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Isobutyl Benzene Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR45352
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The isobutyl benzene market share is expected to increase by USD 13.85 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.67%.

This isobutyl benzene 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 isobutyl benzene market segmentations by end-user (pharmaceuticals and others) and geography (APAC, Europe, North America, MEA, and South America). The isobutyl benzene market report also offers information on several market vendors, including Acadechem Co. Ltd., Central Glass Co. Ltd., IOL Chemicals and Pharmaceuticals Ltd., Merck KGaA, Ralington Pharma LLP, Santa Cruz Biotechnology Inc., Shandong Xinhua Pharmaceutical Co. Ltd., SI Group Inc., Tokyo Chemical Industry Co. Ltd. , and Vinati Organics Ltd. among others.

What will the Isobutyl Benzene Market Size be During the Forecast Period?

Isobutyl Benzene Market Size

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Isobutyl Benzene Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The high demand for ibuprofen is notably driving the isobutyl benzene market growth, although factors such as fluctuating crude oil prices 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 isobutyl benzene industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Isobutyl Benzene Market Driver

The high demand for ibuprofen is one of the key factors driving the growth of the global isobutyl benzene market. Isobutyl benzene is a major raw material used for manufacturing ibuprofen. Ibuprofen is an extensively used painkiller. It is an analgesic, anti-inflammatory drug used for treating rheumatoid arthritis, ankylosing spondylitis, osteoarthritis, and other non-rheumatoid arthritis. Ibuprofen can be used for treating soft-tissue injuries such as sprains and strains. It is a cost-effective analgesic and anti-inflammatory drug. Moreover, Ibuprofen cures headaches, tooth pain, menstrual cramps, muscle aches, and arthritis. It reduces fever and cures minor aches and pain caused by the common cold or flu. As a non-steroidal anti-inflammatory drug (NSAID), ibuprofen blocks COX enzymes that cause inflammation in the body. However, the demand for ibuprofen is constantly increasing as it is an excellent painkiller and reduces fever as well. The intravenous mode of drug delivery is preferred to other modes such as oral and transdermal modes. It helps in acute pain management by ensuring the fast action of the drug. Ibuprofen is administered in intravenous mode.

Key Isobutyl Benzene Market Trend

The increase in spending by the pharmaceutical industry will fuel the global isobutyl benzene market growth. The pharmaceutical industry is the largest end-user of the global isobutyl benzene market, and the growth of the pharmaceutical industry is expected to drive the global isobutyl benzene market during the forecast period. Isobutyl benzene which is used as a feedstock for the synthesis of ibuprofen must have around 99.50% purity. The increased use of ibuprofen in the medical and pharmaceutical industry has fueled the demand for isobutyl benzene. The global pharmaceutical industry is expected to witness accelerated growth during the forecast period, with North America having the major share of the market. The growth is largely attributed to the expansion of the market in emerging countries and the increasing R&D expenditure of pharmaceutical companies. Some government organizations are also focusing on expanding the pharmaceutical sector in their countries. For instance, in August 2018, the Government of Thailand announced the Thailand National Strategy Thailand 4.0. As a part of this strategy, the government is focusing on enhancing the pharmaceutical sector in the country through investments. These factors can increase the sales of pharmaceutical products, which will drive the growth of the market during the forecast period.

Key Isobutyl Benzene Market Challenge

The fluctuating crude oil prices are a major challenge for the global isobutyl benzene market growth. Fluctuating crude oil prices pose a serious challenge to the global isobutyl benzene market. Toluene and propylene are the major raw materials used for producing isobutyl benzene. As they are crude oil derivatives, fluctuations in crude oil prices hamper the production capacity and affect the cost of production of toluene and propylene. Propylene, a key chemical building block in various industrial products, is directly produced from oil or its derivatives such as naphtha or liquefied petroleum gas. As a result, volatility in crude oil prices significantly impacts the petrochemical industry. Moreover, the decline in oil prices has compelled players operating in the oil and gas industry to implement cost-cutting measures such as workforce layoffs. Despite the increase in Brent and WTI crude oil prices, the Energy Information Administration (EIA) expects downward price pressures in 2019. Supply and demand are directly affected by the volatility in crude oil prices because of the fluctuating exchange rates, imports and exports, and reduction in production capacity. Volatility in raw material prices can have a major impact on the global isobutyl market during the forecast period.

This isobutyl benzene 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 isobutyl benzene market as a part of the global commodity chemicals market within the global 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 isobutyl benzene market during the forecast period.

Who are the Major Isobutyl Benzene Market Vendors?

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

 

  • Acadechem Co. Ltd.
  • Central Glass Co. Ltd.
  • IOL Chemicals and Pharmaceuticals Ltd.
  • Merck KGaA
  • Ralington Pharma LLP
  • Santa Cruz Biotechnology Inc.
  • Shandong Xinhua Pharmaceutical Co. Ltd.
  • SI Group Inc.
  • Tokyo Chemical Industry Co. Ltd. 
  • Vinati Organics Ltd.

 

This statistical study of the isobutyl benzene market encompasses successful business strategies deployed by the key vendors. The isobutyl benzene market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Acadechem Co. Ltd. -The company offers isobutyl benzene which has various applications across different industries.

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 isobutyl benzene 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.

Isobutyl Benzene Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the isobutyl benzene 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 the global 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 service providers to ensure a sustainable market presence.

Which are the Key Regions for Isobutyl Benzene Market?

Isobutyl Benzene Market Share by Geography

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44% of the market’s growth will originate from APAC during the forecast period. India and China are the key markets for isobutyl benzene market in APAC. Market growth in this region will be faster than the growth of the market in regions.

The high demand for ibuprofen will facilitate the isobutyl benzene 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 market growth in the region witnessed certain challenges due to the outbreak of COVID-19 in 2020. India, China, Pakistan, and Bangladesh were some of the most affected countries by the pandemic in the region.  In the first half of 2020, many medical laboratories in the region announced a partial shutdown of their operations due to the pandemic. The pandemic also affected the sales of beauty products, such as perfumes, in the region. These factors affected the demand for isobutyl benzene, which hindered the potential growth of the market in the region in 2020. However, ongoing COVID-19 vaccination drives are expected to reduce the number of COVID-19 cases. This will support the complete resumption of operations in the manufacturing sites of isobutyl benzene vendors as well as end-users such as personal care and pharmaceutical, which will likely increase the demand for isobutyl benzene in APAC during the forecast period.

What are the Revenue-generating End-user Segments in the Isobutyl Benzene Market?

Isobutyl Benzene Market Share

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The isobutyl benzene market share growth in the Pharmaceuticals segment will be significant during the forecast period. Isobutyl benzene is used as a raw material for manufacturing anti-inflammatory and analgesic drugs such as ibuprofen. It is extensively used as a key raw material for producing ibuprofen across the US, Europe, and Asia. Isobutyl benzene, used as a feedstock for the synthesis of ibuprofen, must have around 99.5% purity. The increased use of ibuprofen in the medical and pharmaceutical industry has fueled the demand for isobutyl benzene.

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

Isobutyl Benzene Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.67%

Market growth 2021-2025

$ 13.85 million

Market structure

Fragmented

YoY growth (%)

4.22

Regional analysis

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

Performing market contribution

APAC at 44%

Key consumer countries

India, US, China, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Acadechem Co. Ltd., Central Glass Co. Ltd., IOL Chemicals and Pharmaceuticals Ltd., Merck KGaA, Ralington Pharma LLP, Santa Cruz Biotechnology Inc., Shandong Xinhua Pharmaceutical Co. Ltd., SI Group Inc., Tokyo Chemical Industry Co. Ltd. , and Vinati Organics Ltd.

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 Isobutyl Benzene Market Report?

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

    • 5.1 Market segments
      • Exhibit 15: End-user - Market share 2020-2025 (%)
    • 5.2 Comparison by End-user
      • Exhibit 16: Comparison by End-user
    • 5.3 Pharmaceuticals - Market size and forecast 2020-2025
      • Exhibit 17: Pharmaceuticals - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Pharmaceuticals - Year-over-year growth 2020-2025 (%)
    • 5.4 Others - Market size and forecast 2020-2025
      • Exhibit 19: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Others - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by End-user
      • Exhibit 21: Market opportunity by End-user

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 25: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 North America - Market size and forecast 2020-2025
      • Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
    • 7.6 MEA - Market size and forecast 2020-2025
      • Exhibit 31: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: MEA - Year-over-year growth 2020-2025 (%)
    • 7.7 South America - Market size and forecast 2020-2025
      • Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 37: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • 9.2 Vendor landscape
            • Exhibit 38: Vendor landscape
          • 9.3 Landscape disruption
            • Exhibit 39: Landscape disruption
            • Exhibit 40: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 41: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 42: Market positioning of vendors
          • 10.3 Acadechem Co. Ltd.
            • Exhibit 43: Acadechem Co. Ltd. - Overview
            • Exhibit 44: Acadechem Co. Ltd. - Product and service
            • Exhibit 45: Acadechem Co. Ltd. - Key offerings
          • 10.4 Central Glass Co. Ltd.
            • Exhibit 46: Central Glass Co. Ltd. - Overview
            • Exhibit 47: Central Glass Co. Ltd. - Business segments
            • Exhibit 48: Central Glass Co. Ltd. - Key offerings
            • Exhibit 49: Central Glass Co. Ltd. - Segment focus
          • 10.5 IOL Chemicals and Pharmaceuticals Ltd.
            • Exhibit 50: IOL Chemicals and Pharmaceuticals Ltd. - Overview
            • Exhibit 51: IOL Chemicals and Pharmaceuticals Ltd. - Business segments
            • Exhibit 52: IOL Chemicals and Pharmaceuticals Ltd. - Key offerings
            • Exhibit 53: IOL Chemicals and Pharmaceuticals Ltd. - Segment focus
          • 10.6 Merck KGaA
            • 10.7 Ralington Pharma LLP
              • Exhibit 58: Ralington Pharma LLP - Overview
              • Exhibit 59: Ralington Pharma LLP - Product and service
              • Exhibit 60: Ralington Pharma LLP - Key offerings
            • 10.8 Santa Cruz Biotechnology Inc.
              • Exhibit 61: Santa Cruz Biotechnology Inc. - Overview
              • Exhibit 62: Santa Cruz Biotechnology Inc. - Product and service
              • Exhibit 63: Santa Cruz Biotechnology Inc. - Key offerings
            • 10.9 Shandong Xinhua Pharmaceutical Co. Ltd.
              • Exhibit 64: Shandong Xinhua Pharmaceutical Co. Ltd. - Overview
              • Exhibit 65: Shandong Xinhua Pharmaceutical Co. Ltd. - Business segments
              • Exhibit 66: Shandong Xinhua Pharmaceutical Co. Ltd. - Key offerings
              • Exhibit 67: Shandong Xinhua Pharmaceutical Co. Ltd. - Segment focus
            • 10.10 SI Group Inc.
              • Exhibit 68: SI Group Inc. - Overview
              • Exhibit 69: SI Group Inc. - Product and service
              • Exhibit 70: SI Group Inc. - Key news
              • Exhibit 71: SI Group Inc. - Key offerings
            • 10.11 Tokyo Chemical Industry Co. Ltd.
              • Exhibit 72: Tokyo Chemical Industry Co. Ltd. - Overview
              • Exhibit 73: Tokyo Chemical Industry Co. Ltd. - Product and service
              • Exhibit 74: Tokyo Chemical Industry Co. Ltd. - Key offerings
            • 10.12 Vinati Organics Ltd.
              • Exhibit 75: Vinati Organics Ltd. - Overview
              • Exhibit 76: Vinati Organics Ltd. - Business segments
              • Exhibit 77: Vinati Organics Ltd. - Key offerings
              • Exhibit 78: Vinati Organics Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 79: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 80: Research Methodology
                • Exhibit 81: Validation techniques employed for market sizing
                • Exhibit 82: Information sources
              • 11.4 List of abbreviations
                • Exhibit 83: 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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              Isobutyl Benzene Market market growth will increase by $13.85 mn during 2021-2025.
              The isobutyl benzene market market is expected to grow at a CAGR of 4.67% during 2021-2025.
              Technavio has segmented the isobutyl benzene market market by end-user (pharmaceuticals and others) ,geography (APAC, Europe, North America, MEA, and South America) , and geographic (APAC, Europe, North America, MEA, and South America).
              Acadechem Co. Ltd., Central Glass Co. Ltd., IOL Chemicals and Pharmaceuticals Ltd., Merck KGaA, Ralington Pharma LLP, Santa Cruz Biotechnology Inc., Shandong Xinhua Pharmaceutical Co. Ltd., SI Group Inc., Tokyo Chemical Industry Co. Ltd. , Vinati Organics Ltd. are a few of the key vendors in the isobutyl benzene market market.
              APAC will register the highest growth rate of 44% among the other regions. Therefore, the isobutyl benzene market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the isobutyl benzene market market growth are:
              • High demand for ibuprofen
              • Increase in spending by pharmaceutical industry
              The isobutyl benzene market market vendors should focus on grabbing business opportunities from the pharmaceuticals 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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              • Five-force market analysis

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