Isobutanol Market Research Report- Forecast to 2030

Isobutanol Market Research Report- Information By Type (Bio-Based And Synthetic), Application (Intermediate, Solvent, Solubilizer, Extracting Agent, Additive, And Others), End-Use Industry (Pharmaceuticals, Oil & Gas, Paint & Coatings, Textiles, Chemicals, And Others) Region – Forecast Till 2030

ID: MRFR/CnM/4110-HCR | February 2021 | Region: Global | 139 pages

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Synopsis of Isobutanol Market:


Isobutanol is a colorless, mobile, neutral liquid with a characteristic odor that is used in organic synthesis. It has similar properties to n-butyl alcohol and can be used as a supplement or replacement for them in many application. Solvent, isobutanol is widely used to decrease the viscosities in of many formulations and simultaneously promote the leveling and flow. It possesses excellent properties and widely used as a solvent, solubilizer, additive, extracting agent, additive, and intermediate in numerous end-use industries such as paints & coatings, oil & gas, pharmaceuticals, textiles, chemicals, and others. Coatings can be utilized in industrial maintenance and marine, transportation, can and coil, wood, and others.


As per the analysis, some of the noticeable market factors and trends identified in the global isobutanol market include the rising automotive production & sales, increasing consumption of coatings in woodworking & marine application, and continuous growth of textile sector. Moreover, increasing consumption of isobutanol in the production of antibiotics, vitamins, and camphor along with the expansion of pharmaceutical & medical sector across the globe is estimated to fuel the demand for isobutanol over the forecast period. Furthermore, increased demand for coatings across numerous industries such as building & construction, automotive, wood, and others is predicted to have a significant positive impact on the demand for global isobutanol market in the upcoming years. Increasing population along with rising consumption of textile apparels has increased the demand for isobutanol based intermediate which in turn is predicted to propel the demand for the market over the assessment period, during 2017 to 2023. Increasing vehicle production along with growing consumption of isobutanol based coating is estimated to drive the demand for the market over the assessment period. However, fluctuating price of raw material due to volatility in crude oil price is expected to hamper the growth of the market over the forecast period.


The global Isobutanol market share by application (2016), (%)


 isobutanol market share


Source: MRFR Analysis


Key Players:


Some of the prominent players operating in the global isobutanol market are BASF SE (Germany), Eastman Chemical Company (U.S.), Gevo (U.S.), Butamax® Advanced Biofuels LLC (U.S.), Sahara PCC (Saudi Arabia), The Dow Chemical Company (U.S.), Mitsubishi Chemical Corporation (Japan), OXEA GmbH (Germany), INEOS (UK), SIBUR (Russia), Lesaffre Advanced Fermentations (France) among others.


Regional Analysis:


The global isobutanol market is further categorized into five regions namely- Latin America, and the Middle East & Africa, North America, Asia Pacific, and Europe. Among these, Asia Pacific emerged as the leading market share in 2016 and continue to remain leading regional market share in terms of value and volume. The factors attributed to the regional market growth are the continuous growth of numerous end-use industries such as paints & coatings, pharmaceuticals, and oil & gas among others. The demand for isobutanol is estimated to propel the growth of the market in numerous countries of the Asia Pacific such as India, China, the Philippines, Australia, Taiwan, Japan, Malaysia, Singapore, and South Korea due to steady urbanization and high adoption rate from various end-use industries.


The Asia Pacific emerged as the largest isobutanol market followed by Europe and North America. Europe is predicted to be the second largest market for isobutanol and is expected to witness constant growth due to the presence of automotive manufacturers in countries such as UK, Germany, France, Italy, and Spain. Moreover, increased investment by major players in the research and development activities and innovation is estimated to fuel the regional market growth. The European market is further followed by North America; the U.S estimated to hold the maximum market share in terms of value and volume and is expected to retain its dominance on account of rising onshore activities along with expanding oil & gas sector. In the Middle East & Africa, numerous countries such as Kuwait, Turkey, Qatar, the United Arab Emirates, Oman, and Saudi Arabia are estimated to register above-average growth owing to rising construction activities combined with growing consumption of isobutanol based coatings. In Latin America, Mexico and Brazil are among the leading contributors in the regional market on account of strong based for transportation manufacturers along with increasing purchasing power of consumer for a personal vehicle.


Segmentation:


The global isobutanol market is segmented on the basis of type, application, end use industry, and region. On the basis of type, isobutanol market is bifurcated into bio-based and synthetic. On the basis of application, the market is categorized into intermediate, solvent, solubilizer, extracting agent, additive, and others. On the basis of end-use industry, the market is segmented into pharmaceuticals, oil & gas, paint & coatings, textiles, chemicals, and others. On the basis of region, the market is divided into Latin America, Asia Pacific, Europe, North America, and the Middle East & Africa.


 


Intended Audience:



  • Isobutanol manufacturers

  • Traders and Distributors of isobutanol

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant value
  CAGR   (2020-2030): 4.30% CAGR
  Base Year   2021
  Forecast Period    2020 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Application, End-Use Industry and Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   BASF SE (Germany), Eastman Chemical Company (U.S.), Gevo (U.S.), Butamax® Advanced Biofuels LLC (U.S.), Sahara PCC (Saudi Arabia), The Dow Chemical Company (U.S.), Mitsubishi Chemical Corporation (Japan), OXEA GmbH (Germany), INEOS (UK), SIBUR (Russia), Lesaffre Advanced Fermentations (France) among others.
  Key Market Opportunities   Increasing consumption of isobutanol in the production of antibiotics, vitamins, and camphor along with the expansion of pharmaceutical & medical sector
  Key Market Drivers   The rising automotive production & sales, increasing consumption of coatings in woodworking & marine application,


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Frequently Asked Questions (FAQ) :

The forecast period for Isobutanol Market research report is 2020-2030.

Global Isobutanol Market is dominated by APAC region.

BASF SE (Germany), Eastman Chemical Company (U.S.), Gevo (U.S.), Butamax® Advanced Biofuels LLC (U.S.), Sahara PCC (Saudi Arabia), The Dow Chemical Company (U.S.), Mitsubishi Chemical Corporation (Japan), OXEA GmbH (Germany), INEOS (UK), SIBUR (Russia), Lesaffre Advanced Fermentations (France)