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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 share is expected to increase by USD 5.87 billion from 2020 to 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 isobutene market segmentations 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, MEA, 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., Tokyo Chemical Industry Co. Ltd. , and TPC Group among others.

What will the Isobutene Market Size be During the Forecast Period?

Isobutene Market Size

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Isobutene Market: Key Drivers, Trends, and Challenges

The growing demand for rubber from 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.

Key Isobutene Market Driver

The growing demand for rubber from automotive industry is a major factor driving the global isobutene market share growth. The production of various synthetic chemical products is done using high-purity isobutene or isobutylene. In the automotive industry, the demand for butyl rubber in tire manufacturing is growing at a steady rate due to its excellent chemical and mechanical properties, such as high vibration damping capabilities and low permeability to air and moisture. With a booming automotive industry, tire production has increased exponentially in developing countries like India and China. With the ever-growing need for tires in automotive vehicles by original equipment manufacturers (OEM) and the aftermarket, the demand for rubber will increase, which will, in turn, drive the isobutene market during the forecast period. 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 automotive market will foster the demand for rubber in tire manufacturing.           

Key Isobutene Market Trend

The innovations and advances in the production of isobutene is another factor supporting the global isobutene market share growth. A new bio-based, green method has been developed to produce the widely used fuel-additive and industrial chemical isobutene. The continuous demand for isobutene has led to the development of this novel production method, which involves the conversion of biomass to isobutene. However, the conventional method of producing isobutene is by the petrochemical cracking of crude oil. The fluctuations in crude oil prices have forced the end-users to shift from the conventional method to the bio-based fermentation process. Global Bioenergies, a French company, has developed the bio-based production process for the production of isobutene. The company has developed a unique metabolic pathway that carries out the genetic transformation of microbes using advanced engineering for the conversion of glucose to isobutene. The company has even developed isobutene from wheat straw. The process involves the digestion of biomass to glucose. Then, through fermentation and separation, it gets converted into isobutanol. In the final step, isobutanol is converted to isobutene through dehydration and separation. Such innovations will drive the growth of the market.       

Key Isobutene Market Challenge

The hazardous effects of isobutene derivatives will be a major challenge for the global isobutene market share growth during the forecast period. Although isobutene derivatives are used in automotive, aerospace, pharmaceuticals, and other sectors, they have been known to have mildly hazardous effects on the environment. With the rising concerns for harmful emissions from automobiles, the use of octane boosters or octane enhancers is continuously increasing. MTBE, a derivative product of isobutylene or isobutene, when used as an octane enhancer, often goes into the groundwater, resulting in the contamination of drinking water. It also affects the taste and smell of the water. MTBE gets into the groundwater when it leaks from a storage tank or when gasoline is spilled on the ground. Since MTBE easily evaporates in water and moisture, it can go unnoticed in drinking water or air inside the house. Exposure to high levels of MTBE over a long period of time can cause kidney and liver damage, drowsiness, cancer, respiratory diseases, and other health issues. Essentially, this will hamper the growth of the market.

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.

Parent Market Analysis

Technavio categorizes the global isobutene market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the isobutene market during the forecast period.

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.
  • Tokyo Chemical Industry 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.

Product Insights and News

  • BASF SE- The company offers Isobutene products that are highly flammable, toxic, colorless, and has the odour of benzine

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.

Isobutene Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the isobutene market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global specialty chemicals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Isobutene Market?

Isobutene Market Market segmentation by region

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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 all 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.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in the region impacted the growth of the regional isobutene market in 2020. Several countries, such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines, were under either partial or complete lockdowns to contain the spread of COVID-19. In March 2020, India imposed a nationwide lockdown. All manufacturing industries in the region were severely affected due to the governments' imposition of safety measures and stringent regulations. Either the production units were closed, or the production process was suspended. This had a negative impact on the growth of the regional isobutene market in 2020. However, from Q3 2020, the regional government has started lifting lockdown restrictions. As a result, the manufacturing units of various application segments such as automotive, aerospace, and antioxidants resumed the production activities, which gradually raised the demand for isobutene in the region. Thus, rising economic activities after the lifting of restrictions are further expected to drive the market during the forecast period.

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

Isobutene Market Segmentation

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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.

 

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, MEA, 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

Key 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., Tokyo Chemical Industry 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data 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, MEA, 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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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Specialty chemicals

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces analysis
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Methyl tert-butyl ether (MTBE) - Market size and forecast 2020-2025
      • Exhibit 17: Methyl tert-butyl ether (MTBE) - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Methyl tert-butyl ether (MTBE) - Year-over-year growth 2020-2025 (%)
    • 5.4 Ethyl tert-butyl ether (ETBE) - Market size and forecast 2020-2025
      • Exhibit 19: Ethyl tert-butyl ether (ETBE) - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Ethyl tert-butyl ether (ETBE) - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 21: Market opportunity by Product

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 22: Application - Market share 2020-2025 (%)
    • 6.2 Comparison by Application
      • Exhibit 23: Comparison by Application
    • 6.3 Automotive - Market size and forecast 2020-2025
      • Exhibit 24: Automotive - Market size and forecast 2020-2025 ($ million)
      • Exhibit 25: Automotive - Year-over-year growth 2020-2025 (%)
    • 6.4 Aerospace - Market size and forecast 2020-2025
      • Exhibit 26: Aerospace - Market size and forecast 2020-2025 ($ million)
      • Exhibit 27: Aerospace - Year-over-year growth 2020-2025 (%)
    • 6.5 Pharmaceuticals - Market size and forecast 2020-2025
      • Exhibit 28: Pharmaceuticals - Market size and forecast 2020-2025 ($ million)
      • Exhibit 29: Pharmaceuticals - Year-over-year growth 2020-2025 (%)
    • 6.6 Antioxidants - Market size and forecast 2020-2025
      • Exhibit 30: Antioxidants - Market size and forecast 2020-2025 ($ million)
      • Exhibit 31: Antioxidants - Year-over-year growth 2020-2025 (%)
    • 6.7 Others - Market size and forecast 2020-2025
      • Exhibit 32: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 33: Others - Year-over-year growth 2020-2025 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 34: Market opportunity by Application

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 36: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 37: Geographic comparison
    • 8.3 North America - Market size and forecast 2020-2025
      • Exhibit 38: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: North America - Year-over-year growth 2020-2025 (%)
    • 8.4 APAC - Market size and forecast 2020-2025
      • Exhibit 40: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: APAC - Year-over-year growth 2020-2025 (%)
    • 8.5 Europe - Market size and forecast 2020-2025
      • Exhibit 42: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 43: Europe - Year-over-year growth 2020-2025 (%)
    • 8.6 South America - Market size and forecast 2020-2025
      • Exhibit 44: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 45: South America - Year-over-year growth 2020-2025 (%)
    • 8.7 MEA - Market size and forecast 2020-2025
      • Exhibit 46: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 47: MEA - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 48: Key leading countries
    • 8.9 Market opportunity by geography
      • Exhibit 49: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • Exhibit 50: Impact of drivers and challenges
      • 9.3 Market trends

        10 Vendor Landscape

        • 10.1 Overview
          • Exhibit 51: Vendor landscape
        • 10.2 Landscape disruption
          • Exhibit 52: Landscape disruption
          • Exhibit 53: Industry risks

        11 Vendor Analysis

        • 11.1 Vendors covered
          • Exhibit 54: Vendors covered
        • 11.2 Market positioning of vendors
          • Exhibit 55: Market positioning of vendors
        • 11.3 BASF SE
          • Exhibit 56: BASF SE - Overview
          • Exhibit 57: BASF SE - Business segments
          • Exhibit 58: BASF SE - Key news
          • Exhibit 59: BASF SE - Key offerings
          • Exhibit 60: BASF SE - Segment focus
        • 11.4 Chevron Phillips Chemical Co. LLC
          • Exhibit 61: Chevron Phillips Chemical Co. LLC - Overview
          • Exhibit 62: Chevron Phillips Chemical Co. LLC - Product and service
          • Exhibit 63: Chevron Phillips Chemical Co. LLC - Key news
          • Exhibit 64: Chevron Phillips Chemical Co. LLC - Key offerings
        • 11.5 Dayaram Chemicals Pvt. Ltd.
          • Exhibit 65: Dayaram Chemicals Pvt. Ltd. - Overview
          • Exhibit 66: Dayaram Chemicals Pvt. Ltd. - Product and service
          • Exhibit 67: Dayaram Chemicals Pvt. Ltd. - Key offerings
        • 11.6 Evonik Industries AG
          • Exhibit 68: Evonik Industries AG - Overview
          • Exhibit 69: Evonik Industries AG - Business segments
          • Exhibit 70: Evonik Industries AG - Key news
          • Exhibit 71: Evonik Industries AG - Key offerings
          • Exhibit 72: Evonik Industries AG - Segment focus
        • 11.7 LANXESS AG
          • Exhibit 73: LANXESS AG - Overview
          • Exhibit 74: LANXESS AG - Business segments
          • Exhibit 75: LANXESS AG - Key news
          • Exhibit 76: LANXESS AG - Key offerings
          • Exhibit 77: LANXESS AG - Segment focus
        • 11.8 Linde Plc
          • Exhibit 78: Linde Plc - Overview
          • Exhibit 79: Linde Plc - Business segments
          • Exhibit 80: Linde Plc - Key news
          • Exhibit 81: Linde Plc - Key offerings
          • Exhibit 82: Linde Plc - Segment focus
        • 11.9 LyondellBasell Industries NV
          • Exhibit 83: LyondellBasell Industries NV - Overview
          • Exhibit 84: LyondellBasell Industries NV - Business segments
          • Exhibit 85: LyondellBasell Industries NV - Key offerings
          • Exhibit 86: LyondellBasell Industries NV - Segment focus
        • 11.10 Sumitomo Chemical Co. Ltd.
          • Exhibit 87: Sumitomo Chemical Co. Ltd. - Overview
          • Exhibit 88: Sumitomo Chemical Co. Ltd. - Business segments
          • Exhibit 89: Sumitomo Chemical Co. Ltd. - Key offerings
          • Exhibit 90: Sumitomo Chemical Co. Ltd. - Segment focus
        • 11.11 Tokyo Chemical Industry Co. Ltd.
          • Exhibit 91: Tokyo Chemical Industry Co. Ltd. - Overview
          • Exhibit 92: Tokyo Chemical Industry Co. Ltd. - Product and service
          • Exhibit 93: Tokyo Chemical Industry Co. Ltd. - Key offerings
        • 11.12 TPC Group
          • Exhibit 94: TPC Group - Overview
          • Exhibit 95: TPC Group - Product and service
          • Exhibit 96: TPC Group - Key offerings

        12 Appendix

        • 12.1 Scope of the report
          • 12.2 Currency conversion rates for US$
            • Exhibit 97: Currency conversion rates for US$
          • 12.3 Research methodology
            • Exhibit 98: Research Methodology
            • Exhibit 99: Validation techniques employed for market sizing
            • Exhibit 100: Information sources
          • 12.4 List of abbreviations
            • Exhibit 101: List of abbreviations

          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
          Technavio

          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
          Technavio

          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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          Isobutene Market market growth will increase by $5.87 bn during 2021-2025.
          The isobutene market market is expected to grow at a CAGR of 3.52% during 2021-2025.
          Technavio has segmented the isobutene market market 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).
          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., Tokyo Chemical Industry Co. Ltd. , TPC Group are a few of the key vendors in the isobutene market market.
          APAC will register the highest growth rate of 40% among the other regions. Therefore, the isobutene market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
          The key factors driving the isobutene market market growth are:
          • Growing demand for rubber from automotive industry
          • Innovations and advances in the production of isobutene
          The isobutene market 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.
          • What are the key global market and the regional market share?
          • What are the revenue-generating key market segments?
          • What are the key factors driving and challenging this market’s growth?
          • Who are the key market vendors and their growth strategies?
          • What are the latest trends influencing the growth of this market?
          • What are the variables influencing the market growth in the primary regions?
          • What are the factors influencing the growth of the parent market?
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