Methyl Isobutyl Carbinol (MIBC) Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Mar 2022

Pages: 136

SKU: IRTNTR72401

Snapshot

The methyl isobutyl carbinol (MIBC) market share is expected to increase by USD 78.75 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.02%.

This methyl isobutyl carbinol 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 MIBC market segmentation by end-user (building and construction, mining, automobile, aerospace, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa).

What will the Methyl Isobutyl Carbinol (MIBC) Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the MIBC Market Size for the Forecast Period and Other Important Statistics

The methyl isobutyl carbinol market report also offers information on several market vendors, including Akzo Nobel NV, Aug. Hedinger GmbH and Co. KG, Cameo Chemicals, Celanese Corp., Cetex Petrochemicals Ltd., Eastman Chemical Co., Hebei Xinji Chemical Group Co.Ltd., Mitsubishi Chemical Corp., Mitsui Chemicals Inc., Monument Chemical, Redox Pty Ltd., Royal Dutch Shell Plc, Solvay SA, Stobec Inc., Sumitomo Chemical Co. Ltd., Wego Chemical Group Inc., WEIFANG YI HUA CHEMICAL CO. LTD., Arkema SA, BASF SE, and Dow Inc. among others.

Methyl Isobutyl Carbinol (MIBC) Market: Key Drivers, Trends, and Challenges

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

Key MIBC Market Driver

One of the key factors driving the global methyl isobutyl carbinol market growth is the increasing demand from the construction industry. Construction is currently a growing business in various rising economies in the Asia-Pacific and South America. In seasonally adjusted figures, private sector dwellings climbed 15.1% monthly and 57.5% annually in February 2021, according to the Australian Bureau of Statistics (ABS). According to the United States Census Bureau, in the fourth quarter of 2019 (October to December), repair and maintenance of non-housing and public housing grew by 1.6% and 0.9 %, respectively, in the UK. Furthermore, construction output in November 2020 was 0.6% higher than in February 2020, with repair and maintenance work increasing by 7.4%. Such factors are expected to drive market growth during the forecast period.

Key MIBC Market Trend

Increasing demand from the flourishing automotive industry is one of the key methyl isobutyl carbinol market trends that is expected to impact the industry positively in the forecast period. For instance, according to the Federation of Automobile Dealers Associations (FADA), passenger car sales in India in November 2020 were 291,001 units, up from 279,365 units in November 2019, a 4.17% increase. In addition, in the latter half of 2020, to maintain the social distancing norms and to avoid exposure to COVID-19 infection people started preferring their own personal vehicles for travelling purposes. Moreover, in 2018, the total demand for electric vehicles in Japan reached 27,000 units, a 250% increase over the preceding ten years. In 2018, 1.4 million HVs were sold, representing a 130 per cent raise over the previous ten years. Thus, the demand for methyl isobutyl carbinol, which is used in the production of lube oil additives, may increase as lube oil demand rises in the forecast period.

Key MIBC Market Challenge

One of the key challenges to the global methyl isobutyl carbinol market growth is the hazardous effects of MIBC derivatives. Changes in demand and the availability of alternatives are also expected to have a detrimental influence on the industry in the near future. Acute (short-term) MIBC exposure can cause human weariness, headache, nausea, lightheadedness, vomiting, dizziness, incoordination, and narcosis by irritating the eyes and mucous membranes. Chronic long-term occupational exposure to methyl isobutyl ketone has been linked to nausea, headaches, eye burning, lethargy, insomnia, gastrointestinal pain, and minor liver enlargement in humans. Such factors are expected to limit the MIBC market growth in the coming years.

This methyl isobutyl carbinol 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 2022-2026.

Which are the Key Regions for Methyl Isobutyl Carbinol (MIBC) Market?

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44% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for methyl isobutyl carbinol (MIBC) in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The significant increase in the demand for chemicals from the mineral ore processing industry will facilitate the MIBC 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 End-user Segments in the Methyl Isobutyl Carbinol (MIBC) Market?

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The methyl isobutyl carbinol market share growth by the building and construction segment will be significant during the forecast period. The significant increase in the demand for MIBC in paints and surface coatings in the building industry will drive market growth through this segment in the coming years.

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

Parent Market Analysis

Technavio categorizes the global methyl isobutyl carbinol (MIBC) market as a part of the global speciality 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 methyl isobutyl carbinol market during the forecast period.

Who are the Major Methyl Isobutyl Carbinol (MIBC) Market Vendors?

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

This statistical study of the MIBC market encompasses successful business strategies deployed by the key vendors. The methyl isobutyl carbinol market is fragmented and the vendors are deploying growth strategies such as partnerships and collaborations to compete in the market.

Product Insights and News

Akzo Nobel NV - The company offers methyl isobutyl carbinol under the brand name of Alba.
Akzo Nobel NV - In June 2021, the company partnered with TNW for Paint.

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 MIBC 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.

Methyl Isobutyl Carbinol (MIBC) Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the methyl isobutyl carbinol 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.

Methyl Isobutyl Carbinol (MIBC) Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.02%
Market growth 2022-2026	$ 78.75 million
Market structure	Fragmented
YoY growth (%)	1.8
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 44%
Key consumer countries	US, Canada, China, Japan, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Akzo Nobel NV, Aug. Hedinger GmbH and Co. KG, Cameo Chemicals, Celanese Corp., Cetex Petrochemicals Ltd., Eastman Chemical Co., Hebei Xinji Chemical Group Co.Ltd., Mitsubishi Chemical Corp., Mitsui Chemicals Inc., Monument Chemical, Redox Pty Ltd., Royal Dutch Shell Plc, Solvay SA, Stobec Inc., Sumitomo Chemical Co. Ltd., Wego Chemical Group Inc., WEIFANG YI HUA CHEMICAL CO. LTD., Arkema SA, BASF SE, and Dow Inc.
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	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Methyl Isobutyl Carbinol (MIBC) Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive MIBC market growth during the next five years
Precise estimation of the methyl isobutyl carbinol market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behaviour
The growth of the methyl isobutyl carbinol (MIBC) industry across APAC, North America, Europe, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of MIBC market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user

5.3 Building and construction - Market size and forecast 2021-2026
- Exhibit 28: Chart on Building and construction - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Building and construction - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Building and construction - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Building and construction - Year-over-year growth 2021-2026 (%)

5.4 Mining - Market size and forecast 2021-2026
- Exhibit 32: Chart on Mining - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Mining - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Mining - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Mining - Year-over-year growth 2021-2026 (%)

5.5 Automobile - Market size and forecast 2021-2026
- Exhibit 36: Chart on Automobile - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Automobile - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Automobile - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Automobile - Year-over-year growth 2021-2026 (%)

5.6 Aerospace - Market size and forecast 2021-2026
- Exhibit 40: Chart on Aerospace - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Aerospace - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Aerospace - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Aerospace - Year-over-year growth 2021-2026 (%)

5.7 Others - Market size and forecast 2021-2026
- Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by End-user
- Exhibit 48: Market opportunity by End-user ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 North America - Market size and forecast 2021-2026
- Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026
- Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026
- Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 Japan - Market size and forecast 2021-2026
- Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.12 Canada - Market size and forecast 2021-2026
- Exhibit 90: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 91: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 92: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on Canada - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption

9.4 Industry risks
- Exhibit 98: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 99: Vendors covered

10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification

10.3 Akzo Nobel NV
- Exhibit 101: Akzo Nobel NV - Overview
- Exhibit 102: Akzo Nobel NV - Business segments
- Exhibit 103: Akzo Nobel NV - Key news
- Exhibit 104: Akzo Nobel NV - Key offerings
- Exhibit 105: Akzo Nobel NV - Segment focus

10.4 Arkema SA
- Exhibit 106: Arkema SA - Overview
- Exhibit 107: Arkema SA - Business segments
- Exhibit 108: Arkema SA - Key news
- Exhibit 109: Arkema SA - Key offerings
- Exhibit 110: Arkema SA - Segment focus

10.5 BASF SE
- Exhibit 111: BASF SE - Overview
- Exhibit 112: BASF SE - Business segments
- Exhibit 113: BASF SE - Key news
- Exhibit 114: BASF SE - Key offerings
- Exhibit 115: BASF SE - Segment focus

10.6 Celanese Corp.
- Exhibit 116: Celanese Corp. - Overview
- Exhibit 117: Celanese Corp. - Business segments
- Exhibit 118: Celanese Corp. - Key news
- Exhibit 119: Celanese Corp. - Key offerings
- Exhibit 120: Celanese Corp. - Segment focus

10.7 Cetex Petrochemicals Ltd.
- Exhibit 121: Cetex Petrochemicals Ltd. - Overview
- Exhibit 122: Cetex Petrochemicals Ltd. - Product / Service
- Exhibit 123: Cetex Petrochemicals Ltd. - Key offerings

10.8 Dow Inc.
- Exhibit 124: Dow Inc. - Overview
- Exhibit 125: Dow Inc. - Business segments
- Exhibit 126: Dow Inc. - Key offerings
- Exhibit 127: Dow Inc. - Segment focus

10.9 Eastman Chemical Co.
- Exhibit 128: Eastman Chemical Co. - Overview
- Exhibit 129: Eastman Chemical Co. - Business segments
- Exhibit 130: Eastman Chemical Co. - Key offerings
- Exhibit 131: Eastman Chemical Co. - Segment focus

10.10 Mitsui Chemicals Inc.
- Exhibit 132: Mitsui Chemicals Inc. - Overview
- Exhibit 133: Mitsui Chemicals Inc. - Business segments
- Exhibit 134: Mitsui Chemicals Inc. - Key offerings
- Exhibit 135: Mitsui Chemicals Inc. - Segment focus

10.11 Monument Chemical
- Exhibit 136: Monument Chemical - Overview
- Exhibit 137: Monument Chemical - Product / Service
- Exhibit 138: Monument Chemical - Key offerings

10.12 Solvay SA
- Exhibit 139: Solvay SA - Overview
- Exhibit 140: Solvay SA - Business segments
- Exhibit 141: Solvay SA - Key offerings
- Exhibit 142: Solvay SA - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 143: Inclusions checklist
- Exhibit 144: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 145: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 146: Research methodology
- Exhibit 147: Validation techniques employed for market sizing
- Exhibit 148: Information sources

11.5 List of abbreviations
- Exhibit 149: List of abbreviations

Methodology

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.

INFORMATION 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

DATA 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

REPORT 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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Key Questions Answered

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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