Isobutanol market factor and Trends Development Worldwide Forecast to 2023


Posted November 14, 2018 by nikhilk

Global Isobutanol Market Research Report- Information by Type (Bio-Based and Synthetic), Application (Intermediate, Solvent, Solubilizer, Extracting Agent), End-Use Industry (Pharmaceuticals, Oil & Gas, Paint & Coatings) Region – Forecast Till 2023

 
Global isobutanol market include the rising automotive production & sales, increasing consumption of coatings in woodworking & marine application, and continuous growth of textile sector. 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. 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.

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Isobutanol Market Key Players and Competition Analysis

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).

Isobutanol Market Segmentation Analysis

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.

Isobutanol Market 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. 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. Browse the market data and information spread across 139 pages with 47 data tables and 13 figures of the report “Isobutanol market factor and Trends Development Worldwide Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/isobutanol-market-5558

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Issued By MRFR
Phone +916468459312
Business Address Office No. 528,
Amanora Chambers Magarpatta Road,
Country India
Categories Industry , Manufacturing , Transportation
Tags isobutanol market , isobutanol market factors , isobutanol market size , isobutanol market trends , worldwide isobutanol market
Last Updated November 14, 2018