openPR Logo
Press release

Global 2-Methylpropene Market: Revamping Aviation Industry in Emerging Economies Extending Demand, says TMR

Global 2-Methylpropene Market: Revamping Aviation Industry

According to a recent report by Transparency Market Research (TMR), the global 2-methylpronene market is market by the presence of a few established players such as Evonik Industries AG, BASF SE, TPC Group, and Lyondell Basell Industries N.V. These players are equipped with strong financial might and technical expertise for the production of 2-methylproene and similar products. However, the report anticipates the entrance of several new players in this market in the near future, which will further intensify the competition. The leading players are expected to rely on their strong distribution and sales network to maintain their stronghold over the market.

Obtain Report Details @ : http://www.transparencymarketresearch.com/2-methylpropene-market.html

The TMR report evaluates that the global 2-methylpropene market was worth US$26.99 bn in 2015, and rising at a robust CAGR of 7.07% during the forecast period of 2016 to 2024, the valuation is estimated to reach US$49.91 bn by 2024. In terms of volume, the market is expected expand at a CAGR of 6.21% during the same forecast period.

Fuel and Lubricants Segment Remains Prominent

By product, the report segments the global 2-methylpropene market into polyisobutylene, butyl rubber, isooctane, MTBE, MMA monomer, and others including plastics and ETBE. Out of these, the segment of isooctane contributed to 36.67% of the demand in 2015, marginally more than MTBE, which is the second most significant 2-methypropene market segment. This extended demand for isooctane is a reflection of its growing application as a primary component in aviation gasoline and as octane booster for gasoline. Isooctane exhibit tremendous antiknock characteristic, and are quickly replacing MTBE as a gasoline additive.

Application-wise, the report bifurcates the 2-methylpropene market into rubber manufacturing, adhesives and sealants, fuel and lubricants, pharmaceuticals, antioxidants, agrochemicals, and others including neopentaoic acid, methallyl chloride, and plastic explosives. Fuel and lubricants segment currently serve the maximum demand, owing to the steady growth of the global automotive industry.

Fill the form to gain deeper insights on this market @ : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=15845

Geographically, the report detects North America as the most lucrative region, constituting for 34.16% of the shares in 2015, although the demand is expected to experience moderate growth rate due to various environmental and health hazards. On the other hand, Asia Pacific is anticipated to expand the demand at most prominent rate in the near future. Asia Pacific resides vast population and several emerging economies with rapid industrialization. In countries such as India and China, automotive and aviation industry is touching new peaks each year, which is clearly evident from extended demand for 2-methypronene market. Excluding Japan, the region of Asia Pacific is expected to remain prominent through-out the forecast period.

Bio-based 2-Methylpropene Replacing Petroleum-based Variants

Apart from extending demand from the automotive and aviation industries, the global 2-menthylpropene market continues to gain sustained demand for MTBE, owing to government regulations pertaining to water contamination, environmental pollution, and health hazards. Increasing use of rubber products across several industries and the expansion of existing production facilities are some of the other factor that will fuel the demand for 2-menthylpropene during the forecast period. Conversely, the fluctuations in the prices of crude oil is expected to hinder the demand of 2-methylpropene-based products, especially MTBE, which is also losing popularity for its harmful properties.

According to the author of the report, “Bio-based 2-menthylpropene products are now quickly replacing petroleum-based variants. With growing trend of investments for renewable sources of energy across the world, the demand for bio-based products are gaining popularity. This factor will open new opportunities for the players in this market.”

The information presented in this review is based on a Transparency Market Research report, titled, “2-Methylpropene Market (Product - Butyl Rubber, Polyisobutylene, MMA Monomer, Isooctane, MTBE, Plastics, and ETBE; Application - Rubber Manufacturing, Pharmaceuticals, Fuel and Lubricants, Adhesives and Sealants, Antioxidants, Agrochemicals, Plastic Explosives, Neopentaoic Acid, and Methallyl Chloride) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”

Key Segments of the Global 2-Methypropene Market

2-Methylpropene Market: By Product

Butyl Rubber
Polyisobutylene
MMA Monomer
Isooctane
MTBE
Others(Plastics, ETBE)

2-Methylpropene Market: By Application

Rubber Manufacturing
Pharmaceuticals
Fuel & Lubricants
Adhesives & Sealants
Antioxidants
Agrochemicals
Others(Plastic Explosives, Neopentaoic Acid, and Methallyl Chloride)

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

90 State Street, Suite 700
Albany, NY 12207

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global 2-Methylpropene Market: Revamping Aviation Industry in Emerging Economies Extending Demand, says TMR here

News-ID: 490815 • Views:

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends from
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetium‐99m
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,

All 5 Releases


More Releases for MTBE

Methyl Tert-Butyl Ether (MTBE) Prices: Latest Price Trend and Data Q2 2024
𝐌𝐞𝐭𝐡𝐲𝐥 𝐓𝐞𝐫𝐭-𝐁𝐮𝐭𝐲𝐥 𝐄𝐭𝐡𝐞𝐫 (𝐌𝐓𝐁𝐄) 𝐏𝐫𝐢𝐜𝐞𝐬 𝐈𝐧 𝐔𝐒𝐀 • 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬: 1081 USD/MT During Q1 2024, methyl tert-butyl ether (MTBE) prices in the USA reached 1081 USD/MT in March.  The latest IMARC Group report, "𝐌𝐞𝐭𝐡𝐲𝐥 𝐓𝐞𝐫𝐭-𝐁𝐮𝐭𝐲𝐥 𝐄𝐭𝐡𝐞𝐫 (𝐌𝐓𝐁𝐄) 𝐏𝐫𝐢𝐜𝐞𝐬, 𝐓𝐫𝐞𝐧𝐝, 𝐂𝐡𝐚𝐫𝐭, 𝐃𝐞𝐦𝐚𝐧𝐝, 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐍𝐞𝐰𝐬, 𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐃𝐚𝐭𝐚 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟒 𝐄𝐝𝐢𝐭𝐢𝐨𝐧," presents a detailed analysis of 𝐌𝐞𝐭𝐡𝐲𝐥 𝐓𝐞𝐫𝐭-𝐁𝐮𝐭𝐲𝐥 𝐄𝐭𝐡𝐞𝐫 (𝐌𝐓𝐁𝐄) 𝐏𝐫𝐢𝐜𝐞𝐬, offering key insights into global market dynamics. This report includes comprehensive price
MTBE Production Cost: An In-Depth Analysis 2023-2028 | Syndicated Analytics
The latest report by Syndicated Analytics titled "MTBE Production Cost Analysis 2023-2028: Capital Investment, Manufacturing Process, Raw Materials, Operating Cost, Industry Trends and Revenue Statistics" provides the necessary information needed to enter the MTBE industry. Based on the most recent economic data, the study provides in-depth insights into pricing, margins, utility expenses, operating costs, capital investments, raw material requirements, and basic process flow. The techno-economic report offers the latest information about the
High Purity MTBE Market Key Futuristic Trends and Opportunities 2030
High Purity MTBE Market: Introduction Transparency Market Research delivers key insights on the global high purity MTBE market. In terms of revenue, the global high purity MTBE market is estimated to expand at a CAGR of ~7% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global high purity MTBE market. Read report Overview: https://www.transparencymarketresearch.com/high-purity-mtbe-market.html The global high purity MTBE market is
Methyl Tertiary Butyl Ether (MTBE) Market 2022 | Detailed Report
Global Methyl Tertiary Butyl Ether (MTBE) Market 2021-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team. Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5312448 The
Global MTBE Market Expected to Witness a Sustainable Growth over 2025
LP INFORMATION recently released a research report on the MTBE market analysis, which studies the MTBE's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global “MTBE Market 2020-2025” Research Report categorizes the global MTBE market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players analysis, market share, growth rate, opportunities and trends,
MTBE Market Size, Share, Development by 2023
New report published by Market Research Report Store (MRRS) which offers insights on the global MTBE market. Methyl Tertiary Butyl Ether(MTBE)is an organic compound with molecular formula (CH3)3COCH3. MTBE is a volatile, flammable, and colorless liquid that is sparingly soluble in water. It has a minty odor vaguely reminiscent of diethyl ether, leading to unpleasant taste and odor in water. It has a minty odor vaguely reminiscent of diethyl ether, leading