Isobutene Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR43695
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The isobutene market has the potential to grow by USD 5.87 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.52%.

This isobutene market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (methyl tert-butyl ether (MTBE) and ethyl tert-butyl ether (ETBE)), application (automotive, aerospace, pharmaceuticals, antioxidants, and others), and geography (North America, APAC, Europe, South America, and MEA). The isobutene market report also offers information on several market vendors, including BASF SE, Chevron Phillips Chemical Co. LLC, Dayaram Chemicals Pvt. Ltd., Evonik Industries AG, LANXESS AG, Linde Plc, LyondellBasell Industries NV, Sumitomo Chemical Co. Ltd., and TPC Group among others.

What will the Isobutene Market Size be in 2021?

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Isobutene Market: Key Drivers and Trends

The growing demand for rubber from the automotive industry is notably driving the isobutene market growth, although factors such as hazardous effects of isobutene derivatives may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the isobutene industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the isobutene market is the rising demand for rubber from the automotive industry.
  • The demand for butyl rubber in the automotive industry for tire manufacturing is growing at a steady rate due to its excellent chemical and mechanical properties.
  • The ever-growing need for tires in automotive vehicles by original equipment manufacturers (OEM) and the aftermarket will increase the demand for rubber.
  • APAC was the major consumer of rubber in 2020 due to the region's booming automotive market.
  • Countries such as Thailand, Indonesia, and Malaysia are the major markets for rubber due to their high production and consumption capacities.
  • The growing demand in the manufacturing of fine chemicals, adhesives, and antioxidants is another major factor supporting the isobutene market.
  • Isobutene is known to be a key chemical that is used in the production of plastics, adhesives, antioxidants, and specialty chemicals.  
  • Isobutene contains a reactive double bond and can actively take part in various types of chemical reactions, resulting in different products.
  • The Food and Drug Administration (FDA) and the EU have approved the use of BHT as a food additive, although in minute quantities.
  • High-purity isobutylene or isobutene is also used in the manufacturing of neopentane acid, methyl chloride, polyisobutylene (PIB), and other chemicals.

This isobutene market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Isobutene Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • BASF SE
  • Chevron Phillips Chemical Co. LLC
  • Dayaram Chemicals Pvt. Ltd.
  • Evonik Industries AG
  • LANXESS AG
  • Linde Plc
  • LyondellBasell Industries NV
  • Sumitomo Chemical Co. Ltd.
  • TPC Group

 

This statistical study of the isobutene market encompasses successful business strategies deployed by the key vendors. The isobutene market is fragmented and the vendors are deploying growth strategies such as increasing their product offerings to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The isobutene market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Isobutene Market?

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40% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for isobutene market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rapidly increasing automotive industry, growth in the manufacturing sector, and the rising per capita disposable income will facilitate the isobutene market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Isobutene Market?

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The isobutene market share growth by the methyl tert-butyl ether (MTBE) segment will be significant during the forecast period. MTBE is added to gasoline to increase its octane number. Additionally, it helps reduce carbon monoxide emissions from engine fuel and enhances the lifespan of engines. MTBE finds use in end-user application industries, including automotive and aerospace.

This report provides an accurate prediction of the contribution of all the segments to the growth of the isobutene market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Isobutene Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive isobutene market growth during the next five years
  • Precise estimation of the isobutene market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the isobutene industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of isobutene market vendors

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Isobutene Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.52%

Market growth 2021-2025

$ 5.87 billion

Market structure

Fragmented

YoY growth (%)

2.40

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

APAC at 40%

Key consumer countries

China, Japan, Germany, US, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BASF SE, Chevron Phillips Chemical Co. LLC, Dayaram Chemicals Pvt. Ltd., Evonik Industries AG, LANXESS AG, Linde Plc, LyondellBasell Industries NV, Sumitomo Chemical Co. Ltd., and TPC Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The isobutene market growth will increase by $7.31 billion during 2019-2024.
The isobutene market is expected to grow at a CAGR of 4.22% during 2019-2024.
Technavio has segmented the isobutene market by product (Methyl tert-butyl ether (MTBE) and Ethyl tert-butyl ether (ETBE)) and geographic (APAC, Europe, North America, MEA, and South America).
BASF SE, Chevron Phillips Chemical Co. LLC, Evonik Industries AG, LANXESS AG, LyondellBasell Industries NV, Praxair Inc., Shandong Chambroad Petrochemicals Co. Ltd., Sumitomo Chemical Co. Ltd., Tokyo Chemical Industry Co. Ltd. , TPC Group are a few of the key vendors in the isobutene market.
APAC will register the highest growth rate of 43.01% among the other regions. Therefore, the isobutene market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • India
  • France
  • Germany
The key factors driving the isobutene market growth are:
  • Growing demand for rubber from automotive industry
The isobutene market vendors should focus on grabbing business opportunities from the methyl tert-butyl ether (mtbe) segment as it accounted for the largest market share in the base year.
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