Article -> Article Details
| Title | Isobutanol Market Segmentation, Application, Trends, Opportunity & Forecast 2020 To 2027 |
|---|---|
| Category | Business --> Services |
| Meta Keywords | Isobutanol Market |
| Owner | thomas |
| Description | |
| The Global Isobutanol
Market is estimated to reach a value of USD 1.56 billion by 2027 by
exhibiting a growth rate of 6.4% over the forecast period from 2017 to 2027.
The market stood at a valuation of USD 0.9 billion in 2019. The market is
expected to witness stellar growth in a few years thanks to widening
application sectors of the component. Isobutanol has excellent properties such
as limited miscibility, volatility, and clear colourless liquid which make it
useful for several applications such as industrial solvents, corrosion-resistant,
and coatings. This is a key factor fueling growth of the global isobutanol
market. Due to its unique properties, the compound is highly adopted by several industries such as oil & gas, agrochemicals, and biofuel industries. Additionally, the application of isobutanol to manufacture widely demanded isobutyl esters or isobutyl acetate. Isobutyl esters are used as flavouring agents in the food industry. Swiftly growing food industry globally and especially across emerging economies, including India, Mexico, China, and Brazil is boosting demand for isobutanol and is likely to propel the market growth. Isobutanol and isobutyl esters are generally used as a corrosion-resistant in the construction industry. Rapidly changing lifestyle and disposable income globally is boosting demand for more attractive infrastructure, which is expanding growth of the construction industry globally. Thus, the demand for isobutanol is increasing substantially from the construction industry, which is propelling growth of the global isobutanol market. Additionally, rising environmental concerns regarding the usage of ethanol across several industries as a solvent, which encourages the use of isobutanol. This is a crucial factor fueling the isobutanol market. The use of synthetic isobutanol is also one of the concerns among environmental concerned people. Thus, companies are heavily to find eco-friendly alternatives and greener bio-based isobutanol that is estimated to offer several opportunities for key players and for industries operating in the market to gain traction in the anticipated period. On the other hand, alternative compounds used as solvents, high costs of eco-friendly isobutanol, higher raw material costs, and strict government regulation implicated on the use of isobutanol are hampering the growth of the global market. Nonetheless, few companies found the way to use eco-friendly isobutanol, which is likely to be a trend in the market and benefits market growth in the coming years. Asia Pacific dominated the isobutanol market in 2019 in terms of demand and revenue and is estimated to exhibit growth with the fastest CAGR over the forecast period. This growth is majorly due to rising demand from numerous end-use industries, including construction industries, petrochemicals, oil & gas, and food industries. Developing countries, including China and India, hosts large production units for many of these industries, which is contributing to demand and boosting growth of the isobutanol market. Europe held the second-leading market share of 26.26% in 2019. The growth of the market in the region is due to existence of significant petrochemical units and bio-refineries in European countries, especially in Belgium, Hungary, Germany, and Italy. The increasing need for energy is fuelling production in the oil & gas sector and is likely to propel growth of the isobutanol market in the coming future. Click on the link
below, to find key trends and opportunities in the market: https://www.reportsanddata.com/report-detail/isobutanol-market Leading
companies in the Isobutanol Market include: The Dow Chemical Company BASF Formosa Plastics Corp. Fitesa Toray Eastman Chemical Company Sasol Ltd. Mitsubishi Chemical Corporation Oxea GmbH Perstorp Holding AB Isobutanol Market: Segmentation For the purpose of this report, Reports And
Data has segmented the Global Isobutanol Market based on 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)
Regional Outlook
(Revenue, USD Million; 2017-2027)
| |