Isobutene Market Global Trend, Demand, Scope, Growth Analysis and Industry Forecast 2030

The global isobutene market size is expected to reach USD 39.60 Billion in 2030 and register a steady revenue CAGR of 4.6% over the forecast period, according to latest analysis by Emergen Research. Market revenue growth is primary driven by factors such as development of bio-based isobutene and high demand from end-use industries such as automotive and aerospace. For instance, on behalf of German-French business Global Bioenergies, Fraunhofer Center for Chemical-Biotechnological Processes CBP conducted research and developed a process for generation of fuels and fuel additives from biogenic isobutene, as a part of "BioFAA" project. Isobutene, one of the most important compounds in the petrochemical sector, is currently generated economically only from fossil resources, mostly petroleum. Global Bioenergies produces biogenic isobutene required for the project utilizing a self-developed method from renewable raw sources (e.g. cereals, sugar, agricultural or forestry waste). To do this, Global Bioenergies and Fraunhofer CBP collaborated to establish a demonstration plant for fermentative manufacture of bio-based isobutene from sugars on the Fraunhofer CBP site in Leuna.

The study segments the Isobutene industry in light of major classification such as product type, potential markets, application, and end-user. The report offers a comprehensive overview of the market along with details about market size, market share, revenue growth, and top companies. The report covers all crucial and essential information related to global Isobutene market to help readers, investors, clients to gain a thorough understanding of the market and invest accordingly. Various advanced statistical tools such as SWOT analysis or Porter’s Five Forces are used in the report. 

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The leading market contenders listed in the report are:

BASF SE, Evonik Industries AG, Exxon Mobil Corporation, ABI Chem Germany, Global Bioenergies, Praxair Technology, Inc., Syngip BV, LanzaTech, Songwon, and Honeywell International Inc

The research study examines historic data from 2018 and 2020 to draw forecasts until 2030. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

Some Key Highlights From the Report

• On 13 January 2020, Enterprise Products Partners L.P. (NYSE: EPD) announced that its Isobutane Dehydrogenation (“iBDH”) plant in Mont Belvieu, Texas area recently began service, with volumes expected to continue ramping up during the next two weeks. The facility, which is supported by long-term, fee-based contracts with investment grade customers, will ultimately have the capability to process approximately 25,000 barrels per day of butane into nearly 1 billion pounds per year of isobutylene.
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• The MTBE segment is expected to account for a large revenue share over the forecast period. This is attributed to its wide application scope in end-use industries such as automotive and aerospace. To raise fuel octane and reduce carbon monoxide, oxygenate additives such as ethanol and methyl-t-butyl ether are commonly added to gasoline. The addition of MTBE to gasoline decreased CO and HC emissions at high engine loads. Since 1979, MTBE has taken the position of lead as a low-concentration octane enhancer in U.S. gasoline as it helps to keep engines from "knocking." Some gasoline had higher levels of MTBE between 1992 and 2005 to comply with oxygenate requirements set by Congress in 1990 Clean Air Act Amendments.
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• The automotive segment is expected to account for a large revenue share in the global market over the forecast period owing to increasing use of elastomers based on isobutylene, which exhibit properties unique to automobiles. Oxygenate additives most frequently added to gasoline to raise fuel octane and minimize carbon monoxide are ethanol and methyl-t-butyl ether. By adding MTBE to gasoline, CO and HC emissions were reduced at high engine loads. Since 1979, MTBE has taken the position of lead as an octane enhancer in U.S. gasoline at low concentrations as it helps to keep engines from "knocking." Between 1992 and 2005, MTBE was used at higher concentrations in some gasoline to comply with oxygenate requirements set by Congress in 1990 Clean Air Act Amendments.
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• The North America market is expected to account for largest revenue share during the forecast period, which is primarily attributed to the region's increase in vehicle production units and sales. For instance, as of December 2021, 9,167,214,000 motor vehicles were produced in the U.S. with an increase of 8,821,026.000 units from December 2020. As of 2022, over 76% of Americans stated they had access to a car, while an additional 19% indicated they had used a corporate or family vehicle. The country's strong demand for cars fosters a vibrant automotive industry. Retail sales of road vehicles and their components bring in over USD 1.5 trillion a year and the sector has quickly recovered from COVID-19 pandemic. As a result, the region's countries expanding automotive industries are fueling market revenue growth.

Market Overview:

The report bifurcates the Isobutene market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

 

Product Outlook (Revenue, USD Billion; 2019-2030)

• Methyl Tert-Butyl Ether (MTBE)
• Ethyl Tert-Butyl Ether (ETBE)

Application Outlook (Revenue, USD Billion; 2019-2030)

• Automotive
• Aerospace
• Antioxidants
• Pharmaceuticals
• Other Applications

Regional Outlook (Revenue, USD Billion; 2019-2030)

• North America
  1. U.S.
  2. Canada
  3. Mexico
• Europe
  1. Germany
  2. UK
  3. France
  4. Spain
  5. BENELUX
  6. Rest of Europe
• Asia Pacific
  1. China
  2. India
  3. Japan
  4. South Korea
  5. Rest of APAC
• Latin America
  1. Brazil
  2. Rest of LATAM
• Middle East & Africa
  1. Saudi Arabia
  2. UAE
  3. Israel
  4. Rest of Middle East & Africa

The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.

Regional Analysis Covers:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key reasons to buy the Global Isobutene Market report:

1. The latest report comprehensively studies the global Isobutene market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
2. The report offers an insightful analysis of the regional outlook of the market.
3. It offers a detailed account of the end-use applications of the products & services offered by this industry.
4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.