High Purity Isobutylene (HPIB) Market: By Method (C4 fraction separation, MTBE decomposition, Isobutane Dehydrogenation and Others), By Application (Butyl Rubber, Polyisobutylene, Tery-Butylphenol Series Product, Trimethylacetic Acid, Methyl-Ally-Chloride and Others) and Region (North America, Europe, Asia Pacific, The Middle East & Africa (MEA), Latin America) - Forecast till 2030

High Purity Isobutylene Market- Snapshot

The High Purity Isobutylene Market is set to record a compound annual growth rate of 7.62% during the forecast 2021-2030.High purity isobutylene (HPIB) market is projected to travel on an upward trajectory over the next several years. HPIB demand is on the rise owing to its increased application in the automotive sector. Much of the growth in HPIB demand can be attributed to the expansion of end-use sectors such as rubber manufacturing and fuel additives in regions such as APAC, LatAm and MEA.  MTBE decomposition method continues to be the most popular method for HPIB production but growing criticisms with regards to its poor environmental viability has raised concern among suppliers. It is highly likely that development of acceptable production techniques will remain a key area of focus in the forthcoming years.  

Synopsis

This MRFR report offers a comprehensive assessment of the global HPIB market. It includes a historical analysis along with a eight-year revenue (2022-2030) forecast. All the important macro and microeconomic factors have been thoroughly discussed in the report. The scope of discussion also covers potentials of various HPIB production methods including C4 fraction separation, isobutane dehydrogenation and MTBE decomposition. Also, detailed analysis is available of the application potential of HPIB in manufacturing of polyisobutylene, butyl rubber, trimethylacetic acid, tery-butylphenol series product, polyisobutylene and methyl-ally-chloride.

Companies Covered

Zhejiang Shunda New Material Co., Ltd., Sinopec Beijing Yanshan Company, Honeywell International Inc., Sumitomo Chemical Co., Ltd., PJSC Nizhnekamskneftekhim, Shandong Chambroad Petrochemicals Co. Ltd., Zibo Qixiangtengda Chemcial Co., Ltd., Evonik Industries AG., TPC Group, Exxon Mobil Corporation, Global Bioenergies, LyondellBasell Industries Holdings BV, Tasco Group, Songwon, and Saipem SpA.

The High purity isobutylene (HPIB) market report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.

Research Methodology

MRFR's research crux involves accurate assessment of various aspects of the High purity isobutylene (HPIB) market market through a scrupulous combination of both primary and secondary research methods. Primary data assortment includes gathering inputs from experts and pioneers of the relevant industry. Secondary data is impersonated from information available on public domain such as journals, annual reports, white papers, SEC filings, company websites, etc. which assists in advanced analysis of the market. Analysts employ both top-down and bottom-up approaches to estimate and validate the size of the market and other dependent sub-markets. Collected data is rigorously analyzed and distilled thoroughly with proprietary tools to arrive at concrete conclusions.

Other Description

• Market Denomination- USD Mn


• Base Year- 2021


• Forecast Period- from 2022 to 2030

For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global high purity isobutylene market;

By Method

• C4 fraction separation


• MTBE decomposition


• Isobutane Dehydrogenation


• Others

By Application

• Butyl Rubber


• Polyisobutylene


• Tery-Butylphenol Series Product


• Trimethylacetic Acid


• Methyl-Ally-Chloride


• Others

By Region

• North America


• Europe


• Asia Pacific


• The Middle East & Africa (MEA)


• Latin America

Intended Audience

• High Purity Isobutylene Manufacturers


• High Purity Isobutylene Suppliers and Distributors


• Potential Investors


• Raw Material Suppliers


• High Purity Isobutylene Associations


• End Use Industries