Global Isobutanol Market
Global Isobutanol Market was valued US$ valued XX Bn. in 2019 and is expected to grow US$ XX Bn. by 2027, at a CAGR of XX% during the forecast period. Market Overview: Isobutanol is colorless flammable liquid with a smell that is generally used as a solvent and chemical intermediate. Isobutanol is produced by the carbonylation of propylene. Isobutanol, a bulk chemical used in many industrial applications, like paints & coatings, oil & gas, chemicals, textiles, pharmaceuticals, etc. Among all the applications, the chemical intermediates segment has the largest market share in the global isobutanol market. Moreover, the main players in the production of Isobutanol are Dow Chemical Company, Mitsubishi Chemical Corporation, BASF SE, Eastman Chemical Company, etc. In the Asia Pacific developing countries such as China, and India is expected to have the fastest growth in the production of the Isobutanol market. The report covers the analysis of COVID-19 pandemic impact on the market by region and on the key players revenue affected till April 2020 and expected short term and long term impact on the market. Market Dynamics: Isobutanol is a colorless, low boiling isomer of butanol that is mass-produced from propene through the industrial process as well as from fermentation of carbohydrate substrates. Globally, development of effective and advance technology, demand from paints & coating industry, construction, and automotive industries, increasing processed foods industry in several emerging countries, flourishing pharmaceutical industry, and advantageous properties of isobutanol, like medium volatility, limited miscibility, improve gloss & flow, and prevent blushing are the key growth drivers of the global isobutanol market. Moreover, the commercialization of bio-isobutanol production through biological fermentation, increase in adoption of isobutene for application in newer industrial vertical, and developing economies, such as China, India, and others, will create new opportunities for the global isobutanol market. Moreover, Isobutanol is broadly used in the production of isobutyl acetate. The demand for isobutyl acetate is growing, because of its acceptance in the many consumer product industries, for example, the food processing industry and lacquer. In recent years, the demand of isobutyl acetate has also increased from paint and coating industries, on account of the stringent regulation towards the production of eco-friendly paint and coating, mostly in western countries. The demand of isobutyl acetate is expected to boost the isobutanol market throughout the forecast period. On the other hand, the stringent government regulation towards the use of isobutyl acetate in food processing and cosmetics, due to the toxic properties, is the most dominant restrain for the growth of the isobutanol market. Such as, in 2009, the Government of Canada has restricted the use of this product in cosmetics, because of the toxicity of lethal dose at 50%. Also, volatile prices and availability of raw materials, availability of substitute compounds, and stringent government regulations are the key restraints for the global isobutanol market. Market Segmentation: According to the applications, the chemical intermediates segment has the largest market share in the global isobutanol market, because of spur rising demand from the automotive and construction industries. And synthetic isobutanol is the market leader among all types of isobutanol, with a market share of about 50%. Region-wise, Asia Pacific dominated the global isobutanol market, followed by Europe. The Asia Pacific is expected to have the fastest growth, thanks to hastily increasing the automobile industry, growth in the industrial sector, increasing the oil & gas industry, development in construction sectors, and growing pharmaceutical in emerging countries, like China, and India in this region. Also, North America followed Asia-Pacific, with flourishing demand for a variety of chemicals, bio-fuels, and paints & coatings from countries, such as the U.S and Canada. The objective of the report is to present a comprehensive analysis of the Global Isobutanol Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Isobutanol Market dynamics, structure by analyzing the market segments and project the Global Isobutanol Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Isobutanol Market make the report investor’s guide.
Scope of the Global Isobutanol Market
Global Isobutanol Market, By Product Type
• Synthetic isobutanol • Bio-based isobutanol
Global Isobutanol Market, By Application
• Oil & gas • Solvents & coatings • Chemical Intermediate • Others
Global Isobutanol Market, By Region
• North America • Europe • Asia Pacific • Middle East & Africa • South America
Key players operating in the Global Isobutanol Market
• The Dow Chemical Company • Mitsubishi Chemical Corporation • BASF SE • Eastman Chemical Company • Gevo • Grupa Azoty S.A. • Saudi Butanol Company • Andra Petrochemical Limited • Oxea GmbH • TORAY INDUSTRIES, INC. • Sasol • Butamax Advanced Biofuels LLC • Syngas Biofuels Energy, Inc. • INEOS company
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