is becoming increasingly common. Refrigerators, freezers, and air conditioners designed with isobutane are not only more eco-friendly but also offer enhanced energy performance, translating to lower operational costs for consumers.

Industry Drivers

Expansion in the petrochemical industry

Isobutane is becoming increasingly in demand due to the expansion of the petrochemical sector, and it is now a necessary feedstock for a number of important processes. Alkylation, a process where isobutane interacts with light olefins, like propylene or butylenes, to form high-octane petrol components known as alkylates, is one of the main uses of isobutane in the petrochemical industry. These alkylates are very sought after in the fuel refining business since they are critical to increasing petrol performance, increasing combustion efficiency, and lowering engine knocking. The need for isobutane in the alkylation process rises along with the global demand for high-performance fuels, which is driven by rising transportation needs and regulatory requirements for cleaner-burning fuels.

Rapid industrialisation and urbanisation are occurring in emerging countries, especially in Asia-Pacific and the Middle East, which is increasing fuel demand and energy consumption. The consumption of isobutane has expanded dramatically in these regions due to investments in modern fuel production facilities and the expansion of refining capabilities. Additionally, the shift toward low-sulfur and cleaner gasoline blends, led by stronger environmental rules, has further boosted the need for high-quality alkylates, hence boosting the demand for isobutane.

The relevance of isobutane is further highlighted by the growing demand for petrochemical derivatives in the world market, which are used in common items like coatings and plastics. A stable supply of isobutane to fulfil the rising demand is guaranteed by the refineries' and petrochemical plants' developing production capacity, especially in areas like North America where natural gas liquids (NGLs) are plentiful.

Industry Restraint

Strengthen Environmental Regulations

Tight environmental laws are a major barrier to the market for isobutane derived from petroleum as governments across the globe are setting up efforts to cut carbon emissions and shift to more sustainable operations. These rules are a component of larger international campaigns to mitigate the effects of industrial operations on the environment, lessen dependency on fossil fuels, and fight climate change. Regulations, like the Paris Agreement, encourage sectors to embrace sustainable materials and greener technology by setting targets for decreasing greenhouse gas emissions.

Even while isobutane is thought to be less harmful to the environment than many conventional refrigerants, such as hydrofluorocarbons (HFCs), it still comes from fossil fuels, mainly natural gas and crude oil. Because of the carbon emissions and environmental damage caused by the extraction, refinement, and processing of these materials, isobutane obtained from petroleum is subject to increased environmental regulation. To lessen reliance on petroleum products, governments and environmental organisations are promoting a move towards renewable feedstocks and the creation of bio-based substitutes. For example, although it has not yet been commercialised extensively, bio-isobutane, which is obtained from renewable sources such as biomass, is being investigated as a sustainable alternative.

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Report Scope

The report includes Global & Regional market status and outlook for 2017-2028. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by Type and Application. The report also covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin 2017-2028 & Sales with a thorough analysis of the market's competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Total Market by Segment:

Global Isobutane Market, by Type, 2019-2023, 2024-2030 ($ Millions) & (K MT)

Global Isobutane Market Segment Percentages, by Type, 2024 (%)

Reagent Grade
Industrial Grade
Global Isobutane Market, by Application, 2019-2023, 2024-2030 ($ Millions) & (K MT)

Global Isobutane Market Segment Percentages, by Application, 2024(%)

Petroleum Chemical Industry
Blended Fuel
Other
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Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Isobutane Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.

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Table of content
Table of Contents
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Isobutane
1.2 Key Market Segments
1.2.1 Isobutane Segment by Type
1.2.2 Isobutane Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Isobutane Market Overview
2.1 Global Market Overview
2.1.1 Global Isobutane Market Size (M USD) Estimates and Forecasts (2019-2030)
2.1.2 Global Isobutane Sales Estimates and Forecasts (2019-2030)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Isobutane Market Competitive Landscape
3.1 Global Isobutane Sales by Manufacturers (2019-2024)
3.2 Global Isobutane Revenue Market Share by Manufacturers (2019-2024)
3.3 Isobutane Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Isobutane Average Price by Manufacturers (2019-2024)
3.5 Manufacturers Isobutane Sales Sites, Area Served, Product Type
3.6 Isobutane Market Competitive Situation and Trends
3.6.1 Isobutane Market Concentration Rate
3.6.2 Global 5 and 10 Largest Isobutane Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Isobutane Industry Chain Analysis
4.1 Isobutane Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Isobutane Market
5.1 Key Development

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