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Polymerization of isobutylene produces butyl rubber (polyisobutylene or PIB). Antioxidants such as butylated hydroxytoluene (BHT) and butylated hydroxyanisole (BHA) are produced by Friedel-Crafts alkylation of phenols with isobutylene and it is also used in the production of methacrolein, MTBE and ETBE.
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Isobutylene Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030
Global isobutylene demand is projected to grow at a healthy CAGR of 4.01%. Isobutylene (or 2-methylpropene) is a highly inflammable, colourless gas with a pungent odour. It is used in the production of a variety of products as it is alkylated with butane to produce isooctane or dimerized to diisobutylene (DIB) and then hydrogenated to make isooctane, a fuel additive. Polymerization of isobutylene produces butyl rubber (polyisobutylene or PIB). Antioxidants such as butylated hydroxytoluene (BHT) and butylated hydroxyanisole (BHA) are produced by Friedel-Crafts alkylation of phenols with isobutylene and it is also used in the production of methacrolein, MTBE and ETBE. There are huge applications of isobutylene in Automotive, Aerospace, Antioxidants, Pharmaceuticals and is also useful for various niche applications, such as wires and cables, compression packaging, and electrical insulation. Automotive comes as the leading application segment accounting for a major part of the isobutylene market whereas, MTBE is the chief product accounting major part of the overall volume. Due to its considerable industrial value, there is an impeccable growth in its demand in the past few years. In 2020, because of the outbreak of corona virus in major global economies, there is a huge impact on the demand and production of various products. Nationwide shutdowns affected electronics, automobiles, transport, and construction sectors and decline in the demand of electronics, chemicals and automobiles impacted the demand of global isobutylene market adversely. However, a positive trend has been witnessed in the demand and supply of isobutylene since the manufacturing plants got operational and there is relaxation in lockdown. Increasing demand for isobutylene in production of antioxidants, fragrances, gas odorization products and in the form of a fuel additive in the aerospace and automotive industry is set to boost the market growth during the forecast period. Regional Outlook: Region wise, Europe and North America are estimated to account for most of the demand in the global isobutylene market due to its high demand from the automotive and aerospace industry. However, the growth prospect of Asia Pacific is highly promising and is likely to exhibit rapid growth over the period of analysis. Moreover, China is one of the leading manufacturers as well as consumer of isobutylene and is estimated to drive the demand in the isobutylene market in Asia Pacific. Years considered for this report: Historical Period: 2015-2019 Base Year: 2020 Estimated Year: 2021 Forecast Period: 2022–2030
Objective of the Study: •To assess the demand-supply scenario of isobutylene which covers production, demand and supply of isobutylene market globally.
• To analyse and forecast the market size of isobutylene. • To identify drivers and challenges for global isobutylene market. • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global isobutylene market. • To identify and analyse the profile of leading players involved in the manufacturing of isobutylene.
Major Players: • • • • • • BASFGroup Exxon Mobil Corporation LyondellBasell Industries Honeywell International Shandong Shouguang Luqing Petrochemical Co. Ltd Zoucheng Qifa Chemical Co. Ltd. and others. To extract data for global Isobutylene market, primary research surveys were conducted with Isobutylene +manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Isobutylene market over the coming years. ChemAnalyst calculated Isobutylene demand globally by analyzing the historical data and demand forecast which was carried out considering imported Isobutylene, styrene prices, monomers used for production of Isobutylene. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. Key Target Audience: • • • • Isobutylene manufacturers and other stakeholders Organizations, forums and alliances related to Isobutylene distribution Government bodies such as regulating authorities and policy makers Market research organizations and consulting companies The study is useful in providing answers to several critical questions that are important for industry stakeholders such as isobutylene manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope: In this report, global isobutylene market has been segmented into following categories, in addition to the industry trends which have also been detailed below: Attribute GrowthRate Base year for estimation Historic Data Forecast period Quantitativeunits Report coverage Details CAGR of 4.01%. from 2021 to 2030 2020 2015 – 2019 2022 – 2030 Demand in thousand tonnes and CAGR from 2021 to 2030 Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends Application: (Polyisobutylene or PIB, Fuel additive BHA, BHT, MTBE and ETBE) Segments covered End Use: (Automotive, Aerospace, Electronics, Chemical and Cosmetics, Pharmaceuticals, Energy, and others) Sales Channel: (Distributor and Trader, Direct Company Sales, Direct Import) Regional scope Country scope North America; Europe; Asia Pacific; South America; Middle East & Africa United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina Key companies profiled BASF Group, Exxon Mobil Corporation, LyondellBasell Industries, Honeywell International, Shandong Shouguang Luqing Petrochemical Co. Ltd, Zoucheng Qifa Chemical Co. Ltd. and others. Customizationscope Free report customization with purchase. Addition or alteration to country, regional & segment scope. Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options
TABLE OF CONTENTS: 1. Global Isobutylene Market Outlook, 2015-2030 2. Global Isobutylene Demand Outlook, 2015-2030, By Volume 3. North America Isobutylene Market Outlook, 2015-2030 4. North America Isobutylene Demand Outlook, 2015-2030, By Volume 5. Asia Pacific Isobutylene Market Outlook, 2015-2030 6. Asia Pacific Isobutylene Demand Outlook, 2015-2030, By Volume 7. Europe Isobutylene Market Outlook, 2015-2030 8. Europe Isobutylene Demand Outlook, 2015-2030, By Volume 9. MEA Isobutylene Market Outlook, 2015-2030 10. MEA Isobutylene Demand Outlook, 2015-2030, By Volume 11. South America Isobutylene Market Outlook, 2015-2030 12. South America Isobutylene Demand Outlook, 2015-2030, By Volume 13. Country-wise Import 14. Country-wise Export 15. News and Deals
METHODOLOGY METHODOLOGY
ChemAnalyst identify firm planned capacities, planned expansions and closures in identified geographies and also provide list of idling capacities wherever wise product demand profile based on past user industry data, capacity utilization & year-wise growth rates for last 10 years including current year. applicable. ChemAnalyst derive segment- Finally, ChemAnalyst project future growth considering potential new applications up to next 15 years, along with detailed basis / assumption for arriving at the projected growth rates. Current sources of products’ import along with logistics details of shipping aspect, inland transportation and cost details has been taken through primary research. Export destinations to be targeted based on market study have been listed. Details of shipping aspect, inland transportation and cost details etc. will be based on primary research. Demand = Production + Import – Export – Inventory Demand Supply Gap = Production - Demand ChemAnalyst Research perform periodical checks on data being collected through surveys with logic checks and analyze survey results and data generated through its proprietary database. ChemAnalyst will also use data triangulation technique to fill the gaps and to present the more meaning picture of the market. ChemAnalyst will deliver the final comprehensive project report in online digital format.
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About Us & Disclaimer ChemAnalyst Research is a global market research and consulting company with offices in the US, Indonesia and Indonesia. ChemAnalyst Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by- state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Asia-Pacific Europe North America B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@chemanalyst.com www.chemana;yst.com 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@chemanalyst.com www.chemana;yst.com 420 Lexington Avenue, Suite 300, New York, NY, United States, 10170 Email: sales@chemanalyst.com www.chemana;yst.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. Techsci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, Techsci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of Techsci Research