The global isobutanolmarket is expected to reach USD 1.18 billion by 2022, according
to a new report by Grand View Research, Inc. Growing isobutanol demand across
various end-use industries such as oil & gas and chemical intermediates is
expected to drive its demand over the forecast period. Emergence of isobutanol
as a platform chemical for producing isobutyl esters has also helped in market
penetration. Intrinsic properties associated with isobutanol such as medium
volatility and limited miscibility is expected to positively impact market
growth.
Synthetic
isobutanol was the largest product segment and accounted for 58.1% of total
market volume in 2014. Bio-based Isobutanol is expected to witness the highest
growth of 7.0% from 2015 to 2022. Growing environmental and toxicity concerns
coupled with high rate of commercialization of bio-based isobutanol at cheaper
prices may be attributed towards product demand. Bio-based isobutanol is
extensively being used in renewable jet fuels that provide low carbon
footprints and cleaner burning.
Browse full report by
Grand View Research : http://www.grandviewresearch.com/industry-analysis/isobutanol-market
Further key findings from the report suggest:
·
Global isobutanol market demand was 552.4 kilo
tons in 2014 and is expected to grow at a CAGR of 6.0% from 2015 to 2022
·
Chemical intermediate was the largest
application segment and accounted for 46.0% of total market volume in 2014. The
segment is expected to gain share over next seven years on account of rapid
expansion of petrochemical industry particularly in Middle East and Asia
Pacific.
·
Oil & gas is expected to witness the
highest growth of 6.4% from 2015 to 2022. Growing gasoline additives owing
growing demand for high performance/clean fuel is expected to drive this
segment over the forecast period.
·
Asia Pacific was the leading regional
market with demand share estimated at 40.1% in 2014. High rate of utilization
across various end-use industries in India, China, Vietnam and Indonesia is
expected to drive the regional market. Rapid expansion of integrated refineries
in the region is also expected to have a positive impact on the market
growth.
·
Developed markets of North America and
Europe are characterized by shifting consumer preference towards environmental
friendly products and stringent regulatory framework for manufacturing various
petrochemicals.
·
Key players having majority stake in the
industry 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.
Browse more reports of this category by
Grand View Research: https://www.grandviewresearch.com/industry/organic-chemicals-and-compounds
Grand View Research has segmented the
isobutanol market on the basis of product, application and region:
Isobutanol
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
Synthetic Isobutanol
·
Bio based Isobutanol
·
Others
Isobutanol
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
Oil & Gas
·
Solvents & Coatings
·
Chemical Intermediate
·
Others
Isobutanol
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
France
·
Asia Pacific
o
China
o
India
o
Central & South America
·
Middle East & Africa
View
Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-isobutanol-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For
More Information: www.grandviewresearch.com
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