Press release
2-Methylpropene Market Research Report by Regional Analysis : Forecast up to 2024
Browse Market Research Report: http://www.transparencymarketresearch.com/2-methylpropene-market.html
Despite being a highly capital-intensive market, the threat of new entrants is projected to rise from a low to medium level during the course of the forecast period, increasing the degree of competition among the players. Establishing a strong distribution and sales network in order to expand their reach has proven to be a successful strategy for players in the 2-methylpropene market.
The global 2-methylpropene market is slated to exhibit a steady CAGR of 7.07% during the forecast period in terms of revenue. In view of this, the opportunity presented by this market is projected to rise from US$26.99 bn in 2015 to US$49.91 bn by 2024. In terms of volume, the 2-methylpropene market is expected to expand at a CAGR of 6.21% from 2016 to 2024.
Fuels and Lubricants Form Most Attractive Application Segment
By product, isooctane held the leading share of 37.07% in 2015 in terms of value. Isooctane will continue to remain a highly attractive product segment throughout the forecast period, closely followed by MTBE. In terms of value, the butyl rubber is anticipated to exhibit a high CAGR of 8.12% from 2016 to 2024. This can be attributed to the increased utilization of butyl rubber for the manufacture of tubes and tires in the automotive industry.
Get TOC of this Report @ http://www.transparencymarketresearch.com/report-toc/15845
Fuels and lubricants formed the most attractive application segment of the 2-methylpropene market and this trend is expected to continue during the forecast period. The rubber manufacturing segment, on the other hand, is expected to witness strong growth by 2024 driven by the increased application of rubber in the thriving automotive sector.
In terms of value, North America constituted the dominant share of 34.16% in 2015 and will continue being the key revenue generator in the global 2-methylpropene market. However, the declining demand for MTBE owing to various environmental and health hazards is anticipated to pose some challenges to this regional market. Registering an impressive CAGR of 8.46% from 2016 to 2024, Asia Pacific excluding Japan is anticipated to emerge as the most rapidly expanding regional segment of the 2-methylpropene market.
APAC Presents Untapped Opportunities in 2-methylpropene Market
There has been significant growth in the global automotive as well as aviation sectors over the years and this has resulted in the increased consumption of lubricant additives, gasoline, and rubber products. This in turn has had a positive impact on the demand for 2-methylpropene.
Get accurate market forecast and analysis on the 2-Methylpropene market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=15845
“This trend is particularly true for the Asia Pacific region, wherein the consumption of 2-methylpropene is high in the pharmaceutical and automotive industries in India, China, and several ASEAN countries,” the author of the study says.
Another key trend driving the global 2-methylpropene market is the surging demand for renewable sources of energy. “Bio-based 2-methylpropene products are the ideal substitute for petroleum-based variants and the various benefits of bio-based products will continue to support the growth of this market,” the TMR analyst reports.
In contrast, the volatility in crude oil prices is anticipated to hamper the global demand for 2-methylpropene-based products, particularly MTBE. In addition to this, the harmful properties of MTBE will also pose a challenge to the growth of this market.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend 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.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
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 2-Methylpropene Market Research Report by Regional Analysis : Forecast up to 2024 here
News-ID: 725763 • Views: …
More Releases from Transparency Market Research
Acromegaly Treatment Market to Reach USD 3.1 Billion by 2035, Driven by Diagnost …
The global Acromegaly Treatment Market is experiencing a significant transformation as improved early diagnosis, innovative therapeutic formulations, and regulatory support converge to expand patient access and drive substantial growth. According to the latest industry analysis, the global market, valued at US$ 1.5 billion in 2024, is projected to reach US$ 3.1 billion by 2035, progressing at a CAGR of 6.7% from 2025 to 2035.
Gain a preview of important insights from…
Forensic Genomics Market Projected to Surge to USD 2.4 Billion by 2035 as NGS, A …
The global Forensic Genomics Market is undergoing a period of accelerated transformation and expansion as next-generation sequencing (NGS), advanced PCR workflows, and AI/ML-driven bioinformatics redefine the capabilities of modern forensic investigations. According to the latest industry analysis, the market-valued at US$ 0.5 billion in 2024-is projected to reach approximately US$ 2.4 billion by 2035, expanding at a compound annual growth rate (CAGR) of 14.5% between 2025 and 2035.
Access key findings…
Planetary Roller Screw Market to Reach USD 1.1 Billion by 2035 as Demand for Hig …
The global Planetary Roller Screw Market is poised for substantial expansion over the next decade, driven by rising demand for high-load, high-precision performance in harsh industrial environments, rapid technological advancements, and the ongoing global shift toward electrified and automated systems. According to the latest industry intelligence, the market-valued at US$ 610.0 Mn in 2024-is projected to reach US$ 1,105.0 Mn by 2035, advancing at a compound annual growth rate (CAGR)…
Chemical Absorbent Cotton Market Set to Reach USD 600.1 Million by 2035 Driven b …
The global Chemical Absorbent Cotton Market is entering a phase of sustained expansion, backed by rapid industrialization, strengthened environmental regulations, and growing adoption of biodegradable absorbent solutions across healthcare, chemical handling, automotive, and industrial safety applications. According to the latest industry analysis, the global market-valued at US$ 340.0 million in 2024-is projected to reach US$ 600.1 million by 2035, expanding at a CAGR of 5.4% from 2025 to 2035.
Access key…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
