Transparency
Market Research Reports incorporated a definite business overview and
investigation inclines on “Isobutene
Market”.
This report likewise incorporates more illumination about fundamental
review of the business including definitions, requisitions and
worldwide business sector industry structure. Isobutene or
2-methylpropene is a colorless and volatile liquid and a downstream
derivative of crude oil. It is produced during the fractionation
process of refinery gasses and by means of catalytic cracking of
methyl-t-butyl ether. Isobutene is an important chemical and is used
in a variety of applications ranging from fuel additives and polymers
to pharmaceuticals and agriculture industries. The annual global
production of isobutene exceeds 10 million metric tons.
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Full Report with TOC:
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The
primary driver for the isobutene market is the growing aerospace
market as well as the growing demand for rubber from automotive
market. Isobutene is the source of polyisobutene which is the
precursor chemical for the production of fuel and lubricant
additives. Isobutene is added to methanol to produce MTBE (Methyl
Tert-Butyl Ether) and with ethanol to produce ETBE (Ethyl Tert-Butyl
Ether) which are the main types of fuel additives in the market.
Isobutene is added to isobutene to produce isooctane, which is a fuel
additive used in the aviation fuel. It is extensively used in the
manufacturing process of rubber used to produce tires and tubes for
the automotive industry. Apart from these the chemical is used to
manufacture fine chemicals, plastics and anti-oxidants which account
for a substantial market demand for isobutene. The growth of the end
use markets is expected to drive the market for isobutene. Evonik
Industries recently increased the production capacity by three times
in their manufacturing facility at Antwerp, Belgium in anticipation
of growing demand of the chemical globally and in order to establish
themselves as a leading producer of isobutene in Europe.
Although
isobutene finds application in a range of end use industries, it is
susceptible to price fluctuations from source. As it is a downstream
derivative of crude oil, the price volatility of crude oil directly
affects the isobutene market. Moreover isobutene is highly regulated
chemical owing to its toxic properties and stringent measures need to
be followed to prevent leakage in the atmosphere. Bio based isobutene
has gained acceptance and it is likely to grow at a fast pace, and
gradually replace petroleum based isobutene. Global Bioenergies SA is
a company which has made significant contributions towards developing
bio alternative to the conventional process. The company has
developed and patented a process to convert carbohydrates to
isobutene through the process of fermentation. Global Bioenergies SA
has recently set up their second isobutene manufacturing plant in
Germany. With the global paradigm shift towards sustainable bio-based
alternatives to fossil fuel, the technology is expected to catch up
and reap long term benefits.
North
America accounts for the maximum demand of isobutene in the world
followed by Asia Pacific and Europe. However the market growth
prospects are the highest in Asia Pacific region, owing to the
increasing demand from China. China is also one of the major
manufacturers of isobutene in the world. Japan accounts for a
substantial volume demand of isobutene. Although MTBE has been banned
in few countries such as the U.S. and Japan, its demand is South
America and Middle East has witnessed growth amidst concerns over air
pollution and ground water contamination threats.
Some
of the major players in the isobutene market are Evonik Industries,
BASF SE, Global Bioenergies SA, Exxon Mobil Chemicals and ABI
Chemicals among many others.
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This
research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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