Isobutanol market valued at US$679.7 mn in 2016.


Posted October 30, 2018 by rakeshkhandare

Key players operating in the isobutanol market are The Dow Chemical Company, Mistsubishi Chemical Company, BASF SE, Eastman Chemical Company, Gevo, Grupa Azoty S.A., Saudi Butanol Company, Andra Petrochemicals Limited, Oxea GmbH.

 
Global Isobutanol Market: Snapshot
Isobutanol is a primary alcohol and an organic compound with a molecular formula of (CH3)2CHCH2OH.  It is a colourless, flammable liquid used predominantly as solvent and chemical intermediate to manufacture wide range of chemical formulations. Although it has limited miscibility in water, it is easily soluble in a wide range of regular solvents such as ketones, alcohols, ether, gycols, aromatic hydrocarbons, and aldehydes.
The global market for isobutanol has witnessed a steady pace of expansion in the past few years owing to high demand from a number of industries. The market continues to expand at a steady pace and is expected to exhibit a healthy CAGR of 5.2% over the period between 2017 and 2025.
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Increased Demand for Bio-based Products to Compel Isobutanol Manufacturers to Turn to Renewable Feedstock
On the basis of type, isobutanol is classified as synthetic isobutanol and bio-based isobutanol. Synthetic isobutanol is majorly produced by the carbonylation of propylene. The industry uses two methods to produced synthetic isobutanol namely - hydroformylation and Reppe carbonylation. Among these two hydroformylation is more common. However, due to environmental concerns, isobutanol manufacturers are shifting their focus on producing bio-based isobutanol, which is manufactured with the use of renewable feedstocks. Bio-based isobutanol is a cost effective alternative to isobutanol derived from fossil feedstock.

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On the basis of end user segment isobutanol is segmented into paints and coatings, oil and gas, pharmaceuticals, chemicals, and textiles. Isobutanol in the form of colorless, oily liquid is used as an industrial solvent that can be Global Isobutanol Market: Snapshot
Isobutanol is a primary alcohol and an organic compound with a molecular formula of (CH3)2CHCH2OH. It is a colourless, flammable liquid used predominantly as solvent and chemical intermediate to manufacture wide range of chemical formulations. Although it has limited miscibility in water, it is easily soluble in a wide range of regular solvents such as ketones, alcohols, ether, gycols, aromatic hydrocarbons, and aldehydes. Isobutanol also performs a number of functionalities, including playing the role of extractant, additive, humectant, dehydrating agent, and starting material.

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Issued By TMR
Country India
Categories Business
Last Updated October 30, 2018