The growing application in paints & coatings and growing demand for manufacturing in various chemical intermediates are driving the need for the market.
Market Size – USD 0.98 Billion in 2019, Market Growth – CAGR of 6.4%, Market Trends – growing downstream industries.
The global Isobutanol market is forecast to reach USD 1.56 Billion by 2027, according to a new report by Reports and Data. Rising demand for isobutanol through diverse end-use industries, including oil & gas and chemical intermediates, is anticipated to enhance its production over the forecast period. Isobutanol’s introduction as a synthetic medium for the development of isobutyl esters has also led to market penetration. Isobutanol-associated intrinsic characteristics such as medium volatility and minimal miscibility are considered to be favorable for market growth.
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Overall, the production of effective and advanced technologies, increased demand from the paint and coating industries, building and automobile industries, increased packaged food industries in various developed countries, booming pharmaceutical industries and advantageous isobutanol properties such as medium flexibility, minimal miscibility, enhanced gloss and flow and prevented blushing are among the prime growth drivers for the market. Additionally, the marketing of bio-isobutanol manufacturing through biological fermentation expanded isobutene acceptance for use in newer vertical industrial economies, and developing economies such as China, India, and others will create new prospects for the global isobutanol industry.
Fluctuations in the price of crude oil are likely to impede the potential demand for petroleum-derived goods. Extensive R&D by some of the primary industry players has led to isobutanol development being commercialized by biological fermentation that could be used in jet fuel. The product is used for low carbon emissions and safer burning in green jet-fuel. Since the higher energy content, isobutanol, as a biofuel, is favored to ethanol and follows EPA pollution goals.
The COVID-19 impact:
Isobutanol is a solvent used in the manufacturing of personal care goods or disinfectants. The current epidemic of CoVID19 has led to a significant rise in the production and use of hand sanitizers and surface disinfectants, thereby positively influencing demand. Manufacture and supply were increased, which was beneficial for manufacturers, dealers, and consumers. The market would continue to rise with the growing healthcare concerns and an increasing need to maintain hygiene. Even after the pandemic, the market is estimated to continue to escalate as the ongoing virus has shed light on healthcare, creating more awareness among customers.
Isobutanol Market Size, Growth & Analysis, By Product, By Distribution Channel, By Application By Region, Forecasts To 2017-2027; To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/isobutanol-market
Further key findings from the report suggest
- Chemical intermediates were the leading product group and constituted 46.54% of the overall value of the industry in 2019. Due to the rapid development of the petrochemical industry, especially in the Middle East and the Asia Pacific, the segment is anticipated to gain market share in the coming years.
- The fastest growth of 6.6% from 2019 to 2027 is anticipated for bio-based isobutanol. Rising environmental and toxicity issues coupled with high selling levels of bio-based isobutanol at lower prices, can be due to demand for the chemical. Bio-based isobutanol is widely used in low carbon emissions and cleaner-burning green jet fuels.
- The APAC is expected to intensify with an estimated 6.4% CAGR, due to the booming oil & gas industry, the demand in emerging nations such as China and India is rising. The government has taken steps for urbanization, and industrialization has led to the rapid growth of the production sector in the country, which will have a significant impact on regional growth.
- Established North American and European markets are distinguished by changing customer interest to environmentally friendly products and a tight regulatory system for the manufacture of various petrochemical products.
- Key participants include BASF, The Dow Chemical Company, Eastman Chemical Company, Toray, Fitesa, Formosa Plastics Corp., Oxea GmbH, Mitsubishi Chemical Corporation, Perstorp Holding AB and Sasol Ltd. among others.
For the purpose of this report, Reports and Data has segmented into the Global Isobutanol market on the basis of Product, Distribution Channel, application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
- Oil & Gas
- Solvents & Coatings
- Chemical Intermediate
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Saudi Arabia
- Rest of MEA
- Latin America
- Rest of LATAM
Table of Content
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Isobutanol Market Segmentation & Impact Analysis
4.1. Isobutanol Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
220.127.116.11. Growing application in paints & coatings
18.104.22.168. Growing demand for manufacturing in various chemical intermediates
4.2.3. Market restraints analysis
22.214.171.124. Volatile raw material prices for synthetic products
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
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