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Global Isobutanol Market: Increased Demand for Paints and Coatings Globally to Augur Well for Market Growth 2023
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Isobutanol is widely used in the production of isobutyl acetate. The demand for isobutyl acetate is growing, owing to its acceptance in the various consumer product industries, such as food processing industry and lacquer.
The stringent government regulation towards the use of isobutanol in food processing and cosmetics, owing to the toxic properties, is still the most dominant restrain for the growth of isobutanol market. In 2009, Government of Canada has restricted the use of isobutanol in cosmetics, due to the toxicity of lethal dose at 50%.
Based on various applications, the global isobutanol market can be segmented as Oil and Gas, Paint and coating, Cosmetics, Food processing, De-icing fluids, Textile and others. Based on the various end use of isobutanol, the market can be broadly segmented as Isobutyl ester, P-xylene, Isobutanol, Isobutyl and others.
Asia Pacific is the largest market of Isobutanol in 2014, attributed to the demand of isobutanol from food processing and paints and coating industry in this region. The surging urbanization and strengthening infrastructural project in tier II and tier III cities of India and China has boosted the demand of isobutanol in this region.
Read summary of market report here : https://www.psmarketresearch.com/market-analysis/isobutanol-market
Some of the major companies operating in the global isobutanol market include The Dow Chemical Company, BASF SE, Eastman Chemical Company, Fitesa, Toray Industries, Inc. and Gevo, Inc.
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