a downstream derivative of crude oil is a colourless and volatile liquid. Isobutene also known as 2-methylpropene is produced during the fractionation process of refinery gasses and by means of catalytic cracking of methyl-t-butyl ether. Globally, increasing demand from end-use industries such as fuel additives, sealants, automotive, and pharmaceutical, growing automotive and aerospace industry and manufacturing of tires and tubes, and advantageous properties of isobutene are the prime growth drivers of global isobutene market. In addition, growing focus on development of eco-friendly isobutene, increase in adoption of isobutene for application in newer industrial vertical and emerging economies such as China, India and others, will create new opportunities for global isobutene market. However, volatile prices and availability of raw materials, availability of substitute compounds, and complex process of manufacturing are the key restraints for global isobutene market.
Geographically Asia Pacifc dominated
global isobutene market,
with approximately 40% of market share. Asia Pacific is projected to have fastest growth, owing to rapidly increasing automobile industry, rise in industrial sector, and growing manufacturing of tubes and tire, and increasing demand for packaging in the pharmaceutical industry in developing nations such as China, and India in this region. Among all the applications, automotive industry has the highest market share in global isobutene market due to higher usage of isobutene-based butyl rubber in the dynamic parts, hoses, and inner liners of tires and as an anti-knocking agent in automotive fuel. High Methyl tert-butyl ether (MTBE) is the market leader among all types of isobutene, owing to its wide application scope in end-use industries.
This report identifies the global isobutene market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global isobutene market.
This report segments global isobutene market on the basis of type, end-user, and regional market as follows:
- Isobutene Market, By Type: Methyl Tert-Butyl Ether (MTBE), and Ethyl Tert-Butyl Ether (ETBE)
- The report has focused study on isobutene market by basis of application such as: Automotive, Aerospace, Antioxidants, Pharmaceuticals, and Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the isobutene market. Some of the major companies’ profiles in detail are as follows:
- Evonik Industries
- LyondellBasell N.V.
- BASF SE
- Exxon Mobil
- ABI Chemicals