Global Isobutanol Market – Industry Trends and Forecast to 2030

 

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Isobutanol Market Analysis and Sizes

Growing usage of isobutanol as raw material by different industries such as the food manufacturing industry, lacquer, and others, and growing utilization from the paint & coatings industry are some of the factors that are boosting the growth of the isobutanol market. Furthermore increasing the production of bio-isobutanol fuel as a cost-effective alternative will encourage the isobutanol market

Data Bridge Market Research analyses that the isobutanol market which was USD 1.48 billion in 2022, would rocket up to USD 2.37  billion by 2030, and is expected to undergo a CAGR of 6.04% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Isobutanol Market Scope and Segmentation

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Market Definition

Isobutanol is classified as synthetic and bio-based isobutanol. The synthetic is created from the carboxylation of propylene and is used in renewable jet fuel that produces cleaner burning and low carbon footprints. Whereas, bio-based isobutanol is eco-friendly and is low in cost. Isobutanol is used as a plasticizer agent in rubbers and plastic, and it is also used in the synthesis of plastic, chemicals, and the manufacturing of paper and textiles. The copolymer of Isobutanol is used in applications such as aqueous dispersion for fabrics, and dispersion for paint, ink, varnishes, and glues.

Global Isobutanol Market Dynamics

Drivers

• Use of bio-fuel as isobutanol   

The trend of using green fuel additives and an industrial chemical known as bio-based isobutanol which is produced by using a specific enzyme to change the naturally occurring glucose in plants. Isobutanol is added to petroleum fuel products to stop knocking. This isobutanol-based fuel could substitute the gasoline market, which is depleting the environment. Isobutanol bio-based fuel is environmentally friendly, which will drive the isobutanol market growth.

• Increasing construction activities

Isobutanol is one of the key components of coatings and solvents utilized in the building and construction industry. Building and construction activities are growing at a high rate over the world, due to the increasing population. The demand for isobutanol has increased due to the high investment in building and construction activities, which drives the market of isobutanol

.Opportunities

• Growth of the aerospace industry

 Isobutanol is more flexible than hydrogen and is ideal for use as a gasoline additive and jet fuel, Isobutanol reacts as a renewable fuel, and non-isobutanol fuels are high in cost and responsible for high rates of pollution in the world. International Air Transport Association says that the air transport fleet is growing in the maximum number of aircraft which creates an opportunity for the isobutanol market to grow

• Use in cosmetic product

Temperatures have risen drastically in the past few years. Almost eight out of twelve months copy the warmest temperatures. Chlorofluorocarbons (CFCs) are considered one of the major givers of global warming. CFCs are also used in cosmetic and personal care products, use of CFCs is restricted by the government of many countries, so Isobutanol is a substitute the CFCs as raw material in cosmetics and personal care products, which is creating  an opportunity for the isobutanol market to grow

Restraints/Challenges

• Floatation in  cost of  butanol  

Isobutanol is a raw material for a product such as coating resins, acrylate, acetate, isobutyl methacrylate, and paint thinners which has a huge demand due to growing urbanization but growing demand is also depleting the Raw material or isobutanol and increasing the price rate of isobutanol which led to vast rattletrap hurdles for the market, which can cause price floatation which will hamper the market growth of isobutanol market.

• Strict government rules regarding environmental concern 

There are strict rules and regulations regarding environmental concerns around the globe, majorly isobutanol is operated with the help of fossil fuel which produces carbon dioxide and carbon monoxide which is responsible for environmental pollution. The government doesn’t allow industries to operate such things massively which can create distribution for them to work. Which is expected to hamper the market growth of Isobutanol.

This  isobutanol  market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the isobutanol market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In 2018, Toray Industries Inc., a Japanese integrated chemicals and materials company, finalized the purchase of Tencate Advanced Composites Holding BV, a Dutch carbon fibre composite material manufacturer and distributor,
• In 2017,  DowDuPont announced that the partnership between The Dow Chemical Company and E.I. du Pont de Nemours & Company (“DuPont”) was completed successfully

Global Isobutanol Market Scope

The isobutanol market is segmented on the basis of product type, end-user industry, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product type

• Synthetic Isobutanol
• Bio-Based Isobutanol

End-User Industry

• Paints & Coatings
• Oil & Gas
• Diesel
• Gasoline
• Jet Fuel
• Others
• Pharmaceuticals
• Antibiotics
• Vitamins
• Alkaloids
• Others
• Chemicals
• Textiles
• Buildings and  Construction
• Residential
• Commercial
• Industrial
• Others
• Others

Application

• Intermediate
• Solvent
• Solubilizer
• Extracting Agent
• Additive
• Others

Global Isobutanol Market Regional Analysis/Insights

The isobutanol market is analysed and market size insights and trends are product type, end-user industry and application as referenced above.

The countries covered in the isobutanol market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia Passaic dominates the isobutanol market because of strong base in the industrialisation, growing pharmaceuticals, strong presence of major players in the market and good foreign policy and high demand of isobutanol.       

North America is expected to witness significant growth due to the increase in the demands of isobutanol, present of pharmaceuticals. Availability of growing market, growing demand of isobutanol market.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Isobutanol Market Share Analysis

The isobutanol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to isobutanol market.  

 Some of the major players operating in the isobutanol market are:

• LyondellBasell Industries Holdings B.V. (U.K)
• TPC Group (U.S.)
• Honeywell International Inc (U.S.)
• SONGWON ( South Korea)
• LanzaTech (U.S.)
• Praxair Technology, Inc. (U.S.)
• Exxon Mobil Corporation (U.S)
• BASF SE (Germany)
• Evonik Industries AG ( Germany)
• YEOCHUN NCC CO., LTD (South Korea)
• Halliburton Energy Services, Inc (U.S.)
• SLB (U.S.)
• CLARIANT (Switzerland)
• Dorf Ketal Chemicals (I) Pvt. Ltd (India)
• The Lubrizol Corporation (U.S.)
• Infineum International Limited (U.K.)
• Global Bioenergies ( France)
• Vinati Organics Limited( India)

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